Bestow Life Insurance Review
Good
- Policies starting from $10/mo
- Easy online application process for ages 21-54
- Coverage ranges from $50,000 to $1,5 million
- No medical exam needed to complete application
Bad
- Approval parameters can be strict
Bestow is an online company that offers an easy way to apply for a term life insurance plan. They focus on using big data rather than medical exams and needles to underwrite the life insurance policies they offer.
Their goal as a company is to make life insurance simpler and more human. They do this by offering an easy to understand application that you can complete quickly online. Bestow aims to offer life insurance in minutes at affordable prices.
The 10- and 30-year plans are geared to people with longer-term coverage needs, such as parents. Up to $1,5 million is available.
You can be denied for coverage, and older customers are not eligible to apply. You can apply for a 20-year policy if you’re 21 to 45.
For the 10-year policies, the age range is a bit wider: 21 to 54.
The company does not sell permanent life insurance such as whole or universal life policies. All states except for NY are welcome to apply.
About the company
Bestow is a company that was founded in Dallas, Texas in 2016 by 2 entrepreneurs Melbourne O’Banion and Jonathan Abelmann. Their mission was to simplify getting life insurance. They’ve invested heavily in AI and technology enabling their partners to offer bespoke solutions while enabling lower pricing due to better risk management. The policies they offer are provided by North American Company for Life and Health Insurance® which boasts an A+ rating from A.M Best.