Who Is Bestow Best Suited for?
This is a no-exam term life insurance.
During the application process, Bestow will ask you to answer several questions
about your health. These will influence the insurer’s decision and how much
coverage they’re willing to offer you. However, you will not be required to
take any medical exam, which makes this company a good choice for anyone who
wants to skip this step.
Bestow is also a great choice if you want
same-day coverage. You can complete the whole application in minutes, wait for
approval, and activate your policy. If you are over 18, you can already apply
for a Bestow term life insurance policy. The monthly rates are affordable.
Before you apply, remember that the maximum
coverage is only $1,500,000. If you’re looking for more generous coverage or
the possibility to add riders, you might want to look elsewhere, as Bestow
doesn’t offer these options.
Bestow Features
Bestow is a fast and convenient online
service that offers term insurance. You can choose from 10 to 30 years term
policies in 5-year increments. The coverage amount varies between $50,000 and
$1,500,000. This carrier doesn’t ask you to take medical exams.
Bestow offers death insurance benefits. Their
life insurance policies are available for people as young as 18. The maximum
age limit is 60. This company’s policies are not renewable.
Currently, Bestow doesn’t offer insurance riders. So, you cannot add extra benefits to your basic insurance. You can only customize it according to the number of years and the coverage amount you want.
The Bestow life insurance policy price varies
tremendously based on different factors such as age, gender, activity, and
others. The platform will assess your risk and give you a quote. Based on this
result, you can choose to move forward with your application or not.
The insurance policies this carrier offers are backed by North American Company for Life and Health Insurance and Munich Re.
Bestow Highlights
Bestow provides several benefits that immediately catch the eye. For starters, this insurance carrier never requires medical exams. It allows you to get a free quote in seconds and apply in minutes. If you get approved, the coverage becomes available immediately; you just have to activate it. This is one of the most affordable life insurance providers. Monthly rates start as low as $10 per month. The company also offers a 30-day money-back guarantee. If you decide to cancel your policy during this period, Bestow will provide you with a full refund, and you won’t have to pay a cancellation fee.
How It Works – Application Process
To get an instant idea of what this insurer
can offer you, it’s possible to ask for a quote before applying. You can get
the quote in seconds by accessing the Bestow website and clicking the ‘Start
Now’ button on the main page. Then, complete a short form that includes the
following details:
·
Gender
·
Date of
birth
·
Height
·
Weight
·
Zip Code
Afterward, click the ‘Get a quote’ button,
and you’ll receive an instant coverage quote based on the data you entered and the
system’s parameters. If you like the offer and you want to proceed with the
application, you will have to fill in another form. This will only take several
minutes. If you get approved, instant coverage becomes available; you just have
to activate it.
Types of Policies and Terms
At the moment, Bestow only offers term life
insurance policies. The term duration is variable; you can choose between 10,
15, 20, 25, or 30 years. If the beneficiary dies within the term period, their
family will receive a death benefit. However, if the person dies after the term
expires, their family will not receive anything.
Bestow offers 100% medical exam-free
insurance. The insurance policies are available for people aged 18 to 60.
Since the insurer offers coverage for
people as young as 18, it can, and it does advertise on its website that its
policy prices start at $10 per month. However, keep in mind that the older you
are, the more you pay. Although this insurance carrier doesn’t ask for medical
exams, it does take into consideration applicants’ health status.
For example, the average price for a 35-year-old man in great health for a 10-year term policy can cost about $25 per month.
How Safe Is It
Bestow enjoys an A+ rating from the Better Business Bureau, which already says a lot about the company’s trustworthiness. This reputable company has also been featured by CNN, Forbes, The Crunch, WSJ, and Fast Company. Bestow is compliant with the Fair Credit Reporting Act and HIPAA and uses the latest digital security measures to encrypt its website and keep customers’ information safe.
Help and Support
All the contact methods you might expect
from a trusted insurer are available at Bestow. You can chat with an expert by
clicking on the live chat box in the right-hand bottom corner of the website.
You can also call the company at +1 (833) 300-0603 or send an email at team@bestow.com. The website also features an
FAQ section and a blog. Both provide plenty of helpful information on how term
life insurance works.
Bestow at a Glance
Overall, Bestow is a reliable and affordable term-life insurance option. The company’s rates can be as low as $10 per month. However, it offers a lower maximum coverage limit compared to other insurers. You can get coverage for a minimum of $50K and a maximum value of $1.5M, which is half of what other providers offer. Nonetheless, Bestow compensates with different other benefits. One of them is the fast quotation, application, and approval process. You can do all these in a few minutes. The company never requires any medical exams. You get instant coverage upon approval. Prompt and professional live chat support is always available.
Physical Address
Bestow, Inc.
750 North St. Paul Street #1900
Dallas, TX 75201
Disclaimer
This website contains information about various life insurance companies. It is designed to provide help and guidance. Different details included in our revies, such as prices or insurance terms, may change over time. The information provided on this website does not constitute legal or professional advice, and our readers should not treat it as such.
Why We Chose Bestow
We chose to include Bestow among our
reviews because this insurer offers a seamless and quick online application
process. After you submit your application, the system immediately analyzes
your data and provides you with a decision. If this is positive, you also get
coverage the same day after activating your policy. Another advantage is that
Bestow’s term life insurance never requires a medical exam. Moreover, the
company offers death benefits too.