- – Bestow specializes in term life insurance for adults aged 18 to 60 years.
- – Bestow policies are handled by an A + rated carrier.
- – Bestow term life insurance premiums can cost as little as $ 10 per month, and coverage ranges from $ 50,000 to $ 1.5 million.
- – Terms are available from 10 to 30 years and you can get an accurate online quote within minutes.
Term life insurance is a popular option for working families, and it’s easy to see why so many people invest in this type of coverage. Customers can adapt term life insurance to their needs by choosing the amount insured and How long does it take. Term life insurance is also much cheaper than permanent insurance, and you can often get approved without a medical exam.
If you are in the term life insurance market, Bestow is a top provider to consider. With this company, you can get term life insurance online in minutes and you don’t have to endure a medical exam. The premiums can also be incredibly affordable (starting at $ 10 / month), and you can get term life insurance of up to $ 1.5 million for 10 to 30 years.
Life insurance is an essential part of any financial plan, so it is advisable to research the best life insurance companies and their offers. This comprehensive overview explains Bestow’s policy offerings, how this company works and who it is best for.
about the company
Bestow was founded in 2016 and is one of the top providers of term life insurance without a medical examination. As a specialized term life insurance provider, Bestow does not sell any other types of life insurance to consumers.
Its policies are written by the North American Company for Life and Health Insurance® which has an A + rating. It’s also reinsured by the highly rated Munich Re. This offers customers the security that Bestow can pull through in the event of a claim being reported to the insurer.
For added convenience, Bestow works entirely online and consumers can get an online quote in minutes without having to deal with a life insurance seller.
Giving away products and services
Bestow is a specialized life insurance company that offers only one type of coverage. It is not for everyone, but it offers a life insurance product that is easy for consumers to purchase and understand.
Term life insurance
Bestow term life insurance can last anywhere from 10 to 30 years and has coverage levels ranging from $ 50,000 to $ 1.5 million. Potential customers can adapt their insurance coverage to their individual needs and only buy the amount of coverage they want.
When requesting a quote, customers don’t even have to provide a lot of personal information. Get started simply by clicking “Get a Quote” and entering basic information such as gender, date of birth, height, weight and zip code.
As soon as you have entered this basic information, you will immediately receive an offer for term life insurance. However, you have the option to customize your policy from there by either increasing or decreasing the amount insured or changing the length of your policy.
When you are satisfied with your term life insurance offer, click “Next” to fill out a full life insurance application. Once approved, your contract term begins without the need for a medical examination.
Since Bestow only offers term life insurance, its policy offerings are not complicated at all. Here are some key features you should know about:
- Bestow offers a referral program for current policyholders. This program allows you to earn a gift card for every friend you refer who takes out life insurance. Bestow customers can recommend up to 10 people in total.
- Bestow offers expedited underwriting. No medical examination is required for the uncomplicated online life insurance. Instead of medical exams, it approves you for a policy based on advanced algorithms and proprietary data.
- Bestow offers a 30-day money-back guarantee. If you are not satisfied with your policy and cancel within 30 days, you will receive a refund for the premiums paid.
For whom is the best best suited?
Bestow is an excellent choice for consumers who want term life insurance with minimal hassle. Because you can fill in some basic information and get insurance coverage without a medical exam, Bestow’s offerings are ideal for busy professionals.
Note that Bestow policies are only available to those ages 18 to 60 and those convicted of felony will not be eligible for insurance. Plus, Bestow’s doesn’t offer an option for drivers, so consider other options if you want to customize your policy with drivers for Accidental Death, Accelerated Death Benefit, or something else.
Giving is best for:
- Consumers aged 18 to 60 who want life insurance with minimal hassle and stress
- Individuals who want term life insurance cover that is valid for a certain period of time, e.g. B. for their years of work
- Anyone who wants to get life insurance without going through a life insurance broker
- Consumers who conveniently manage important aspects of their finances online
Free gifts compared to other online life insurance companies
While Bestow is unique in that it only offers term life insurance online, it is not the only provider in this space. Quite a few other startups offer similar coverage options using the same hassle-free online listing system.
If you are definitely in the term life insurance market but want the best premiums, get a life insurance quote from at least two to three different companies.
|To lend||Harbor life||Ethos|
|Policies available||Term life insurance, terms of 10 to 30 years||Term life insurance, 10 to 30 years||Term life insurance, 10 to 30 years|
Guaranteed edition life insurance
|Coverage||$ 50,000 to $ 1.5 million||$ 100,000 to $ 3 million||$ 100,000 to $ 1.5 million|
Guaranteed term life insurance up to $ 25,000
|Medical examination required||No||Not always||Not always|
What you should know about term life insurance
Before buying term life insurance from Bestow or any other company, it is helpful to read up on the other types of life insurance and who they are best for. While not for everyone, permanent life insurance offers certain benefits, including lifelong policies and their ability to build cash value.
Ultimately, you may want to delve into the entire life insurance and term life insurance debate before investing in a policy.
There is a huge benefit in not having to speak to a Bestow agent before purchasing life insurance. But this also means that you have to find out some details for yourself, such as how much life insurance coverage you need.
Fortunately, a good life insurance calculator can help you determine the ideal coverage for your lifestyle by assessing factors such as your income, loved ones, and existing debts.
The bottom line
At the end of the day, Bestow is an excellent company to work with if you want term life insurance without a medical exam. Just remember that insurance coverage is only available if you are between 18 and 60 years old and that the entire application process takes place on the Bestow website.
Always compare the premiums of at least two or three other companies before making a final decision. Since term life insurance is such a tight and dry financial product with a fixed payout on demand, your main goal should be to secure the lowest monthly premiums.