Bestow Life Insurance Review 2021 | 5 Minute Life Insurance!

By Sa El

Updated January 1, 2021

bestow logo

Our Verdict


Bestow Life has come out of the corner swinging with its Accelerated Underwriting, No Exam life insurance product.

There is no other product on the market like Bestow when it comes to Instant Approvals and No Exam.

They're in line to unseat most of the heavy hitters and make several companies re-think how they underwrite insurance.

bestow logo

Our Verdict


Foresters offers a variety of life insurance plans to suit pretty much anyone’s needs, whatever your outlook on life. 

These options include basic Basic term life plans with fixed years and standard death benefits as well as Variable life plans.

We’ve put together this Foresters Life Insurance Company review to help you decide whether Foresters Financial is right for you. 


  • Apply Online Without An Agent
  • Instant Online Approval
  • Quotes To Coverage in 5 Minutes
  • Absolutely NO EXAM
  • Up To $1 Million In No Exam Coverage


  • Not In NY
  • No 30 Year Term Option Yet
  • Only Covers Ages 21 to 55

If there was one option I wish I had when I first started looking for life insurance it would have been a no exam life insurance policy.  

The one issue with purchasing life insurance has always been the process.  

bestow life insurance

With some companies, it could take up to 75 days to get covered and with others maybe 1 to 3 weeks like it took in my case.

Taking three weeks to get an answer on approval is still too long and that long wait time is a part of what makes purchasing life insurance a complete hassle.

But, there is a new answer to getting life insurance, one that allows you to get the best life insurance with no medical exam and apply instantly online for coverage.

In the age of Alibaba and Amazon, it was only a matter of time before life insurance caught up and Bestow is the answer.

Who Is Bestow? 

Bestow life was founded in 2016 by a band of finance experts, tech specialists, and licensed agents.

However, they are backed by some of the largest insurance companies in the industry. 

Their policies are issued by North American Company for Life and Health Insurance.

North American has been around for over 100 years and was founded in 1886, as of today North American holds an A+ (Superior) rating with A. M. Best.

Why Should You Care About A.M. Best?

I like to think of A.M. Best like the JD Power of the insurance industry, they have been around for over 117 years.

They rate companies based mainly on their financial strength, which can be an indicator or claims-paying ability.

Claims Paying Ability "in plain English": A Life Insurance Company's ability to pay out on a policy.

am best

What Makes Them Different?

What makes Bestow Life so different is that they are changing the way life insurance is purchased online with "TRUE" no exam life insurance policies:

Bestow has designed a brand new underwriting framework and built a first-of-its-kind experience for life insurance.

They plan to bring life insurance within reach for more people than ever before by making their process affordable, easy to understand and super fast.

No other company has an underwriting platform that is designed to function the way Bestow has set theirs up.

You will be able to get a quote, get approved and pay for your policy within 5 to 10 minutes.

This is truly unheard of in the life insurance industry and while some companies claim to offer "no exam" or "instant approval."

Bestow is the only company that has actually created both the systems and the underwriting technology to be able to offer a "True" No exam, simplified issue, instant approval and fast life insurance product.


No Exam Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get no exam life insurance coverage within minutes of getting your quotes and applying.

How Does Bestow No Exam Life Insurance Work

According to Bestow, they completely re-engineered the buying experience for term life insurance to be super simple and more affordable.

You can apply and get an instant decision in less than 5 minutes.

Unlike other online life insurance providers, they actually underwrite the policies they offer in-house with our own technology — accelerated underwriting. 

With all of their term options you will receive:

No Medical Exam

This part of the process is straightforward, you are going to answer a few questions about your lifestyle and health through their online application.

Once you do that, Bestow’s in-house underwriting platform will instantly process that data through their encrypted channels through a method called accelerated underwriting.

This in-house framework enables Bestow to adequately assess your individual risk, without a medical exam, to get an instant underwriting decision.

If you are Approved, you will get real rates, not quotes, at an affordable monthly price. 

We talk more about their super fast underwriting process and rates later in this review. 

Non-Commissioned Agents

In today's society, most people would prefer not to get 100 phone calls because they wanted to get quotes.  

However, there are going to be times when you need to speak to someone, and you want to be sure that they are sincere and that they give you information for your own benefit.

Luckily, Bestow doesn't have commissioned agents so you can be sure that they will take their time to help you and won't pressure you into anything.

Change Your Policy In The First 30 Days

You can always apply to change policy types or coverage amounts during the first 30 days of your policy.

This is a great option because it gives you time to make sure you have the exact coverage you need. 

An Easy Way To Pay For Your Policy

Currently, Bestow only offers payment by credit card.

Payments will be automatically drafted every scheduled payment day until the term is done or the policy is canceled or replaced.

Traditionally most life insurance companies only accept monthly bank draft as an option for payment.

With this new way to pay for insurance, you have more options, and it is effortless to pay for your policy and keep it in force.

Features like this make this the best life insurance policy to buy.


Life insurance by state.

Bestow Life Insurance Review (Enrollment Video)

I wanted to make sure that you could see with your own eyes how fast this process can be.

Now that the product is in the state of Georgia, I have personally gone through the process and it was super fast.

The Price Change

I do want to note that the monthly premium payment did change from what I was quoted from $10.83/month to $19.50/month.

This $9.00 per month difference comes from a few things:

Height & Weight

Remember, your height and weight hold a factor in your quote.  Me being 5'8 and weighing 185 lbs puts me at a Body Mass Index or (BMI) of 29 (Overweight).

Now, while I am in very good shape and go to the gym, the insurance company doesn't calculate "5'8 and 185 lbs of lean muscle".

So I could have been well outside the height and weight guidelines for that $10.83/month price.

It is important to keep that in mind so that you don't feel like you were bait and switched.

Your initial quote is just that... A Quote, you won't have an actual answer until you go through the process. 

And guess what, it doesn't cost anything to apply.

What Does Bestow Cover?

Bestow life offers 2 different policy options for you to choose from.

Each policy comes with the above benefits that we discussed along with coverage options from $50,000 to $1,000,000, and we discuss them below:

bestow life rates

10 Year Term Life Insurance Policy

The ten year term life option is going to cover you for 10 years before it's time to purchase a new policy.

This policy is going to be the second most affordable option with mid-range pricing and will be best for people who are looking at their short term and long term needs.

The amount of life events that can happen in 10 years is massive and being prepared for them is very important.

A 10 year term is a great starting point and locking your low rates in is going to be essential.

20 Year Term Life Insurance Policy

The twenty year term life policy will be the most expensive of the 3; however, it will still be very affordable.

This term length is going to be best for someone focused very much so on their future and want to be covered for the most extended period of time with the maximum amount of savings.

The longer a term length a policy has, the more expensive it will be up-front; however, the more savings you will get over time.

If you know what you want and can afford the twenty year term option, then I would suggest you go with the 20 year term option.

All Cause Death Benefit

All of these policies will pay out for all types of death from accidental death, terminal illness, critical illness or chronic illness.

With all insurance policies, there are some limitations so be sure to read the policy for things that aren't covered.

For instance, there is a 2 year waiting period before this policy will pay out for death by suicide. 


No Exam Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get no exam life insurance coverage within minutes of getting your quotes and applying.

How Does Bestow Underwriting Work

Bestow uses a process called algorithmic underwriting.

Algorithmic Underwriting is a fast and inexpensive approach to understanding what type of risk the insurance company will assign to you.

These risk values range from healthy to no healthy.

bestow no exam underwritting process

Instead of an actual person, (which is called an underwriter) reviewing your application and waiting for lab results, a rules-driven decision engine (the “algorithm”) reads your application answers together with available outside data to assign what type of risk you are.

This algorithm is much faster and more unbiased than human underwriting, which translates to a more convenient experience and more accurate price for you. 

What Data Will Determine Your Approval?

The products that Bestow offers relies heavily on data vendors.

They take the information from identifying verification, prescription history databases, motor vehicle reports and financial data vendors to make a decision about how risky you would be as a policyholder.

They then take that risk and place it in a few different groups like super healthy, above average, average, or below average. 

This risk assignment then determines your price on a month to month basis.

The data vendors that Bestow works with adhere to and are compliant with regulations that make sure your data is used securely and responsibly.

Below are a few reports used to determine your eligibility: 

MIB Report - This report which was previously named the Medical Information Bureau is a group of member insurance companies that share data based on when you last applied for life or health insurance in the past 7 years.  

This report is used to determine if you have been declined for insurance in the past or if you have any medical conditions not disclosed on a current application.

Prescription History Report - This report is used to check your prescription drug history against your application and how you answered your questions.  

If you say you aren't diabetic but you take diabetic prescriptions the algorithm will catch that discrepancy. 

Motor Vehicle Report - This report is used to check your driving history to see if you are a risky driver or if you have a history of reckless driving like DUI's or DWI's.

You will be presented disclosure notices that ask for your consent before any data is ordered.

So that you understand what information is being pulled, I encourage you to read these notices and reach out to Bestow's Customer Care Advisors if you have any questions.

What Can You Expect During The Application Process?

Bestow has worked with their insurance partners, designers, and engineers to design an extremely user-friendly application process for life insurance.

The application begins by checking if you are a real person (no robots), followed by questions about your health and lifestyle.

They make sure your information is protected with encryption, and they do not sell your personal information to third parties.

Once they have enough information, if approved, they recommend a coverage amount and monthly price that makes the most sense for you.

You can also decide to choose your own coverage amount and term length.

Bestow Life Rates: How Do They Compare

Just to give you an idea, below I wanted to compare one of the most popular plans out there with multiple carriers.

A 20 Year, 250,000 Term Policy for a 33 year old male in perfect health and a non-tobacco user, see the results below.

Company Name

Monthly Premium

Exam Requirement

Banner Life


Exam Required

Mutual Of Omaha


Exam Required

Haven Life


Exam May Be Required



No Exam Required

Fabric Life


Exam Required

John Hancock


Exam Required



No Exam Required



Exam Required



No Exam Up To $1 Million



Exam Required

As you can see, Bestow is right in line with the pricing of all the heavy hitters in the life insurance industry.

However, with Bestow instead of having to deal with an exam or wait weeks for an answer, if approved, you can be covered within minutes.


No Exam Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get no exam life insurance coverage within minutes of getting your quotes and applying.

How The Bestow Claims Process Works

Right now, the fastest way to file a claim with Bestow is to call them at 1-833-300-0603 to speak with one of their Customer Care Advisors.

They’ll guide you through the next steps (like obtaining a death certificate) to process your claim as quickly as possible. 

Are There Any Claim Exclusions

There are a few exclusions when paying a life insurance claim.

The exclusions include death from suicide (within the first 2 years of coverage), and high-risk activities like scuba diving, automobile or motorboat racing, and mountain or rock climbing.

Also, operating or learning to operate an aircraft as a student, pilot or crew (excluding commercial pilot).

As always, please read the policy specifics when it arrives in the mail; however, those are some general exclusions which is industry standard for most policies.

Bestow Life Availability & Policy Options

To qualify for the Bestow Term life insurance policy, you must:

  • Be A U.S. citizen or Permanent Resident between the ages of 21-55
  • 10 and 20 Year Term Options - No 30 Year Option Yet
  • $50,000 to $1,000,000 in no exam coverage
  • Available in all states except NY. 


No Exam Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get no exam life insurance coverage within minutes of getting your quotes and applying.

The Bestow Foundation

Bestow is going to head a foundation that will support families who have recently lost an income earner but didn’t have life insurance protection.

Backed by Bestow, their members, and partners, the Bestow Foundation will be committed to restoring hope and stability.

They haven't opened the foundation as of yet, but when it begins we will be sure to update this post with how to support it and become a beneficiary of it.

How To Take Action

No other Bestow Life Insurance Reviews are as long as mine; however, I wanted to make sure that I gave as much detail as possible.

With the accelerated underwriting process, you no longer have to be afraid of the life insurance buying process, it's so fast, you won't realize it's over, and your coverage has started.

As I stated above, you get 30 days after you have been approved to look over the policy and decide if it's the right thing for you and your family.

Just click on the link above to get started.

Sa El

About the author

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 12 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.

Sa El

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