Free Expert Review on Bestow Life Insurance – by Simply Insurance™

Read our expert review of Bestow Life Insurance. We give Bestow an overall rating of 4.66 out of 5 stars for their insurance policy. Learn more!

Written By Licensed Agent Sa ElMay 8, 2022

Are you under 64 and shopping for life insurance?  This is our full expert review on Bestow Life Insurance. You’ll find out everything you need to know before applying for their insurance policy: the good and the bad.

Here’s what we’ll cover in our detailed Bestow review:

bestow review

We gave Bestow Insurance an overall rating of 4.66 out of 5 stars, keep reading to find out why and to discover what Bestow Insurance is.

What Is Bestow Life Insurance?

Bestow is a life insurance carrier that was founded in 2016 by a team of finance experts, tech specialists, and licensed agents. They sell term life insurance policies and they are the blueprint when it comes to purchasing life insurance online.

Bestow Insurance is number 1 when it comes to:

  • no medical exam insurance
  • 100% online application
  • instant 5 minute approvals
  • multiple term options
  • and large coverage amounts

The company offers up to $1.5 million in coverage and the most term lengths of any simplified issue policy.

Are they legit?

Bestow is backed by North American Company For Life And Health Insurance and as of today, North American holds an A+ (Superior) rating with A. M. Best. North American has been around for over 100 years and was founded in 1886.

In 2020 Bestow raised $50 million and also became the first fully digital life insurance carrier in the U.S. after obtaining a carrier license.

So, yeah Bestow is pretty legit when it comes to the life insurance space.

Why Should You Choose Bestow?

They provide you with a convenient application process and offer affordable life insurance rates.

Not to mention, Bestow insurance policies are provided by an A+ rated carrier (North American) on A. M. Best.

What does this mean?

This Superior A+ rating for Bestow Life Insurance means the company has a high ability to payout claims.

No Medical Exam Required

The only 100% no medical exam term life insurance.

Bestow will offer you coverage right away without having to draw blood, take a medical exam or wait for test results.

With a ton of different policy options, Bestow insurance makes getting covered with no medical exam required very easy.

No Personal Info Needed - Get Quotes Instantly

The final insurance policy premium for any policy is determined by the underwriting insurance company following the application.

100% Online Application

You can apply without the need to talk with an insurance agent. And that’s not all. Bestow offers up to $1.5 million in coverage and the most term lengths of any simplified issue policy.

Get Up To $1.5 Million In Coverage

Bestow offers $50,000 to $1.5 Million in term life insurance coverage with terms of 10, 15, 20, 25, and 30 years. What else? They do it super fast. Think accelerated underwriting.

You Can Be Insured Within Minutes

You can get a quote in just a few seconds. Unlike other online life insurance providers, they underwrite the policies they offer in-house with their own technology. And you will get instant coverage upon approval.

Let’s have a look at the terms they offer.

Bestow Insurance Terms Review

We reviewed each of the 5 insurance plans offered by Bestow. And we offer you our expert opinion on which plan you should choose based on your needs.

The 10 Year Plan

This policy is going to be the most affordable option with low pricing and will be best for people who are looking at their short term needs. A 10 year term is a great starting point and locking your low rates in is going to be essential.

The 15 Year Plan

This policy is going to be the second-most affordable option with low to mid pricing and will be best for people who are looking at their middle to long term needs. A 15 year term is a great option if you are starting a family or expect to have a baby soon. 

The 20 Year Plan

The twenty year term life policy will be in the middle when it comes to costs between the 5 different options; however, it will still be very affordable. The 20 year term length option is going to be best for someone focused on their future and want to be covered for an extended period of time with the maximum amount of savings.

The 25 Year Plan

When it comes to cost, the premiums will be the second highest out of all the options. The 25 year term length option is great if you want to lock in your savings and are trying to protect a mortgage or a family with kids going to college.

The 30 Year Plan

When it comes to cost, the premiums will be the most expensive out of all the options. However, it's also going to lock your rates in for the longest and give you the most savings. The 30 year term length option is great if you want to lock in the most savings and are trying to protect your mortgage or family.

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.

THE SIMPLY INSURANCE WAY

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

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Coverage in minutes.

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

Our Review On Their Policy Rates For 2022

Bestow life insurance plans start at around $10.17 per month for $250,000 in coverage for a 33 year old female and $14.96/month for a 33 year old male. We cover a few Bestow life insurance rates below:

Bestow Life Insurance Rates For Men & Women

Age

Gender

$250,000

$500,000

$1,000,000

25

Female

$10.79

$14.75

$23.50

Cell

Male

$17.04

$23.08

$40.17

30

Female

$12.04

$16.83

$27.76


Male

$17.88

$24.75

$43.50

35

Female

$14.13

$19.75

$33.50

Cell

Male

$18.71

$26.42

$46.83

40

Female

$22.88

$27.25

$48.50

Cell

Male

$29.96

$38.50

$71.00

45

Female

$31.63

$38.08

$70.17

Cell

Male

$41.21

$50.17

$94.33

50

Female

$40.38

$55.58

$105.17


Male

$52.46

$73.50

$141.00

When it comes to instant issue coverage there is no better option than Bestow.

COMPANY NAME

MONTHLY PREMIUM

IS AN Exam requireD?

Banner Life

$13.00

Exam Required

Mutual Of Omaha

$14.00

Exam Required

Haven Life

$14.00

Exam May Be Required

Bestow

$16.00

No Exam Required

Fabric Life

$16.00

Exam Required

John Hancock

$17.00

Exam Required

Sagicor

$18.00

No Exam Required

Transamerica

$18.00

Exam Required

Ethos

$20.00

No Exam Up To $1 Million

Prudential

$21.00

Exam Required

As you can see, Bestow is right in line with the pricing of all the top life insurance companies.

The Pros And Cons

After carefully studying their application process, available plans and policy rates, we put together a list of Pros and Cons for choosing Bestow Insurance:

Bestow Life Insurance Pros

Why should you choose Bestow? They completely re-engineered the buying experience for term life insurance to be super simple and more affordable.

And it gets better, you also 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. 

We recommend choosing Bestow Insurance because:

  • absolutely no medical exams
  • up to $1.5 million in coverage
  • 10, 15, 20, 25, & 30 year terms 
  • apply online without talking to an agent
  • 5 minute, instant online approvals
  • no personal info needed for a quote
  • 30 day money-back guarantee

But we must be transparent and tell you about the Cons as well:

Bestow Life Insurance Cons

There are a few negative aspects you should know about (but the Pros heavily outweigh the Cons). Some things to consider:

  • their policies are not available in New York
  • Bestow offers only term life insurance
  • no additional riders available
  • only covers ages 18 to 64

Based on all these factors, below is our final rating for Bestow Life Insurance.

Our Final Rating For Bestow Life Insurance

Here are our thoughts on life insurance issued by Bestow:

The Company

Bestow insurance is backed by an A+ rated carrier on A. M. Best which means payouts are guaranteed.

We rate the insurance company a 4.8 out of 5 stars.

The Application Process

With no medical exam required, a 100% online process, instant quotes and accelerated underwriting, Bestow offers a convenient and easy way to get insured.

We rate the insurance application process a 5 out of 5 stars.

Risk Assessment

Based on the risk you take when applying for an insurance policy, we rate Bestow a 5 out of 5.

Why? Their 30 days money-back guarantee allows you to decide if it's the right fit for you and your family. During those 30 days you can cancel anytime.

Life Insurance Rates

Bestow is right in line with the pricing of all the top life insurance companies and has affordable rates.

For the cost of life insurance we give them a 4.5 out of 5 stars.

Terms And Coverage

Insurance terms and coverage amounts are limited, this is why we give Bestow Insurance a 4 out of 5 stars for their policy options.

Overall Score

Based on the 5 factors we reviewed, Bestow Life Insurance got a final rating of 4.66 out of 5 stars.

With this rating, we can highly recommend Bestow as being one of the top insurance companies out there. Have you decided on getting a quote? It takes only a few seconds.

INSURANCE WHERE YOU LIVE

No Exam Life insurance by state.

Apply Right Now!

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

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

How Can I Qualify For A Bestow Policy?

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

  • Be A U.S. Citizen Or Permanent Resident Between The Ages Of 18-64
  • Require A 10, 15, 20, 25 Or 30 Year Term Option
  • Need Between $50,000 To $1,500,000 In No Exam coverage
  • Live In Any State Except NY

Where Can I Apply?

Just click here to get a life insurance quote from Bestow or use any of the buttons above.

Frequently Asked Questions


Does Bestow Insurance Offer Life And Health Insurance?

No, Bestow only offers term life insurance for now. Bestow also doesn't offer any permanent life insurance products. 

Does Bestow Life Insurance Payout On Claims?

Yes, Bestow offers term life insurance for 10, 15, 20, 25, & 30 year terms, if you pass away during your term, your beneficiary will be paid out the death benefit of your policy.  

How Do I File A Claim?

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

Does Bestow Insurance Offer Life And Health Insurance?

No, Bestow only offers term life insurance for now. Bestow also doesn't offer any permanent life insurance products. 

What does a life insurance medical exam consist of?

A life insurance medical exam consists of a detailed questionnaire and a full physical exam which includes checking your height & weight, blood pressure, taking a urine sample and also drawing blood. Depending on your age you might also have to take a resting EKG test to check your heart.

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.

Is Bestow life insurance legit?

Yes, Bestow life insurance is legit; in fact, In 2020, Bestow raised $50 million and also became the first fully digital life insurance carrier in the U.S. after obtaining a carrier license.  So, yeah Bestow is pretty legit when it comes to the life insurance space.

What does Bestow life insurance cover?

Bestow life insurance offers up to $1.5 Million in term life insurance coverage with terms of 10, 15, 20, 25, and 30 years. If you qualify, Bestow will offer you coverage instantly without needing to take a medical exam.

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