Bestow Life Insurance Review (2021) | Instant Coverage | No Exam!

By Sa El

Updated September 19, 2021

bestow logo

Our Verdict

5.0

Bestow Life has come out of the corner swinging with its Accelerated Underwriting, no medical exam term life insurance policies.

There are no other life insurance companies on the market like Bestow when it comes to instant approvals, no medical exam, multiple term options and large coverage amounts. 

They are backed by the A+ A.M. best rated North American Company For Life And Health Insurance and they offer 5 minute approvals that don't require a medical exam.

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 long application process.  

bestow life insurance

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. 

This detailed Bestow review will cover how they offer coverage without a medical exam, the different insurance options they have, how to get a quote fast and avoid medical exams with a completely online application.

Bestow Life Insurance Pros & Cons 

Below is a list of some pros and cons of Bestow as well as a quick overview of how to qualify for a policy.

Pros

  • Absolutely NO EXAM
  • Up To $1.5 Million In Coverage
  • 10, 15, 20, 25, & 30 Year Terms 
  • Apply Online Without An Agent
  • 5 Minute, Instant Online Approvals

Cons

  • Not In NY
  • Only Covers Ages 18 to 60
  • Bestow Only Offers Term Life 
  • Only A Few Riders Available

How To 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 18-60.
  • Choose Between 10, 15, 20, 25, & 30 Year Term Options.
  • Need between $50,000 to $1,500,000 in no exam coverage.
  • Live in any state except NY. 

It's easy to see, the Pros heavily outweigh the Cons and honestly, isn't that what you want in an insurance company?  

With a ton of different policy options, Bestow makes getting covered easy.

THE SIMPLY INSURANCE WAY

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.

Who Or What Is Bestow Insurance?

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

However, they are backed by North American. As of today North American holds an A+ (Superior) rating with A. M. Best.  

Is Bestow Insurance Legit?

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. 

North American has been around for over 100 years and was founded in 1886. So, yeah Bestow is pretty legit when it comes to the life insurance space.

Is Bestow A Good Life Insurance Company?

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 and unlike other online life insurance providers, they actually underwrite the policies they offer in-house with their own technology — accelerated underwriting

Bestow is also the only no exam carrier offering 10, 15, 20, 25, and 30 year term options with up to $1.5 Million in life insurance coverage and they have a foundation helping people.

The Bestow Foundation

Bestow heads a foundation that supports 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.

The Bestow Foundation was established in 2017 as a 501(c)(3) in alignment with their current corporate mission.

What Does Bestow Cover?

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

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 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.

15 Year Term Life Insurance Policy

The fifteen year term life option is going to cover you for 15 years before it's time to purchase a new policy. 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. 

20 Year Term Life Insurance Policy

The twenty year term life policy is going to cover you for 20 years before it's time to purchase a new policy and 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.

25 Year Term Life Insurance Policy

The twenty five year term life policy is going to cover you for 25 years before it's time to purchase a new policy.  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. 

30 Year Term Life Insurance Policy

The thirty year term life policy is going to cover you for 30 years before it's time to purchase a new policy.  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

INSURANCE WHERE YOU LIVE

Life insurance by state.

How Much Does Bestow Life Insurance Cost?

Bestow life insurance plans start at $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. Bestow offers up to $1.5 million in coverage and the most term lengths of any simplified issue policy. 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

Cell

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

Cell

Male

$52.46

$73.50

$141.00

Rates based on a male & female non-tobacco user in preferred health.

How Does Bestow Life Insurance Rates Compare?

Just to give you an idea,  I took the rates from above for a 33 year old male in perfect health looking for $250,000 in coverage and not using tobacco.

Company Name

Monthly Premium

Exam Requirement

Banner Life

$15.00

Exam Required

Mutual Of Omaha

$16.00

Exam Required

Bestow

$18.00

No Exam Required

Haven

$18.00

Exam May Be Required

Ladder Life

$18.00

Exam Required

Sagicor

$19.00

No Exam Required

Transamerica

$19.00

Exam Required

Ethos

$19.00

No Exam Up To $1 Million

Fabric Life

$20.34

No 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 you qualify, you can be covered within minutes.

Bestow Vs Haven Life Insurance

In my professional opinion, Bestow and Haven Life are at the top of the list when it comes to online term life insurance but overall Bestow is probably going to be your best choice.

This is because when it comes to instant issue coverage there is no better option and now that Bestow offers several different term length options it's a no brainer.

However, if you need more than $1.5 Million in coverage then Haven life will be your best and probably fastest option. 

THE SIMPLY INSURANCE WAY

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.

Does Bestow Payout On Claims?

Yes, Bestow offers term life insurance for 10, 15, 20, 25, & 30 year terms, if you pass away doing 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 to call them at 1-833-300-0603 to speak with one of their Customer Care Advisors.

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.

How To Get Life Insurance From Bestow?

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.

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.

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

Frequently Asked Questions


Is Bestow life insurance legit?

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.

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

What bestow life insurance covers?
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.


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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