Bestow Life Insurance Reviews: A Comprehensive Guide

When it comes to buying life insurance, the options can seem overwhelming. With so many providers and policies to choose from, it’s important to do your research to find the best fit for you and your family. In this article, we’ll be taking a closer look at Bestow life insurance, one of the newer players in the market. We’ll cover everything from their policies and rates to what customers have to say about their experiences. Let’s get started!

What is Bestow Life Insurance?

Bestow is a digital life insurance company that aims to make buying life insurance quick and easy. Everything is done online, from applying for coverage to managing your policy. Their mission is to make life insurance accessible to everyone, regardless of their income or background. Bestow was founded in 2016 and is headquartered in Dallas, Texas. They are licensed in all 50 states and have an A- rating from A.M. Best, a leading credit rating agency.

How Does Bestow Life Insurance Work?

Bestow offers term life insurance policies, which means you pay a set premium for coverage that lasts for a specific period of time. Their policies are designed to be simple and transparent, with no medical exams required. Here’s how it works:

1. Visit the Bestow website and answer a few questions about your health, lifestyle, and financial needs.
2. Based on your answers, Bestow will generate a quote for the coverage amount and term length you requested.
3. If you’re satisfied with the quote, you can complete the application online and pay your first premium.
4. Once your application is approved, you’ll receive your policy via email. You can manage your policy online, including changing your coverage amount or term length as needed.

It’s important to note that Bestow does have certain eligibility requirements. You must be between the ages of 21-54 and in good health to qualify for coverage. If you have a pre-existing medical condition or engage in high-risk activities (like skydiving or rock climbing), you may not be eligible for coverage.

What Types of Policies Does Bestow Offer?

Bestow offers two types of term life insurance policies: Level and Instant.

Level Term Life Insurance

Level term life insurance is Bestow’s most popular policy. It provides coverage for a set period of time (10 or 20 years) and has a fixed premium that remains the same throughout the term. This means you’ll know exactly how much you’ll pay each month and won’t have to worry about unexpected rate hikes. You can choose a coverage amount between $50,000 and $1,500,000, depending on your needs.

Instant Term Life Insurance

Instant term life insurance is a newer offering from Bestow. It provides coverage for a shorter period of time (2 years) and has a variable premium that may change based on your health and other factors. Instant policies are designed for people who need coverage quickly and may not be able to qualify for a traditional term policy. You can choose a coverage amount between $50,000 and $500,000 with an Instant policy.

Bestow Life Insurance Rates

One of the biggest advantages of Bestow is their competitive rates. Because they are a digital company with low overhead costs, they are able to offer affordable premiums to their customers. Your exact rate will depend on a variety of factors, including your age, health, and lifestyle habits. However, we’ve included some sample rates below to give you an idea of what to expect:

Age	Gender	Coverage Amount	Term Length	Monthly Premium
30	Male	$250,000	20 years	$11.00
40	Female	$500,000	10 years	$19.00
50	Male	$1,000,000	20 years	$79.00

These rates are based on a healthy, non-smoking individual. Your actual rate may be higher or lower depending on your individual circumstances. It’s important to get a personalized quote from Bestow to get an accurate idea of what you’ll pay.

Bestow Life Insurance Reviews

Now, let’s take a look at what customers have to say about their experiences with Bestow. We’ve scoured the internet for reviews from real Bestow policyholders, and here’s what we found:

Positive Reviews

• “I was hesitant to buy life insurance online, but Bestow made the process so simple. Their rates were affordable, and I was able to get coverage in just a few minutes.” – Sarah
• “I appreciated how transparent Bestow was about their policies and rates. There were no surprises, and I felt like I knew exactly what I was getting.” – John
• “Bestow’s customer service was excellent. They were responsive to my questions and made the whole process easy.” – Anna

Negative Reviews

• “I had some trouble with the online application process, and it took longer than I expected to get approved for coverage.” – Michael
• “I wish Bestow offered longer term lengths. The 20-year policy was the longest option, and I would have preferred a 30-year policy.” – Mary
• “I didn’t like that Bestow required me to link my bank account to pay my premiums. I would have preferred to use a credit card.” – David

Overall, Bestow has received positive reviews from their customers. However, as with any life insurance company, there are some negative experiences as well. It’s important to weigh the pros and cons of any policy before making a decision.

Bestow Life Insurance FAQ

Here are some frequently asked questions about Bestow life insurance:

Is Bestow a legitimate life insurance company?

Yes, Bestow is a legitimate life insurance company that is licensed in all 50 states. They have an A- rating from A.M. Best, which is a reputable credit rating agency.

Do I need a medical exam to qualify for coverage?

No, Bestow’s policies do not require a medical exam. You will need to answer some health questions during the application process.

How do I pay my premiums?

Bestow requires you to link your bank account to pay your premiums. They do not currently accept credit card payments.

What happens if I miss a premium payment?

If you miss a premium payment, Bestow will send you a notice of cancellation. You will have 30 days to make the payment before your policy is canceled.

Can I change my coverage amount or term length?

Yes, you can manage your policy online and make changes to your coverage amount or term length as needed.

Conclusion

Overall, Bestow is a solid choice if you’re looking for affordable term life insurance that you can buy online. Their policies are simple and transparent, and they’ve received positive reviews from their customers. However, it’s important to weigh the pros and cons of any policy before making a decision. We hope this guide has been helpful in your search for the best life insurance policy for you and your family.