Bestow Review – Term Life Insurance in Minutes (No Medical Exam)

Bestow uses data to remove doctor visits and paper work of traditional life insurance, offering you an affordable plan without the hassle. Anyone looking to find term life insurance should start by getting a free quote from Bestow.

Pros & Cons

Life insurance is one of those things that nobody really wants to think about purchasing — after all, there are more seemingly pressing issues such as paying your daily expenses or looking up the best ways to grow your wealth.

Plus, it’s been traditionally a bit of a hassle to apply for life insurance. You need to speak with an insurance agent, go through a series of probing questions and a possible medical exam.

Once that’s over, you need to wait around for weeks for a decision and pray that you’re not going to pay a lot for your premium.

The good news is that there are companies out there who have changed the way you and I get life insurance — one such company is Bestow. 

You simply go through an online application process which can provides an instant decision within minutes without a medical exam. The best news is perhaps that their premiums are fairly affordable, with policies up to $1.5 million and terms up to 30 years. 

That being said, there are a few competitors out there so let’s dive into what Bestow's term life offering can offer you and how you can tell if it’s the right choice.

What is Bestow & How Does It Work?

Launched in 2017, Bestow offers term life insurance policies which are provided by North American Company for Life and Health Insurance®. 

Available in the U.S. except for New York state, Bestow aims to make life insurance easier and more approachable for consumers by offering policies quickly and affordably.

All you need to do is to fill out their simple application form with a bunch of personal information about you.

Once you submit and with your permission, it’ll pull any available data about you and uses their algorithms in order to see whether you qualify. 

If you’re approved, you’ll be able to see the final price Bestow offers, plus you don’t need to go through a medical exam. You can even pay for your policy using your credit card, Google Pay®, or Apply Pay®. It’s that simple. 

Currently, Bestow doesn’t offer whole or universal life insurance, just term life insurance policies.

What Do I Get With My Policy Offered by Bestow?

Bestow offers the following term policy lengths 10, 15, 20, 25, & 30.  And they offer coverage amounts from 50K to 1.5MM. With each term policy a customer will get (if approved) what they choose as far as coverage lengths and amounts. 

Are There Any Other Restrictions On Who Qualifies?

Here are some criteria you need to qualify for a Bestow life insurance policy:

• U.S citizen or legal resident (it’s not available in New York) who are generally healthy
• Employed full-time, a student or a homemaker
• Between 18-60
• Be able to pay your policy every month

If you have a history of alcohol of drug abuse, cancer (other than basal and squamous cell skin cancer), diabetes before you were 40 (except gestational diabetes), heart disease, HIV, kidney disease that requires dialysis, stroke, or organ transplant, then you won’t be able to qualify. 

How Much Does Life Insurance With Bestow Cost?

The cost of a life insurance policy with Bestow will differ depending on your situation.

Everybody’s age, health, coverage amount, and term is different, which is why it’s hard to tell you specifically what it’ll cost you.

However, what we can say is that some of the most influential factors that can increase or decrease your premiums include your age, gender, height, weight, medical or health history, the term and cover amount you choose. 

According to Bestow’s website, a 10-year term  can cost as low as $8 a month (it appears as though the longer policies can cost upwards of $30 or more).

Of course, you’ll need to enter in data specific to you find out the exact costs as these are estimates.

Bestow vs. Competitors

Should I Get a Policy With Bestow?

Believe it or not, there are a few other online life insurance competitors that also offer low-cost premiums and fast decision process.

If you’re in relatively good or excellent health and are on the younger end of the spectrum (it depends on the policy) then Bestow's term life offering may be a good choice. 

Plus, if you hate the thought of having to sit down with an insurance agent and go through a medical exam and wait a few weeks, then Bestow is a way to go.

As mentioned before, premiums are pretty affordable, so that’s another bonus.

Unfortunately, if you’re not in the best shape or have had any of the major health conditions that Bestow won’t cover, then you want to check out other life insurance options.

If you’re older (over 60) then you’ll also need to look elsewhere. 

If you’re also looking for a term that’s longer than 30 years, then Bestow also isn’t the right choice for you, although the company is looking to add more choices in the future. 

Bestow's term life offering does not have many benefits to it.  The benefit is protection for your family.  Other policies with other companies do offer supplemental benefits that can be tagged onto a policy. 

That said, it’s still a good idea to get quotes from a few other places to compare and contrast to see who comes out on top.

In any case, check out Bestow’s website for more information or apply for a policy.

Life insurance quotes provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Term Life Insurance Policies offered by Bestow are issued on policy form LS181 and LS182, or state version including all applicable endorsements and riders, by North American Company for Life and Health Insurance®, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products or issues ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health to avoid requiring a medical exam.