Bestow is new to the life insurance marketplace.  It is a simple online platform that gets people quality non-medical life insurance coverage faster than ever before.  The policies are underwritten by North American Company for Life and Health Insurance.  North American has an A+ (Superior) rating for financial strength from A.M. Best. 

• Competitive level 2, 10, & 20 year term life insurance policies from $50,000 to $500,000.
• Coverage in minutes
• No medical exam
• A great monthly rate with no cancellation fees

• High-value term life insurance policies backed by North American A+(Superior) by A.M. Best
• Easy to use online life insurance application platform boasting  fast underwriting decisions with no medical exam
• The Bestow application takes a few minutes to complete. If approved, you choose the monthly payment and enter your credit card information.

• Only represents one company (North American).  You cannot compare other company’s costs on Bestow's website.
• Issue age restrictions.  Must be age 45 or younger to be eligible to purchase a 20 year term.  Must be age 55 or younger to purchase a 2 or 10 year term.
• Only term life insurance policies.  No permanent life insurance (policies that last a lifetime).
• All policies sold by Bestow will expire by the time you are age 65 (average life expectancy for Americans is 78.7 years)
• No riders or supplementary coverage

1. Are Bestow’s rates competitive?
   YES.  Bestow term life insurance rates aren’t the lowest available, but they are consistently better than average when compared to those of the top insurers.  In addition, Bestow applicants may qualify for more coverage -up to $500,000- without a medical exam and pay significantly lower premiums verses a typical no exam policy.
   
   
2. Does Bestow have good customer service?
   YES.  Their website portal is very efficient in handling the life insurance application / underwriting process.  They also provide a toll free number if you need to talk to a customer care representative.
   
   
3. Will applying to Bestow hurt my credit score?
   No. Insurers look at the data behind your credit score (like timeliness of payments or if you’ve filed for bankruptcy), but not your credit score itself.  The request for this data is only a soft credit inquiry and doesn’t impact your credit.
   
   
4. Are there any customer complaints about Bestow?
   YES & NO.  If you fit their profile and get approved for the coverage,  it will be an easy buying experience.  You will be happy and have no complaints.  If you are rejected, you will not be happy which might generate complaints.
   
   
5. Is Bestow's website good, safe and reliable to use when buying life insurance?
   The Bestow platform appears to be safe and secure. This is an assumption based on reputable backing. 
   
   
6. What happens when I turn 66 years old?
   Your coverage will expire.
   ​
7. What happens if Bestow can not offer me coverage?
   ​If Bestow can not offer you coverage due to age, health, etc., they will provide a link to Policygenius as an alternative.​

​Ladderlife.com —an insurtech startup, founded in 2015— offers policies issued by Fidelity Security Life Insurance Company.  Fidelity Security Life Insurance Company has an Excellent (A-) rating for financial strength from A.M. Best.  

• High-value term life insurance policies
• An easy to use online life insurance application and management system.
• Fast underwriting decisions.  LadderLife’s application takes around 20 minutes to complete.  Once complete, the applicant will either receive an approval, a rejection, or a request for a medical exam.
• Ability to increase or decrease coverage online as your financial needs change.

• Only represents one life insurance company. The policies are issued by Fidelity Security Life, but Ladder controls the underwriting and risk analysis.
• Not eligible if older than age 60.
• Only term life insurance policies.  No permanent life insurance
• No riders or supplementary coverage
• Most communication with the company happens online.  They do have a live chat option (with actual people) as well as a phone number posted to call in. That said, the applicant could go through without having to communicate with anyone, but Ladders team is available to help or answer questions if anything comes up. They're salaried, not commissioned, so their role is help, not sell. 

1. Are Ladder’s rates competitive.
   YES.  Ladder’s term life insurance rates aren’t the lowest available, but they are consistently better than average when compared to those of the top insurers.  In addition, Ladder’s applicants may qualify for more coverage without a medical exam and pay significantly lower premiums verses a typical no exam policy. 
   
   
2. Does Ladder have good customer service?
   IT APPEARS SO, YES.  Ladder's website portal appears to be very efficient in handling the life insurance application / underwriting process.  While an applicant could go through without having to communicate with anyone, there is a team available (a live chat option, as well as a phone number posted to call in) to help answer questions, if anything comes up.  They're salaried —not commissioned— so their role is help, not sell. 
   ​
3. Are there any customer complaints about Ladder?
   YES & NO.  Check the reviews on Trustpilot.
   ​
4. Is Ladder’s direct-to-consumer online platform a good, safe, and reliable place to buy life insurance?
   YES...  But, in fairness —as with all insurtech startups— it may be 'too soon to tell'.  Based on the "backing" (i.e. the reputation of Fidelity Security Life Insurance Company), we can only assume Ladder's platform is safe and that their offerings are reliable.

$1 MILLION
$1MIL 30YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$1MIL 20YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$1MIL 15YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$1MIL 10YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow​

$500,000
$500K 30YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$500K 20YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$500K 15YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$500K 10YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250,000
$250K 30YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250K 20YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250K 15YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250K 10YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100,000
$100K 30YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100K 20YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100K 15YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100K 10YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

Haven Life was founded in 2015.  Their parent company is Mass Mutual which has a Superior A++ financial strength rating from A.M. Best Rating Services.

• Applicants under age 60 – eligible up to $3 million in coverage.
• Applicants over age 60 – limited to $1 million in coverage.
• Applicants limited to $1 million* in coverage if the policy is purchased entirely online.

• Quick application and approval process.
• No medical exam required for some customers.
• Fast approval for healthy applicants under the age of 45.
• Competitive rates for excellent, good, and average health profiles.
• Policies for 10, 15, or 20 years are available for ages 18 to 64.  30 years is available for applicants under the age of 50.

• No permanent life insurance offered.
• Those who need more than $2 million in coverage.
• Those who need less that $100,000 in coverage.
• Applicants with pre-existing conditions.
• Not available over the age of 65.

Haven Life’s online process uses an algorithm and artificial intelligence to instantly review your application.  You may have an approval with out a medical exam in less that 1 hour if you are under the age of 45 and need less than $1 million in coverage.

Haven Life will reach out to any physicians, hospitals, pharmacies, pharmacy benefit managers, consumer reporting agencies or any other entity that possesses prescription or medical and financial information for the purpose of evaluating the applicant’s eligibility for insurance.
​
Not all applicants will avoid the medical exam.  Some applicants may be required to be complete a company provided medical exam.  The applicant may or may not receive temporary coverage with a preliminary price in the meantime. The final price will come once the exam results are reviewed and the policy is approved.  A full refund is provided if the applicant is declined for coverage or does not want the policy.