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
PROs & CONS — BESTOW LIFE INSURANCE
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
FREQUENTLY ASKED QUESTIONS ABOUT BESTOW
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.
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.
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.
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.
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.
What happens when I turn 66 years old?
Your coverage will expire.
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.