Life Insurance

Bestow Life Insurance Review

Editor's Note

You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

Most people have a love-hate relationship with insurance. While many enjoy the benefits that come along with the coverage of health insurance, renters insurance, automobile insurance, etc., seeking the best policy at the right price can intimidate people.

Life insurance is something many people avoid because of the taboo and unpleasantness attached to it. Ultimately, this vital component of insurance can sustain one’s family long after their death. That is why Bestow seeks to make the process simpler.

Keep on reading for an in-depth review of Bestow.

What Is Bestow?

Bestow is a company that was founded to make purchasing term life insurance coverage more straightforward and less of a hassle.

The company claims to make the whole process easy and affordable while shortening the time-consuming process by eliminating the requirement for medical examinations, lengthy applications, and much more.

To offer fast service, Bestow provides a single product - life insurance. This is different when compared to other online insurance platforms, but this feature is what makes the company’s service so fast.

It’s important to note that Bestow only offers term life insurance policies. It does not offer any form of permanent life insurance (whole life, etc.). If you’re looking for permanent life insurance, check out our article on whole life insurance here.

Bestow Pricing and Features

With Bestow life insurance, you can choose between the 2-year coverage and 10 or 30-year coverage (in 5-year increments). The details of each of the Bestow policies are listed below:

  • 2-Year term life policy: This plan offers a minimum coverage of $50k with maximum coverage of $500k. The starting price for this coverage is $3 per month in premiums. This plan is meant for students, people in-between jobs, new business owners, and anyone in need of short-term life insurance.
  • 10 or 30-Year term life policy: These plans have a minimum coverage of $50k and maximum coverage of $1 million with premiums starting from $8 per month. This is a comprehensive coverage plan for people seeking long-term life insurance.

The company claims to have re-invented the purchasing experience of life insurance and made it super simple and affordable.

You can apply and get an instant response within 5 minutes. The company also utilizes an accelerated underwriting technology that is unique in the insurance industry and can process applications faster.

Their features include:

Accelerated Underwriting

Typically, insurance companies make use of an actual person called the underwriter who reviews your application manually. The process employed by Bestow is not only speedy but also eliminates human bias, giving you a fair price.

The platform makes use of a process called algorithmic underwriting, which can process information more quickly and inexpensively to determine your risk category.

No Medical Exam

The medical part of the process is simple and asks straightforward questions related to health and lifestyle choices. Most importantly, Bestow does not require a medical exam. This will be a major advantage to many purchasers. But also consider the fact that, without a complete understanding of your medical situation, you may end up paying more in premiums than you would otherwise.

Upon completion of the medical section, the underwriting platform will process the information and calculate your personal risk without a medical exam to give an instant decision.

Read More: Best No Medical Exam Life Insurance Companies

Change Your Policy at Anytime

During the term of your policy, you have the freedom to change policy types and/or coverage amounts. This feature allows you to adjust your insurance coverage based on changes in your real life.

Changing a job, getting married, or going through a divorce are all life-altering events that require a change in policy type.

Hassle-Free Payment Option

Bestow allows payment by credit cards, Apple Pay and Google Pay. Payments are automatically deducted until canceled, replaced, or term completion.

Signing Up for Bestow

The application process for Bestow takes up only a handful of minutes. For instance, if you choose the two-year plan, it will ask questions such as:

  • Name
  • Telephone number
  • State of residence
  • Height and weight
  • Place of birth
  • Medical history
  • Social security number
  • Beneficiary
  • Tobacco use

The design of each question was user-friendly, and a single question being asked on a single page makes filling in the application a straightforward process. The design of each page makes the experience more enjoyable rather than daunting.

Their website also saves your progress and allows you to pick up where you left off if need be. The whole process from start to finish takes about 5 minutes.

Bestow is only available in the United States. You can use their service anywhere in the country except in New York.

Want an easy, no-hassle way to get life insurance from the comfort of your own home? Behold - we give you Bestow.

Bestow Alternatives


Policygenius is a platform that allows you to compare quotes from different insurance companies all in one place. Applicants who get rejected from Bestow have the option to check out Policygenius.

The platform functions differently from other insurance comparers that let users apply for a quote only to be bombarded with emails and calls. Policygenius has a different take. The company functions as an insurance broker, and they will walk you through the entire purchasing process instead of passing you directly to the insurer.

You get the option of accessing quotes online from the comfort of your home while getting the personalized service offered by a broker.

Besides insurance services, the company also provides a wealth of options on different insurance products to help you make a better-informed decision. You can read our Policygenius review here.


Secure your financial future today with a dependable and affordable term life insurance policy from Ladder. It promises to help you locate a life insurance policy for as little as $5 per month. Get a free life insurance quote by answering a few simple questions for about five minutes.

Over time, you can alter term life insurance policies if you choose to increase or decrease coverage. This is advantageous if you want to get married or have children in the future.

Whatever your financial responsibilities, you may want to save money on life insurance. So, it makes sense to get a basic policy from Ladder that fits your current requirements. And, if you need more protection down the line, you can easily apply for additional coverage from within your Ladder account. Because you can alter your policy at any time, Ladder provides you with flexibility. To learn more about Ladder, be sure to read our full review.

Haven Life

Haven Life is a term life insurance company that’s backed by MassMutual or its subsidiary C.M. Life, which has excellent financial ratings. It offers term life insurance for 30 years with coverage up to $3 million (applicants aged 60 to 64 can get $1 million in coverage) and provides coverage throughout the United States.

When an insurance company can confirm that you’re in excellent health, your term policies will cost less each month. Its insurance calculators let you quickly estimate how much life insurance you may expect to pay. If you’re still undecided whether or not it will fit your budget, use this tool before applying.

Unlike the comparison engines, you are truly purchasing your insurance through Haven Life. However, the online application does take somewhat longer than other applications. It asks for more information about your medical and driving history and other specific details.

Who Is Bestow For?

Designed for people seeking life insurance coverage without going through the usual hassle, Bestow dramatically reduces the time required to make a purchase.

Healthy individuals between 21 and 54 are their ideal target market and have the highest rate of acceptance.

However, if you are seeking more personalized plans due to complex needs, you will need to explore other options.

What Are People Saying?

Third-party reviews are some of the best ways to evaluate a company’s service offering. Reviews offer an unbiased perspective of a company so you can decide whether its offerings are right for you. Most customers will be happy to learn that Bestow has received positive reviews from trusted sources.

Bestow is Better Business Bureau Accredited Business, and holds an A+ rating with the service. Better Business Bureaus rankings are based on a point scale out of 100, and A+ represents a score over 97. The score considers various factors related to good business practices, such as complaint history, time in business, transparency, licensing, and more.

Bestow also holds a 4.7/5 rating on TrustPilot, which is an aggregate service that gathers customer reviews from those who have experience with the company. 4.7 represents very positive customer experiences.


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What is Term Life Insurance?

Bestow only offers term life policies, which are decidedly more simple than other types of life insurance (such as whole life insurance). Term life insurance policies last for a defined term that is set-out at the beginning of the policy. The person pays a monthly premium over the course of the policy (which is also set at the beginning) and receives a defined death benefit if they die at any point during the policy’s life. If they outlive the policy, it expires.

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What Are The Advantages of Term Life Insurance?

Many of the primary advantages of term life insurance lie in its simplicity. It is often much faster for an underwriter to determine your eligibility for the policy. In Bestow’s case, not even a medical exam is required (although many other insurers require this). Additionally, the details of the policy are clearly outlined from the outset, making it easier for consumers to understand and compare policies. Bestows premiums and benefits are locked in from the start of the policy and do not change.

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At What Age Does Term Life Insurance End?

There comes a certain age that term life insurance policies become too risky for insurers to provide, although the specific age differs depending on the insurer. With Bestow life insurance, anyone aged 18 to 60 can apply for a policy.

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What Riders Can You Add to Your Bestow Life Insurance Policy?

Currently, Bestow does not offer any riders on any of their policies. Their official website says to check back often to see if this changes, but we wouldn’t expect this to change any time soon.

Bottom Line

Bestow is the perfect solution for people seeking life insurance at their convenience. Their basic quote feature allows people to get an idea of prices and coverage options without having to put in contact details.

Their fast application process with no medical examination is changing the landscape of how people view life insurance.

Disclosure: Neither Bestow nor North American Company for Life and Health Insurance were involved in the preparation of the information in this article. The opinions and ideas expressed in the article are those of the author(s) and are not promoted or endorsed by Bestow or North American. You should always seek professional advice before making a financial decision.

Chris Muller

Chris Muller

Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015. He's also built and run a digital marketing agency, focusing on content marketing, copywriting, and SEO, since 2016. You can connect with Chris on Twitter @moneymozartblog.

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