Is Bestow Life Insurance a legit company? When it comes to life insurance, there are many options to choose from. Knowing which company best suits you and your family can be challenging. That’s why we’ve created this professional review about Bestow Life Insurance. As licensed life insurance agents, we’ll tell you everything you need to know about this company, including what policies they offer, how much they cost, and who is eligible for coverage. We’ll also discuss the pros and cons of choosing Bestow Life Insurance so you can make an informed decision about your family’s future.
I am a licensed life insurance agent with Bestow. My agent number is D8W27-M01.
- About Bestow Life Insurance Company
- What Policies Does Bestow Offer?
- What Does Bestow Cost?
- Who Is Eligible For Coverage?
- What Are the Pros and Cons of Choosing Bestow?
- Who Is Bestow Designed For?
- Compare Bestow With 13 Other Life Insurance Companies
- Bestow Life Insurance Review Conclusion
- Need Help Getting Life Insurance Coverage?
- Frequently Asked Questions
About Bestow Life Insurance Company
Bestow Life Insurance is a relatively new company offering term life insurance policies. It is an online-only company, meaning you can’t purchase a direct-term life insurance policy through a traditional agent or broker. In addition, Bestow does not underwrite its policies but instead relies on third-party underwriters (North American) to provide customer coverage. This means that the underwriting process is not as stringent as it would be if you applied for a policy with a traditional life insurance company. Bestow’s claim is an applicant gets a quote and applies for coverage in as little as five minutes from start to finish.
North American Company for Life and Health Insurance is rated A+ (Superior) by AM Best, A+ (Strong) with S&P, and A+ (Stable) with Fitch. So you can be sure that your policy is in good hands. They have been in business since 1886 and have an excellent reputation in the life insurance industry. Bestow Life Insurance’s BBB rating is A+, which the BBB accredits.
What Policies Does Bestow Offer?
Bestow only offers term life insurance policies. This means that your coverage will last for a set period, after which you will need to reapply for coverage. The term lengths that Bestow offers are ten years, fifteen years, twenty years, twenty-five years, and thirty years.
Applicants can purchase coverage starting at $50,000 and going up to $1,500,000. If you need more coverage than this, you will need to apply for a policy with a different life insurance company.
What Does Bestow Cost?
Bestow is one of the most affordable life insurance companies on the market. For example, a 30-year female non-smoker will be charged $17.25 a month for a $500,000 term life insurance policy which is less than half the cost of the same life insurance policy from Protective, which charges $44 a month.
Who Is Eligible For Coverage?
To be eligible for coverage with Bestow, you must be between the ages of 18 and 60. You will also need a valid driver’s license and be a U.S. citizen or legal resident (Foreign National). Bestow does not require a medical exam, which means you can get coverage even if you have health conditions that would make it difficult to qualify for a policy with a traditional life insurance company.
To be eligible to apply for a policy, an applicant must be:
- A U.S. citizen and resident and green card holders (except those in New York)
- Employed, full-time stay-at-home parent or student
- Generally healthy
- Between the ages of 18-60 for a 10-year term life
- Between the ages of 18-55 for a 15-year term life
- Between the ages of 18-50 for a 20-year term life
- Between the ages of 18-45 for a 25-year term life
- Between the ages of 18-40 for a 30-year term life
What Are the Pros and Cons of Choosing Bestow?
There are both pros and cons to choosing Bestow Life Insurance. The biggest pro is that they are one of the highest-rated life insurance companies on the market. They also have a straightforward application process, which means you can get instant coverage without a medical exam.
However, the biggest con of choosing Bestow is that they only offer term life insurance policies. This means that your coverage will only last for a set period of time, after which you will need to reapply for coverage. In addition, Bestow does not offer permanent life insurance such as whole life insurance and universal life insurance, which has a savings component to use as a future retirement income source.
Who Is Bestow Designed For?
Bestow is designed for healthy people who want high-quality, affordable life insurance coverage. They are an excellent option for healthy people who don’t mind reapplying for coverage. However, Bestow is not a good choice for people who have health conditions that would make it difficult to qualify for a policy with a traditional life insurance company.
Compare Bestow With 13 Other Life Insurance Companies
Bestow Life Insurance is great, but you want to ensure you get the lowest prices for the best coverage. That’s why it’s essential to compare Bestow with other life insurance companies. We’ve compared Bestow with 13 other companies to see how they stack up. Use our free online quoting tool to compare rates.
Bestow Life Insurance Review Conclusion
If you’re looking for an affordable life insurance policy with a highly rated insurance company, Bestow is an excellent option to consider. They have a simple application process and don’t require a medical exam. However, keep in mind that their policies only last for a set period of time. You will need to reapply for coverage once your policy expires.
We hope this guide has helped give you an overview of Bestow Life Insurance. If you have any further questions, please don’t hesitate to contact us or request a quote below, and we’ll be happy to help.
Need Help Getting Life Insurance Coverage?
If you have a preexisting medical condition and want to buy life insurance, you will need help from an expert. This person can help ensure you get coverage, so you don’t get declined.
Warning: Applying for life insurance without a medical exam can be risky. If you get declined coverage, it could be at least two years before you can get any life insurance.
Frequently Asked Questions
Is Bestow a legit life insurance company?
Bestow is a life insurance company that offers term life insurance with no medical exams. You can apply for coverage and get a decision in minutes, and if you’re approved, you can start coverage immediately. Bestow is backed by North American Company for Life and Health Insurance, one of the world’s oldest and largest life insurance companies.
Does Bestow pay out?
Yes. Bestow is backed by North American Company for Life and Health Insurance, one of the world’s oldest and largest life insurance companies. If you die while your policy is in force, your beneficiaries will receive a death benefit payout.
How do I cancel my Bestow Insurance?
You can cancel your policy anytime by logging into your account and going to the “My Policy” page. From there, you’ll see a button to cancel your policy. Once you cancel, you will no longer be covered and will not be able to reinstate your policy.
Does Bestow have cash value?
No. Bestow does not have cash value. It is a term life insurance policy, which means it only pays out a death benefit if you die while the policy is in force.
What are Bestow’s ratings?
Bestow is an A+ rated company by the Better Business Bureau and four out of five stars by TrustPilot.
Does Bestow cover accidental death?
Yes. Bestow covers accidental death. Your beneficiaries will receive a death benefit payout if you die from an accident.
Is Bestow’s life insurance any good?
Bestow’s life insurance is a great option for people who want coverage but don’t want to go through the hassle of a medical exam. The company is backed by North American Company for Life and Health Insurance, so you can be sure that your coverage is in good hands. Bestow offers competitive rates and provides excellent customer service, so you can be sure you’re getting the best possible coverage.
What types of life insurance do Bestow offer?
Bestow offers term life insurance with no medical exams. You can apply for coverage and get a decision in minutes. If you’re approved, you can start coverage immediately.
Is Bestow a good life insurance company?
Bestow is a great life insurance company for people who want coverage but don’t want to go through the hassle of a medical exam. The company is backed by North American Company, rated A+ by A.M. Best, S&P, and Fitch. There are not many better-rated insurance companies in the United States.
Where is Bestow Life Insurance login?
The Bestow login page can be found here: https://customer.bestow.com/.