Life insurance is a fantastic tool that may provide financial security to your family if the worst happens and you die away. It will help your family meet immediate financial responsibilities and replace any income you earned in the short or long term.
Unfortunately, purchasing life insurance may be a time-consuming process. You may be asked many questions and, in certain situations, be subjected to a medical examination.
Thankfully, there is a life insurance service called Bestow out there that is attempting to make obtaining life insurance both figuratively and faster and less unpleasant.
What is Bestow?
Bestow is a life insurance firm that strives to make the process of obtaining life insurance as straightforward as possible. To underwrite the life insurance policies they sell, they rely on big data rather than medical exams and needles.
Their mission as a firm is to make life insurance more accessible and human. They accomplish this by providing an easy-to-understand application that you can complete online in a matter of minutes. Bestow aspires to offer life insurance in minutes rather than weeks.
North American Company for Life and Health Insurance provides the plans that Bestow offers. A.M. Best has given this company an A+ (Superior) rating, which is the second-highest grade available among the 15 categories that A.M. Best evaluates.
Who needs life insurance?
Life insurance pays a lump sum of money to your designated beneficiaries (usually your spouse or children). This money can be used to pay for the funeral, supplement your income, or pay off any lingering debts.
Anyone with dependents, rely on their income, such as children, a non-working spouse, or aged parents, should consider purchasing life insurance.
What kinds of insurance can you get via Bestow?
Bestow is a company that specializes in quick life insurance. It employs algorithms to determine whether you qualify and set the fee based on information from your online application and readily available data about you (with your permission).
Without having to take a medical exam, anyone who qualifies can get coverage right immediately. In particular, Bestow currently offers quotes for 10, 15, 20, 25, and 30-year term life insurance policies. You can apply for these policies in as little as five minutes.
The coverage available on the life insurance policies ranges from as little as $50,000 to as much as $1,500,000. Bestow is available in every state in the US except for New York.
How much does Bestow life insurance cost?
Bestow’s insurance is somewhat more expensive than medically underwritten policies because no medical exams are required.
Based on Bestow’s initial life insurance pricing based on age, gender, height, weight, location, term, and the coverage amount, below are some example quotes for a healthy individual:
- Male, 25 years old, 6’0″, 190 lbs, 10-year term, $500,000 policy – $22.08 each month
- Male, 25 years old, 6’0″, 190 lbs, 20-year term, $500,000 policy – $25.00 per month
- Female, 25 years old, 6’0″,135 lbs, 10-year term, $500,000 policy – $14.58/mo
- Female, 25 years old, 6’0″, 135lb, 20-year term, $500,000 policy – $17.50/mo
- Male, 22 years old, 6’0″, 190 lbs, living in Florida, 10-year term, $250,000 policy – $12.71 each month
- Male, 22 years old, 6’0″, 190 lbs, 20-year term, $250,000 policy – $14.58 each month
- Female, 22 years old, 5’5″, 135 lbs, 10-year term, $250,000 policy – $9.58/mo
- Female, 22 years old, 5’5″ 135 lbs, 20-year term, $250,000 policy – $11.25/mo
How to Apply for Bestow Life Insurance?
If you believe Bestow is the correct life insurance for you, you can apply for it online in a few minutes. Steps are mentioning below to apply for insurance.
- To acquire a quote, start with some basic information.
- Request a quote for your monthly insurance premium.
- Create an account using your email address and a password.
- Use your email address and a password to create an account.
- Answer the following ten questions regarding your way of life.
- Sign and provide your Social Security number.
TERM LIFE
Term life insurance is always a popular choice as it is the least expensive type of life insurance. Whenever you buy a term life insurance policy, you obtain coverage for a set period.
Your beneficiaries will get a death benefit if you die within the policy’s term. On the other hand, your beneficiaries will receive nothing if you die before the covered term ends.
You can purchase a term life policy via Bestow with a $50,000 to $1.5 million benefit and a term duration of 10, 15, 20, 25, or 30 years. You can apply for coverage online, and if granted, your coverage will start immediately.
Why use Bestow?
Life insurance is a significant investment, and numerous companies may assist you in obtaining it. The following are the main advantages and disadvantages of utilizing Bestow for your life insurance needs:
Policy on Cancellation
After the policy is issued, many insurance firms offer a 10-day free look period. You can cancel your insurance without penalty and receive a full refund during the free look time.
Bestow offers a 30-day money-back guarantee. You will get a full refund if you cancel your insurance within 30 days of its issuance.
You can cancel at any moment after the 30 days without incurring cancellation costs. However, you will not be reimbursed for the premiums you paid. It is not possible to cancel a policy online. Call customer care at 833-300-0603 to cancel your policy.
Customer Support
Bestow offers various customer support options if you need help applying for coverage or managing your insurance after it’s been approved. You can reach out to a team member by calling 833-300-0603 or using the live chat function.
Also, reach us at team@bestow.com. You may see policy paperwork, make payments, and alter your beneficiary through Barstow’s member portal.
Complaint Index
The National Association of Insurance Commissioners publishes corporate complaint ratios once a year. The ratio represents the number of complaints received by firms with their market share of insurance.
A company with a ratio of more than 1.0 received more complaints than usual, while a company with a ratio less than 1.0 received fewer.
The Bottom Line
If you don’t have life insurance, and even if you have, it’s never a bad idea to receive a free quote from Bestow.
Getting a Bestow quotation could help you locate a more cheap policy or, if you decide to go forward with the policy, it could help you rapidly acquire the life insurance coverage you require.
Also Read
FAQ
What is Bestow
Bestow is a life insurance firm that strives to make the process of obtaining life insurance as straightforward as possible.
How to Apply for Bestow Life Insurance?
If you believe Bestow is the correct life insurance for you, you can apply for it online in a few minutes. Steps are mentioning below to apply for insurance
- To acquire a quote, start with some basic information.
- Request a quote for your monthly insurance premium.
- Create an account using your email address and a password.
- Use your email address and a password to create an account.
- Answer the following ten questions regarding your way of life.
- Sign and provide your Social Security number.