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BestMoney.com
Bestow Life Insurance Review
Reviews 918
Bestow
Bestow
Excellent
Reviews 918
Bestmoney Staff
May. 19, 2021
2 min read
BestMoney Staff
Bestow summary
Bestow brings the process of buying term life insurance entirely online. With this company, you don’t have to go through an agent to buy life insurance or submit to a medical exam. Answer some questions and Bestow will offer you instant quotes for policy options with up to $1.5 million in coverage. There are some limitations, though. Bestow only issues policies to people between 18 and 60 and terms are limited to 10 and 30 years.
Pros
  • Apply online in minutes
  • No medical exam required
Cons
  • Only term life insurance available
  • Does not issue policies to individuals over 60

Bestow at a glance

4.6
Editorial score

Coverage type

Offers either term or whole life insurance. Term life can be be for up to 30 years.
4.0

Customization of policies

Customizable rates and deductibles, some upgrades and downgrades available
4.0

Customer services and support

Multiple communication options and a dedicated agent
5.0

Online experience

Online fast application, learning resources, access to rates before application
5.0

Direct insurer?

Yes, direct insurer
5.0

Suitable For?

Individuals who want coverage immediately

Bestow’s online application is quick to complete and you can sign up for a policy instantly.

Healthy individuals who don’t want a medical exam

Bestow never requires a medical exam or blood work to offer you a policy.

Younger individuals who want affordable coverage

Bestow is available to anyone between the ages of 18 and 60 and offers low-cost policies.

Features

Bestow distinguishes itself by digitizing the entire process of applying for term life insurance. Whereas most traditional life insurance companies make you talk to an agent and schedule a medical exam, Bestow lets you apply online, delivers a quote online, and doesn’t require a medical exam. The company’s data-driven approach saves quite a bit of time and can also save young, healthy individuals money on premiums.

Bestow only offers term life insurance, but the policies are still customizable to your needs. Coverage is available from $50,000 to $1,500,000 and you can choose between 10- and 30-year terms.

More features include:

  • Apply and sign up for coverage entirely online
  • No medical exam required
  • Coverage options from $50,000 to $1,500,000
  • 10- and 30-year term life insurance policies available
  • Premiums start as low as $16 per month

Application Process

Bestow offers a fast and easy online application. You can apply from any device and get a quote from the company instantly. In fact, the application takes users an average of just 3 minutes. If you’re happy with the policy and price, just pay online by credit card to start your life insurance coverage right away.

So, what information do you need to provide as part of your application? Bestow requires:

  • Your name, date of birth, email, and Social Security Number
  • General medical history and answers to questions about your lifestyle
  • Details about your beneficiaries
  • Credit or debit card information to pay for your policy (if you decide to go with Bestow)

Policy Types and Terms

Bestow only offers term life insurance, which covers you for a set number of years. If you pass away during the term covered by the policy, your beneficiaries receive the designated benefit amount. If you outlive the policy, you won’t get any payout or refund on the premiums you paid.

Bestow lets you choose the term and coverage of your policy. The company offers 10- and 30-year terms and benefit amounts that vary from $50,000 to $1,500,000. Premiums can vary widely, but Bestow advertises policies as inexpensive as $16 per month.

Keep in mind that Bestow’s policies are not renewable. If your policy with Bestow ends before you turn 60, you can sign up for a new policy with the company. However, your premiums may be significantly higher if you are 10 or 20 years older than when you first signed up with Bestow.

How Safe Is It?

It’s worth noting that Bestow runs a soft credit check as part of the application process. However, this won’t affect your credit score. The company will also pull data from third-party databases. For example, Bestow might collect information about your history of medical prescriptions, your driving record, and your education. The company uses this data in lieu of a medical exam to calculate your life insurance policy offer.

When it comes to buying life insurance, signing up with a fairly young company can feel like a big risk. But Bestow is backed up by two of the largest reinsurers in the US: Munich Re and North American Company for Life and Health Insurance. Both of these reinsurers have been around for decades and hold A+ ratings from A. M. Best. That offers peace of mind that no matter what the future holds for Bestow, your policy will be honored in the event of your passing.

Bestow itself has an A rating with the Better Business Bureau. The company takes digital security safely and processes payments through Stripe with advanced encryption. All of the third-party databases that Bestow access to get data about you are compliant with HIPAA and the Fair Credit Reporting Act. In addition, Bestow asks for your consent for each data disclosure before accessing the databases.

Help and Support

Bestow offers support by phone, email, and live chat, although the company doesn’t make it clear what hours the support team is available. You can also find answers to a variety of common questions on the company’s detailed FAQs page. 

Bestow at a Glance

Bestow makes it easy to apply for term life insurance online, without going through an agent or dealing with a medical exam. You can get coverage up to $1.5 million and choose between 10- and 30-year terms for your policy. Bestow’s data-driven approach to building quotes results in low rates and instant offers. Most customers can get approved for a life insurance policy in just a few minutes and your coverage starts as soon as you pay for your policy.

Address

750 North St. Paul Street 

#1900

Dallas, TX 75201

BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
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See what some costumers are saying about Bestow
Bestow
Excellent
Reviews 918
on
Excellent
88%
Great
5%
Average
1%
Bad
6%
consumer-image
rio
2 months ago
Hassle-free
Hassle-free. I love it!
M
michelle kemp
2 months ago
VETERAN PTSD DISCRIMINATION!!
How does a company not offer life insurance to VETERANS BASICALLY? Veterans with PTSD are not a disease. Since when does it mean we aren’t eligible for life insurance. Because of the trauma we’ve seen in combat we aren’t eligible to get insurance. Somebody explain this to me. Not that I should have to explain what caused me to get PTSD WHILE PROTECTING MY COUNTRY! It doesn’t make me unhealthy enough for life insurance!!
s
scott lowe
3 months ago
Ease of use
Ease of use NO medics exam
c
customer
3 months ago
The process was quick and painless.
The process was quick and painless.
T
tera mcallister
3 months ago
So easy to get my life insurance…
So easy to get my life insurance started! Highly recommend!
K
kelly
3 months ago
Process was simple and fast
It was quick and easy and I like that they give you the pricing information and let you know immediately if you are approved.
c
customer
3 months ago
Fast and easy
Best two things were ease of application process and speed of approval notification/policy delivery
B
bruce robinson
3 months ago
Very easy experience !!
Very easy experience !!
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dylan riback
3 months ago
So far so good!
So far so good, very easy to set-up a policy and quick, modern process/website. I was impressed by how quick I was able to get a policy.
c
customer
3 months ago
Very easy to apply
Very easy to apply. Fixed rates and good coverage. Very pleased so far.
S
sean owen
3 months ago
Poor product offering for clients
Not an overly modern offering for an online focused insurance company. Wanted to increase coverage and that's not allowed after 30 days of a policy being established. Inquired about an additional policy, and at this time they do not allow more than one policy per customer. Not very helpful to customers. If you plan on needing to evolve your life insurance needs, clearly this is not the company.
B
brandon
4 months ago
Same headaches as traditional insurance
Was hoping for a more modern/better insurance experience with Bestow. Have paid our premium with no issues for over a year. Go out of town for 2 weeks and my bank puts a hold on my credit card due to suspicious activity, which apparently causes my monthly Bestow payment to fail. Rather than sending me a simple email advising me of the payment issue and asking me to update my payment details (like every other online service), I get a letter in the mail telling me my account is in a grace period and will be cancelled for non-payment and that I need to call customer service to get it resolved. This happens literally a week after my first ever declined charge. Same headaches and red tape as traditional insurance.
P
paul
4 months ago
Straightforward and very fast
Straightforward and very fast. Could not be any easier.
M
mike s.
4 months ago
Great rates and service
Your agent was pleasant and helpful. The rate was good and the application process was easy.
C
claude baye iii
4 months ago
Our Agent was great and made the…
Our Agent was great and made the application process easy and quick.
S
sara
5 months ago
STAY AWAY!!!!
STAY AWAY unless you are ready to pay 3-4 times the initial quote. Even if you have a glamouring application and you have all the good answers, if there is a tiny issue within the last 10 years, they won't ask you if it was treated and resolved and when and triple the price. I am very healthy, fit & active and all my numbers are perfect and ZERO meds and quoted more than 3 times the initial quote after they got all my personal info. BE AWARE!!!!
h
henrietta sims
5 months ago
Excellent service and very easy to…
Excellent service and very easy to apply for a policy. You all made a difference.
R
raymond
5 months ago
Very easy to set up
Very easy to set up
F
frank
5 months ago
No personal available on weekends
Ok would have been great to talk to someone to answer 1 or 2 questions
S
sparky
7 months ago
Quick, Easy, Painless, and Truly Exam-Free
Not the best price out there, but certainly the quickest, relatively competitive, and no time spent getting to someone’s office to get a physical.
consumer-image
pedro tecum
7 months ago
Excelente funcion
Excelente funcion
M
michelle mendez
7 months ago
If you use prescription meds they will…
If you use prescription meds they will not approve you. Waste of time and now they have my personal information.
M
melissa iles
8 months ago
I had no issues with any part of the paperwork that I had to fill out
I had no issues with any part of the paperwork that
R
rolando ania
8 months ago
Effortless life insurance
Effortless life insurance. The way it should be. Also, a very supportive and friendly customer service support if you ever need them after policy is issue. Highly recommend!
s
sakthi
8 months ago
Good value for money
Good value for money
L
lb
8 months ago
Sooooo easy
Sooooo easy And reliable insurance provider
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joseph b
8 months ago
Waste of time
Sent me a mailer with the headline "Think term life insurance isn't for you? Well guess what, it's not! They declined my application.
c
customer
8 months ago
The whole process was easy and simple.
The whole process was easy and simple.
D
dana edwards
8 months ago
So far the sign up process was easy and…
So far the sign up process was easy and seems to be a pretty good and quick procesd
R
r j 283
8 months ago
This company should be avoided at all…
This company should be avoided at all costs. They sold us a policy, took payments for a year, then decided that we didn't really buy the policy, that my husband didn't know anything about the policy, and canceled it. What kind of scam is this place running? They refused to return emails, phone calls, or answer the formal complaint I filed with the Texas insurance commission. They're disgusting people and should be sued out of business.
c
customer
8 months ago
Quick and easy!!!
Quick and easy!!!
M
m. rosario
8 months ago
Online experience was simple without…
Online experience was simple without being too wordy and overwhelming. The price point was reasonable. I would recommend Bestow to anyone looking for life insurance that’s simple and affordable.
D
diana
8 months ago
I made the right choice with Bestow
I was delaying getting life insurance due to having so many options. I couldn’t decide on a company. Bestow was recommended by credit karma and after researching bestow and the life insurance company they use, I decided to sign up. It was very easy and quick. I answered health questions and was given a quote. After that, I decided on the amount and length of coverage, then gave info about my beneficiary and lastly put my payment info. Once I did all that, I received an email with my life insurance policy that was about 30 pages long. All the info I needed was in there. I feel much more comfortable knowing my loved ones are covered should anything happen to me. I would recommend Bestow to anyone that is considering getting life insurance.
S
saran
8 months ago
Quick processing
Quick processing, great rates.
A
aditya r arjula
9 months ago
Excellent company
Excellent company
c
customer
9 months ago
Life insurance enrollment a breeze
Great customer service and turn around time.
M
meg s
9 months ago
Simple!
Purchased a supplemental life policy and it was so easy! Thank you, Bestow!
c
customer
9 months ago
Very easy to buy insurance
Very easy to buy insurance, the way it should be.
M
maya ns
9 months ago
Really awsome easy to get through 0…
Really awsome easy to get through 0 hassle!
c
customer
9 months ago
It was easy to get insurance
It was easy to get insurance. The process was simple and easy to get understand.
c
customer
9 months ago
Very simple and easy process from…
Very simple and easy process from application to approval.
c
customer
9 months ago
A quick and easy application process…
A quick and easy application process they gave me a call a few days after the application process to see did I have any questions so far so good...
S
susanne mcilwain
9 months ago
I’m normally a pessimist and a…
I’m normally a pessimist and a procrastinator. I’ve recently decided to put my trust in a very necessary place. I believe that life insurance is very important for the loved ones we leave behind. Thank you for making this process so easy
J
jim b
9 months ago
Bestow made it quick and easy!
Bestow made it super simple to review and purchase the ideal amount of life insurance for us at a reasonable cost. Much appreciated!
D
david rivera
9 months ago
Great service
Great service
c
customer
9 months ago
Simple and easy.
Simple and easy.
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camouflage marine
9 months ago
Credit Karma recommended me Bestow and…
Credit Karma recommended me Bestow and even tough im in the military and have life insurance with them I can feel even better with Bestow and knowing im covered on all sides. Overall a easy and awesome process and easy to read and understand.
c
customer
9 months ago
Fast
Fast, easy, painless and affordable.
c
customer
9 months ago
very quick and easy got my coverage set…
very quick and easy got my coverage set up immediately.
c
customer
9 months ago
This was a very fast and easy process
This was a very fast and easy process. My actual rate was a bit higher than the quote but that’s understandable being they didn’t have my information.
T
tce
9 months ago
EASY STRESS FREE PROCESS
EASY STRESS FREE PROCESS. QUICK APPROVAL & SET UP.
R
roman alvarez
9 months ago
Great
Great. They were helpful and carring. Good customer service
K
kutler starnes
10 months ago
Bestow is the GOAT!
Dude. This was a breeze. Bestow is the real deal.
B
becky
10 months ago
Buyer beware, they were unable to assist me with buying additional coverage due to technical limitation on their end
They were unable to assist me with buying more coverage from Bestow to add on to an existing policy I already have with them due to technical limitations in their system, not because I couldnt qualify. Said theirs a technical limitation om their end that if you ever want to buy another policy from them or add coverage to an existing bestow policy you can't after 30 days. Said they can't even cancel your existing policy and sell you a whole new policy. Horrible business practice and I've never heard of a company not wanting or being able to sell you more of their product if you qualify of course, due to a technical error... buyer beware with Bestow, one you buy a policy you can never make changes or add coverage or buy a new policy again so make sure you know exactly what you want when you first purchase or don't have any life changes down the road because bestow can't accommodate them.. I've never heard of a company doing such a thing and not being able to sell you more of a product they sell, craziness. Definitely not recommending bestow to friends/family or local agents I know bad customer service. Hire a coder or IT manager to fix your technical limitations for crying out loud.
c
customer
10 months ago
As I stated in other reviews
As I stated in other reviews, I was bit by the "age at your nearest birthday" problem. I originally wanted a 20 year policy, I filled out the initial quote late at night 6 months and 2 days before my birthday. After taking a day to compare some other offers, and research how I should best distribute my beneficiaries, I signed back in 10 hours after my "nearest birthday" changed and was no longer able to select a 20 year policy. I would have appreciated a WARNING or at least a NOTE stating that my 20 year option was only an option for 22 hours, had I been notified of that, I would have been quicker accepting the offer. When I tried to ask for some assistance from customer support, I was summarily dismissed. No suggestions to reach out to "underwriting" no offers to see if something could be worked out, no checking with a manager to see if an exception could be provided, with or without a higher premium. Merely, this is the policy, these are the cutoffs, tough luck you got screwed, but, hey, we'll still allow you to spend a boat load of money for a 15 year policy, and, if all goes well, you'll outlive the 15 year policy and we won't have to pay anything out.
D
dk
10 months ago
Easy to purchase
Easy to purchase, affordable premiums. Whole family bought term life insurance on Bestow and feel very protected.
c
customer
10 months ago
Easy peasy!
Easy peasy! Took less then 20 min to get approved.
I
iam dunnigan
10 months ago
A true diamond in the rough
A true diamond in the rough. Thanks for the piece of mind (at an affordable price) guys!
H
happy happy joy joy
10 months ago
Customer service is top notch
Customer service is top notch, friendly and will work with you. Best experience getting life insurance. I would rate 10 stars but the best I can give is 5.
D
danyel
10 months ago
Highly recommended
The application process was very simple. The rates are very reasonable I was approved in minutes I like the fact that everything can be done online. Bestow appreciates you as a customer. You have the convenience of online access with the personal touch of customer service if you need them
D
david smith
10 months ago
Beware of "calculated age" policy
I signed up for my life insurance policy and was very excited to have been approved for a 1 million dollar 20 year policy. It took me a couple days to determine which of my cards I would use to setup my recurring payment and whether I should list my child as a second beneficiary or not. Whelp, it just so happens that I received my quote 2 days before my "calculated" age changed. Apparently the calculated age is your age at the time of your nearest birthday. In that 2 day period, my calculated age shifted from 50 to 51 (you know because 6 months before you are 51, they claim you are 51). Had I know that the 20 year option was going to disappear in a matter of 36 hours, I would have sped up my beneficiary and payment decisions and would have been a happy camper. However, after chatting with support and asking to speak with someone higher up in the chain, I was basically told, too bad, so sad, you're now 51 so no one can do anything about getting what you want. At this point, I am just a dissatisfied customer hoping that this expensive 15 year gamble will actually pay out.
c
customer
10 months ago
Easy set up and affordable to boot!
Easy set up and affordable to boot!
c
customer
10 months ago
Easy process
The process was very straight forward, I really appreciated.
A
andrew dennis
10 months ago
So easy to do
So easy to do! I'm not Tech savvy, so having understandable steps was awesome!!
I
irene massey
10 months ago
Friendly and easy to understand
Friendly and easy to understand, time wise it’s was a breeze
J
jh
10 months ago
It's easy and good price
I got approved within 5 minutes for a great term, coverage, and cost for my budget. I also had an issue with my application of something didn't record properly, and the phone support was near-instant and no run arounds and it was resolved.
B
beyond contracting
10 months ago
Your relentless emails over the last…
Your relentless emails over the last year or so :) finally sparked the conversation again ! I previously Had a little over 1 million in coverage but started crunching numbers and realize it wasn’t enough !
c
customer
10 months ago
Simple
Simple quick
N
nina
10 months ago
They were kind
They were kind, fast and friendly. Not out to get the signature but understood what I really wanted. Thank you
B
brandon
10 months ago
Great and quick service!
Great and quick service!
c
customer
10 months ago
It was a smooth process and quick.
It was a smooth process and quick.
c
customer
10 months ago
No one even sent me anything stating…no one
No one even sent me anything stating what is covered or anything
T
terri
10 months ago
Very quick and painless way to obtain…
Very quick and painless way to obtain insurance needed for our SBA loan. Highly recommend!!
S
stephen ames
10 months ago
Easy and affordable.
Easy and affordable.
L
l w
10 months ago
The Bestow service was absolutely…
The Bestow service was absolutely informative and thorough. I appreciated the reminders and other information provided after the policy issued. I continue to get updates as well.
T
tina tidwell
10 months ago
Great services and quick and easy…
Great services and quick and easy process
C
crystal kim
a year ago
Single mom, CEO, Epileptic that's always denied except once...
I am a single mother who also happens to be a business owner with lots of people dependent on me. No one would insure me because I have epilepsy, even though it's well controlled and I haven't had a seizure in over a decade. Bestow allowed me to have the life insurance I really needed for my children to continue our family business after I am gone. My policy is a bit on the pricey side but I think it's fair overall. At least I'm finally covered and that's priceless.
c
customer
a year ago
Very simple and easy to sign up.
Very simple and easy to sign up.
c
customer
a year ago
Simple
It was Very easy to shop and select a plan.
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ariel reese
a year ago
Easy and fast
Easy and fast
c
customer
a year ago
I’m very happy with the process
I’m very happy with the process, very easy!
c
customer
a year ago
Easy as 1,2,3
Easy to set up. Answer some questions, select policy, and you are all set. Very simple process
c
customer
a year ago
Very happy with the shopping experience
Very happy with the shopping experience
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pete ogint
a year ago
Family first
Life insurance is peace of mind for family as a father and husband. Thank you for your business.
H
harlon patton
a year ago
Two Thumbs Up 👍👍
This is the way true online term life insurance should be! Super easy & super fast!!
c
customer
a year ago
Easy and quick!
Easy and quick!
C
customer
a year ago
Sooooo easy
Sooooo easy. They make it a very very easy process. Customer service is excellent and quality reps have always been quick to respond with any questions or requests I have. Would recommend.
D
david bodewin
a year ago
Customer Service
I have 4 annuities with Bestow Life. Two are in my name and 2 were in my wife's name (I am the beneficiary). I have been a customer for many years and a couple of years ago we started taking payments over 10 years. In July my wife past and the payments stopped in August. I filled out the forms as beneficiary and after several attempts to get the forms right I was told everything was in order. I received the back payments for 1 of the 2 contracts but for unknown reasons even to Bestow I have not received the back payments for the second contract. For the last 2 months I have called at least weekly and have been told over and over again that the problem is being corrected. Bestow is now behind 7 months (over $6000). In addition, I have asked for 1099's and I keep being told that they have been sent, but for some reason they never arrive. Thus, I cannot file my income tax for 2021. I have asked for annual statements and have been told they don't send out statements for the type of account I have (very strange). David Bodewin
c
customer
a year ago
Very easy to use and great customer…
Very easy to use and great customer service
A
angela batterson
a year ago
Life insurance made easy.
I thought that purchasing life insurance would be a difficult thing to do. Bestow made the process quick and easy. I answer a few questions, selected the amount of my coverage, and paid. I feel secure now knowing my children and spouse will be protected in the event something happens to me. It is priceless protection at an affordable rate that puts all my fears to rest.
r
ron entrup
a year ago
I am pleased with the simple process…
I am pleased with the simple process and quick results. I am happy with the pricing. I would recommend getting a quote if you are thinking of getting a policy.
c
customer
a year ago
Everything went quickly and smoothly
Everything went quickly and smoothly. No complaints. Al Montana
c
customer
a year ago
Extremely Easy Process
Very pleased! This was easier than stopping at the store to buy a water.
c
customer
a year ago
Easy process and informative
Easy process and informative
D
demetria roca
a year ago
I’ve been wanting to get term life…
I’ve been wanting to get term life insurance for a long time now but it never happened, I thought it’s too much of a hassle . I never imagined that I can easily get approval in minutes online at an affordable amount !
J
jb
a year ago
Very quick and simple application…
Very quick and simple application process. Great rates.
C
caitlin t
a year ago
Easy process!
Bestow Life Insurance was easy to obtain and is very affordable. Very pleased so far!
N
nick a
a year ago
Easy!
The process couldn't have been more simple and straightforward. The only way for a healthy young adult to purchase life insurance, as far as I'm concerned! -Nick, 34
c
customer
a year ago
Didn’t explain what this company is
Didn’t explain what this company is. I need a refund please.
c
customer
a year ago
Phenomenal process
Phenomenal process