Bestow Life Insurance Review (2024)
You can get $1.5 million in Bestow term life insurance coverage starting at just $21 a month. In this Bestow Life Insurance review, you'll learn how you can get a Bestow life insurance quote online, how to file a Bestow life insurance claim, and if Bestow is the right fit for your life insurance needs.
Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
UPDATED: Sep 18, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Sep 18, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Bestow Life Insurance Company
Average Monthly Rate For Good Drivers
$5A.M. Best Rating:
A+Complaint Level:
LowPros
- $1.5 million coverage option for no-medical exams
- sophisticated online system (quotes, application, live chat, etc.)
Cons
- Only offers term policies
- lack of policy riders
While Bestow Life Insurance only sells term life insurance, it is a good choice for customers looking for no-medical exam life insurance, as its application process is quick and easy.
Bestow Life also offers economical rates, making it one of the top cheap life insurance companies on the market for the majority of customers.
What You Should Know About Bestow
Bestow Life Insurance is one of the best companies for no-waiting-period life insurance.
With Bestow Life Insurance, customers can get different types of term life insurance quickly and easily for as low as $21 per month, making it a great option for those looking for term life insurance.
Read our Bestow Life Insurance review to learn more about if the company is the right choice for your life insurance needs.
Bestow Life Insurance, the child company of Bestow, Inc., has been around for a few decades. Bestow Life Insurance has several pros and cons, as with any of the best life insurance companies. Take a look at the company’s main pros and cons we listed below.
Pros and Cons of Term Life Insurance
| Pros | Cons |
|---|---|
| Simpler | Not very flexible |
| Cheaper | Coverage expires |
| No investment risk | No potential for cash growth |
| Online quotes easily available | -- |
| Can sometimes be purchased directly online | -- |
| No-exam options | -- |
The main thing to note about Bestow Life Insurance’s cons is that it doesn’t have very flexible policy options, as it only offers term life insurance policies. So if you were interested in Bestow whole life insurance policies or Bestow life insurance riders, you wouldn’t find them at this company.
You can read our guide on term vs. permanent life insurance to see if Bestow term life insurance fits your needs or if you need to look elsewhere.
Bestow Life Insurance Mobile App and Contact Information
Bestow Life Insurance does not offer a mobile app. However, it is easy to contact the company for assistance.
You can call Bestow Life Insurance at 800-835-8803, email the company at [email protected], or open a live chat on the company’s website.
Bestow Life Insurance Ratings
A.M. Best gave Bestow Life Insurance a strong financial rating of A+, which is excellent.
Better Business Bureau also gave Bestow Life Insurance an A+ rating, indicating that the company has a low customer complaint level. (For more information, read our “How to File a Complaint Against a Life Insurance Company“).
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Bestow Insurance Coverage Options
Now that we have covered the price of Bestow Life Insurance policies, the next aspect to cover is the coverage options available to customers.
Bestow Life Insurance doesn’t offer add-ons and riders. It only offers term life insurance policies. Therefore, its basic rates for no-medical exam Bestow life insurance will be as follows.
Instant Life Insurance Rates by Age and Gender
| Age | Sex | Monthly rate |
|---|---|---|
| 25 | Female Male | $21 $27 |
| 35 | Female Male | $25 $30 |
| 45 | Female Male | $48 $61 |
If you are looking for a company with more add-on options or whole life insurance options, Bestow Life Insurance won’t be the right fit.
Bestow Insurance Rates Breakdown
Your rates at Bestow Life Insurance will depend on your age and health status, as you can see from the average rates displayed below.
Bestow Life Insurance vs Top Competitors
| Insurer | Policy Details | $500,000 Premium | $1,000,000 Premium |
|---|---|---|---|
| Bestow | 20-year term life insurance | $33 | $49 |
| Brighthouse | 20-year term life insurance | $24 | $41 |
| Prudential | 20-year term life insurance | $40 | $60 |
| Ladder | 20-year term life insurance | $38 | $69 |
Life insurance is usually always cheaper the younger you purchase it, as insurance companies deem you less risky to insure. Therefore, Bestow Life Insurance for young adults will be cheaper than customers purchasing Bestow Life Insurance in their 50s or 60s.
Factors Affecting Your Bestow Life Insurance Rates
Other factors besides age and health that will affect your rates at Bestow Life Insurance are your choice of coverage.
If you aren’t sure how much coverage you want to purchase from Bestow Life Insurance, check out our guide on how much life insurance you need before getting a quote.
Bestow Term Life Insurance Rates
| Age | $250,000: 10-Year Term | $250,000: 20-Year Term | $500,000: 10-Year Term | $500,000: 20-Year Term |
|---|---|---|---|---|
| 30 | $11 | $14 | $14 | $22 |
| 40 | $14 | $20 | $18 | $33 |
| 50 | $26 | $44 | $42 | $79 |
| 60 | $62 | $115 | $113 | $219 |
The longer your term life period is, the more it will cost. Increasing the death benefit payout will also increase your rates.
Bestow Discounts Available
Bestow Life Insurance does not offer discounts.
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How Bestow Ranks Among Providers
Curious how Bestow Life Insurance stacks up against other companies?
Below, you can see how Bestow Life Insurance premiums compare to other term life insurance companies.
Bestow Life Insurance vs Top Competitors
| Insurer | Policy Details | $500,000 Premium | $1,000,000 Premium |
|---|---|---|---|
| Bestow | 20-year term life insurance | $33 | $49 |
| Brighthouse | 20-year term life insurance | $24 | $41 |
| Prudential | 20-year term life insurance | $40 | $60 |
| Ladder | 20-year term life insurance | $38 | $69 |
Bestow term life insurance rates fall in the middle of the competition. The average term life insurance quotes Bestow Life Insurance offers are cheaper than a few companies, but it is not the cheapest company on the list.
How to File a Bestow Life Insurance Claim
Bestow Life Insurance has a simplified claims process. You can call Bestow Life Insurance at 833-300-0603 to start the claims process or complete a claim form online.
A Bestow Life insurance agent will guide you through how to file a Bestow Life Insurance claim if you need assistance.
Frequently Asked Questions
How can I contact Bestow?
You can contact Bestow Life Insurance customer service by calling 800-835-8803, emailing [email protected], or opening a live chat.
Which U.S. states offer Bestow Life Insurance?
Bestow Life Insurance sells term life insurance in all U.S. states except New York.
Does Bestow have good customer service and financial ratings?
Bestow Life Insurance ratings are great, with an A+ from both Better Business Bureau and A.M. Best.
Can I get a no-medical exam life insurance policy with Bestow?
Yes, Bestow offers life insurance with no waiting period.
Will Bestow deny your life insurance application if you have a pre-existing condition?
Bestow offers instant life insurance that doesn’t require a medical exam, meaning you can get life insurance even with a pre-existing condition.
Does Bestow offer life insurance policies with growing cash value?
No, Bestow Life Insurance does not offer a growing cash value option with its instant life insurance policies.
How much more do smokers pay for Bestow life insurance than non-smokers?
Average Bestow Life Insurance quotes show that smokers pay about double what nonsmokers pay.
Can I cancel my Bestow life insurance policy?
Yes, you can choose to cancel your Bestow term life insurance policy at any time.
Your life insurance quotes are always free.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
