Bestow keeps things straightforward by only offering term life insurance. To purchase a term life insurance policy on its online platform, you can avoid taking a life insurance medical exam and just respond to a few health-related questions. Bestow guarantees that you'll hear back on your application quickly.
Bestow has the right to reject your request for term life insurance if you have a medical problem or are in bad health.
Life Insurance Options by Bestow
Provision of term life insurance
Level premiums are offered by term life insurance for a predetermined time frame, such as ten years. When your level term time with another company expires, you can frequently renew the insurance each year at a higher price. Bestow does not, however, promise renewability.
Additionally, a lot of term life insurance contracts give the option to upgrade to permanent life insurance. This choice is not present in Bestow policies.
For 10, 15, 20, 25 or 30 years, Bestow offers basic term life insurance with coverage limits ranging from $50,000 to $1.5 million.
Anyone between the ages of 18 and 60 who has never had a felony conviction may qualify for coverage. New York State does not have access to Bestow's coverage.
For its term life insurance products, the business gives a 30-day money-back guarantee.
Pros
- 90% of consumers receive instant approval.
- High eligibility age (60) for the $1.5 million maximum coverage amount
- Owners of the policy may use it as security for a small business loan.
Cons
- Nothing to accelerate death benefits
- There is no change to permanent life insurance.
- No promises of renewals
- Established in 2016
- Headquarters are in Dallas.
- Purchase Bestow life insurance by: Bestow policies can be accessed online via the business website.
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