Purchasing a life insurance policy could help reduce stress and protect your loved ones financially in the event of the unexpected, but choosing the right coverage for you can be difficult. Bestow, which we listed among the top life insurance companies for 2022, provides term life insurance with maturities ranging from 10 to 30 years.
Bestow was established in 2016 and is a provider of individual term life insurance plans. It is based in Dallas, Texas. Bestow acts as the authorised agent and collaborates with insurers that issue the insurance, including the North American Company for Life and Health Insurance.
Bestow Insurance Review
If you’re seeking for inexpensive term life insurance, Bestow is a reliable option. You can select a term length of 10, 15, 20, 25, or 30 years for its policies, which are available to those between the ages of 18 and 60.
The application process is entirely digital. During the application process, Bestow will also review your driving history, prescription history, credit report, and any prior attempts to purchase insurance in place of a medical test.
Pros
✅ Simple online application
✅ Fast quote and approval process
✅ 30-day trial period
✅ No medical exam
Cons
âž– New policies not available for older adults (60+)
➖ Doesn’t offer permanent life insurance policies
âž– Unavailable riders
The current coverage limits offered by Bestow are on the modest side, with a minimum of $50,000 and a maximum of $1,500,000. There aren’t any riders available right now. You might want to check at Bestow’s competitors if you want larger limits or to add to your existing policy.
How Much Does Life Insurance From Bestow Cost?
Bestow’s typical premiums for term life insurance are among the more cheap ones among the life insurance companies we rated.
The price of insurance typically varies and is dependent on a number of circumstances specific to you, including your age, health, medical history, gender, place of residence, family health history, and interests. Your rates may be impacted by several variables, including your way of living and participation in risky activities.
The price also depends on the duration and level of coverage you choose.
The price of insurance typically varies and is dependent on a number of circumstances specific to you, including your age, health, medical history, gender, place of residence, family health history, and interests. Your rates may be impacted by several variables, including your way of living and participation in risky activities.
The price also depends on the duration and level of coverage you choose.
Life Insurance From Bestow Cost for Seniors?
Bestow exclusively sells life insurance policies for ages 18 to 60, so if you’re 60 or older, you won’t be able to do so. For coverage, you’ll have to search elsewhere.
Typically, the cost of your life insurance will increase as you get older.
Life Insurance From Bestow Cost for Smokers?
Bestow does not have the same age limits that other insurance providers do for smokers looking to get a policy. Because smoking is viewed as a risky lifestyle choice, life insurance plans for smokers are often more expensive than for non-smokers.
Options for Term Life Insurance from Bestow
Bestow was included on our list of the Best Term Life Insurance Companies of 2022 based on a variety of criteria and elements. The range of term life insurance policies offered by Bestow is from $50,000 to $1,500,000. When the policy is bought, the covered person must be between the ages of 18 and 60. Terms are offered in 5-year increments, ranging from 10 to 30 years. You can apply for coverage of up to $1 million if you’re between the ages of 50 and 60.
Although policies aren’t renewable, you can apply for a new one if your current one is about to expire. You can apply for new insurance before the expiration of your current policy if you wish to prevent a gap in your coverage.
What is covered by Bestow’s life insurance?
Term life insurance is the sole type of life insurance that Bestow provides. The beneficiaries of the policy will get a death benefit in the event that the insured passes away. This only applies for the length of the insurance (10, 15, 20, 25, or 30 years) and up to the coverage amount.
Which riders are offered by Bestow?
The insurance riders are not available from Bestow. A typical insurance can be modified with add-ons or riders. Other insurance providers may offer riders, such as a waiver of premium or an accidental death benefit.
How long do you have to file a claim with Bestow for insurance benefits?
In general, state laws governing how long a beneficiary has to make a claim for insurance benefits must be followed by life insurance firms. Although there is no set deadline for registering a claim with Bestow, it is advised that you do so as soon as you can.
Unclaimed life insurance policies are not kept by the insurance provider forever after it learns of the insured’s passing. Unclaimed funds are transferred to the state where the insured was last known to reside after a set period of time.
Pay for death by suicide?
Normally, state regulations governing payout for suicidal death bind life insurance companies. If a suicide occurs within the first two years of acquiring an insurance, Bestow does not provide coverage. The only other significant exclusion, according to Bestow, to earning a payout from your life insurance policy is lying on your application.
Cover a drug overdose?
In general, state laws governing payment for a drug overdose bind life insurance companies. There is no particular exclusion for drug overdose deaths in Bestow.
In general, policyholders who have had their insurance for more than two years are qualified to submit a claim. However, Bestow’s policy could differ depending on the type of policy and the state, so you should get in touch with the business directly for additional details.
Can you get life insurance from Bestow if you have cancer?
You cannot be a policyholder on a life insurance plan from Bestow if you received a cancer diagnosis or treatment during the last ten years.
How Do I Buy Life Insurance From Bestow?
The price of insurance typically varies and is dependent on a number of circumstances specific to you, including your age, health, medical history, gender, place of residence, family health history, and interests. Your rates may be impacted by several variables, including your way of living and participation in risky activities.
The price also depends on the duration and level of coverage you choose.
By providing some basic information about yourself, you may request a quote online. Keep in mind that the initial quotes are rough approximations. You won’t get an official estimate on your chosen coverage unless you apply and provide information about yourself, including your citizenship, medical history, lifestyle, and interests. You’ll also need to include information about your beneficiaries, the duration of your term, and the level of coverage you want.
The essentials about yourself, such as height, weight, and health history, as well as the specifics of your family’s medical history, should be known before applying.
