Online Life Insurance Companies

Bestow life insurance review

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About Bestow

Company background: The company was founded by entrepreneurs Melbourne O’Banion and Jonathan Abelmann. O’Banion says that getting life insurance has traditionally been a four- to six-week process that involved medical exams and working with an agent. “We just thought that was crazy,” he says.

Bestow says it differs from other online life insurance companies in that it uses its own technology to underwrite the policies it offers — allowing it to accelerate the underwriting process.

Interesting tidbit: In July 2022, the insurer partnered with Empathy, a company that developed a bereavement-care platform. Bestow customers can access Empathy’s app, which helps simplify tasks, such as the end-of-life paperwork and estate administration, that arise when a loved one dies.

More details about Bestow life insurance

Policies offered:

  • Life products offered: Term life

Rates:

  • Start at $11 a month.

Insurance partners:

  • Bestow works with Munich Re and North American Company for Life and Health Insurance to provide coverage to policyholders.

Other details:

  • Ages and coverage limits: Anyone 18 to 60 years old can apply for 10- to 30-year term policies offering up to $1.5 million in coverage. You must be a U.S. citizen or hold a green card to be eligible.
  • Waiting period: There is no waiting period. Coverage is in force as soon as the policy is approved and payment is made.
  • Medical requirements: The company offers life insurance without a medical exam, although the company requires people to provide their medical history when applying for a policy.
  • Application time: The company says it can provide customers with quotes in seconds and insurance in a day.

States where Bestow is available

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States where Bestow is available
Alabama
Alaska
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Arkansas
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Colorado
Connecticut
Delaware
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Hawaii
Idaho
Illinois
Indiana
Iowa
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New Mexico
North Carolina
North Dakota
Ohio
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Oregon
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Texas
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Vermont
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Washington
West Virginia
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Wyoming
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