Do you need life insurance? You could have a policy of $1.5 million in as little as 5 minutes when you apply through Bestow.
Bestow is a newer online term life insurance company that is focused on offering low cost online term life insurance in minutes. Leveraging technology, they offer a variety of term life insurance options at low cost.
See why Bestow makes our list of the top online term life insurance companies here.
But before you head to the site, you need to know what you’re getting into. Below we explain what you need to know about Bestow.
- Online term life insurance for a low cost
- Rates as low as $10/mo
- Up to a $1,500,000 term life insurance policy
Bestow Life Insurance
10, 15, 20, 25, 30 Year
What Is Bestow?
Bestow is an online life insurance company that sells low-cost life insurance. People taking out a policy from Bestow will not have to take a medical exam to put a life insurance policy in force.
As such, they are one of the few providers that offer a 100% online experience.
They are currently available in every state except Florida.
What If I’m Not Perfectly Healthy?
If you’re not perfectly healthy, you may still qualify for life insurance through Bestow. The application only screens for major diseases (heart disease, cancer, HIV, etc.) however.
Can I Get the Right Kind of Insurance Through Bestow?
Bestow offers term insurance policies. These include 10, 15, 20, 25 and 30-year level term. You can get insurance if you're 18-59 years old with Bestow.
The insurance agency offers up to $1.5 million in term life insurance policies, but you may not qualify for a full $1.5 million. I initially filled out the application as a homemaker making $50,000 per year from a side hustle, with a $500,000 policy in force already. As a result, I only qualified for an additional $500,000.
Now, $1 million in total life insurance may seem like a lot, but it’s quite a bit less than I think most parents of young children should have. Simply putting all three of our kids in full-time daycare would cost $50,000 annually, not to mention the loss of wages.
Bestow recently updated their term length as well. You can get a 10, 15, 20, 25, or 30 year term policy.
If you’re a 25-year-old, a 20-year term policy will only take you to age 45. 20 years is long enough for you to lose your health, but you may not be financially independent by 45. That means you’ll need to qualify for life insurance at age 45 too.
Bestow only takes care of the level term life insurance.
How Does Bestow Compare?
Bestow differentiates itself by offering low-cost term life insurance policies that don't require a medial exam. As a result, this may not be the best choice for everyone. But if you're younger and healthy, they could be a great choice with an incredibly easy application process.
A unique feature of Bestow is their partnership with Empathy, a platform which helps families deal with loss, both emotionally and logistically.
According to a press release, "Through the partnership, Empathy's app and premium services are available to beneficiaries in 20 states at no cost—providing additional layers of emotional and administrative support when dealing with loss. Beneficiaries and up to 9 friends or family members can use Empathy's app to assist with many end-of-life tasks, including filing a life insurance claim, planning a funeral, and writing an obituary."
When comparing life insurance, make sure you shop around and see the list of the best online life insurance companies.
Check out Bestow compares:
10, 15, 20, 25, 30 Year
10, 15, 20, 25, 30 Year
10, 15, 20, 30 Year
Final Take on Bestow
If you’re short on time and don’t want the hassle of a doctor's visit, blood test, or medical exam apply for term life insurance through Bestow. Because they don’t require a medical exam, their rates are often very low but may not be as low as a “fully underwritten” quote from a provider which does require an exam. As long as you’re honest on the application, you may qualify for up to $1.5 million in a term life insurance policy at a great rate.
Min Policy Amount
Max Policy Amount
10, 15, 20, 25, 30 Years
Partnership With Empathy
Empathy's app and premium services available to beneficiaries for free.
Available states where Empathy is offered: AL, AR, CA, FL, GA, ID, IN, IA, KS, ME, MS, NE, NV, NH, NM, ND, OH, OR, VT, and WV.
Online Account Management
Bestow Life Insurance Company
AM Best Rating
Nationwide, except New York
Customer Service Phone Number
Customer Service Hours
750 North St. Paul Street #1900
Dallas, TX 75201
Policies are issued by Bestow Life Insurance Company, Dallas, TX on policy form series BLI-ITPOL. Bestow Life Insurance products may not be available in all states. Policy limitations or restrictions may apply. Not available in New York. Our application asks lifestyle and health questions to determine eligibility in order to avoid requiring a medical exam. Prices start at $10/month based on a 18-year-old male rated Preferred Plus NT for a $100k policy for a 10-year term. Rates will vary based on underwriting review.
Bestow Life Insurance Review
Ease of Use
Products and Services
Bestow is an online life insurance platform that has competitive rates and terms. They have policies starting at just $16 per month.
- Easy to apply online term life insurance
- Policies start at $16 per month
- Only offer term life insurance
- May not work for complex situations
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared toward anyone wanting to earn more, get out of debt, and start building wealth for the future.
Editor: Clint Proctor Reviewed by: Claire Tak