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Bestow Life Insurance Review

Last modified: Sep 29, 2022

Overall Raiting: 8.4
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Financial Strength: A+
BBB Rating: A+
Coverages: 9/10
Flexibility: Customizable Term Length
Discounts: Available for bundles
Support: Phone, Email, Live Chat
User Ratings: 8/10
Availability: Available in 49 states
Pricing: Priced a little higher

Bestow offers life insurance services online. The company sells its policies through the North American Company for Life and Health Insurance, which is a certified insurance provider. It is an A+ rated insurer, and the company is also Munich RE certified.

Here, we compile Bestow life insurance reviews into one detailed article. This article talks about the company, its services, pros, cons, and customer reviews. Have a look.

About Bestow

As mentioned earlier, Bestow is a Dallas-based startup that launched in 2017, offering term life insurance policies across the nation (except New York, yet if you need your coverage there, see New York life review). 

The overall company reputation and consumer satisfaction rate is pretty good, and it is generally considered as one of the best life insurance companies around. It is particularly fit for those looking for quick life insurance solutions without extensive tests or medical exams.

How We Reviewed

To bring you an accurate review, we follow the following four steps: 

  1. We visit the company's website and determine the coverage types, benefits, and discounts offered by the company. We review the layout to find out whether it is user-friendly, detailed, and straightforward, or is it only for tech-savvy clients.
  2. We then ask for quotes with different variables to find out the higher and lower-end price points.
  3. We also study Bestow life insurance ratings and customer reviews to gauge the market reputation and customer satisfaction rates.
  4. Lastly, we collect data on the company's financial strength as it is essential in identifying the company’s ability to pay out claims.

Where Is It Available?

Bestow life insurance headquarters are in Dallas, Texas. The online life insurance seller provides insurance to residents all across the U. S. except for New York. Essentially, the company operates in 49 states plus Washington, D.C. 

Bestow is a standalone company that sells insurance policies by the North American Life and Health Insurance Company, which is also one of Bestow's investors. The complete list of investors includes Valar Ventures, Sammons Financial, New Enterprise Associates, Morpheus Ventures, Core Innovation Capital, and 8VC.

Life Insurance Review

Bestow company is simplifying the life insurance purchase process. The company offers a contactless insurance purchase experience where the customer completes the whole process at their own pace. It takes just a few minutes to complete the application. 

The company offers only life insurance policies. But what makes the service exceptional is the fact that they don't require detailed medical checkups and test results to provide coverage. The company also does not limit you to purchase the policy for a set number of years. You can opt for short term to long term coverage depending upon your requirements. 

The no medical exam life insurance policy makes Bestow a particular favorite among customers. In fact, the company was labeled the best start-up of 2020, as identified by company employees. The company specializes in term policies making it an ideal option for those looking for short term coverage. 

You can opt for an insurance policy for a period of as short as 2 years. The maximum term Bestow provides coverage for is 20 years for those under 45 years of age. The company is working toward adding longer-term coverage options as well.

However, a significant drawback with Bestow is that it only offers term life insurance online. You don't have the option of purchasing whole life insurance, permanent, single premium, universal life, or other insurance options. 

Though the procedure for getting coverage is simple and very ideal for the modern individual with little or no time to spare, the options are limited.

You will also be missing out on some other coverage options, such as burial or final expense life insurance. Plus, the company holds the right to deny customer coverage. In fact, applicants diagnosed with or treated for cancer in the last 10 years are most likely not to get coverage from Bestow. 

Life Insurance Pricing

Bestow life insurance rates are pretty affordable. Because Bestow only offers term policies, it allows customers to dictate the premium they will pay and the coverage they opt for. Life insurance by Bestow is customizable and affordable. You can get insurance coverage from $50,000 to $1,000,000. It also offers really low premium rates starting from around $16 per month, making it a very affordable option. 

However, the company does not offer coverage for more than $ 1 million. There is also an age limit for coverage. People aged 45 or above cannot opt for the 20 years coverage. Those aged 55 and above may have difficulty obtaining the 10-year coverage and may have to stick to the 2-year term plan.

All insurance policy pricing varies by state, and Bestow is no different as per Bestow life insurance reviews. The rates are also customized based on your health history and answers about your lifestyle that you provide the company via an online form.

Life Insurance Discounts

Bestow is a relatively new company, so it does not offer loyalty discounts, nor does it offer bundle discounts because it only sells life insurance. 

Customer Satisfaction and Financial Strength Review

The customers that turn to companies like Bestow are often ones looking for quick and easy insurance solutions. Customer satisfaction as per reviews and testimonials is high. The company has clear and transparent policies that customers love. They also praise the ability to customize rates and the no medical exam policy of the company.

Bestow life insurance AM best rating is A+, which represents the excellent investment-grade financial strength of the company. The positive reviews by the employees and customers also work in the company's favor. 

It has an A+ Bestow life insurance BBB rating because of the high customer interaction on the platform. The company is very proactive in responding to complaints from customers.

Customer Support

The company offers excellent customer support. One customer review on the site pronounced the company's customer service as “incredibly helpful but not overbearing”. The company's operational model is customer-friendly and ensures the clients don't feel hard-pressed into purchasing a policy. 

You can reach out to the company via live chat, phone, or send them an email. Bestow life insurance customer support is very responsive. You can get general answers via the chatbot or ask to speak to an agent for any specific queries you may have. The helpline is available 24/7.

Ease of Buying and Claims Handling

Bestow’s claims filing process is straightforward. You can file a claim at any time of the day via the company's website. The form is very simple and takes just a few minutes to fill in. You only need to have the policyholder's and beneficiary's information, and you can complete the Bestow life insurance claims process within minutes. 

The company then reaches out to the policy provider on the company's behalf and expedites the claims handling process unless there are issues with the information provided in the form. If there are no issues, the claim gets processed within 10 days.

Comparison With Competitors

Bestows main competitors are Haven Life, Ethos, Ladder, Prudential and Fabric. All of these offer multiple term policies for life insurance. However, only Bestow offers a 2-year term policy making it ideal for those looking for a short term solution with a low premium and comprehensive coverage. Haven Life, Ethos, Ladder, Prudential and Fabric are ideal for those looking for term policies of greater than 20 years. 


  • No medical exam – If you don't want to undergo extensive tests, this is the company for you.
  • Easy application – the application system is very straightforward, easy to use, and ideal for all the non-tech-savvy individuals.
  • Not commission-based – Because the operational model is not commission-based, the customer representatives at Bestow do not press the customer into buying the policy.
  • Mobile application available – for ease of use and policy purchase on the go, Bestow also has an easy to use mobile app.
  • Lack of policy options – currently, Bestow only offers term life insurance policies and that too for only 2, 10, or 20-year terms.
  • Higher chances of rejection – because there is no medical checkup required, the chances of getting rejected by the insurance companies are higher.
  • May be priced a little higher – The company may charge a higher premium to reduce the risk associated with providing life insurance policies without a medical checkup.

Bestow is an excellent online term life insurance seller. If you are looking for an affordable life insurance, be sure to get a free quote with Bestow. 


What is the difference between Bestow and other online life insurance agencies?

Yes. Bestow does not require a medical checkup, whereas most other online life insurance companies do.

Does Bestow require a long-term commitment? If I can't afford my premium one month, what happens?

The company offers a free 30-day trial period. You can opt for a full refund if you do not like the service. You can always reach out to customer support to discuss potential solutions if you find yourself unable to pay a premium a particular month.

How can I get a quote?

You can get a quote by visiting the website and answering a simple questionnaire. Once you fill out the form, the company gets back to you with a customized quote within minutes.

How are rates customized?

The rates are customized as per your answers about your health and lifestyle.

How do I know Bestow will be around for long? What will happen to my policy?

Bestow sells policies by the North American Company for Life and Health Insurance, which is an A+ rated insurance provider. The company has been around for a while and has an excellent market reputation, so you don't have to worry about losing your policy.

Does Bestow offer anything longer than a 20-Year term policy?

Not yet, but the company is working on it and hopes to introduce a 45-year term policy soon.

How do I know if I'm a good fit for Bestow?

Bestow Life Insurance Reviews indicate that as long as you are aged between 21 and 55, Bestow is a good fit for you.

How does Bestow avoid requiring a medical exam?

Bestow asks questions about health and lifestyle to gauge the overall medical condition of the applicant. The company also looks into publicly available data to identify any prior attempts at obtaining insurance and causes for rejection. It runs a credit check and views your driving record, etc. to draft a policy.

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