Bestow Life Insurance – Life insurance can be an important step toward protecting your family’s future, but the process often feels overwhelming.
Bestow Life Insurance is changing that with a quick, online application process that aims to make securing life insurance easier and faster.
With no medical exams and straightforward term life options, Bestow could be an ideal choice for those looking to get coverage without the hassle.
This implies that the company sells only term life insurance. So, if you’re looking to get term life insurance and looking for a reputable and reliable insurance company, Bestow is a good option.
And as stated earlier, rather than a medical exam, you just need to answer a few questions to get this policy.
However, if you have a medical condition or poor health, your application might not be accepted.
Let’s explore what Bestow offers, its unique features, and how it could fit into your financial plans.
What Type Of Life Insurance Does Bestow Sell?
As earlier mentioned, Bestow sells term life insurance, and this type of insurance usually provides coverage for a set period, usually between 10 and 30 years.
Term life insurance is often considered an affordable and straightforward option for those looking to secure financial protection for their loved ones.
With Bestow, policies are available in 10-, 15-, 20-, 25-, and 30-year terms, offering flexibility depending on your specific needs and stage of life.
Bestow’s term life insurance policies are designed to be accessible, with no medical exams required.
Instead, they rely on a quick online application that uses data-driven algorithms to assess eligibility and coverage amounts, which range from $50,000 up to $1.5 million.
Advantages Of Bestow Life Insurance
Bestow’s life insurance coverage offers several advantages that make it appealing for those seeking affordable, straightforward protection:
- No Medical Exam Required
- Fast Application Process
- Affordable Rates
- Flexible Coverage Options
- User-Friendly Platform
- Reliable Backing
Overall, Bestow’s life insurance is a good option for people seeking fast, affordable, and flexible term life insurance without the hassle of medical exams or extensive paperwork.
Disadvantages
While there are good reasons to purchase life insurance from this insurance company, Bestow life insurance also has a few potential downsides to consider before purchasing:
- Limited to Term Life Insurance
- Age Restrictions
- Limited Customization Options
- No Medical Exam but Stricter Eligibility
- Online-Only Access
- Lower Maximum Coverage Compared to Competitors
While Bestow is convenient and accessible, it may not suit everyone, especially those needing more comprehensive coverage options, personalized guidance, or permanent insurance solutions.
How Much Does It Cost?
Like other life insurance companies, bestow pricing is determined by several factors. These factors include your age, type of coverage, policy term, and health condition. Normally, term life insurance does not accumulate cash value, and this is because it offers a lower premium compared to other types of life insurance policies.
Does Bestow Offer Riders?
Bestow life insurance does not offer riders with its policies. This means that policyholders cannot add additional coverage options, such as an accelerated death benefit rider, which allows early access to a portion of the death benefit if diagnosed with a terminal illness.
Instead, Bestow focuses on providing straightforward term life insurance without the added customization that these riders would offer.
This can simplify the policy for customers looking for basic coverage but may not be ideal for those seeking additional protection through riders.
How To Purchase Life Insurance From Bestow?
To apply for Bestow’s life insurance, you’ll have to visit their online page, as all applications and approvals are online-based. All you just need to do is answer a few questions about your medical records and lifestyle. Then you can easily get a quote.
Also, on their page, you get to select the term length, your preferred amount of coverage, and add your beneficiaries. And if you need to ask any questions, there’s a live chat available.
Is Bestow Life Insurance Worth It?
Yes, it is for people who want a simple and affordable term life insurance policy. But if you want more, you can consider another insurance company.