Bestow Life Insurance Review

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Contributor, Benzinga
December 19, 2023
Bestow Life Insurance
Overall Rating:
securely through Bestow Life Insurance's website

Bestow offers 2 kinds of life insurance policies: 20-year level term policy or a 10-year level term policy.

Through its policies, you may qualify for up to $1 million in term life insurance. That may seem like a sizeable sum, but if you have a spouse and children, you have to consider the cost of things beyond your mortgage, such as daycare and eventually college, as well as the loss of wages over time.

Bestow uses its proprietary technology to underwrite your insurance policy, so the application process is much faster than with traditional life insurance companies. They’re also backed by Munich Re and North American Company for Life and Health Insurance, 2 A+ rated insurance companies.

Best For
  • People who are looking for short-term life insurance
  • Individuals who don’t want to go through the hassle of having a medical exam or blood work done to get coverage
  • Plans start at just $8/month
  • Decent coverage options if you need insurance quickly and without hassle
  • Offers 2 types of plans; does not offer whole or universal life insurance policies
  • The 10- and 20-year plans not available to users under 21 or older than 55

Bestow Life Insurance Ratings at a Glance

Policy Options
Approval Process
Overall Rating

Find everything you need to know about this up-and-coming term life insurance option and how it can help you.

You may be asking yourself, “how much life insurance do I need?” Perhaps you have a decent idea of how much you need but no real plan on how to go about obtaining life insurance. Understanding how to buy life insurance is an important step in getting the financial protection customers need in case something happens that changes everyone’s life around that policy. 

There are some people for whom Bestow is a better fit than other life insurers: 

  • People in transition from one job to another: Not having life insurance between jobs can be risky. If you have a family and children, having ample protection in case something happens to you is a must.
  • People who are moderately healthy: Bestow doesn’t require you to go through a medical examination or have blood tests to get approved for coverage, which is a far cry from most carriers.
  • People who need insurance quickly: If you want 10- or 20-year term insurance with up to $1 million of coverage, the online approval process is faster than trying to get term insurance the traditional way.
  • People who are between 21–40: This age bracket wants simple coverage at an affordable rate. Parents, young couples and individuals this age want the simplicity of an online approval platform, and Bestow offers that sort of life insurance policy as it provides both a death benefit and flexibility that you require. 

Bestow Life Insurance Policy Options

  • 10-Year Term insurance: Term life insurance for a 10-year span of time; includes up to $1 million worth of coverage.
  • 20-Year Term insurance: Term life insurance for a 20-year timeframe; includes up to $1 million worth of coverage. 

Bestow offers numerous term life options. Through its online approval process, you simply choose the amount of coverage you want and answer a few simple health questions. In just minutes, Bestow pulls information about you from available databases on the web with your permission and uses its intelligent algorithms to determine whether you qualify for coverage. 

These payments do not necessarily have a cash value, and you should ask about these options when you hear your life insurance quote. When you get your life insurance rate, remember that these rates will remain the same. The only way to see the rate change is if you purchase further coverage in the future.

Bestow Life Insurance Approval Process

Bestow prides itself on offering a digitally-based alternative to the process of buying life insurance the old-fashioned way. It does this by pulling freely available information about you from a variety of databases. This can only be done with your permission using the information you entered on the application, and the life insurance carrier will begin the underwriting process.

The process is surprisingly fast, owing to Bestow’s intelligent algorithms and thorough search capabilities. The system is smart enough to know how to make a fairly accurate decision about your approval based on a variety of factors, and a great deal of thought and attentiveness has contributed to making the process user-friendly. 

Bestow Life Insurance Pricing

The price you pay for life insurance depends on your age, general health, gender and whether or not you’re a smoker. For example, a 25-year-old female nonsmoker who wants 10 years and $50,000 worth of coverage would pay only $8 per month according to Bestow.

Because the life insurance costs with Bestow are relatively low, you can afford to invest saved money in other things. Remember, though, that options like whole life insurance from another life insurance platform will be far more expensive.

For example:

A healthy 27-year-old female nonsmoker can get a 20-year term for $34 per month, while a healthy 35-year-old man who doesn’t smoke can get covered for a decade for just $26 per month. Everyone’s insurance needs are different, which is why it’s a good idea to try out the online quote and approval process with Bestow. (This information is accurate as of 11/6/2019).

Overall, we’ve found Bestow to be a great value for the money if you’re in good health, a non-smoker and between the ages of 21–45. 

Get a customized quote from Bestow here.

Bestow Life Insurance Claims

Filing a claim with Bestow is simple and straightforward. Bestow aims to process most claims within 10 days. This is generally how life insurance works, but all life insurance companies are different. Filing a claim with Bestow can be done in 3 simple steps: 

  1. Fill out the online form
  2. Bestow then works with their insurance carrier to expedite claim processing
  3. As long as there are no disputes, the insurance partner contacts the beneficiary to get the relevant information in order to pay the claim

Bestow Life Insurance Overall Rating

Bestow fills a specific need in the life insurance market: insurance for people within a specific age bracket who need term life insurance and are moderately healthy. The online application process has streamlined inefficiencies that can be found within the traditional life insurance buying process, planting Bestow neatly into a category of startups that shake up the status quo by adding greater efficiency and understanding.

With a simple application process and approval that can be completed in 5 minutes online, Bestow is a solid option for life insurance shoppers who are looking for a 10-year or 20-year short-term insurance plan without a lot of hassle or paperwork. If you want to get away from traditional life insurance carriers and underwriters, Bestow is a good place to start.

Bestow vs Competitors

  • securely through Bestow Life Insurance's website
    securely through Bestow Life Insurance's website
    Best For:
    Term life insurance
    Read Review

    *excludes New York

  • securely through Ladder Life Insurance's website
    securely through Ladder Life Insurance's website
    Best For:
    Adjustable coverage
    Read Review

    Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products. Coverage amounts vary by state.

  • securely through Wysh Life Insurance's website
    securely through Wysh Life Insurance's website
    Best For:
    Those Under 50 Years Old
    Read Review
  • securely through Haven Life Insurance's website
    securely through Haven Life Insurance's website
    Best For:
    Under Age 64
    Read Review

    Haven Term is a Term Life Insurance Policy (ICC21 Haven Term in certain states, including NC) issued by C.M. Life Insurance Company (C.M. Life), Enfield, CT 06082. In New York (DTC-NY) and California (DTC-CA), it is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001.

Frequently Asked Questions


Is Bestow Life Insurance legit?


Bestow Life Insurance is a legitimate company. The company is BBB-accredited with an A+ rating.


Does Bestow Life Insurance Have a Waiting Period?


Bestow Life Insurance gives you instant approval and has a quick online process. There is not a long waiting period.

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Benzinga crafted a specific methodology to rank life insurance. To see a comprehensive breakdown of our methodology, please visit our Life Insurance Methodology page.