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Bestow Life Insurance Review

Bestow Life Insurance

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

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Bestow was launched in 2016 as an alternative option to traditional life insurance policies, that requires extensive medical testing before being approved.

Bestow offers an online-based service that streamlines the application and approvals process and gives you a good amount of control over your policy.

Find out more about Bestow Life Insurance in this complete review.

Bestow Term Life Insurance

bestow logo life insuranceBestow only offers term life insurance, which are policies that have a fixed premium rate and last for a defined length of time.

They offer coverage for ages 18-60.  The term lengths available are 10 year term, 15 year term, 20 year term, 25 year term and 30 year term.

Bestow has recently raised the amount of life insurance coverage available.  You can now choose a death benefit amount as low as $100,000 and as high as $1.5 Million.

The rates are guaranteed so this means you will pay a set monthly premium throughout the duration of your term.

Bestow Life Insurance Features & Benefits

Bestow is one of the companies driving a massive change in the way life insurance policies are handled.  In 2020, Bestow became the first fully digital life insurance carrier.  Over 75% of Bestow customers bought their life insurance on a mobile device.  In 2021 Bestow was listed on the CNBC Disruptor 50 list.


Its online-only service means that most applications can be processed within minutes, providing easy, hassle-free cover to a wide variety of clients.

Bestow processes applications speedily thanks to a proprietary algorithm that uses data vendors to verify your details and compare it to your self-reported information. This tool will determine which health range you fall in, which then allows Bestow to provide you with a quote and coverage estimate.

You can even play around with the amount of coverage you want to see how the premiums and policies change before making your final choice.

The Bestow online platform is smooth, slick, and very easy to use. You can get plenty of information about Bestow’s policies and premiums without having to give them your email address.

This freedom of information allows you to evaluate your options without committing to anything—an unusual and impressive feature for insurance agencies.

Payment Flexibility

One of the best things about Bestow’s online platform is that it makes paying your premiums easy and painless. Their customer-centric Free Look gives you a month to decide whether you want to make the policy permanent. If you cancel within this month, you get a full refund.

Bestow provides automated billing that makes paying premiums a breeze. You don’t have to worry about forgetting to make a payment, as the money is taken directly from your account without any additional input needed from you.

One aspect that Bestow stands out is their flexibility when it comes to missing payments. If you miss a premium, you have the opportunity to cover the premium the following month, with your coverage remaining in place.

You have up to 60 days to pay your premium while still retaining your policy. However, these missed payments will be deducted from your death benefit when the policy is claimed.

Bestow Policy Restrictions

Many insurance policies have a list of restrictions and exclusions, and the Bestow company is no different. Firstly, you need to be a US citizen or Green Card Holder and permanently reside in the United States. Secondly, you need to be between 18 and 60 years of age.

Also, if you’re looking at a long-term 20-year plan, you need to be 50 or younger to qualify. There are also several health conditions and hobbies that can disqualify you from signing up with Bestow.

Bestow offers a convenient service, but it does, unfortunately, come with several drawbacks that may drive potential consumers away. Firstly, the maximum policy limit is $1.5 million, which may seem like a lot but may not be adequate if you have a large family with younger children.

The purpose of life insurance is to protect loved ones from financial risk in the event of your death. You want to make sure that your coverage is enough to do so in the future.

Bestow also offers a variety of term lengths, relatively short-term periods, with a maximum of 30 years. If you’re a young person looking at life insurance, this may be a good option.  The process is quick and can take only a few minutes from application to acceptance.

Financial Strength

A huge factor that you should keep in mind when shopping around for life insurance is the financial strength of the insurer. Financial strength is an indicator of how financially stable and healthy a company is, which in turn correlates to how likely they are to be in business for the term length of your insurance.

North American Company for Life and Health Insurance® backs Bestow and they have been in the insurance business for over 135 years.

North American is rated by AM Best, an independent rating agency, with a rating of A+ (Superior). This reputation means that they have a superior ability to meet their ongoing insurance obligations. An excellent financial rating like that should give you peace of mind.

Customer Reviews

Bestow is a relatively young service that is aimed at young professionals who want a life insurance policy that is fast, easy, and cheap. Their website design and application process are designed to enhance the customer experience, and you can easily monitor your policy through their customer portal.

A good indicator of how well a company deals with its customers is their Better Business Bureau rating. This rating takes a number of factors into account when determining how well a business responds to their customer needs. Currently, Bestow has an A rating with the BBB, and only one customer complaint.

This rating suggests that in general, most customers are thrilled with their experience with Bestow.

Is Bestow the Best Insurance for You?

When shopping around for life insurance, it’s always important to keep your situation and needs in mind.

Bestow offers an easy application process with no medical exam and short decision time, which is perfect if you’re healthy and meet their eligibility requirements. Because of the many term length options, they may be a great option if you’re between the ages of 18-60.

Bestow’s policies also don’t come with any riders, so you can’t customize your policy to match your specific needs, which may be a drawback to some.

For an easy, hassle-free life insurance experience, be sure to give Bestow a try, but also shop around to see if there are better options that can meet your needs.

If you’re one of the millions of applicants with a health problem, we suggest you look at other companies like Banner Life Insurance or Protective.


Doug Mitchell, CLU

Doug Mitchell, CLU

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent close to 30 years in the life insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health. Some other notable items about Doug: Top of the Table Million Dollar Round Table member (MDRT). (MDRT is a global, independent association of the world’s leading life insurance advisors) | Premier Partner with Lincoln Financial and Cabinet Member | Served two years as President of the Auburn/Opelika Association of Financial Advisors | Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award | New York Life, Executive Council Member | Currently serves as President of Ogletree Financial, a life insurance General Agency. | Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

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