Your beneficiary (and up to 9 more loved ones) will have free access to a company called Empathy, which offers 24/7 bereavement support. From time-saving tools to personalized care, Empathy offers resources to help handle the practical tasks and emotional challenges that follow the loss of a loved one. Empathy is a paid platform, but beneficiaries will have access free of charge. For more information on Empathy, click here.
We offer 10, 15, 20, 25, and 30 year term policies.
If you believe you’re experiencing technical issues, incidents, or a system failure, please call our customer support team at 833-300-0603 or email [email protected]
Death as the result of COVID 19 is not excluded from coverage under the Policy.
Yes. We offer current policyholders a small token of our gratitude for referring a potential new customer. You can access your referral link and the program details by signing into your customer portal.
Trustpilot is an established and trusted name in company reviews and never allows Bestow or anyone working for Bestow to alter or edit reviews in any way. We often ask our customers to rate us if they’ve enjoyed their experience, but we never offer an incentive. Read our reviews here.
At this time, there are no riders on the policies we offer. We’re working hard to expand our options for you and your family, so check back often.
To start a quote, simply click here. We’ve created a simple, online quote tool where you can get started. Enter your gender, birthdate, height, weight, and state of residence, to receive an estimate. If you like what you see, you can continue to apply.
If you’re between the ages of 18 and 60, have never had a felony, and have people who financially depend on you, then we think you should apply. (It takes only minutes.)
Anyone between the ages of 18 and 60 may apply for coverage.
Policies purchased through Bestow are issued by North American Company for Life and Health Insurance® — an A+ rated insurer. Bestow just makes the application experience simple and convenient.
Each policy has a 30-day free look period. This means that you are eligible for a full refund if you cancel within the first 30 days after purchasing. If you ever can’t afford to make a premium payment, your coverage will continue through a “grace period” (60 days) from the date of your last payment. As long as your premium is paid during the grace period, coverage remains uninterrupted. If death occurs while the policy is in the “grace period”, any unpaid premiums are deducted from the death benefit.
Through questions about lifestyle and health, identity verification, and pulling available data about the individual applying such as prescription and credit history, driving records, and prior attempts at insurance, Bestow can underwrite most policies as effectively as with a medical exam.
We sure think so. Bestow’s application process is entirely online. Seriously, 100%. Many companies offer an indicative quote online but then refer applicants to an agent in order to finish the application process. Other online life insurance companies may still require a medical exam for certain coverage amounts or applicants. With Bestow, every applicant gets a decision in minutes.
Bestow’s 100% online application process has four simple parts:
Nope. When you’ve reached the end of your term, your coverage will simply expire.
Term life insurance is the simplest and most affordable type of life insurance protection. Should you pass away while your policy is in effect, it can help provide some financial protection to your beneficiaries, like your spouse or kids. Because it does not build a cash value, it is often the least expensive type of life insurance. Term life insurance is also the product of choice by many financial experts, including Dave Ramsey, Suze Orman, and Clark Howard. (Read more on why right here.)
Applicants answer questions about their lifestyle and health through our simple online form. Bestow’s in-house underwriting platform instantly processes that data through our encrypted channels in a method called accelerated underwriting. This intelligent framework enables us to fully assess the risk of each applicant individually, without a medical exam, to get an underwriting decision instantly.
Bestow generates revenue through its agency commissions and administrative fees. This income allows us to work with our partners to develop innovative products, add more products and features to the website, and ensure that customers have the best experience possible with the highest quality support.
Bestow is an independent agent and third-party administrator which handles underwriting, application processing, sales, and customer support. Our partner, North American Company for Life and Health Insurance® provides and issues the policy and will administer all claims.
Term life insurance in 10, 15, 20, 25, or 30 year terms, with coverage amount from $50K to $1.5 Million. Policies are issued by one of the most trusted names in the industry, North American Company for Life and Health Insurance®.
Bestow’s policies are issued by one of the most trusted names in the industry, North American Company for Life and Health Insurance®, which is rated A+(Superior) by A.M. Best.
About North American Company for Life and Health Insurance®:
North American Company for Life and Health Insurance is a member of Sammons® Financial Group, Inc. Since 1886, North American has established a tradition of providing quality insurance products to consumers throughout the U.S. and offers a comprehensive portfolio of term, universal life, and indexed universal life insurance products.
About Sammons Financial Group:
Sammons® Financial Group is comprised of North American Company for Life and Health Insurance®, Midland National® Life Insurance Company, Sammons Retirement Solutions® Inc., and Sammons Financial Network® LLC, member FINRA. A+ (Superior), the second highest rating out of 15 categories, was affirmed by A.M. Best for North American as part of Sammons Financial Group on July 29, 2022. A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company’s financial strength, operating performance and ability to meet its ongoing obligations to policyholders.
We think about this as the 5 Ps: Product, Platform, Partners, Purpose and People.
We’re able to offer coverage to U.S. citizens or green card holders at this time (excluding New York residents).
Yes, we have several Spanish-speaking life insurance agents available to help answer any questions or walk you through the application process. Give us a call at 1-833-300-0603 to get started!
Life insurance company ratings indicate the carrier’s ability to pay their claims, much like your personal credit score. Bestow’s policies are issued by North American Company for Life and Health Insurance® (rated by A.M. Best as an A+ rated carrier).
It is against the law to buy life insurance on someone else without their knowledge.
Your policy expires at the end of its term. If you buy a 10-year policy at the age of 53, then you would have coverage until age 63, assuming all your premiums were paid on time.
At the end of a policy’s term, the policy simply expires.
You can still apply, however we will not be able to offer you coverage if you have been medically diagnosed or treated for cancer in the past 10 years. But that doesn’t mean you can’t get coverage elsewhere, as each company has its own underwriting rules.
It depends on the severity of the health issue. Generally, if you haven’t tested positive for a serious medical condition or been medically diagnosed/treated, then you may be eligible to get life insurance with Bestow.
Unfortunately, we are not able to offer coverage for replacement of an existing policy in the following states: Florida, Georgia, Indiana, Kansas, Michigan, Nevada, Oklahoma, and Wyoming.
There is nothing wrong with having life insurance with two (or more) companies. The amount of life insurance needed by each person is different, and sometimes it takes more than one policy to meet the coverage needs.
Life insurance is paid out after a beneficiary submits a certified copy of the death certificate and the insurance carrier completes its due diligence on the policy. Call a Customer Care Advisor at 1-833-300-0603 and they will help you get the process started. Typically, the money is paid in a lump-sum payment. If you’re looking for information on how to file a claim, click here.
While any life insurance is better than none, there are two issues with only having insurance through an employer:
If you lose your job or your employer closes its doors you may not be able to take the policy with you. And if you have the option to continue coverage after your job ends, the premium will most likely be much higher.
Your employer based insurance is usually only 1-2 times your salary which may not be adequate for your family’s financial needs.
While any life insurance is better than none, there are two issues with only having insurance through an employer:
You can learn more about the pros and cons of group life coverage right here. We recommend buying a policy that meets your families needs, regardless of your employee status.
You may need life insurance as soon as someone relies on you financially. Really. It’s a good idea to start shopping during major life events like getting married, having a child, buying a home, starting a business, even becoming widowed, separated, or divorced. But you don’t have to wait for a life event of course. With Bestow, you can apply for coverage whenever is most convenient for you so you’re covered even before a life event occurs.
This is a tough question to answer since it’s personal. You want to give your loved ones enough coverage for a soft landing should you pass away. You should consider your current financial situation (debt, mortgage, income) and then imagine how much your loved ones need for the next few years. For more information, we encourage you to check out this article.
Term life insurance is cheaper than whole life insurance. It provides coverage for a specific length of time (this is called a “term”) at a level premium (meaning the price doesn’t change) throughout the life of the policy.
Whole life insurance covers you for life as long as you pay the premium, and includes a cash value component. Because the death benefit is guaranteed for your life, whole life is more expensive than term insurance.
Do you have a spouse, children, or aging parents? If someone depends on your income or your contributions to live, then you may need life insurance. Even if you’re not the breadwinner in your household, your family likely depends on you in other ways. For example, a stay-at-home mom is responsible for a lot of the household responsibilities, so consider the amount it would take to fulfill all of those same responsibilities. For breadwinners who may already have life insurance provided through your employer, an individual life insurance policy can provide extra protection that won’t disappear if you change jobs.
Yes. Term life insurance expires at the end of the time period covered (as long as premiums are paid). For example, a 20-year term will expire 20 years from the issue date.
Term life insurance is life insurance that lasts for a specific period of time (that’s the term). Bestow offers terms from 10 to 30 years, in 5-year increments. You make a monthly payment (Bestow’s rates start around $11/mo.), and if you pass away while the policy is active, your chosen beneficiary (like your spouse, for example) receives your total coverage amount, usually tax-free.
Insurers look at the data behind your credit score (like timeliness of payments or if you’ve filed for bankruptcy), but not your credit score itself. To be clear, the request for this data is only a soft credit inquiry, so this doesn’t impact your credit.
If you decide to cancel your policy within the first 30 days after buying your policy, your coverage will end immediately and you will receive a full refund of your first month’s premium. If you cancel at any time after the first 30 days, your policy will end at the conclusion of the current monthly billing cycle. The cancellation will put the policy in what’s called a “cancellation pending status,” and the policy will terminate at the next billing due date.
If you decide to cancel your policy, give us a call at 1-833-300-0603 and a Customer Care Advisor will walk you through the process in detail. This may not apply in some states.
You are eligible for a full refund if you cancel within the first 30 days. After the 30-day mark you do not receive a refund but future payments are cancelled and there are no termination or early-cancellation fees.
While we would be sad to see you go, we get that sometimes it just doesn’t work out. You can cancel your policy at any time. If you need to do this, just call us at 1-833-300-0603, and we’ll be happy to assist you. And don’t worry, we won’t guilt trip you to stay… you do you!
The most likely reason that your account was locked out is that you’ve entered an incorrect password five times. If this happens, just give us a call at 1-833-300-0603, or shoot us a message via live chat and one our Customer Care Advisors will be happy to help you reset it.
Forgetting your password is the worst! But we’ve got you covered. Simply click the “forgot password?” link at the bottom of the login page or call 1-833-300-0603, and we’ll be happy to help you reset your password. You’ll be emailed a link by which you can reset and create a new password.
To log out of your Bestow Member Portal, click your name in the top right-hand corner and press the “log out” button.
To sign-in to your Bestow dashboard, simply go to https://login.bestow.com and enter the username and password that you created during the application process.
We are so sorry for your loss. Please call 1-833-300-0603 and leave a detailed voicemail or email us at [email protected] and a Customer Care Advisor will get back to you as quickly as possible. You can also begin the online claim form here.
Details should include: Policy holder’s name, date of death, current address, beneficiary name, and an email and phone number where you can be reached.
We hope that this never happens to you but a claim could be denied if:
During this 2-year period, life insurance companies have the right to investigate the cause of death and review the information provided on the insured’s application. If the company finds that inaccurate or false information was provided, the claim may be denied.
A death certificate can be obtained by contacting the Office of Vital Records in the state that your loved one passed away. States may have different requirements and fees associated with obtaining a death certificate.
Once your death is reported to our customer care specialists, North American will mail the beneficiary a claim packet including a detailed list of requirements and forms to be returned. Information regarding payment of the claim is included in this packet.
The exclusions for all policies sold by Bestow include death from suicide (with in the first 2 years of coverage).
Your payment information is encrypted and stored securely with Stripe, our payment processor who is leading the industry in electronic payments and security. Bestow doesn’t store your credit card information but rather utilizes a Token, a piece of computer code in layman’s terms, to securely process your payment through Stripe.
You can edit your credit card information through the customer portal. Log in and click “Billing” on the left-hand navigation bar. You will be taken to the billing screen which will display the payment schedule and your current payment method. If you click the “Edit” button beneath your current payment method, you will be able to change your credit card information. Simple as that!
If you are updating your payment information due to a missed payment, please contact us at [email protected] or 833-300-0603 once your credit card is updated to let us know we can charge your new card for the missed payment.
Bestow understands that life happens sometimes and missing a payment shouldn’t be a big deal, that is why Bestow will allow you to make up that payment up to 60 days past the billing date. If you are unable to make the payment and 60 days pass, unfortunately, your policy will be cancelled for nonpayment. Don’t worry. We’ll mail you a reminder just in case. You can always come back and apply to reinstate your policy.
If you happen to miss a payment, your policy status will enter a 60-day grace period, during which time you’ll need to pay your past-due premium(s) to keep your coverage in effect. On the 61st day your coverage will be terminated. Fortunately, our automatic billing will keep your payments up to date (so long as we have current billing information), so you can rest assured that your coverage is in effect.
To view your billing information including payment method, and transaction history simply login to the Bestow Member Portal, and click on “Billing” on the left side navigation. To make any changes to your billing information, please call us at 1-833-300-0603.
It would be wise to share with your beneficiaries that you have purchased life insurance through Bestow and named them beneficiary of your term life insurance. Upon your passing, during your term policy coverage, your beneficiary should report your passing to us.
Most states have adopted a law known as the Uniform Simultaneous Death Act. Under this Act, if there’s no clear evidence of who died first — you or your beneficiary — then your life insurance policy is distributed as though you survived the beneficiary, and the life insurance proceeds (death benefit) would go to your contingent beneficiaries. The North American claims department will review applicable evidence to determine whom beneficial interest shall pass to.
Your beneficiary does not have to live in the United States. Just make sure to finish as much of the beneficiary details as possible and make your beneficiary aware that Bestow should be contacted in the event that you pass away.
As a life insurance policyholder, you’ll choose beneficiaries. A beneficiary is the person (or people) who will receive the death benefit payment in the event of the insured’s death. You can have up to 8 primary beneficiaries and 2 secondary (contingent) beneficiaries. The secondary beneficiaries are given the death benefit if none of the primary beneficiaries are alive. Currently, beneficiary(s) must be family, spouse, domestic partner, child, or someone with insurable interest.
Absolutely! To change your beneficiaries simply login to the Bestow Member Portal, and click on “Beneficiaries”. Once there you can view all beneficiary information, modify existing and add new beneficiaries.
Policies offered by Bestow are non-renewable. This means that at the end of your policy, you’ll need to re-apply for another great policy offered by Bestow.
It’s important to revisit your coverage needs at major life changes like marriage, kids, moving, job changes, income changes, new home, and others.
We recommend reviewing your coverage at least once a year. We’ll send you an occasional reminder just in case.
Our Customer Care Advisors can help with that. Give us a call at 1-833-300-0603.
Give our Customer Care Advisors a call at 1-833-300-0603, and we can get the process started.
All of your policy information including beneficiaries, billing, and contact information is accessible in your Bestow Member Portal. Login using your username (your email address) and password that you set up in your application.
Insurance rates are determined by a variety of factors including an individual’s health risks and family history. We use your gender to customize the questions we ask you in order to evaluate these factors. We encourage you to complete the application using the gender you identify as today.
Please apply using the gender you identify as today.
We understand your concern about providing your social security number. Your social security number is used to verify your identity, to help prevent fraud, and is required by every life insurance company in the underwriting process. We take data protection very seriously and use the latest encryption technology to safeguard your personal information.
Insurance companies take a look at an applicant’s “build”, meaning height and weight, in conjunction with BMI (body mass index), to assess a person’s risk. Unfortunately, because of your build you would not be a good fit for a policy. If you have any other questions, call us at 1-833-300-0603.
We have a way of calculating the amount of coverage you can have based on occupation, income, replacement or existing coverage amounts. So for now it seems as though you have enough coverage, but if your circumstances change, you can always try again at a later date. If you have any other questions, call us at 1-833-300-0603.
Term life insurance policies offered by Bestow are available for ages 18-60. If you are more than 60 years old, you are not eligible to get coverage through Bestow at this time. However, we’re constantly working on expanding insurability, so if you don’t qualify for a policy offered by Bestow right now, check back with us again in the future.
Bestow is available in 49 states. Sorry New York, we’re currently unable to offer policies in your state.
Please talk to our Customer Care Advisor at 1-833-300-0603. We will work with you to correct mistakes and walk you through your options.
Yes! Even if Bestow isn’t a good fit for you, there are other companies, carriers, and services that could help you find the coverage you’re looking for. An insurance agent can help you explore your options, as well.
Unfortunately, we can’t continue with every application received at Bestow. In some cases, we are not able to offer coverage.
Your application may not have been approved because of your health, lifestyle or credit history.
If your application was denied as a result of one of our data vendors, then you should have received an email with the reason and how you can follow up. Please don’t hesitate to reach out to our Customer Support team at [email protected] for details on the reason for the denial.
The products that Bestow offers rely on data vendors (identify verification, prescription history databases, motor vehicle reports and financial data) to make a decision about how risky you would be as a policyholder (super healthy, above average, average, or below average). This risk assignment then determines your price.
The data vendors that products offered by Bestow work with adhere to and are compliant with regulations that make sure your data is used securely and responsibly (FCRA, HIPAA, MIB). During your application process, you will be presented disclosure notices that ask for your consent before any data is ordered. We encourage you to read these notices and reach out to our Customer Care Advisors at (833) 300-0603 if you have any questions.
Algorithmic underwriting is a fast and inexpensive approach to understanding what type of risk the insurance company will assign to you (super healthy, above average, average, or below average). Instead of an actual person, called an underwriter, reviewing your application and maybe medical lab results, a rules-driven decision engine (the “algorithm”) reads your application answers together with available outside data to assign what type of risk you are. Pretty cool, if you ask us. You can learn more about risk and underwriting right here.
Nope! The amount you agree to when you purchase is the amount you will pay until your policy term ends or you apply for more coverage and are approved for a new policy.
Currently, we only offer payment by credit card. Payments will be automatically drafted every scheduled payment day until the term is done (unless the policy is canceled, or should you pass away during your term). Your recurring payment date will be the same date as the original date of purchase. Premiums for policies purchased on the 31st of a month will be due on the final day of each month.
Nope. Bestow follows the Fair Credit Reporting Act and requests a soft credit inquiry, which will not impact your credit score.
Of course! We have Customer Care Advisors available to assist you with any questions or concerns that you may have. Give us a call or text at 1-833-300-0603.
Your life insurance begins as soon as you are approved and your first payment is collected. Then continues for as long as you make regular payments, cancel, or complete the length of your policy term.
Not with Bestow. Traditionally, a medical exam helps underwriters gather information to make eligibility decisions about applicants. Instead of requiring a medical exam, Bestow checks your health with datasets and predictive models, which can save you lots of time.
As fast as 5 minutes! We’ve worked hard to make the application process quick and seamless so apply today!
We worked with our insurance partners, designers, and engineers to design as delightful of an application process as an application for life insurance could be. The application begins by checking if you are a real person (no robots), followed by questions about your health and lifestyle. We make sure your information is protected with encryption, and we do not sell your personal information to third parties. Once we have enough information, if approved, we recommend a coverage amount and monthly price that makes the most sense for you.
Signing the disclosure forms unlocks the beauty of algorithmic underwriting. It allows us to find the appropriate information from our data sources (identity verification, prescription history databases, motor vehicle reports, and financial data) to give you an instant decision without you having to get a medical exam.
Currently, Bestow only issues policies to the person who will own the insurance. Your spouse or partner would have to apply for their own individual policy. Keep checking back as this may change in the future.
Once you have submitted your application, we will be hard at work processing that information through our underwriting machine to give you an instant decision! Because of that, you won’t be able to edit your answers.
The internet is a finicky thing sometimes! We are sorry for the added complication, but don’t fret! Call us at 1-833-300-0603 or email us at [email protected], and a Customer Care Advisor will either confirm it was processed or help you complete your application.
Sometimes our big data and technology find information that affects your pricing. Let’s say you’re filling out our application and state that you don’t use tobacco, but our behind-the-scenes database search finds a record for a drug (like Chantix®) that suggests you are or were a tobacco smoker — your monthly rate will increase.
Because of the nature of our underwriting process (i.e. no medical exam), we rely on data from our technology partners for risk factors in addition to any information you provide in our online form. If your prescription history indicates that you have a medical condition, you may be considered a higher risk to insure, which means you’ll likely have a higher monthly rate.
In these situations, sometimes applicants can get a lower monthly rate through the traditional means of buying a life insurance policy (i.e. a medical exam and lab tests) to get a holistic view of your health and medical history. We’re constantly working on improving and expanding insurability to better serve all of our customers. Feel free to contact us if you have any questions about your rate results, and we can take a closer look.
If you like what you see, apply in minutes and have coverage today, if approved.Apply Now