Bestow Life Insurance Review 2023/2024 Update

Bestow Life Insurance should be worth the hype if you’re good-looking in health and in search of quick, no-frills term life insurance. The company offers no-exam life insurance and an application process that is accessible full-time online.

However, according to our analysis, we discovered that its no-exam life insurance rates are higher than most companies we checked. Bestow offers instant approval for most customers, with a high eligibility age of 60 for the maximum coverage of $1.5 million.

Bestow’s Company’s History

Bestow was founded in 2016 and launched its entirely digital life insurance platform a year later (2017). Its focus was based on the premise that life insurance companies lacked the tech needed to provide the best user experience and Bestow had to change that.

The company seems to be an agency that manages its policies, which are issued by North American Co. for life and health insurance.

In the later year (2021), Bestow gained lower based centurion life insurance Co. Also, Bestow expands to 49 states in the U.S. Here, Life insurance is not available to residents in New York.

In 2022, Bestow partnered with Empathy, a company designed to help individuals who are grieving the loss of a loved one. Beneficiaries of Bestow policyholders in 20 states, including up to nine friends and family members advantageous from Empathy’s services.

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Features are assistance with funeral planning, probate, and estate concerns, and benefit claims. Also, empathy members gain access to grief and emotional support resources. The empathy services can be accessed via its official mobile app.


The company’s policyholders use the policy as collateral for a small business loan. Bestows’ shortcomings include the following:

  • No accelerated death benefit, which provides access to your own death benefit if you become terminally ill.
  • Rates for no-exam term life are more expensive than many competitors we evaluated.
  • No ability to renew the policy after the initial term expires.

Bestow keeps its company very simple by selling only term life insurance. Here, you can skip a life insurance medical test and easily answer a few health queries to buy a term life insurance policy on the platform.

If you’re in a poor condition, Bestow has a chance of declining your application for term life insurance. Also, you might consider one of the best no-exam life insurance companies articles presented by Topcelebio.

Types of Life Insurance Bestow Sells

As earlier mentioned, Bestow made its policy simple by having one life insurance policy, which is the Bestow Term Life Insurance:

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Here, Bestow offers no-exam term life insurance for 10, 15, 20, 25, or 30 years, with a coverage amount that ranges from $50,000 to $1.5 million.

Term life insurance provides level premiums for a specific period, such as 10 years. You cannot renew Bestow life insurance when the level term period is over. With many other companies, once your level term period ends you can often renew the policy yearly at a higher rate.

Moreover, many term life insurance policies have the ability to convert the term life to permanent life insurance. However, Bestow policies do not offer such an option.

Rather, the company offers a 30-day free look period. You can also lapse the policy for a full refund during that period.

Bestow’s Term Life Insurance Rates

Bestow’s term life insurance rates for different ages and amounts show that women basically pay less than men for life insurance, and costs increase as you age.

Bestow No-Exam 20-Year Term Life Insurance Rates for Various Ages
Coverage Age 30, annual rate Age 40, annual rate Age 50, annual rate
$500,000 term life insurance Male: $433
Women: $402
Male: $676
Female: $524
Male: $1,563
Women: $1,211
$1 million term life insurance Male: $791
Female: $718
Male: $1,277
Women: $974
Male: $2,99

Women: $2,335


Bestow No-Exam 20-Year Term Life Insurance Rates Compared to Competitors

Bestow’s rates for no-exam term life coverage are specifically higher than no-exam policies offered by competitors like Ethos, Prudential, and Haven Life.

20-year term life insurance for a 40-year-old female Bestow Ethos Prudential Haven Life (Term)
$500,000 term life insurance $524 $336 $370 $308
$1 million term life insurance $974 $595 $605 $545


For more updates on Bestow Life Insurance company, check up page next time, or simply visit our official webpage, and find out more reviews on Life Insurance.