Last Updated: 04/18/2025
Lantern Life Insurance
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Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
Term Life Death Benefit Range
$100,000 - $1,500,000
Term Options
Term Life
Financial Strength Rating
A+(Verified 04/18/2025)
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Number of Reviews
Lantern Life Insurance Review
Lantern life insurance Pros & Cons
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Lantern Insurance Company is a life insurance carrier based in Dallas, TX. The company was founded in 2016 and offers life insurance products in 48 states (and Washington, DC).
Lantern life insurance FAQ
What types of life insurance products does Lantern Insurance Company offer?
Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
Here is a brief description of life insurance options Lantern Insurance Company offers.
- Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Lantern life insurance offers term lengths ranging from 10 to 25 years. Death benefit amounts range from $100,000 to $1,500,000.
What is SuperMoney's financial rating of Lantern Insurance Company?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Lantern Insurance Company an A+, which is the highest available rating we give to life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
Lantern Life Insurance Disclosure: Policies are issued by Bestow Life Insurance Company, Dallas, TX on policy form series BLI-ITPOL. Bestow Life Insurance Company products may not be available in all states. Policy limitations or restrictions may apply. Not available in New York. Our application asks lifestyle and health questions to determine eligibility in order to avoid requiring a medical exam. Prices start at $11/month based on an 18-year-old male rated Preferred Plus NT for a $100K policy for a 10-year term. $20/month price is an estimate based on a 32-year-old female rated Preferred Plus NT for a $500K policy for a 20-year term. Rates will vary based on underwriting review.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Lantern life insurance
Message from our editor
What we love about Bestow
Bestow provides a no-hassle option for people who want 10- or 20-year term life insurance with no medical exam. The application process is 100% online, simple, and straightforward. You can get a life insurance policy quote in seconds and a policy in just a few minutes. Bestow does not require a medical exam or bloodwork. So, no need for needles or wasted time with medical appointments.
What could Bestow do better?
Bestow only provides 10-year and 20-year policy options. If you are looking for a longer or shorter term, you will need to look elsewhere. Although not requiring a medical exam is a nice feature, it could work against you if you have good health. You may qualify for lower rates with a life insurance provider that does require a medical exam.
What is the application process like?
Here's how Bestow's online application works. Note: It doesn't hurt your credit to apply.
- Visit the website and click "Apply Now."
- Provide your name, birth date, height, weight, and state.
- Select the type of coverage plan you want.
- Provide basic information on the next few pages, including email, full legal name, phone number, address, place of birth, Social security number, and a secondary contact (optional).
- Next, you'll decide if you agree to release your health information to obtain a life insurance policy. If you agree, you'll click continue.
- Now comes 18 questions to determine the level of risk you present.
- Phew! That's the bulk of the application. The next step is to select your beneficiary (beneficiaries).
- Almost done! Select the coverage amount and monthly payment amount that best fits your needs.
- The monthly premium amount will increase as the coverage amount increases. Further, each applicant's premium will differ according to the level of risk they present.
- Lastly, confirm your selection, agree to the terms, and make the payment.
That's a wrap. Within a few minutes, you can have life insurance—and without ever leaving your couch!
Bestow's backstory
Bestow partners with Munich Re Group and North American to provide life insurance to its customers. Munich Re Group. Founded in 1959, Munich Re Group is one the largest reinsurers in the U.S. It offers life, disability, group, and credit reinsurance products to companies across the country. North American. Founded in 1886, North American offers term life insurance and various universal life insurance products across the U.S. It is a member of the Sammons® Financial Group and has earned an A+ financial strength rating from A.M. Best. Although both of these partners have multiple insurance offerings, Bestow is currently only offering term life insurance.
The Verdict
Bestow provides an easy way to get competitive rates on term life insurance policies. They don't require a medical, and the online-only process just takes a few minutes to complete. They only have a limited selection of policy terms (10 or 20 years). Other companies that require a medical exam may offer lower rates, so we recommend comparing several companies before choosing a policy.
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