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.