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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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
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Everyone recommends
Lantern Life Insurance Community Reviews
Would you recommend Lantern Life Insurance to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I recently purchased Bestow life insurance services and thought I'd leave a review. I'm extremely pleased with the service. To begin with, Bestow Life made applying for and purchasing life insurance very simple and affordable. For more than three years, I've been planning to purchase life insurance but have always put it off due to the very long paperwork. I eventually came across Bestow Life and decided to give it ...Show More
JA
Junaid A.
Nov 17, 2022
May or may not recommend
I recently purchased Bestow life insurance services and thought I'd leave a review. I'm extremely pleased with the service. To begin with, Bestow Life made applying for and purchasing life insurance very simple and affordable. For more than three years, I've been planning to purchase life insurance but have always put it off due to the very long paperwork. I eventually came across Bestow Life and decided to give it ...Show More
AN
Aunesia N.
Aug 19, 2022
May or may not recommend
Easy to use and some plans are as low as $15 a month. You can easily sign up and speak with customer service if you need help with your order.
SA
Stephany A.
Apr 12, 2022
May or may not recommend
Insuring ones life is a decision which isn't simple to make. I wasn't ready to lose my life or family, so why insure? Nevertheless, I find this action important. So, I made the right decision and the right choice. I choose Bestow Life Insurance and I was happy.
BK
Brandon K.
Aug 22, 2021
May or may not recommend
Bestow is perfect for term life insurance with reasonable rates and perfect customer service! Bestow doesn’t require a medical, which is great because most life insurance companies require medical history to determine eligibility. It takes minutes to sign up. I highly recommend Bestow to anyone who is seeking term life 10-20 years of coverage. This is a great option for first time buyers.
WM
William M.
Jul 23, 2021
May or may not recommend
I have nothing but good things to say about Bestow. I was nervous to get life insurance but I want my family to be protected if anything happened to me. The process was surprisingly easy and very convenient. The rate they gave was very reasonable also. I would definitely recommend them for peace of mind.
FC
Florencia C.
Jul 16, 2021
May or may not recommend
Bestow is an insurance agency that provides fast access to term life insurance. They make it super simple and more affordable. Applicants get a decision in less than 10 minutes. I know that I've made the right decision by choosing Bestow and I wouldn't change it for any other company.
David B.
Feb 8, 2021
May or may not recommend
I recently used Bestow life insurance services and thought I should drop a review.I'm really impressed by the service. To start with,Bestow life made the process of applying for and purchasing life insurance super easy and convenient. For more than 3 years now,I have been meaning to get a life insurance but I always postponed this because of its seemingly lengthy process. I eventually stumbled upon Bestow life and gave ...Show More
ST
Samuel T.
Jan 14, 2021
May or may not recommend
Insuring ones life is a decision which isn't simple to make. I wasn't ready to lose my life or family, so why insure? Nevertheless, I find this action important. So, I made the right decision and the right choice. I choose Bestow Life Insurance and I was happy. If you are looking to insure your life or property, you can trust this brand to deliver below the mark!!!
The E.
Nov 23, 2020
May or may not recommend
I never knew I could acquire life insurance because I usually don't have extra funds lying around until my friend was on a call with one of their reps, then I got to know about the life insurance policy. Then I arranged for a meeting with her, and she broke it down to me to the best of her knowledge with utmost professionalism, about how there are different packages.
I would ...Show More
MR
Madison R.
Nov 9, 2020
May or may not recommend
Very easy to process and also, they offer great rates. I have already referred several people and they are pleased and happy with the package they offer.
Applying for life insurance has never been this easy. I completed the whole process within 10 minutes and it was approved immediately thereafter, Bestow has done a tremendous job by removing the obstacles involve in entry to the life insurance application process. Other insurance ...Show More
MO
Moses O.
Oct 16, 2020
May or may not recommend
We recently had a baby girl, and we wanted to make sure she’s protected financially if something happened to us. My wife and I got life insurance at Bestow. She got her own first; then, I got mine after seeing how quick and simple the process was. The price is fair. Term life provides peace of mind for tragedy as we continue to build our wealth.
OO
Opeyemi O.
Oct 8, 2020
May or may not recommend
Bestow Insurance has got one of the best life insurance package. About two years ago, I couldn't meet up with most of my bills. My water bill, power bill, and even the health bill kept piling up, I was worried. Big thanks to a friend that recommended the company to me, since then I have been able to meet up with most of my bills. I will strongly recommend them. ...Show More
TA
Timileyin A.
Oct 6, 2020
May or may not recommend
Bestow Life Insurance company helped me in acquiring life insurance for myself, my wife and kids. I usually overlook life insurance because I don't have extra funds elsewhere. I scheduled an appointment with Bestow life insurance to know if there is a way out, one of their reps spoke with me in detail how life insurance would be beneficial and cost a fraction of what I taught ...Show More
Esther O.
Sep 23, 2020
May or may not recommend
Insurance means a lot to me. As a single mother, I am always careful with the decisions I make, especially when it comes to my finances. However, when I spoke with one of their agents and she explained the details of the life insurance policy, I felt at ease. The next morning, I invited her over to my house and we weighed all my options together, I instantly made a ...Show More
RK
Ray K.
Sep 9, 2020
May or may not recommend
This is a great choice to get the life insurance you inevitably need, especially if you have a family. It has given me the future protection that is fundamental to my life plan. In fact, this is backbone of my security. I like the way I can customize my amount and premiums.
Web F.
Aug 28, 2020
May or may not recommend
Bestow Life Insurance company helped us acquire life insurance on several family members. I usually pass on life insurance as I don't necessarily have extra funds lying around. However I scheduled an appointment with Ann, one of their reps and she explained in detail why and how health insurance would be beneficial and cost a fraction of what I though it would! Through a few phone calls and questions answered ...Show More
U
Anonymous
Apr 12, 2019
May or may not recommend
The quote and application process was the easiest I've ever seen! The rate was also better than I've gotten in the past
Showing 18 of 18 reviews
