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Last Updated: 04/18/2025

Lantern Life Insurance

in Life Insurance from Lantern Insurance Company

Last Updated: 04/18/2025

Strongly recommended18 total votes

18 users recommend

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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 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

With a 100% online application, no medical exams, and a modern, all digital underwriting engine, Lantern is on a mission to make obtaining term life insurance a fast, affordable process — one that will increase access to financial protection for more families. As some people turn to crowdsourcing to pay for things like funerals, medical bills, or inherited debt, Lantern believes it shouldn’t have to be that way. By doing things a little differently, what used to take weeks now takes just minutes, so more families can have options that could make them more financially resilient.

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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Lantern Insurance Company  2700 Commerce St. Suite 1000

Dallas, TX 75226

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