Financial Services

Bestow Life Insurance 2022 Reviews, Reddit

This Bestow review details the costs, coverage, and requirements of the company’s term life insurance product. Founded in 2016, Bestow is a relatively new startup that aims to make life insurance simpler and easier. Offering only term life policies, Bestow allows you to get quotes and apply for insurance online. If approved, your coverage can start within minutes. However, it has limited coverage amounts and no insurance riders at all. For individuals looking for more comprehensive insurance options, you may need to find Bestow Life Insurance 2022 Reviews “.

Bestow launched in 2017 and has two offices in Dallas and Austin, Texas. The company takes a more modern approach to life insurance coverage, offering a simple online application and fast approval without the need for a medical exam.

Provide term life insurance

Term life insurance offers level premiums for a fixed period, such as 10 years. With other companies, you can often renew policies at a higher rate each year after your level expires. However, Bestow does not offer guaranteed renewability. Also, many term life insurance policies use the term life to convert to permanent life insurance.
Powers are included. Donation policies do not offer this option.

Bestow offers level term life insurance for 10, 15, 20, 25 or 30 years, with coverage ranging from $ 50,000 to $ 1.5 million.

Anyone between the ages of 18 and 60 who has never been convicted of a crime can apply for coverage. Bestow’s coverage is not available in New York State.

The company offers a 30-day money-back guarantee for its term life policy.

Bestow life insurance policies

Bestow offers term life insurance to people 18 to 60 years old. You can choose a policy lasting 10, 15, 20, 25 or 30 years, with coverage up to $1.5 million (or $1 million if you’re 50 to 60 years old). The company specializes in instant life insurance, which means eligible applicants can get covered right away without having to take a medical exam. But you can’t customize your policy with life insurance riders.

Each term has the following age limitations on applicants:

  • 10-year term: Ages 18-60.

  • 15-year term: Ages 18-55.

  • 20-year term: Ages 18-50.

  • 25-year term: Ages 18-45 for nontobacco users. For tobacco users, women 18-39 and men 18-37 may apply.

  • 30-year term: Ages 18-40 for female nontobacco users and 18-39 for male nontobacco users. For tobacco users, women 18-31 and men 18-30 may apply.

You might be denied coverage if you’ve been diagnosed with or treated for cancer (other than minor skin cancer) in the past 10 years.

About The Bestow Life Insurance Company

Based in Dallas, Texas, Bestow was founded in 2016 and provides individual term life insurance policies. Bestow serves as the licensed agent and partners with insurers, such as the North American Company for Life and Health Insurance, which issue the policies. ” Bestow Life Insurance 2022 Reviews “.

Customer Service

  1. If you need assistance applying for coverage or managing your policy after approval, Bestow has multiple customer service options.
  2. You can call 833-300-0603 to speak to a representative, or you can use its live chat feature to get immediate help. You can also email
  3. Bestow has a member portal where you can view policy documents, make payments, and change your beneficiary. Claims can also be submitted online.

Customer Complaint 

Every year, the National Association of Insurance Commissioners releases company complaint ratios. The ratio reflects the number of complaints companies receive relative to their share of the insurance market. A company with a ratio above 1.0 received more complaints than is typical, while a company with a ratio under 1.0 received fewer complaints.  As of 2020, North American’s complaint ratio for its individual life insurance segment was 0.68, better than the national complaint index.1

Third Party Ratings

  • Bestow has a strong reputation and is backed by a major insurance company.
  • North American, the company that issues life insurance policies to Bestow customers, has an A+ (Superior) rating from AM Best.2
  • A high Financial Strength Rating from AM Best indicates that the company is financially sound and is able to meet its policy and contractual obligations, meaning it will be able to pay out claims.
  • Neither Bestow nor North American Company for Life and Health Insurance is included in the J.D. Power 2020 U.S. Individual Life Insurance.

Insurance Cancellation Policy

With many insurance companies, you have a 10-day free look period after the policy has been issued. During the free look period, you can cancel your policy without penalty and get a full refund.

With Bestow, you have a 30-day guarantee. If you cancel your policy within 30 days of its issue, you’ll get a full refund.

After the 30-day period, you can cancel at any time without paying cancellation fees. However, you won’t receive a refund of premiums you paid.

Policies cannot be canceled online. To cancel your policy, call customer service at 833-300-0603.


In terms of pricing, Bestow’s policies are slightly above average. Because Bestow doesn’t require medical exams, its policies tend to be more expensive than medically underwritten policies.

We received quotes for $250,000 policies for 35-year-old men and women in excellent health to help you compare Bestow with other term life insurance policies.

10-Year Term $15.17 $24.33
15-Year Term $18.08 $24.75
20-Year Term $21.42 $28.92
25-Year Term $29.33 $40.17
30-Year Term $37.67 $54.75

How We Evaluated Bestow Life Insurance

In our evaluation of Bestow and other life insurance companies, we looked at the following factors:

  • Available plans and terms
  • Insurance riders
  • Policy exclusions
  • Underwriting process
  • Cost
  • Financial stability
  • Customer service
  • Customer reviews
  • Third-party ratings

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