Life insurance is an important tool that can help us ensure that our loved ones are financially secure when we pass. Bestow is a life insurance provider that sells term life insurance policies online.
The company offers almost instant coverage to applicants that qualify. As an applicant, you will be required to answer some questions on their website. They lunched in 2017 and do business in all states, except for New York.
This article will explore the company in detail, including its advantages and the application process.
An Overview of Bestow Life Insurance
Bestow states that they are on a mission to make term life insurance more human and simpler. It is a startup company that is in the same league as other companies that provide fast life insurance.
They take the information that you provide via the online application, combine it with other data about you that is readily available, and use their algorithms to determine whether or not you qualify.
If you qualify, you can receive coverage instantly, without needing to take a medical examination. The company provides term life insurance of 10 and 20 years, and their policies are worth a maximum of $1 million.
It is possible for Bestow to deny you coverage, and customers over a certain age threshold are not eligible for application. Individuals aged 21 to 45 are eligible to apply for a 20-year policy, with the exception that the upper limit is 43 years for male tobacco users.
The age range is 21 to 55 for their 10-year policies. Bestow does not offer permanent life insurance policies, like universal or whole life policies, unfortunately.
Bestow’s Benefits
There are a number of benefits to applying for a life insurance policy via Bestow. For starters, the company has an easy to use online application method, and their underwriting decisions are pretty quick.
The application itself only takes a couple of minutes to complete. You'll need to provide essential personal details, such as your name, social security number, and other identity information.
You will also be required to provide information about your life, like your medical history, citizenship, lifestyle, and hobbies. Finally, you will need to decide on your beneficiaries, which are the people who will receive the payout after you have passed.
Then, you will need to determine the policy you want and outline your payment details. If your application is approved, you can select your monthly payment plan, after which you'll need to enter your credit card details.
Applying for an Insurance Policy
Bestow has made the application process as simple as streamlined as possible, in an attempt to provide fast life insurance to as many people as possible. Their policies are affordable, and there are no exams, no hassles, and no waiting.
To start, you’ll want to visit Bestow’s website. You’ll then enter your basic information, like your gender, birthday, height, weight, and zip code.
You'll also need to indicate whether you use nicotine or not, which is crucial in determining the acceptance of your application. After that, you’ll be given an estimate, and then you’ll need to follow the application instructions from there.
Want to finance your insurance? Click here to learn how to apply for a BankAmericard Credit Card.
Contacting Bestow
Bestow lists all of their contact information at the bottom of their website. You can find their email address, which is team@bestow.com, their telephone number, which is 1-833-300-0603, and their various social media platforms.
There is also an option for you to engage in live chat with a representative via a chatbox. This can be quite useful if you’re looking for additional information and want it as soon as possible.
Summary
The world of fast insurance is a quickly expanding one, and companies like Bestow are going to take it to new heights. If you’re looking for term insurance as quickly as possible, do not hesitate to apply for one of Bestow’s policies. Your family will appreciate it.
