Bestow, a Dallas-based company that offers individual term life insurance plans, was established in 2016. Bestow acts as the authorized agent and collaborates with insurers who issue the insurance, like the North American Co. for Life and Health Insurance.
Bestow is proud that getting and applying for term life insurance is quick and easy. People ages 18 to 60 can buy policies with coverage amounts from $50,000 to $1.5 million. The length of these policies' terms ranges from 10 to 30 years, in five-year increments.
On the Bestow website, applicants enter some basic personal information to get an instant rate quote. If they want to move on, they can fill out an application online. Since no medical exam is needed, it can only take a few minutes to apply and get approved.
Policies: Bestow only has one policy, which is term life insurance that pays out when the insured person dies. This policy does not have any available riders. The North American Co. for Life and Health Insurance makes the policies that Bestow sells.
Coverage Limits: A Bestow term life insurance policy's coverage limits range from $50,000 to $1.5 million. Coverage Limits: Bestow's term life insurance is only for people between the ages of 18 and 60.
Bottom Line: Bestow may be good for people who want to buy term life insurance online quickly and without a medical exam. Coverage amounts range from $50,000 to $1.5 million for terms of between 10 and 30 years. But only adults between the ages of 18 and 60 can use it.