Bestow Life Insurance Review 2020 • Benzinga – Get a quote in 5 minutes

Bestow is one of many companies seeking to simplify and simplify the process of purchasing term life insurance. Based in Dallas since 2017, Bestow calls itself a digital company that simplifies life insurance. Through its simple online quote procedure, you can find out in 5 minutes if you have been approved for coverage, giving you more peace of mind.

Find everything you need to know about this short-term life insurance option and how it can help you.

Who is it for?

You might ask yourself, "How much life insurance do I need?" Maybe you have a decent idea of ​​how much you need, but you don't have a real plan on how to get life insurance. Understanding how to buy life insurance is an important step in getting the financial protection you need in case something happens to you.

There are some people Bestow suits best:

People in transition from one job to another: not having life insurance between one job and another can be risky. If you have a family and children, having extensive protection in case something happens to you is a must. Moderately Healthy People: Bestow does not require you to undergo a medical examination or blood tests to get approval for coverage. People who need insurance quickly: if you want 10 or 20 year term insurance with coverage of up to $ 1 million, the online approval process is faster than trying to get the insurance 39; term insurance in the traditional way. People aged 21 to 40: this age group requires simple coverage at an affordable price. Parents, young couples, and individuals of this age want the simplicity of an online approval platform, and Bestow offers it.

Give products

10-year term insurance: 10-year term life insurance; includes up to $ 1 million 20-year insurance coverage: 20-year term life insurance; includes up to $ 1 million coverage.

Focus on Term Life: conferring options

Bestow offers numerous term living options. Through its online approval process, simply choose the amount of coverage you want and answer a few simple health questions. In minutes, Bestow extracts information about you from the databases available on the web with your permission and uses its smart algorithms to determine if you are eligible for coverage.

Discounts available and advice on how to get the best rates

The best way to save on life insurance is to take care of your health. You will get much better rates if you are not a smoker. It is important to be honest and sincere in your question about any health problems you have.

Typically, the younger you are when you buy life insurance, the better your rates are. Depending on how your health progresses over the years, however, you may find it more difficult to find companies that are willing to work with you when you grow older.

If you choose a 20-year Bestow 25-year life policy, you need to search for 45-year insurance again. At that point your life insurance needs may differ significantly from when you were 25, so it makes sense to compare the prices of the best insurers when the time comes. Everyone wants to save money, so make sure that when you decide between cheap life insurance companies you get the coverage you need to protect adequately.

Benefits of Bestow's digital-only approval process

Bestow is proud to offer a digital alternative to the old-fashioned life insurance purchase process. It does this by extracting freely available information about you from a variety of databases. This can only be done with your permission using the information you entered in the application. The process is surprisingly fast, thanks to Bestow's intelligent algorithms and in-depth research capabilities. The system is smart enough to know how to make a fairly accurate decision about your approval based on a variety of factors and a great deal of thought and attention has helped make the process easy to use.

Prices and value

The price you pay for life insurance depends on your age, general health, gender and whether or not you are a smoker. For example, a 25-year-old non-smoker who wants 10 years and $ 50,000 in coverage would pay only $ 8 a month according to Bestow.

A healthy 27-year-old non-smoker can get a 20-year term for $ 34 a month, while a healthy 35-year-old non-smoker can be covered for a decade for only $ 26 a month. Everyone's insurance needs are different, which is why it's a good idea to try the online quote and approval process with Bestow. (This information is correct as of 06/11/2019).

Overall, we found that Bestow is very good value for money if you are healthy, non-smoker and aged between 21 and 45 years old.

Get a personalized quote from Bestow here.

Customer service

Bestow Customer Support Consultants are licensed insurance agents who are not paid on commission, so they have no incentive to attempt to push a sale. Instead, it provides simple and friendly help through a variety of channels.

By phone on 833-300-0603. By email at team@bestow.co. For live chat on the Bestow website

Claims support

Making a complaint with Bestow is simple and straightforward. Bestow aims to process most complaints within 10 days. Filing a complaint with Bestow can be done in 3 simple steps:

Fill out the form available at: https://hellobestow.com/file-a-claim/.Bestow then collaborate with your insurance carrier to speed up the processing of complaints As long as there are no disputes, the partner insurance contact the beneficiary to obtain the relevant information to pay the claim.

Have a life insurance you can count on

Bestow meets a specific need in the life insurance market: an insurance for people belonging to a specific age group who need life insurance and are moderately healthy. The online application process has simplified the inefficiencies that can be found in the traditional life insurance purchase process, placing Bestow in a category of startups that shake the status quo by adding greater efficiency and understanding.

With a simple application and approval process that can be completed in 5 minutes online, Bestow is a solid option for life insurance buyers who are looking for a 10 or 20 year short term insurance plan without too much hassle or paperwork. .

Frequent questions

1) Q: I have life insurance for work. Do I need more coverage?

1
1) Q: I have life insurance for work. Do I need more coverage?
asked on 06-11-2019

Sherice Jacob

1
Most group life insurance policies offered by employers offer a death of 1-3 years' salary. For many families, this amount will not be enough to retire debt or provide for the surviving family. A commonly used rule of thumb suggests that you should have at least 8-12 times your income in life insurance coverage.

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answer 06-06-2019

Benzinga

2) Q: Is life insurance taxable?

1
2) Q: Is life insurance taxable?
asked on 06-11-2019

Sherice Jacob

1
In most cases, the death benefit paid to the life insurance recipients is tax free. However, if policy premiums were considered as deductible business expenses, there may be a tax obligation. There is also the possibility that a life insurance payment could change the way a property is taxed.

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answer 06-06-2019

Benzinga

3) Q: What are the benefits of life insurance?

1
3) Q: What are the benefits of life insurance?
asked on 06-11-2019

Sherice Jacob

1
A lifetime policy allows you to purchase coverage at a guaranteed premium for a limited period of time. This structure makes term living an affordable choice to protect your family if you have a financial commitment that won't last forever, such as a mortgage or the cost of raising children. A 20-year life insurance policy is the most popular life insurance policy purchased to protect loved ones in the event of an unexpected event. Request a quote here from the best suppliers.

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answer 06-06-2019

Benzinga