Bestow Life Insurance Company(Iowa)Overview ; Membership , Contacts , Finances, Claims , Ratings, Reviews and Many More

Bestow Life Insurance Company provides quick, simple, and affordable term life insurance policies. Our mission is to make life insurance easy to understand and get for everyone, so that it can boost financial stability for all.

Bestow Life Insurance Company


Meet Bestow Life Insurance Company

Bestow creates insurance technology to speed up carrier modernization. We offer adaptable software solutions for the entire insurance process, from the start to management.

The future of life insurance is now with our Bestow Platform. It offers a digital buying experience tailored to your brand and business needs, meeting the expectations of today’s customers.

Our platform uses advanced underwriting technology to cut costs and swiftly introduce new products based on your rules and pricing.

We also simplify your operations by providing tools and portals for underwriters, agents, administrators, and customers.

Brief History About This Company

Bestow Life Insurance Company started in 2016 to make life insurance easy for everyone. A year later, they launched a fully digital platform for life insurance.

It lets people apply for term life insurance online without a medical exam. Bestow’s goal is to boost financial stability for all through affordable and user-friendly life insurance.

In 2021, Bestow got bigger by acquiring Centurion Life Insurance Co. in Iowa. This helped them offer more to customers and reach even more people.

They’ve earned an “excellent” rating from real customers and have an A+ rating from the Better Business Bureau.


Bestow Inc. is located at:

2700 Commerce St, Ste. 1000

Dallas, TX 75226

You can reach us at 800-835-8803.

Benefits of Joining This Company

Bestow offers many benefits to its customers. Here’s what you can expect when you join Bestow:

  1. Quick and Easy Application: Bestow’s term life application process is entirely online and takes as little as 5 minutes. You don’t need a medical exam, and you can apply for life insurance from the comfort of your home.
  2. Affordable Premiums: Bestow provides affordable premiums starting at just $11 per month for healthy applicants. It’s a great choice for those seeking straightforward term life insurance.
  3. No Medical Exam: Bestow offers no-exam life insurance, so you can get coverage without the hassle of a medical exam.
  4. Excellent Customer Ratings: Bestow is highly rated by real customers, with an “excellent” rating. It also holds an A+ rating from the Better Business Bureau, showing its commitment to excellent customer service.
  5. Cutting-Edge Technology: Bestow uses advanced insurance technology to modernize carriers. They offer scalable software solutions for the entire insurance process, from start to finish, using innovative underwriting technology to cut costs and launch new products quickly. They also provide tools and portals for underwriters, agents, administrators, and customers.
  6. Data Enrichment Solutions: Bestow Data Solutions enhances your data through a sophisticated modeling engine for targeted audience segmentation and improved funnels. This gives you valuable customer insights to optimize your marketing spending. They also offer robust audience mapping for more cost-effective cross-selling and product routing.

How To Join Bestow Life Insurance Company

You can visit their website to scout for job vacancies that match your qualifications. Then apply for them.

Products And Services Offered By This Company

Bestow provides quick, easy, and affordable term life insurance. You can get no-exam coverage for 10, 15, 20, 25, or 30 years, with amounts from $50,000 to $1.5 million.

The application is simple, and no medical exam is needed, making it a great choice. It takes only a few minutes to apply and get approved.

Bestow’s policies have level premiums for a set period, like 10 years. You can’t renew them when this period ends. Healthy applicants might pay just $11 per month.

Bestow is also a tech-savvy company. They create insurance technology that speeds up carrier modernization with software solutions for every step of the insurance process.

They also offer data solutions to enhance your data with smart audience segmentation and funnel improvements.

Bestow Life Insurance Company

Bestow’s Funding

It is a life insurance company that provides quick, simple, and affordable term life insurance policies. According to Crunchbase, they’ve secured a total of $137.5 million in funding across four rounds.

Their most recent funding came from a Series C round on December 16, 2020. Bestow is backed by eight investors, with Core Innovation Capital and Valar Ventures being the latest ones. As of December 16, 2020, Bestow’s post-funding valuation falls in the range of $100 million to $500 million.

Filling Claims With This Company

Filing a claim with Bestow is simple. You have two options: fill out the claim form on their website or call them at 833-300-0603 to start the process.

Once they get your notice, Bestow will search for your policy and inform the relevant insurance company that issued it.

If they can’t find the policy, they’ll help you look for coverage with other insurance companies not related to them.

Every beneficiary listed will get a claim packet from the insurance company that issued the policy. This packet will explain what you need to do to settle the claim.

Each beneficiary must send the required forms and information back to the insurance company that gave them the claim packet.

Remember, only the insurance company that issued the policy has the power to provide claim updates to beneficiaries, determine the requirements, and decide who gets the benefits and how they get paid.

Ratings And Reviews

Forbes Advisor suggests that Bestow life insurance can be a good choice if you’re in good health and want straightforward term life insurance quickly.

They offer no-exam coverage, and the whole application process is online. But, keep in mind, our evaluation discovered that their no-exam term life rates are higher than most companies we looked at.

Bestow has a maximum coverage age of 60 for $1.5 million, and policyholders can use the policy for a small business loan. On the flip side, there’s no accelerated death benefit if you get terminally ill.

Their no-exam term life rates are pricier compared to many competitors, and you can’t renew the policy after the initial term ends.

NerdWallet also checked Bestow and found it’s a good option if you’re healthy and want no-fuss term life insurance.

However, they noticed that Bestow’s no-exam term life rates are higher than most companies they reviewed.


Insurist reports that they’ve found lots of positive online reviews, with a Trustpilot rating of 4.6 out of 5 for Bestow.

One great feature to highlight is Bestow’s 30-day free-look period. Within this time, if you decide a Bestow life insurance plan isn’t right for you, you can cancel and receive a full refund.

Cooperate Responsibilities

Bestow Life Insurance Company


Bestow, an insurtech company, wants to make life insurance easy for everyone. Their goal is to boost financial stability for all.

Bestow has a platform that makes modern life insurance work and helps insurance companies bring in new ideas.

Bestow is dedicated to making sure every family can have the financial tools and protection they need.

They’ve joined forces with North American Co. for Life and Health Insurance and Centurion Life Insurance Co. to provide their policies.

As an insurance company, Bestow has to follow state and federal laws. Also, policyholders depend on insurance companies to help them when they need it and do what they promised in the policy.


Let’s answer some common questions about Bestow life insurance:

1. What type of life insurance does Bestow provide?
Bestow offers term life insurance policies that last from 2 to 30 years. These policies are issued by North American Co. for Life and Health Insurance and Centurion Life Insurance Co.

2. Am I a good fit for a Bestow policy?
Bestow’s policies are meant for healthy people with a low risk of passing away during the policy term. If you have a pre-existing medical condition or take part in high-risk activities, you might not qualify for coverage.

3. How do I apply for Bestow insurance?
The application process is entirely online and takes just a few minutes. You’ll answer some basic questions about your health and lifestyle. Depending on your age and coverage amount, you may need to provide more info or undergo a medical exam.

4. Is a medical exam needed for Bestow policies?
In most cases, you don’t need a medical exam for a Bestow policy. However, if you’re applying for a large coverage amount or have specific health conditions, you might have to take an exam or provide extra information.

5. What sets Bestow apart from other insurance companies?
Bestow is an insurtech company that uses technology to speed up the life insurance application process. Unlike traditional insurers, Bestow usually doesn’t require you to meet with an agent or take a medical exam.


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