Is Bestow Life Insurance legit?: Contact details, Login, Ratings, Claims, Quotes, Careers, Cost

Life insurance is one of the most important financial decisions you can make for your loved ones.

But with so many options and providers out there, how do you know which one is right for you?

In this article, we will review Bestow, a new online life insurance company that claims to offer fast, easy, and affordable term life insurance without medical exams or paperwork.

Bestow Life Insurance contact details

• Phone Number: The phone number for Bestow is 800-835-8803. You can call this number to speak with a customer service representative or to file a claim.
• Address: The address for Bestow is 2700 Commerce St. Ste. 1000, Dallas, Texas, 75226, United States.
• Email address: The email address for Bestow is team@bestow.com

Bestow Life Insurance Login

To apply for a Bestow term life insurance policy, you need to create an account on their website.

You can do this by entering your email and password or by using your Google or Facebook account.

Once you log in, you can start the online application process, which takes about 10 minutes.

You will need to answer some basic questions about your health, lifestyle, and beneficiaries.

Bestow will then use data and algorithms to determine your eligibility and rate.

If you are approved, you can purchase your policy online and get covered instantly.

You can also access your policy details, make changes, or cancel your policy anytime through your Bestow account.

Bestow Life Insurance Ratings

Bestow is not a direct insurer but a distributor of term life insurance policies issued by North American Company for Life and Health Insurance, a well-established and reputable company that has been in business since 1886.

North American has an A+ (superior) rating from A.M. Best, which indicates its strong financial ability to pay claims.

Bestow also has an A+ rating from the Better Business Bureau, which reflects its customer service and complaint resolution.

Bestow has received mostly positive reviews from customers on Trustpilot, with an average rating of 4.6 out of 5 stars.

Customers praise Bestow for its simple and fast application process, competitive rates, and friendly support.

However, some customers complain about being denied coverage, having their rates increased, or experiencing delays in communication. See Bestow’s ratings

Bestow Life Insurance Claims

If you or your beneficiary need to file a claim with Bestow, you can do so online or by phone.

You will need to provide some information about the deceased, such as their name, date of birth, date of death, cause of death, and policy number.

You will also need to submit some documents, such as a death certificate, a claim form, and a copy of the beneficiary’s identification.

Bestow will then review the claim and contact you if they need any additional information or verification.

Once the claim is approved, Bestow will pay the death benefit to the beneficiary by check or electronic transfer.

The whole process can take anywhere from a few days to a few weeks, depending on the complexity of the claim and the availability of the documents.

Bestow Life Insurance Quote

To get a quote from Bestow, you can use their online quote tool.

You just need to enter your gender, birth date, weight, zip code, and coverage amount.

You will then see the monthly premiums for different term lengths, such as 10, 15, 20, 25, or 30 years.

The tool gives you the liberty to adjust the coverage amount and term length to see how it affects the price.

The rates shown are based on a healthy, non-smoking applicant.

Your actual premium will depend on your underwriting results.

If you like the quote, you can proceed to the online application and get covered today, if approved.

Is Bestow Life Insurance legit? Reddit

Reddit is a popular online platform where people can share their opinions, experiences, and questions about various topics, including life insurance.

There are several threads on Reddit where users discuss Bestow life insurance, and the opinions are mixed.

Some users praise Bestow for its convenience, affordability, and customer service.

Others criticize Bestow for its limited coverage options, strict underwriting criteria, and lack of transparency.

Some users also share their personal stories of being denied coverage, having their rates increased, or having trouble with the claims process.

Overall, Reddit users seem to agree that Bestow is a legitimate company, but not necessarily the best option for everyone. See what Reddit users say about Bestow

Bestow Complaints

Bestow has received relatively few complaints for a company of its size, according to the National Association of Insurance Commissioners (NAIC).

The NAIC tracks the number and type of complaints that consumers file against insurance companies and assigns a complaint ratio based on the company’s market share.

The average complaint ratio for the life insurance industry is 1.00, which means that one complaint is expected for every $1 million of premiums.

Bestow’s complaint ratio for 2020 was 0.00, which means that it received no complaints that year.

However, this does not mean that Bestow is flawless, as some customers may have expressed their dissatisfaction through other channels, such as BBB, Trustpilot, or Reddit.

Some of the common complaints that Bestow customers have are related to delayed claims, unfair claim settlements, policy cancellations, and misrepresentation.

Bestow Life Insurance Careers

Bestow is a fast-growing company that is always looking for talented and passionate people to join its team.

The company offers a remote-first, results-first work environment where employees can work where they work best.

Bestow also offers a competitive benefits package, including 100% coverage of healthcare premiums, flexible PTO, equity, and bonus opportunities, scholarships for education and enrichment, and more.

They are currently hiring for various positions in engineering, product, marketing, sales, operations, and more.

If you are interested in working for a company that is changing the future of financial resilience, you can check out Bestow’s careers page and browse the open positions. Apply for a job at Bestow

Bestow life insurance costs

The cost of Bestow life insurance depends on several factors, such as your age, gender, health, lifestyle, coverage amount, and term length.

Bestow uses data and algorithms to determine your eligibility and rating based on the health and lifestyle questions that you answer online.

Bestow does not require a medical exam or blood test, which makes the application process faster and easier but also more expensive than some other companies that offer no-exam term life insurance.

To give you an idea of how much Bestow Life Insurance costs, here are some examples of monthly premiums for different scenarios, based on the information from Bestow Life Insurance Review:

• A healthy 35-year-old female non-smoker can get a 20-year term policy with $500,000 of coverage for $33.50 per month.
• A healthy 35-year-old male non-smoker can get a 20-year term policy with $500,000 of coverage for $41.83 per month.
• A healthy 45-year-old female non-smoker can get a 20-year term policy with $500,000 of coverage for $64.17 per month.
• A healthy 45-year-old male non-smoker can get a 20-year term policy with $500,000 of coverage for $84.17 per month.

These are just estimates, and your actual premium may vary depending on your underwriting results.

Does Bestow pay out?

Yes, Bestow pays out the death benefit to the beneficiary if the policyholder dies during the term of the policy, as long as the claim is valid and approved.

Bestow has strong financial backing from North American, which has an A+ rating from A.M. Best.

Bestow also has a low complaint ratio, which indicates that it handles claims fairly and efficiently.

However, Bestow may deny or delay a claim if the policyholder lied or omitted information on the application or if the cause of death is excluded from the policy, such as suicide, illegal activities, or acts of war.

Does Bestow life insurance require a medical exam?

No, Bestow life insurance does not require a medical exam or blood test.

Bestow uses data and algorithms to underwrite policies based on the health and lifestyle questions that the applicant answers online.

Bestow also checks the applicant’s prescription history, motor vehicle records, and other publicly available data sources to verify the information.

This way, Bestow can offer fast and easy-term life insurance without medical exams or paperwork.

However, this also means that Bestow has stricter underwriting criteria and may reject applicants who have certain health conditions or risk factors.

What is the age limit for Bestow life insurance?

The age limit for Bestow life insurance depends on the term length of the policy.

Bestow offers term policies for 10, 15, 20, 25, or 30 years.

The minimum age to apply for any term policy is 18 years old.

The maximum age to apply for a 10-year policy is 60 years old; for a 15-year policy, it is 55 years old; for a 20-year policy, it is 45 years old; for a 25-year policy, it is 40 years old; and for a 30-year policy, it is 35 years old.

Which company is best for life insurance?

There is no definitive answer to this question, as different life insurance companies may suit different needs, preferences, and budgets.

The best life insurance company for you depends on several factors, such as your age, health, lifestyle, coverage amount, term length, policy features, customer service, and price.

You should compare multiple life insurance companies and quotes before making a decision.

Some of the factors that you can use to compare life insurance companies are their financial strength ratings, customer reviews, complaint data, product offerings, and online tools

Who is the CEO of Bestow Life Insurance?

The CEO and co-founder of Bestow Life Insurance is Melbourne O’Banion, a serial entrepreneur and digital marketing expert.

He launched Bestow in 2016 with the vision of making life insurance accessible and affordable for everyone.

He has led Bestow to become one of the fastest-growing and most innovative life insurance companies in the U.S.

Melbourne is also a board member of the Life Insurance Direct Marketing Association (LIDMA) and a member of the Forbes Technology Council.

Conclusion

Bestow Life Insurance is a legit company that offers no-medical-exam term life insurance online.

Bestow has a simple and fast application process, competitive rates, and strong financial backing.

However, Bestow also has some limitations, such as no permanent coverage, no riders, no renewal or conversion options, and strict underwriting criteria.

Bestow may not be the best option for everyone, and you should compare it with other life insurance companies before making a decision.

Do not forget to follow our blog page for more reviews of famous insurance companies.