Is Bestow Term Life Insurance Legit: Outline, Contacts, Services, Claims, Policy, Pros & Cons

Is Bestow Term Life Insurance Legit: Explore the authenticity of Bestow Term Life Insurance.

An image illustration of Bestow Term Life Insurance
Bestow Term Life Insurance: The best among the rest.

Life insurance stands as a critical financial decision for securing your loved ones’ future.

The quest for the right policy, however, often entails challenges such as medical exams, lengthy applications, high premiums, and complex terms.

Seeking a simpler and faster alternative, many turn to Bestow Term Life Insurance.

But is Bestow legit? How does it operate? What are the pros and cons?

This blog post endeavors to address these queries and more.

Company Details

Bestow, established in 2016 in Dallas, Texas, positions itself as a provider of online term life insurance policies.

Melbourne O’Banion, the CEO and co-founder, brings over 15 years of experience to the intersection of insurance and technology.

Bestow collaborates with renowned entities like North American Company for Life and Health Insurance and Munich Re, ensuring credibility and extensive coverage.

Company Contacts

Contacting Bestow is straightforward with the following details:

  • Phone Number: (833) 300-0603
  • Address: 750 N St Paul St #1900, Dallas, TX 75201
  • Customer Service:
  • Email Address:
  • Fax Number: N/A
  • Operating Hours: Monday-Friday, 8 am-5 pm CST

Services & Products

Bestow’s offerings include term life insurance policies ranging from $50,000 to $1.5 million, available for individuals aged 18 to 60.

Terms span 10 to 30 years in five-year increments, with coverage options extending up to $1 million for those aged 50 to 60.

Notably, no medical exams or blood tests are required; instead, a straightforward online questionnaire yields an instant decision and a quote within minutes.

Policy management, including cancellation without fees, is facilitated online.

Pros and Cons

Consider the following when evaluating Bestow:


  1. Speed and Simplicity:
    • No prolonged medical exams or intricate applications; quotes and decisions are swift.
    • Online policy purchase in as little as five minutes.
    • Hassle-free policy management and document access.
  2. Affordability and Flexibility:
  3. Reliability and Trustworthiness:
    • Partnerships with esteemed life insurance companies ensure financial strength.
    • A+ rating from the Better Business Bureau and positive customer reviews.
    • Compliance with state insurance regulations.


  1. Limitations and Restrictions:
  2. Lack of Personalization:
    • Absence of riders or add-ons for enhanced policy customization.
    • Limited flexibility and control over the policy’s features.
  3. Non-Comprehensive Nature:
    • Exclusivity to life insurance; no offerings in retirement planning, investment advice, or estate planning.
    • No support for claims; direct dealings with the insurance company are required.

Claims Process

In the event of a claim, direct contact with the issuing insurance company is necessary.

Bestow does not handle or assist with claims, necessitating adherence to the insurance company’s instructions and procedures.

Providing essential information and documentation is crucial for the insurance company to review and determine the claim’s amount and method of payment.

Understanding Bestow Term Life Insurance Policies

Here are some key policy details to consider:


  • The premium is the amount paid to the insurance company to maintain an active and valid policy.
  • Payment frequency options include monthly or annually, offering flexibility based on personal preference.
  • You pay some money to the insurance company to keep your policy going.
  • The money you pay can be different for different people, depending on things like how old you are, how healthy you are, how you live, how much money you want from your policy, and how long you want your policy to last.
  • Some policies may make you pay more money as time goes by, depending on what kind of policy you have.

Death Benefit:


  • The beneficiary is the individual or entity designated to receive the death benefit in case of the policyholder’s demise.
  • Flexibility is provided in naming one or more beneficiaries, along with specifying the percentage each beneficiary receives.
  • You can change who gets the money from your policy if you die, as long as your policy is still working.


  • The term is how long the policy lasts and covers you.
  • The term can be different for different policies.
  • You can renew some policies and keep them longer.
  • You don’t need to apply again or take a health check.
  • You can make some policies permanent or whole life.
  • They never end and have other good things.

Policy Changes and Cancellation through Bestow


A: Bestow’s revenue is derived from commissions or fees received from partnered insurance companies.

Additionally, compensation may be received from third-party companies offering products or services related to life insurance.


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