Bestow Life Insurance – Get a Decision Instantly

Bestow-Life-InsuranceLooking for a life insurance policy without a medical exam or having to speak with a life insurance agent? Bestow Life Insurance may just have what you’re looking for.

Bestow Life Insurance is a new life insurance company who issues term insurance policies directly from North American – a large life insurance company that’s been in business since 1890, and has an A+ (Superior) rating from A.M. Best.

Continue reading to learn more about Bestow Life’s instant term life insurance.

Quick Article Guide:

  1. What is Instant Term Life Insurance?
  2. Who is Eligible for Instant Life Insurance Online?
  3. How Much Coverage Can I Qualify for?
  4. What if I Outlive My Policy?
  5. What’s the Application Process Like?
  6. Sample Life Insurance Quotes
  7. Buy Term Life Insurance Online Now

What is instant term life insurance?

Traditionally, when you apply for life insurance, it can take 4 to 8 weeks to hear back after submitting your application. However, some people have certain situations where they can’t afford to wait that long – that’s where instant term life insurance comes into play.

With Bestow Life’s instant life insurance policies, you can apply and if approved, start receiving coverage in as little as 15 minutes!

 Instead of taking a medical exam, Bestow uses an “algorithmic underwriting” method, where sophisticated software will electronically review your Medical Information Bureau (MIB) records, attending physician’s statements, prescription history, driving and criminal records to determine your overall risk and insurability. Do note that if you have some health issues or don’t meet Bestow’s “build” requirements, you may not be approved.

Who is eligible for instant life insurance online?

bestow eligibleBestow Life’s instant term life insurance is now available in 48 states, excluding Georgia and New York (although they are licensed in Georgia, so that could be changing soon). They offer policies to those between ages 21 and 55 ½.

While Bestow’s eligibility information is limited, they do mention on their website that reasons for a decline include a person’s “build” (their height, weight, and BMI), amount of existing coverage, or other factors that could prevent your application from approval.

How much life insurance coverage can I apply for?

Currently, Bestow Life solely offers term life policies. To those ages 21 to 55 ½, Bestow offers 2, 10, and 20-year level term policies, where you can choose coverage amounts from $50,000 to $1,000,000 (up to $500,000 for the 2-year policies).

Bestow Life does have age restrictions on their term policies. For example, you must be:

  • Age 45 or younger to purchase a 20-year term
  • Age 55 or younger to purchase a 10-year term

What is a level term life insurance policy?

Essentially, a “level” term policy means that for the “term” (length) of your life insurance policy, your coverage is guaranteed not to change, regardless of any changes to your age or health. The life insurance company cannot increase your rates or decrease your coverage for any reason during your term.

What if I outlive my policy?

Since term life policies are meant to be only temporary, most people do outlive their policy. Term life insurance is usually designed to provide affordable coverage for a certain period of time, and secure life events such as children’s education expenses, a mortgage, or buy/sell agreements.

While we may not have as much of a need for life insurance as we get older, many people still like to have a little bit of coverage in case something were to happen.

Unfortunately, Bestow doesn’t offer any policy riders at this time, such as a conversion option. If you decide to go with Bestow, it may be a good idea to layer your life insurance policies and either purchase an additional smaller permanent policy, or purchase another term policy from a different company that includes a conversion or annual renewal option with their term life insurance.

Can I cancel my policy?

cancel policyYes, you can cancel your policy at any time. Just give your independent life insurance agent a call to start the process.

Bestow also states that all their plans are A+ rated, come with a 30-day money back guarantee, and don’t have any cancellation fees.

What’s the application process like?

Bestow’s application process is very easy, and does indeed take only 10 or 15 minutes to complete. Some questions you can expect to be asked include:

  • Your name
  • Height and weight
  • State of residence
  • Place of birth
  • Social security number
  • Medical history
  • Tobacco usage
  • Beneficiary/beneficiaries
  • Etc.

After you finishing inputting your info, you’ll receive a quote. A nice perk about Bestow’s quote form is that you don’t have to put in your contact info to get a quote. In addition, you can save your progress and come back later if you need more time to think about applying with them.

Sample Life Insurance Quotes

Below we have provided sample life insurance rates from Bestow Life to help you estimate the cost of your policy. The monthly rates we’ve displayed are for 10 and 20-year terms.

Monthly Rates for A Non-Smoking Male in Excellent Health – 10-Year Term


Monthly Rates for A Non-Smoking Male in Excellent Health – 20-Year Term


Monthly Rates for A Non-Smoking Female in Excellent Health – 10-Year Term


Monthly Rates for A Non-Smoking Female in Excellent Health – 20-Year Term


*Sample rates are accurate as of 02/15/2019 and are provided for illustrative purposes only.

Buy Term Life Insurance Online Now

Does Bestow sound like a good match for you? If the answer is yes, what are you waiting for? Buy online today!

buy term life online nowJust like we mentioned previously, when you apply online, you can expect to be asked about your age, lifestyle, health status, and personal and family health history – all off which will be confirmed by a third-party vendor such as the Medical Information Bureau (MIB) to confirm that the information you entered is correct.

All it takes is 15 minutes. If approved, you can start coverage immediately!

To apply for a life insurance policy online, enter your information below to receive an immediate decision.

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About JRC Insurance Group

At JRC Insurance Group, we have helped thousands of families and businesses with their life insurance needs, and we can help you too! Our agency is licensed in all 50 states and we’re independently owned and operated.

As a non-partial, no-fee brokerage, our goal is match our clients with the best life insurance options available by shopping and comparing rates from more than 45 highly-rated insurers. By having access to dozens of companies and their guidelines, we’re able to save our client’s time and money.

Most importantly, our services as completely free, and there is no cost to apply for coverage. Give us a call toll-free today at 855-247-9555, or you can request a free quote online to compare rates and options from dozens of insurance companies in less than a minute.

Compare Rates from 50 Top-Rated Companies

Get your FREE instant quote online in less than a minute

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Jason Dana

Managing Partner at JRC Insurance Group
Jason offers more than a decade of life insurance experience to JRC where he is a co-founder and managing partner. He specializes with helping clients who are considered a “high risk" for life insurance by finding the most affordable options for coverage available to them. Outside of work, Jason enjoys surfing, traveling, and spending time with friends and family.
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