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4.0
NerdWallet evaluation
Bestow Life Insurance
- Rated 4 stars out of 5 by NerdWallet.
- Sells term life insurance online without a medical exam.
- Fewer than the expected number of complaints for a company of its size.
Get a quote Launched in 2017, Bestow is an insurtech caller that sells term animation indemnity on-line. To apply, you ’ ll answer a series of questions about your health and life style, with no need for a medical examination. then, Bestow pulls data and uses algorithm to determine whether you qualify for coverage. If you do, your policy will be issued by the north american caller for Life and Health Insurance .
Bestow is based in Dallas and sells policies in all states except New York .
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Bestow life insurance
4.0
NerdWallet rate
Bestow earned 4 stars out of 5 for overall performance. NerdWallet ’ sulfur ratings are determined by our column team. The scoring formula takes into score consumer experience, complaint data from the National Association of Insurance Commissioners and fiscal military capability ratings.
Read more: Cheap Car Insurance in Delaware – NerdWallet
» MORE: Best liveliness insurance companies
Bestow life insurance pros and cons
| Pros | Cons |
|---|---|
| Quick coverage without a life insurance medical exam. | Can’t add riders to your coverage. |
| Good reputation among customers. | Policies aren’t available in New York. |
| Wide range of term lengths. |
» MORE: Compare life indemnity quotes
Bestow life insurance policies
Bestow offers term life policy to people 18 to 60 years erstwhile. You can choose a policy lasting 10, 15, 20, 25 or 30 years, with coverage up to $ 1.5 million ( or $ 1 million if you ’ re 50 to 60 years previous ). The company specializes in instant biography policy, which means eligible applicants can get covered right away without having to take a medical examination. But you can ’ thymine customize your policy with life policy riders .
Each condition has the postdate age limitations on applicants :
- 10-year term: Ages 18-60.
- 15-year term: Ages 18-55.
- 20-year term: Ages 18-50.
- 25-year term: Ages 18-45 for nontobacco users. For tobacco users, women 18-39 and men 18-37 may apply.
- 30-year term: Ages 18-40 for female nontobacco users and 18-39 for male nontobacco users. For tobacco users, women 18-31 and men 18-30 may apply.
You might be denied coverage if you ’ ve been diagnosed with or treated for cancer ( other than minor skin cancer ) in the by 10 years .
Bestow made our list of the best moment life policy companies in 2022 .
Bestow customer complaints and satisfaction
Over three years, north american ship’s company for Life and Health Insurance, which issues the policies sold by Bestow, drew fewer than the expect number of complaints to country regulators for a party of its size, according to a NerdWallet analysis of data from the National Association of Insurance Commissioners .
More about Bestow
Bestow ’ mho site is clean and easy to navigate. You can get an initial quote by entering your birth date, stature, weight unit, gender and ZIP code, then apply for a policy after that .
If you have questions about your policy, you can contact the team via live chew the fat, electronic mail or telephone. If you ’ re a beneficiary, you can start the claims procedure on Bestow ’ s site. then, you ’ ll receive a claims packet from the north american company for Life and Health Insurance .
Bestow doesn ’ t have a mobile app .
Life insurance buying guide
Before you start comparing companies, choose the type of life insurance you want, such as terminus or whole animation. Decide which life insurance riders, if any, you want the policy to include. Calculate how much life indemnity you need and how hanker you want the coverage to last. Check that the insurers you ’ ra considering offer the coverage you ’ re looking for .
When comparing rates, be indisputable the quotes are for the lapp total of coverage over the same menstruation of time. It ’ sulfur besides significant to make sure the policy ’ s medical requirements match your needs. For example, if you want to skip the life policy medical examination but don ’ t mind answering health questions, confirm that the application serve for each policy you ‘re comparing aligns with that.
Read more: Cheapest Car Insurance in Arizona | Bankrate
price may not be the biggest driver behind your decision to buy. Look at the issue of consumer complaints each caller receives, as high numbers can be a crimson flag about the quality of service .
For more guidance, see our life indemnity buy usher .
Life insurance ratings methodology
NerdWallet’s
These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our
Insurer complaints methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
NerdWallet ’ s life indemnity ratings are based on consumer experience, charge index scores from the National Association of Insurance Commissioners for individual biography indemnity, and weighted averages of fiscal strength ratings, which indicate a caller ’ sulfur ability to pay future claims. Within the consumer experience category, we consider still of communication and web site transparency, which looks at the depth of policy details available on-line. To calculate each insurance company ’ mho fink, we adjusted the scores to a curved 5-point scale.These ratings are a template, but we encourage you to shop around and compare several indemnity quotes to find the best rate for you. NerdWallet does not receive recompense for any reviews. Read our editorial guidelines NerdWallet examined complaints received by submit insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subordinate, measuring its partake of entire complaints relative to its size, or parcel of sum premiums in the industry. To evaluate a company ’ s ailment history, NerdWallet calculated a similar exponent for each insurance company, weighted by market shares of each subordinate, over the three-year time period. Ratios are determined individually for car, base ( including renters and condominium ) and biography insurance .
