Bestow Life Insurance Review 2022: Affordable Plans from a Highly Rated Provider


GOBanking Rates Score

Quick take: Bestow Life Insurance works with quality A+ rated insurers to provide term life insurance. The company does not require health exams and there is no waiting period for benefits once it has accepted the consumer’s insurance application. The plans are affordable and coverage ranges from $50,000 to $1.5 million.

The plans aren’t available in New York or for people age 61 and older, which are two big downsides. The company may also deny you coverage based on their eligibility questionnaire.

  • Affordability
  • Accessibility
  • Coverage Waiting Period
  • Consumer experience

How did we calculate this?

Introduction to life insurance

Grant life insurance presents itself as an easy way to access life insurance. Most life insurance companies require clients to participate in a health screening prior to approval. Instead, Bestow asks consumers to complete a health and lifestyle questionnaire that it uses to determine eligibility.

The insurer offers policies in five-year increments. Coverage terms range from 10 to 30 years. Applicants between the ages of 18 and 60 may be eligible based on certain criteria. Applicants can opt for coverage ranging from $50,000 to $1.5 million.

North American Company for Life and Health Insurance as well as Munich Re – both of which received an A+ rating from AM Best – back Bestow’s life insurance policies. Additionally, Bestow Life Insurance has earned an A+ rating from the Better Business Bureau.

Unfortunately, policies are not available to people age 61 or older or those who live in New York. Additionally, the app suggests that lifestyle and health habits are the basis for coverage approval. However, some BBB reviews claim that factors such as BMI, previous felony convictions, and other factors may be taken into account.

Main characteristics

Here are some key features to consider before purchasing Bestow life insurance.


Free life insurance is an affordable option with plans starting at just $10 per month. However, this price may vary on a case-by-case basis as rates are based on a wide range of factors. The most important ones that play a role in the cost of life insurance coverage are usually:

  • Age. Insurance companies pay particular attention to the age of applicants in relation to life expectancy. Young consumers present lower risks to life insurance companies, which is why they generally pay lower premiums. Conversely, the elderly pay higher premiums, as they are considered a higher risk for insurers.
  • Sex. Females generally live about five years longer than males. Consequently, women tend to pay lower life insurance premiums than men of the same age.
  • Health and lifestyle. Insurance companies usually pay close attention to the health and lifestyle activities of applicants. After all, overweight, inactive consumers are at higher risk than those who are fit and work out three times a week.

Given these factors, a 50-year-old male probably doesn’t qualify for a $10 plan. Nonetheless, the platform’s prices are competitive for all eligible ages.


Accessibility is an important part of the life insurance conversation. As consumers age, they typically find that they no longer qualify for certain life insurance products. In addition, health screening requirements result in new accessibility limitations.

Free life insurance is very accessible.

People aged 60 and under may qualify for coverage without a medical exam. The company’s reasonable pricing structure further improves affordability for consumers.

A real issue regarding accessibility is that the company does not accept New York residents. Of course, the results of health and lifestyle questionnaires can also limit accessibility. Additionally, some consumer reviews of the BBB suggest that credit scores and criminal history may also lead to accessibility limitations. These limitations are why the service scored a 4.5 in this category rather than a 5.

Coverage Waiting Period

Most health insurance companies require customers to pass a medical exam before coverage begins. This means there is a waiting period that customers are not covered by most plans, from the time consumers sign up until they pass the medical exam.

Bestow health insurance does not have a medical exam or a waiting period. Coverage begins as soon as they accept the consumer’s application and the consumer makes their first payment.

Consumer experience

Online reviews on life insurance site Bestow suggest that the consumer experience has been positive. This is further backed by the company’s A+ rating with the BBB.

However, several complaints on BBB’s website suggest the company is using bait and switch tactics. For example, some customers claimed that the company turned them down simply because they were in their late 50s. However, the Bestow life insurance website suggests that the company covers consumers up to age 60.

Nonetheless, all of the complaints on the BBB website were about an inability to be accepted for a plan rather than payment issues or other actual service issues.

Comparable life insurance offers

Insurance coverage options vary by person and provider. Those who are unhappy with what Bestow life insurance has to offer should consider the following competitors.

haven of life

Haven Life offers no-exam term life insurance with plans that begin immediately upon acceptance of coverage. Applicants may qualify for terms up to 30 years and coverage up to $500,000. The company also offers coverage amounts up to $3 million, but high coverage amounts will incur a health exam requirement. Plans start at around $10 per month, and the service is available to New York residents.

AIG Direct

AIG Direct also offers a term life insurance offer that does not require a health exam. Consumers can qualify regardless of their medical condition, although the company may charge a higher premium for consumers with medical conditions. The company also offers guaranteed issue whole life insurance, but coverage amounts for these policies only range from $5,000 to $25,000.

How to Apply for Donation Life Insurance

Those interested in purchasing Bestow life insurance should start by going to the company’s website. Applicants should click on the “Get Quote” button at the top right of the website to start the application.

It is important to be completely honest when completing the application. If insurance companies discover that the consumer lied during the claims process, they can refuse to pay claims, drop coverage, or impose higher fees and penalties.

Once all requested information is complete, applicants should receive a coverage decision and price. If they are satisfied with the price, they can fill out the forms and make the first required payments directly on the website.

Who is Bestow life insurance for?

Granted life insurance is best for young consumers with few health risks. Based on customer reviews, people aged 50 or older and those with a higher BMI might have a harder time getting approved. The life insurance coverage limits granted range from $50,000 to $1.5 million, so those looking for a lower or higher amount of coverage will have to look elsewhere.

Final take

Free life insurance is an easy way to access insurance coverage, especially for young adults with low health risks. Insurance coverage begins immediately upon approval and prices are affordable, making Bestow a compelling option for many.

Click here to visit Donner and learn more.

Attribution Life Insurance FAQs

Here are answers to some of the most frequently asked questions about Bestow life insurance.

  • Is Bestow a legit life insurance company?
    • Bestow Life Insurance is a highly respected company in the life insurance industry. The company has an A+ rating from BBB and works with two insurers, both of which have received an A+ rating from AM Best.
  • Does Bestow life insurance pay off?
    • Life insurance helps surviving relatives pay for expenses when the insured person dies. Policies issued by Bestow Life Insurance pay a lump sum death benefit. This means that when an insured person dies, the beneficiaries listed on the policy will receive a payment equal to the coverage amount on the policy.
  • How much does Bestow life insurance cost?
    • Bestow life insurance plans start at $10 per month. Rates will depend on the length of the plan, the amount of coverage and the health, lifestyle and age of the covered party.
  • By whom is Bestow life insurance guaranteed?
    • The North American Company for Life and Health Insurance as well as Munich RE back policies issued by Bestow Life Insurance. Both insurers are currently rated A+ by AM Best.

Editorial Note: This content is not provided by Bestow. Any opinions, analyses, criticisms, evaluations or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed or otherwise endorsed by Bestow.

Our in-house research team and on-site financial experts work together to create accurate, unbiased and up-to-date content. We check every stat, quote and fact using trusted primary resources to ensure that the information we provide is correct. You can read more about GOBankingRates processes and standards in our Editorial Policy.


About Author

Comments are closed.