Bestow Life Insurance

As low as $2.50/mo





Customer Service




User Experience



  • Affordable rates
  • No medical exam
  • Fast approval
  • Flexible cancellation policy


  • No permanent options available
  • Only available online
  • Max term is 20-year (no 30-year term available)
  • Only available to ages 21-54

Disclosure: We scrutinize our research, news, ratings, and assessments using strict editorial integrity. In full transparency, this company may receive compensation from partners listed on this website through affiliate partnerships, though this does not affect our ratings. Learn more about how we make money by visiting our advertiser disclosure.

Do you need term life insurance to meet your coverage needs? You could have a policy of $1,000,000 in as little as 5 minutes when you apply through Bestow for coverage.

Because life insurance acts as an essential part of a sound financial plan, having a policy in place can help you protect your loved ones from the financial risk that might arise with your passing.

Fortunately, the death benefits provided by life insurance can cover any needs, including final expenses like burial or cremation, paying off a mortgage or student loans or any other types of debt which need to be managed. Depending on the beneficiaries’ needs, some choose to use life insurance to replace the deceased’s income in order to maintain the same lifestyle without financial hardship.

Bestow, currently headquartered in Dallas, Texas, chooses to take a more modern approach to life insurance coverage.  The company offers insurance through a simple online application and then employing a rapid approval process guided by data analytics.  The modernity does not stop there. It also does all of this without taking a medical exam, allowing for a completely remote application, approval and coverage process. 

This Bestow review details the term life insurance coverage offered by the company, as well as the cost and process for getting coverage.  Bestow represents our top pick among the best life insurance companies offering coverage online.

Bestow Term Life Policy Options

Products offeredTerm life insurance.
Term options10 and 20 years.
Age availabilityFor 20-year policies, 21 to 45 (21 to 43 for male tobacco users); for 10-year policies, 21 to 54.
Coverage rangeUp to $1,000,000 for 10- and 20-year terms.
Medical exam required?No.
Can be denied for coverage?Yes.
Available inAll states except NY.


Bestow Overview

Bestow commits to employing technology to provide competitive life insurance quotes to its customers.  It does so by relying on data and not needing medical examinations (as many life insurance insurers require) in a bid to streamline life insurance approval and underwriting.

Bestow started in 2016 when co-founders Jonathan Abelmann and Melbourne O’Banion launched the company in a bid to help address the issue of financial preparedness for families, but without the complex processes often imposed by traditional life insurance companies. To accomplish this feat, Bestow offers both short- and long-term life insurance without a medical exam or a complicated underwriting process.

The company no longer offers a two-year plan which allowed you to obtain coverage during life transitions, providing you sufficient time to figure out your long-term needs. The company discontinued this product because customer interest was not high enough to justify continuing the product. On the other hand, for those with more long-term certainty, if you know how much insurance you will need and wish to lock in a low price now, you can choose between 10 or 20 years term life insurance plans.

Not only does Bestow offer unique product flexibility, Bestow also offers an exceptional opportunity to enjoy a convenience-friendly (i.e., from your smartphone) term life insurance policy without having to take a medical examination.  Because of this, you can ascertain whether they are the right option for your needs sooner.

Bestow’s Financial Picture

Bestow has received notoriety for its streamlined online application that can be completed — and in many cases, approved — within minutes.  

Financial strength lends itself to the company’s association with North American Company for Life and Health Insurance®, one of the leading U.S. companies for issuing life insurance and annuities.  Further, because of this relationship and sound money management skills, they have received an “A+ (Excellent)” rating by A.M. Best, Fitch, and Standard & Poor’s, indicating sound financial health.

As a reminder, financial strength should serve as an important determinant when choosing an insurer because it indicates how well an insurer can manage to pay claims made by policyholders. Because these life insurance claims might not occur until decades in the future, this rating serves as an absolute differentiator if all else appears equal for term life insurance policies.

How Much Does Life Insurance By Bestow Cost?

The cost of life insurance depends on various factors.  Bestow, like any other insurance company, screens applicants on their age, smoking status (i.e., smoker vs. non-smoker) state of residence, and other details about their medical history and demographic profile. 

From there, these answers provide information to insurance underwriters to evaluate your eligibility and corresponding premium amount using actuary tables. An additional element to consider on determining the premium amount comes from the total amount of coverage you want.  Understandably, higher coverage amounts usually cost more even for the healthiest applicants, all things being equal.

Because Bestow does not require a medical exam for receiving term life insurance coverage through the company, the company relies on algorithms to determine an applicant’s risk profile before providing an offer for monthly premium payments. 

Consider the following three examples (data gathered 5/4/2020):

  1. Healthy 27-year old female who does not smoke would pay just over $8 ($8.17) per month for a 10-year plan with $100,000 in coverage. 
  2. Healthy 32-year old male with $250,000 in 10-year term coverage would stand to pay about $16 ($16.04) per month.
  3. Healthy 37-year old male who does not smoke and requests a $1,000,000, 20-year policy, faces a monthly cost of $59.16.

bestow life insurance quote

How Bestow Works

People can apply for life insurance entirely online by answering some simple lifestyle and health questions about themselves. Bestow combines the answers provided in your initial application with big data functionality to assess applicant risk and coverage options instantly. If approved by Bestow’s underwriting process, term life insurance customers can check out with their policy in less than 5 minutes from start to finish.  That’s a hard time to beat. 

Bestow’s digital application enables an entirely online experience, completely different from traditional industry offerings, which usually require paper forms, and meeting with an agent and taking a medical exam. The process can take days or even weeks.

Other online life insurance companies may offer an indicative quote online, but then refer applicants to enter a more traditional underwriting application process. Bestow has modernized the process to occur entirely online, for every policy. Period.

Why Bestow?

Bestow serves as an excellent option for individuals aged 21-45 looking for 20-year term life insurance and 21 to 54 years old looking for 10-year term life insurance policies.  In other words, primarily Gen-Zers, Millennials and Gen-Xers looking to provide coverage for themselves and their dependents easily and quickly.

Finally, Bestow shows quality reviews and rating on the Better Business Bureau and strong customer satisfaction ratings. Despite the relative youth of the company, many have awarded the startup company numerous notable accolades.

Below comprises the major need-to-know facts about Bestow:

  • 100% online application and policy origination process
  • No medical exams
  • A+ rated financial strength
  • No commissioned sales agents
  • Only sells term life insurance policies (see age and product offering restrictions above)
  • Adjustable and non-renewable plans to meet your needs
  • Coverage from $50,000 to $1,000,000
  • 10 and 20 year terms available
  • Geared toward Gen-Z, Millennials and Gen-X
  • Quotes in seconds, coverage in minutes

NOTE: As mentioned above, Bestow only covers people aged between 21 to 45 for a 20-year term and 21 to 54 years old for a 10-year term.


Disclosure: The opinions and ideas expressed in the article are those of the author(s) and are not promoted or endorsed by Bestow or North American. You should always consider seeking professional advice before making a major financial decision.

How Bestow Compares

See how Bestow compares against the other online life insurance agencies in the market.  Have a look at each review by clicking on the relevant links below to learn which might lead to your best policy.

Best Online Life Insurance Agencies - 2020

BestowHaven LifeFabricEthos
bestow life insurancefabric life insurance
ethos life insurance
Products offered?Term life insurance only.Term life insurance only.Term life insurance and accidental death.Term life insurance.
Term options10 and 20 years.10, 15, 20 and 30 years.10, 15 and 20 years.10, 15, 20 and 30 years.
Age AvailabilityFor 20-year policies, 21 to 45 (21 to 43 for male tobacco users); for 10-year policies, 21 to 54.18 to 64.18 to 60.18 to 75.
Coverage amount availableUp to $1,000,000 for 10- and 20-year terms.$100,000 up to $3,000,000.$100,000 up to $5,000,000.$100,000 up to $1,500,000.
Medical exam required?No.Depends. A medical exam may not be needed for eligible applicants applying for up to $1,000,000 in coverage. Once an application is submitted, you will find out if a medical exam is needed to finalize your rate. Depends. May be required if more health information is needed. Better rates possible with medical exam.Depends. May be required on policies over $1,000,000 or if more health information is needed.
Can be declined for coverage?Yes.Yes.Yes.Yes.
Available inAll states except NY.All states except CA, DE, FL, ND, NY, and SD.All states except MT, CA*, and NY*.All states except NY.
*Must purchase Fabric Instant (accidental death) first, then can purchase Fabric Premium.
Prices, products offered and coverage terms effective as of publication.

About the Site Author and Blog

In 2018, I was winding down a stint in investor relations and found myself newly equipped with a CPA, added insight on how investors behave in markets, and a load of free time.  My job routinely required extended work hours, complex assignments, and tight deadlines.  Seeking to maintain my momentum, I wanted to chase something ambitious.

I chose to start this financial independence blog as my next step, recognizing both the challenge and opportunity.  I launched the site with encouragement from my wife as a means to lay out our financial independence journey and connect with and help others who share the same goal.


I have not been compensated by any of the companies listed in this post at the time of this writing.  Any recommendations made by me are my own.  Should you choose to act on them, please see my the disclaimer on my About Young and the Invested page.

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