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Bestow Life Insurance Review 2022

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Bestow Life Insurance Review 2022

Bottom line: Bestow is a straightforward option for fast life insurance, but its lineup is limited.
Bestow Life Insurance Review


  • Rated 4 stars out of 5 by VanQuangBlog.
  • Sells term life insurance online without a medical exam.
  • Fewer than the expected number of complaints for a company of its size.

Founded in 2016, Bestow is a relatively new startup that aims to make life insurance simpler and easier. Offering only term life policies, Bestow allows you to get quotes and apply for insurance online. If approved, your coverage can start within minutes. However, it has limited coverage amounts and no insurance riders at all. For individuals looking for more comprehensive insurance options, you may need to find another company.

Bestow is based in Dallas and sells policies in all states except New York.

Bestow life insurance


4.0 VanQuangBlog rating

Bestow earned 4 out of 5 stars for overall performance. VanQuangBlog’s rating is determined by me. The scoring formula takes into account consumer experience, claims data from the National Association of Underwriters, and financial strength ratings.

Bestow life insurance pros and cons

Bestow life insurance policies

Bestow offers term life insurance to people 18 to 60 years old. 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 old). The company specializes in instant life insurance, which means eligible applicants can get covered right away without having to take a medical exam. But you can’t customize your policy with life insurance riders.

Each term has the following 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 past 10 years.

Bestow made our list of the best instant life insurance companies in 2022.

Available Riders

Many insurance companies have insurance riders, or endorsements, you can add to your policy to personalize your coverage. For example, many companies have accelerated benefit riders that allow you to access a portion of your benefits while you’re still living if you are diagnosed with a chronic or terminal illness. 

However, Bestow does not offer any riders, so you don’t have access to those benefits. If you’re looking for an accelerated benefit, waiver of premium, or children’s term rider, you’ll have to apply for coverage from another company. 

Customer Service

If you need assistance applying for coverage or managing your policy after approval, Bestow has multiple customer service options. 

You can call 833-300-0603 to speak to a representative, or you can use its live chat feature to get immediate help. You can also email team@bestow.com

Bestow has a member portal where you can view policy documents, make payments, and change your beneficiary. Claims can also be submitted online.

Complaint Index

Every year, the National Association of Insurance Commissioners releases company complaint ratios. The ratio reflects the number of complaints companies receive relative to their share of the insurance market. A company with a ratio above 1.0 received more complaints than is typical, while a company with a ratio under 1.0 received fewer complaints. 

As of 2020, North American’s complaint ratio for its individual life insurance segment was 0.68, better than the national complaint index.

Third-Party Ratings

Bestow has a strong reputation and is backed by a major insurance company.

North American, the company that issues life insurance policies to Bestow customers, has an A+ (Superior) rating from AM Best. A high Financial Strength Rating from AM Best indicates that the company is financially sound and is able to meet its policy and contractual obligations, meaning it will be able to pay out claims.

Neither Bestow nor North American Company for Life and Health Insurance is included in the J.D. Power 2020 U.S. Individual Life Insurance Study.

Cancellation Policy

With many insurance companies, you have a 10-day free look period after the policy has been issued. During the free look period, you can cancel your policy without penalty and get a full refund. 

With Bestow, you have a 30-day guarantee. If you cancel your policy within 30 days of its issue, you’ll get a full refund. 

After the 30-day period, you can cancel at any time without paying cancellation fees. However, you won’t receive a refund of premiums you paid. 

Policies cannot be canceled online. To cancel your policy, call customer service at 833-300-0603. 


In terms of pricing, Bestow’s policies are slightly above average. Because Bestow doesn’t require medical exams, its policies tend to be more expensive than medically underwritten policies. 

We received quotes for $250,000 policies for 35-year-old men and women in excellent health to help you compare Bestow with other term life insurance policies.

Life insurance buying guide

Before you start comparing companies, choose the type of life insurance you want, such as term or whole life. Decide which life insurance riders, if any, you want the policy to include. Calculate how much life insurance you need and how long you want the coverage to last. Check that the insurers you’re considering offer the coverage you’re looking for.

When comparing rates, be sure the quotes are for the same amount of coverage over the same period of time. It’s also important to make sure the policy’s medical requirements match your needs. For example, if you want to skip the life insurance medical exam but don’t mind answering health questions, confirm that the application process for each policy you’re comparing aligns with that.

Price may not be the biggest driver behind your decision to buy. Look at the number of consumer complaints each company receives, as high numbers can be a red flag about the quality of service.

Life insurance ratings methodology

VanQuangBlog’s life insurance ratings are based on consumer experience, complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims. Within the consumer experience category, we consider ease of communication and website transparency, which looks at the depth of policy details available online. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.

These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. VanQuangBlog does not receive compensation for any reviews. Read our editorial guidelines.

Insurer complaints methodology

VanQuangBlog 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, VanQuangBlog 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.
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