Bestow Life Insurance: A Comprehensive Guide

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Life insurance is an important aspect of financial planning. It offers protection and peace of mind in case of unexpected events such as illness or death. Bestow Life Insurance is one such company that has been gaining popularity among consumers due to its easy and affordable policies. In this article, we will discuss everything you need to know about Bestow Life Insurance.

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What is Bestow Life Insurance?

Bestow Life Insurance is an online life insurance company that offers fast and easy policies without any medical exams. It was founded in 2016 and is based in Dallas, Texas. The company has a simple application process that can be completed in minutes, and policies start as low as $8 per month. Bestow offers term life insurance policies for 10 or 20 years, with coverage ranging from $50,000 to $1.5 million.

The Benefits of Bestow Life Insurance

There are several benefits to choosing Bestow Life Insurance, including:

Benefit
Description
No Medical Exams
Bestow offers policies without any medical exams, making it a quick and easy option for those who want coverage without the hassle of physical exams or blood work.
Low Premiums
Bestow policies start as low as $8 per month, making it an affordable option for individuals and families.
Easy Application Process
The application process can be completed online in minutes, without any paperwork or agents involved.
Flexible Coverage
Bestow offers term life insurance policies with coverage ranging from $50,000 to $1.5 million, with terms of 10 or 20 years.
Financial Security
Bestow policies offer financial security to your loved ones in case of unexpected events such as illness or death.

How Does Bestow Life Insurance Work?

The process of getting a policy with Bestow is simple and straightforward. Here is how it works:

Step 1: Get a Quote Online

Visit the Bestow Life Insurance website and get a quote by entering your basic information such as age, gender, and smoking status. The quote will show you the premium amount and coverage options available.

Step 2: Fill Out the Application

If you are satisfied with the quote, fill out the online application. The application requires basic information about your health and lifestyle.

Step 3: Underwriting Process

Bestow will review your application and determine your eligibility. If approved, you will receive an offer with the premium amount and policy details.

Step 4: Accept the Offer

If you are satisfied with the offer, accept it and make the first premium payment. Your policy will be activated immediately.

Step 5: Keep Paying Premiums

In order to keep your policy active, you need to keep paying the premiums on time. Bestow offers automatic payments for your convenience.

Who is Bestow Life Insurance For?

Bestow Life Insurance is ideal for individuals and families who:

  • Do not want to go through a medical exam
  • Are on a tight budget
  • Want a quick and easy application process
  • Are looking for flexible coverage options
  • Want to provide financial security for their loved ones

FAQs About Bestow Life Insurance

Is Bestow Life Insurance Legit?

Yes, Bestow Life Insurance is a legitimate company that is licensed to sell insurance in all 50 states in the US. It is backed by some of the largest reinsurers in the world, including Munich Re and North American Company for Life and Health Insurance®.

Can I Cancel My Bestow Life Insurance Policy?

Yes, you can cancel your policy at any time without any penalties. If you cancel within the first 30 days, you will receive a full refund of the premium paid.

What Happens if I Miss a Premium Payment?

If you miss a premium payment, Bestow will give you a grace period of 30 days to make the payment. If the payment is not made within the grace period, your policy will lapse and you will lose your coverage.

Can I Change My Coverage Amount?

Yes, you can change your coverage amount at any time during the policy term. However, the premium amount may change based on the new coverage amount.

Is Bestow Life Insurance Right For Me?

Bestow Life Insurance is a good choice for individuals and families who want affordable and easy-to-obtain life insurance coverage. However, it is important to compare multiple policies and companies before making a final decision.

Conclusion

Overall, Bestow Life Insurance offers a simple and easy solution for individuals and families who want to protect their loved ones without the hassle of medical exams or long application processes. With affordable premiums and flexible coverage options, it is a good choice for many people. However, it is important to compare policies and companies before making a final decision.

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