Bestow
Bestow offers term life insurance policies without requiring a medical exam, featuring coverage amounts from $100,000 to $1.5 million and term lengths from 10 to 30 years. The company, headquartered in Dallas, Texas, utilizes an entirely online application process and advanced technology for underwriting, and has raised $145 million in funding.
Company Overview
Bestow is a Dallas, Texas-based company that specializes in term life insurance policies. The company offers a fully online application process, allowing users to get coverage without the need for a medical exam. The policies provided by Bestow range from $100,000 to $1.5 million in coverage, with term lengths varying between 10 to 30 years. With a focus on using big data and technology for underwriting, Bestow aims to make life insurance more accessible and efficient for its customers.
Services
Bestow specializes in offering term life insurance policies that do not require a medical exam. The company provides coverage amounts from $100,000 to $1.5 million and offers policy terms ranging from 10 to 30 years. These policies feature level premiums, ensuring that the monthly payment does not change throughout the term. Additionally, Bestow offers a 30-day money-back guarantee and uses big data to streamline the underwriting process. Bestow also provides data solutions to help insurance carriers with audience segmentation, marketing spend optimization, and customer insights.
Application Process
Bestow's application process for term life insurance is entirely online and can be completed in as little as 5 minutes. Applicants need to answer lifestyle and health-related questions to determine eligibility, eliminating the need for a medical exam. The platform leverages big data and technology to efficiently assess risk and eligibility, making the process quick and user-friendly.
Environmental Impact
Bestow has a strong focus on environmental sustainability. The company's digital policies have saved over 4 million sheets of paper to date. With a remote-first work policy, Bestow has significantly reduced its team's carbon footprint by up to 54%. Bestow's headquarters in Dallas, Texas, is LEED® Gold certified, demonstrating the company's commitment to environmentally friendly practices.
Funding and Accreditation
Bestow has raised $145 million in funding to date. The company is highly rated, with an A+ rating from the Better Business Bureau. Bestow's policies are issued by Bestow Life Insurance Company and North American Company for Life and Health Insurance, ensuring high standards of reliability and trustworthiness. The company's term life insurance policies are not available in New York.