Bestow Life Insurance Reviews 2022: Is It Legit or Scam | How it Works

bestow life insurance review
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Bestow Life insurance is one way you can help keep your family and the lives of people you love running even after you’re long gone. It’s one of the surest insurance plans you’d want to identify with. Our Bestow Life insurance review has been written to help you know what this is and how it works.

Recently I was surfing the web, just when I was about to write this for you, and I stumbled into something I consider really funny. It says, “I’m never afraid of dying because I have already been to heaven, that is my family”.

I almost gave out a loud laugh, but I managed to take it all in. I mean, how could someone possibly think of just going to heaven to meet a family there and won’t care about their family here? It’s strange to me!

I consider it rather a sign of irresponsibility. Anyway, I wish to believe that was just a colloquial expression. For me,  I will never be able to describe in words what my family means to me. If anyone wants to know, they will have to go inside my heart to see.

One of the things that makes you a great dad or mum or spouse is being able to build a backup plan that your family can leverage even after you are no more. That is what Bestow Life insurance helps you do.

This article will give you insight into all the benefits that are available to you when you subscribe to this insurance plan.

Just have an open mind, stay with me and read through to the end of this article.

What is Bestow Life Insurance?

Bestow is simply an online organization that provides term life insurance policies for 10 or 20 years that protect individuals.

Bestow’s goal as a business is to help people protect and take care of their loved ones. It is an insurance connection between clients and the North American Life and Health Insurance Company insurance carrier.

Bestow Life Insurance offers insurance that covers the subscriber’s life and that of their loved ones for a period of 10 to say, 30 years when the policyholder will no longer have dependents.

How does Bestow Life Insurance work?

How Bestow Life Insurance works is very simple. I advise you to visit their official website here to learn about them.

How much does life insurance by Bestow cost?

Bestow offers two insurance plans. One runs for 10 years while the other runs for 20-years.

Usually, the cost of the plans differs depending on what an individual wants. Some of the major factors that are considered before you’ll receive the cost of your insurance package are your age, smoking status, and weight.

The two plans start at $8 a month and goes up to $1 million as the years go by.

Without paying any fees, both plans allow you to cancel at any time. In a matter of minutes, you can apply for a plan and quickly get accepted.

Interestingly, If you are young and safe, you will be paying the least amount every month. With a rise in age and any medical conditions, the price will go up.

Is Bestow Life Insurance legit or Scam?

Life insurance is a great opportunity to ensure that if the worst happens and you pass away, you leave your family financially protected.

Your life insurance coverage can help your family provide for any immediate financial needs and will help offset heavy financial burdens.

I know a lot of Insurance companies would want to conduct some tests on you to really ascertain your health status before allowing you into their program.

But Bestow is one life insurance firm that is trying to change that. The aim of the business is to make it simple and convenient for everyone to purchase life insurance.

The complaint ratio score is provided by the National Association of Insurance Commissioners for insurance companies to check the authenticity of services provided by Insurance companies.

The average complaint ratio score is 1.0, so having a score lower than that means a company is doing pretty well. Interestingly, Bestow scores 0.31 on this scale. What this means is that they are performing well in the past years.

So, in a nutshell, Bestow Life Insurance is not a scam. It is a very legit venture aimed at helping people take care of their loved ones.

What kind of insurance do they offer?

There is a large variety of life insurance options out there in the world but Bestow offers term life.

Term life, and with good reason, is one of the most well-known life insurance policies on the market. This is straightforward and far less costly than other forms of policies.

Here’s how it works;

  • Choose the sum of coverage ($50,000 to $1 million), and throughout the length of that contract, you’ll need to pay just a fixed monthly premium amount of $8.

What are the pros and cons of subscribing to Bestow Life Insurance?

You must have accepted this right? The pros and cons; here’s what we found. You must really have to consider and weigh your options properly before you subscribe. This depends on what you want though.

So, take time to see them below.

Pros

  • Plans start at just $8/month
  • Decent coverage options if you need insurance quickly and without hassle

Cons

  • Offers 2 types of plans; does not offer whole or universal life insurance policies
  • The 10- and 20-year plans not available to users under 21 or older than 55

Bestow Life Insurance Review: Bottom Line

The average complaint ratio score is 1.0, so having a score lower than that means a company is doing pretty well. Interestingly, Bestow scores 0.31 on this scale. What this means is that they are performing well in the past years.

So, in a nutshell, after we had our bestow life insurance review, we could confidently tell you; Bestow Life Insurance is not a scam. It is a very legit venture aimed at helping people take care of their loved ones.

But I’ll advise you carefully weigh your options before you subscribe to know which plan will best suit you.

Sources

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