Uncertain if Your Family is at Financial Risk With You Gone? This Tech “Unicorn” Could be the Answer to Your Prayers
According to the CDC, 169,939 people in 1 year died from an accident in the U.S. Who knows how many of those people had life insurance?*
It’s likely that their loved ones would be more financially prepared if they had life insurance than without it.The problem is, not everyone can afford traditional life insurance (or has the time to get a policy).
That’s exactly what tech “unicorn” Bestow helps solve.
Fundraising over $60,000,000 from some of the world’s best startup investors (NEA, Valar Ventures) in the earlier half of 2020, Bestow simplifies and cuts down the cost of term life insurance.
You might be wondering why there’s a difference between Bestow and its competition. That’s because Bestow’s tech reduces the time of underwriting and approving insurance policies.
When users fill out their 60-second online questionnaire, they’ll see the best quotes available to them instantly - and even receive a decision on their policy in minutes. No salespeople or medical checkup required.
Instead of selling permanent life insurance, which users must pay forever but often let lapse or opt out over time for a loss, Bestow is a fairer insurance provider by only offering term life insurance.
Term life insurance users only pay for a fixed period of time for coverage, which makes them less expensive than permanent life insurance policies.
That’s why if you’re under 54 and relatively healthy, you could get an affordable policy for $50,000 to $1 million in terms of 10 or 20 years with Bestow.
Since many customers don’t know insurance salespeople are paid on commission, customers often get pitched expensive policies they can’t afford in the long-run.
“They’ll often convince people they need permanent life insurance. And they’ll give you a bait and switch price that less than 10% of people qualify for,” insurance industry titan Peter Colis says.
It’s no surprise that Bestow’s disruptive model gives access to tens of thousands of Americans to peace of mind they normally couldn’t afford or have the time for. You don’t have to be sold on the point of life insurance - and it’s not for everyone.
But if there’s a chance your loved ones won’t be able to manage with you gone, you already know you should seriously consider life insurance.
And with the hassle-free experience and affordable rates, Bestow ranks as one of our top life insurance recommendations from our analysts’ research.
Fill out their free 60-second online questionnaire to see how much you qualify for. If the rates make sense to you, it’ll take just a few minutes to get a policy decision.
After all, what do you have to lose (besides a few minutes at home)?
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