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COVID-19 concerns? Rest easy. Bestow is here for you.

At Bestow, our purpose has always been to provide calm during the storm. We’re proud to offer families a sense of financial protection in times of uncertainty. Today is no different.  We hope everyone is staying safe and maintaining a sense of normalcy during this time.  There are many unknowns at this time surrounding COVID-19

Action in a Time of Uncertainty

There are many unknowns right now with COVID-19 (coronavirus), but one thing we do know is that when life gets scary, it feels good to be prepared. People today are wondering now more than ever how to best protect their family’s health and financial future.  We are all facing a rare set of circumstances with

These Historical Figures Really Should Have Had Life Insurance

Which historical figures should have purchased a life insurance policy? TL;DR: All of them, as evidenced by the fact we’re calling them historical figures and not current figures. But that’s not why you’re here. So here are some of our favorites who really, really, really should have considered perusing the offerings from Ye Olde Bestow.

How Does Term Life Insurance Work?

Insurance can seem complicated, but we’re here to make it easy.  In short, you pay an insurance company a set amount of money each month for an agreed upon amount of time. That’s the “term” in term life policy. Bestow sells term life insurance for 10 & 20 year terms. If you pass away during

Daring Greatly

Two years ago, my co-founder Jonathan and I headed into the Colorado mountains looking for adventure, but what we walked out with was a business idea. Maybe it was the death-defying rafting trip or that rustling in the woods, but our conversation turned to family and how important it was to protect them. We both

Top Questions About Bestow Answered

Life insurance is confusing. We get it. With so many options out there, it’s hard to figure out where to even start. Chances are, if you’re reading this you have questions, too. Fortunately, you don’t have to do this alone. Every day I answer phone calls, chat messages, and emails from customers who want to

Do Stay-At-Home Moms Need Life Insurance?

These days, many news outlets constantly discuss the continuing rise of two-income households where both parents work, leaving the children in daycare or with extended family. In reality, recent years have seen a rise in the number of mothers who stay home to take care of their children. In 2012, nearly 30% of mothers stayed

What Is a Contingent Beneficiary?

Life insurance can be overwhelming. What’s the difference between this plan and that? What’s a contingent beneficiary? The number of questions and strange terms thrown at you is simply overwhelming. Breathe — we can figure this out together.

AD&D vs. Life Insurance (vs. Disability Insurance)

If you’ve ever watched an episode of the show 9-1-1, the fast pace and drama make for some great — and exciting — television. As you’re watching first responders perform the seemingly impossible under the most stressful conditions, the last thing you’re probably thinking about is insurance. In reality, you probably have your hand over

Life Insurance vs. Savings: What You Need to Know

Learning how to use financial tools that we use on a daily basis is very important, even more so when you’re deciding between buying life insurance or increasing your savings — or whether you need to choose between the two at all. Personal finance is never one-size-fits-all, so it’s no surprise that this is a

Life Insurance and Taxes

If you are the policyholder or the beneficiary in a life insurance policy, you’ve probably at one point have asked, Do I have to pay taxes on my life insurance? Those words alone can easily make your head hurt, and putting them together seems downright unreasonable. But, there is a very straightforward answer to this

Choosing Term Length For Life Insurance

Hung up on which term length to choose for your life insurance policy? Term life insurance is a popular form of life insurance because it’s affordable and often easy to get. Unlike whole life insurance, term life is temporary. However, you do get to choose how long your insurance lasts by deciding on a term

Can You Rely on Crowdfunding for Healthcare and Funeral Costs?

While illness and death are both facts of life, we’re not always prepared for the financial burden caused by tragedy. Thankfully, the interconnectivity of the internet has presented a solution to what often feels like the insurmountable costs of healthcare and final expenses: crowdfunding. People have been increasingly relying on crowdfunding sites for memorial costs

Why Do 70% of Millennials Buy Life Insurance?

Millennials get blamed for a lot of things, like the bankruptcy of their parents’ favorite chain restaurant and their go-to department store. But 20-somethings and 30-somethings aren’t destroying industries, they’re improving them. When it comes to shopping, consumers have forced companies to change, or else risk the same fate as Blockbuster. Even life insurance, a

Do Digital Nomads Need Insurance?

Digital nomads enjoy a lifestyle that is location-independent and satisfies their wanderlust. After all, it’s hard to resist the allure of spending one day answering emails on the warm sands of a tropical beach and the next fielding phone calls from the Alps. 35% of digital nomads plan to remain location-independent and tend to earn

Group Life Insurance After Leaving Your Job

If your employer offers life insurance through a group policy, signing up may seem like a no-brainer. Group life insurance has its pros and cons. It’s great because every employee is guaranteed a basic amount of term life coverage, but a big downside is that you can’t take it with you when you leave your

Should You Buy Life Insurance Online?

If you want to buy life insurance online, there are several factors to consider. Life insurance is an important part of everyone’s financial planning tool belt. It serves as protection for your family and dependents should you pass away. For many people who don’t buy life insurance online, the purchasing process can be difficult and

Getting Term Life Insurance For Small Business Loans

Starting a business? Being able to turn your passion to profit through entrepreneurship can be exciting, but you’ll probably have quite the to-do list before getting started. Business owners can take out loans through the Small Business Administration (SBA) to ease the financial burden of starting up, buying a business, or growing a business. If

Do You Need Life Insurance in Your 40s?

Between juggling a bunch of financial priorities — paying off your credit card debt, big wins in your career, paying off your house, saving for retirement — and raising a family, you probably have an endless to-do list. Chances are, purchasing life insurance has been something you’ve been meaning to do for a while but

What Can Life Insurance Pay For?

No doubt protecting your family financially is high on your priority list. Taking out a life insurance policy helps your beneficiaries pay necessary expenses such as a mortgage and other types of debt. Yes, life insurance can cover these huge expenses, but don’t forget the little things, too. What Does Life Insurance Cover? Life insurance is

Life Insurance After Divorce

Divorces can be tough. While things can seem like they’re falling apart, there’s also the opportunity to rebuild and protect your family’s financial future. As you consider the potential need for alimony, child support payments, and dividing up assets, you also need to think about life insurance. 88% of Americans agree that long-term financial prosperity

How Credit Impacts Your Insurance Rates

It probably doesn’t come as a surprise to hear that your credit can have a big influence upon your financial life. Planning to apply for a new auto loan, mortgage, or credit card? You probably already expect that your credit reports and scores will be consulted as part of your application. Of course the condition

5 Reasons Why Buying Life Insurance in Your Twenties is a Good Idea

When you’re in your twenties, it’s easy to feel invincible. You’re young and healthy, so why would you need life insurance? Even if you don’t think you need it right now, you might be surprised at the number of reasons why buying life insurance in your twenties is a good idea. 1. Lock in a

Insurance Company Ratings Explained: What You Need to Know

Insurance might be one of the more serious purchases of your life, but buying it isn’t much more different than buying a car or choosing which restaurant to eat at (even if it’s less glamorous than either). That means doing some research before signing on the dotted line, of course. While comparing insurance companies, you’re

Term Life vs. Whole Life: Which One’s Best for You?

Take a moment and think about where you are in your life right now, both financially and how far along you are toward your life goals. Whether or not you currently have life insurance, your insurance needs are probably different right now compared to 20 years down the line, right? Life changes quickly, especially if

Moving on Up: Now Offering $1 Million in Coverage

It’s been nonstop here at Bestow. Less than four months ago we announced our $15 million Series A funding, and we went from zero to 37 states shortly after. We’ve also launched our partnerships program and API to complement pretty much every product or service. We have even more exciting features coming your way (they’re

Don’t Bumble With Bundles: Should You Bundle Life Insurance?

From the game console, popular game, and controller bundle to a smartphone, headset, and phone case bundle, much of what we purchase is packaged together. As consumers, we’re familiar with heaps of bundles (bundles of bundles?) of products we’re looking to buy. It makes sense, after all. If you’re buying an Xbox One, chances are

37 States and Counting!

Welcome to the Bestow family, Montana, Michigan, Missouri, Idaho, and Kentucky! It seems like just yesterday we were talking about signing up on our waitlist to buy a Bestow policy. And now, three months later, we’re already in 37 states. And more are on the way. In August alone, we added 15 states. We’re currently

5 Reasons to Buy Life Insurance in Your 30s

To buy or not to buy life insurance, that is the question on every 30-something’s mind. Right? Ok, maybe we exaggerated a wee bit. But to be fair, lots of 30-year-olds do consider buying life insurance. Life changes — like buying a home, getting married, starting a family, moving up the career ladder — are

We’re Now Open in 32 States!

We’re more than halfway done with rolling out coverage across the country. We weren’t kidding when we said more states were on the way. Our team has been hard at work extending term life coverage from sea to shining sea. Here’s where we are on our national launch. Alaska Arizona Arkansas Colorado Connecticut Indiana Iowa

Life Insurance Payouts: How Do Beneficiaries Get Paid?

Need to file a claim with Bestow? Get started here. The answer to your most frequently asked question: How do my loved ones get the life insurance payout if I die? We talk to a lot of people about life insurance. And a question we get a lot is, how does the death benefit work

Bestow Continues Nationwide Rollout

Yup, it’s true. Bestow is now live in 22 states. It seems like it was just yesterday we shared the great news about our Series A funding and the launch of our first two states: Texas and Utah. But now just two months later, we are thrilled to announce that we have now extended coverage

What First-Time Home Buyers Need to Know About Life Insurance

Take a deep breath — you’ve done it. You bought (or are planning to buy) your first home. It can be a long, grueling, and expensive process, but once it’s over? You’re a first-time homeowner. It’s a good feeling, right? Once you own your own home, you can go all Chip and Joanna Gaines on

Let’s Geaux! Term Life Insurance in Louisiana

Everything you need to know about term life insurance in Louisiana. Laissez les bons temps rouler! Louisiana is more than just Mardi Gras, cajun food, and jazz. It’s a state rich in history — the St. Charles streetcar line is the oldest continuously operating streetcar line in the world! It’s also rich in culture, where

How Much Life Insurance Do You Need?

Unless you’ve amassed sizable assets and savings that can support your family when you’re no longer around (if that’s you, kudos!), you need life insurance. You’re probably nodding your head in agreement. You’ve no doubt heard about the benefits of life insurance and understand the need for it, but there’s one question that often stops

Now in Colorado! Term Life Insurance the Bestow Way

Bestow is now in the Centennial State! Here’s what you need to know about term life insurance in Colorado. It was the view of Pikes Peak that inspired Katharine Lee Bates to write “America the Beautiful.” With a whopping 53 fourteeners, 41 state parks, and 4 national parks, it’s no wonder Colorado is considered one

Insurance Must-Haves for Freelancers & Side Hustlers

Freelancing is becoming a viable career for many Americans, but there’s a sacrifice involved with self-employment: benefits. According to a LinkedIn survey, 92% of freelancers say their clients don’t provide access to any benefits. Freelancers are on the hook not only for things like healthcare and life insurance, but also protection for their business from

Life Insurance Beneficiaries: How to Protect Your Loved Ones

Life insurance is probably at the top of the list of uncomfortable topics to think about. So talking about it with your loved ones? That is a conversation most people want to avoid. Life insurance and beneficiaries go hand in hand. If you’re like most Americans, you probably don’t start thinking about life insurance until

Single and Looking (for Life Insurance)

Yeah, it’s true that most people who consider buying life insurance have families. After all, you want to make sure your dependents are taken care of should something happen. But what if you’re single? The times they are a-changin’. People aren’t getting hitched like they used to, and the U.S. birth rate has reached a 30-year

Bina West Miller: A Pioneer for Women’s Life Insurance

The first life insurance company in the U.S. was founded in 1706. So why did it take nearly another 200 years before women could buy their own life insurance policies? Life insurance has been around for a long time — except when the conversation is about women as life insurance policyholders. In fact, life insurance

Term Life Insurance for Utahns

Bestow is now live in Utah! Utah is more than just a backdrop in John Ford’s westerns. It’s home to seven national monuments, six national forests, and some of the best powder skiing in the country. Even Bestow has ties back to Utah. Co-founders Melbourne and Jonathan are BYU alumni, as are some other members

Introducing Bestow — Your Insurance Partner for Life

Bestow has launched a revolutionary approach to life insurance built for modern consumers. Today millions of families are financially vulnerable and without life insurance. Many factors are to blame, including friction in purchasing life insurance, product confusion, high prices, agent involvement, among others. Consumers are smart, research-driven, and avoid complexity. A consumer-first approach to solve these

How Does Bestow Work?

You may be wondering why is it that Bestow doesn’t require medical exams when traditional life insurance companies do. The short answer: big data and technology. But, we also understand that you want to know more about us (#flattered). So, without further ado, here’s our long answer. How Does Bestow Work? Applying for life insurance

Term Life Insurance the Texan Way

Everything y’all need to know about term life insurance in Texas. Texans have a lot to be proud of: The Alamo, breakfast tacos, Chip and JoJo, over 675,580 miles of roads spanning 267,339 square miles of land, and our capitol building is taller than the U.S. Capitol. The Lone Star State is also home to

Life Insurance Underwriting: What Factors Determine Risk?

Let’s talk about you. If you’re even just the tiniest bit familiar with insurance, you probably know that there are certain factors that may impact how much you pay for coverage. This is true for all types of insurance — car, homeowners, business, and more. For life insurance though, it seems extra personal. Insurance companies

Can Pregnant Women Buy Life Insurance?

If you’re pregnant, or planning to get pregnant in the near future, there are probably a million things on your mind. In addition to all of the planning for your new baby, you may have an extensive financial to-do list, too. It’s no surprise that expecting mothers research life insurance options. In fact, 33% of

3 Reasons Why Graduate Students Need Life Insurance

Upgrading your education? Reap the rewards (and protect them, too). A graduate degree can increase your earning potential, help you advance in your career, or even change your career path altogether. If you’re filling out applications, you’re probably concerned about GRE or GMAT scores, scoring a fellowship, or getting into your first choice school. Have

What is No Medical Exam Life Insurance?

If 62% of Americans don’t want a medical exam to get life insurance, then why do 99% of insurance companies require it? The insurance industry is not just old, it’s centuries old. In fact, the first life insurance policies in the U.S. were written in the 18th century. Obviously, we didn’t have the technology then

Survey: Why Most Americans Don’t Have Individual Life Insurance Coverage

Millions of Americans are financially vulnerable and without life insurance… but why? Bestow ran a national survey recently and uncovered what’s keeping individuals from buying life insurance. What’s interesting is people are well intentioned. They really want to protect their families, but they just assume it’s too time consuming and expensive. They also said they

Term Life Insurance: The 101 and More

Life insurance, the ultimate adulting to-do (and the motive behind many investigations in our favorite true crime podcasts). While we all get it’s important to have, few of us actually buy our own individual policy for various reasons. But did you know that term life insurance is actually the simplest and least expensive of all

Why Two BYU Grads are Disrupting the $151B Life Insurance Industry

When was the last time 86% of Americans wanted something but only 41% actually had it? Think about it. And, no, we’re not talking about the latest iPhone. 44% already own one of those… When friends and entrepreneurs Melbourne O’Banion and Jonathan Abelmann strategized to disrupt the life insurance industry, they knew it was an

Life Insurance for Moms: Why Six-Figure Parenting Needs Six-Figure Coverage

Let’s be honest, sometimes thinking about the positives might be the only way to keep your sanity. However, there’s one thought you shouldn’t ignore: What would your family do if you were gone? Out of sight, out of mind, right? Unfortunately, that’s not the way life (or life insurance) works. The truth is, it’s important

Why Wasn’t I Approved?

Assessing risk isn’t easy and sometimes we have to make the hard choice. The truth is, we really do want to offer coverage to as many people as possible. If you’re here, you probably received a message from us that reads something like this: “Unfortunately, we’re unable to continue with your application at this time. We’re

Group Life Insurance Through Work: Is It Enough?

If your employer offers life insurance, it’s easy to check the box and assume you’re good to go. But are you? There are lots of pros to group life insurance plans. Often they’re inexpensive—some employers even cover 100% of the premium. After the open enrollment period ends, you probably won’t think of life insurance again. That is,

Term Life Insurance in Two Minutes

Life insurance has sure changed over the years. The idea first started about 600 BC by the Greeks and Romans with a simple concept—if someone in your guild passed away, everyone chipped in to take care of the surviving family. It was about protecting families. Pretty simple. Fast forward to today and there are thousands

Life Insurance on Demand

We’re close to sharing what we’ve been building at Bestow! Thanks to the thousands of you who have already signed up for early access. Update: We’re rolling out our first-of-its-kind life experience all across the country. Apply for term life insurance coverage today. If we’re not in your state, sign up for early access and we’ll

How Much Life Insurance? Try an Affordability-First Approach

If you’re wondering how much life insurance you need, you’ll find a lot of opinions as to what the “right” number is. Some say 5-10x your annual income. Sounds simple, but is it right? Others ask you to fill out a complex calculator to estimate current and future assets and liabilities. Here’s a hint —

Why Bestow Makes Sense. Affordable. Trusted. Instant.

Warren Buffett, the world’s greatest investor, shared wisdom key to his success: Rule #1: Never lose money. Rule #2: Never forget Rule #1. While this refers to investing, it applies to life insurance too. The point is not preparing for a potential loss can destroy years of steady gains. Life insurance is a popular way