Frequently asked questions
Answers to the top questions we get asked by carriers.
Our life insurance software de-risks carrier modernization efficiently, and at less cost than an in-house build. Specifically, we provide e-app and e-quote technology, a customizable underwriting engine and workbench, simple payments and billing solutions, streamlined policy delivery and admin, and intuitive portals for agents, underwriters and policyholders. Carriers can implement the entire platform or seamlessly integrate parts of it with their legacy systems.
- Carriers looking to modernize parts or all of their business.
- Carriers looking for more efficiency in their underwriting.
- Carriers looking for easily-adoptable agent solutions.
If you’re working in acquisition or administration at a carrier, probably you!
- Expedite growth by streamlining the purchase funnel and eliminating roadblocks.
- Reduce acquisition costs by as much as 24% (based on third-party competitive analysis).
- Unlock new audiences by meeting the modern customer where they are shopping - online.
- Implement rapidly with white-labeled Bestow tech, going live in as little as 4 months.
- Innovate efficiently with product changes in weeks and pricing changes in days.
Yes. You make all the rules, set all pricing, and retain all of your own branding from quote to admin.
Bestow supports, term, final expense, indexed universal life, annuities, and an ever-expanding menu of product options.
Yes. Bestow can build a white-labeled digital application and customer portal experience to keep your customers inside the brand ecosystem they know and trust.
Bestow offers solutions for both D2C and agent-led channels, including giving captive agents and outside distribution teams tools to seamlessly sell remotely, in-person, or via drop ticket.
We pride ourselves on lightning fast time to market. Obviously, timelines depend on partner needs and project specifics, but our partners have been extremely impressed with our development speed. For example, many of the digital insurance products we’ve brought to market took between 6-7 months to develop and launch, far shorter and more cost effective than attempting an in-house build.
Bestow is truly an end-to-end insurance platform. That means we’ve created experiences and entry points for customers, agents, underwriters, administrators, and virtually anyone you can think of in your organization who would need access to, and insights from, the platform.
The short answer is yes. All digital products are built on a consistent framework, but part of our partnership approach is about tailoring digital solutions to meet your unique business needs.
Bestow isn’t a software vendor. We’re a tech partner, not merely a “set it and forget it” solution. It’s true that we've developed bedrock technology, but we pride ourselves on our partnership approach, collaborating with each carrier to help them solve big challenges that are unique to their business.
This depends on the nature and the scale of the change, of course, but timelines can range from hours or days to a number of weeks. Given that many in the industry view product changes as a once-a-year proposition at best, our speed and flexibility really sets carriers up to quickly respond to market forces.
You’ll be supported by teams with all of the key expertise necessary to build and maintain a great product for both agents and customers, with talent from industry mainstays like USAA, Gerber, iPipeline, and AXA. This expertise includes, but is not limited to underwriting and actuarial, compliance and regulatory, product filing, data analytics, tech and UX development, marketing, and so much more.
The short answer is we’re a tech company full of insurance wonks. We marry award-winning technology chops with decades of insurance experience that spans executive leadership, underwriting, compliance, product, and more. This uniquely positions us to help carriers modernize and innovate new products with a speed and fidelity not previously available in the industry.
Yes! Insurance is a complicated industry, and nothing is more frustrating than dealing with a vendor or partner who is learning that after you’ve signed a contract. We’re seasoned pros when it comes to product filing, regulatory requirements, compliance, governance and more. We’ve been at this a while, with tons of expertise and in-market experience to set you up for a smooth launch and sustained success. On top of our vast experience, we also keep up with the latest (and ever-changing) state by state regulations, so our partners can be proactive and ready for anything.
Yes, Bestow used to sell term life insurance directly to the consumer under the name Bestow Life Insurance Company, but sold that carrier to Sammons® Financial Group in 2024, who renamed it Lantern Insurance Company. Today, Bestow is a leading life insurance SaaS platform provider. Lantern Insurance Company is now selling direct-to-consumer at lanterninsurance.com.
Sammons® Financial Group purchased Bestow Life Insurance Company in 2024. It was renamed Lantern Insurance Company. Your policy remains in force, and you can access your account here.
