Buying life insurance can seem daunting, but we’re here to make it easy. To learn more about the types of life insurance, what it will cover and how much you need, visit the Bestow blog to read Insurance 101.
Term Life 101
This is how many years you are covered for. Bestow offers traditional 10 and 20-year plans, as well as a 2-year plan.
This is what you will pay monthly. Term life is usually the most affordable and the cost won’t change over time.
This is the amount of money your beneficiary (or beneficiaries) will receive if you die during the term.
Why should I consider term life insurance?
It’s not fun or easy to think about what would happen if you die. That’s why Bestow is making it easy to protect your people. With 100% online term life insurance, you can apply in minutes. Depending on the policy you select, your family could pay off a mortgage, send a kid to college or cover your funeral costs.
You may have a policy at work, and that’s great because the premiums are often subsidized by your employer. But your work plan is often no more than one year’s salary. For most families today, this simply isn’t enough coverage and it vanishes when you leave your job or are sick and can’t work. Many people consider this type of life insurance supplemental.
To make sure your policy stands the test of time, we partnered with two of the largest and most respected insurance companies in the country, Munich Re® and North American Company for Life and Health Insurance®. They’re among the highest rated names in the insurance industry, each with over 130 years of experience and rated A+(Superior) by A.M. Best. You get the dependability of centuries-old industry giants and the convenience of a modern technology company.