When someone applies for term life insurance on Bestow’s website, the application process has four simple parts:
- Your information. This includes basic identity information such name, email, address, and Social Security Number.
- Your life. This includes citizenship, medical history, lifestyle, and hobbies.
- Beneficiaries. This is whoever would receive the death benefit in the event of the insured’s death.
- Policy and payment details. If approved, choose the coverage amount and term length then enter credit card info to purchase and bind the policy.
Bestow’s accelerated application process differs from the industry because Bestow’s experience is entirely online. It does not require a medical exam or meetings with an agent or underwriter.