Get $1 Million in Life Insurance for as Little as $8/Month

Disclosure: We’re letting you know that this post contains sponsored links which The Smart Wallet receives compensation for, which may impact their order of appearance because talking about money should always be an honest discussion.

When you hear “life insurance” the first 2 things that might come to mind are death and finances. Ultimately it’s “I love you” money to your family after you’ve passed away.

So for most people, life insurance is logical but the long process could be deterring. Some life insurance companies can take up to 2.5 months for the approval process to complete, including lots of paperwork and a comprehensive medical exam which may not always be necessary.

But one company is trying to change all that. Bestow’s mission is to offer affordable term life insurance in under 5 minutes on your iOS or Android without you having to talk to anyone. No exam needed either.

You can get up to $1 million in coverage and they offer 2 years, 10 years and 20 years term options.

All of Bestow’s policies are underwritten by North American Company for Life and Health Insurance, who’s been around for over 100 years and holds an A+ (Superior) rating with A.M. Best, a global credit rating agency for insurance companies.

In plain English terms, it means your policy is backed by dependable insurance giants who have been serving customers for many years.

So if you’re between the ages of 21-55, here’s what they’ll ask:

  • Your basic information (Name, Email, Address, SSN etc)
  • Some Life questions (medical history, hobbies, lifestyle)
  • Beneficiaries (who would receive the money after insured’s death)
  • Policy and payment details (If approved, you choose the monthly payment and enter credit card info)

Each policy has a “free look” period (usually 30 days) which means you can cancel if it’s not right for you and get a full refund.

And you can easily change your policy at any time based on life events like marriage, job loss, divorce etc.

Life insurance talk isn’t fun but Bestow is attempting to make it as easy as possible for people to get covered quickly. Go ahead and see what your rates are in just under 5 minutes (iOS or Android). It’s the biggest “I love you” you can give to your loved ones.

*Bestow is currently not available in New York

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