Wondering whether life insurance is worth it? Here’s why we think Bestow is a great option…
Want to take care of the people you love? Bestow makes applying for life insurance easy!
Even though it’s not the most fun topic to think about, purchasing a life insurance policy is something every adult should consider. If you have a spouse, children, or aging parents who depend on you, then life insurance could be a very wise option.
Even if you’ve just turned 18 and you’re heading off to college or into the workforce for the first time, you may need a life insurance policy, too.
Head over to Bestow now and browse life insurance policies starting at only $10 per month!
Why would young adults need to think about life insurance?
Learning about life insurance and selecting an appropriate policy can also be an important part of a young adult’s journey toward financial literacy. But do you really need life insurance if you don’t have any dependents?
If you’re a college student (or have a child who is one) and are wondering if having a life insurance policy would even be worth it at your age, you may be surprised at the answer! If you have private student loans or other shared financial responsibilities with parents or other family members, life insurance can help to protect them from the financial burden of your debt should the unthinkable happen.
Here’s one more factor every young person should consider – life insurance will probably never be more affordable for you than it is right now, while you’re young and most likely to be healthy.
Life insurance premiums increase with age, and with every passing year, you’re more likely to be diagnosed with health conditions that could make it harder to find an affordable life insurance policy. If you’re young and healthy, the time to start thinking about life insurance is now. Your future self will be grateful!
Thankfully, shopping for policies can be a whole lot simpler than you may think, and much for affordable too! In fact, you can start shopping for term policies through Bestow for less than the cost of an average dinner out!
Life insurance policies aren’t just for the family breadwinner.
If you have people who count on you, life insurance is one of the best ways to make sure that they’re taken care of after your death.
Many people think that if they don’t earn a paycheck, then they don’t need life insurance. Some stay-at-home moms often assume this, leaving them one of the most under-insured demographics.
In fact, a 2021 survey showed that women with life insurance only have about one-fourth of the coverage they actually need. An even more upsetting statistic from this survey is that 43% of adult women don’t have any life insurance at all.
Even if you don’t work outside the home, your family depends on you in so many ways. In addition to the emotional toll of your death, the financial burden of losing the family’s primary caretaker would be an additional hardship.
Think about everything you do for your family on a typical day. It’s probably pretty sobering to imagine how many people they would have to hire to pick up the slack in your absence.
With this in mind, it’s easy to see why having a solid life insurance policy is an important part of planning for your family’s financial protection whether you earn a paycheck or not.
Bestow offers term coverage, which can be much more affordable than whole life policies.
Term life insurance lasts for a pre-determined number of years. In the case of Bestow, that’s up to a 30-year term, as opposed to whole life (or “permanent” policies), which typically last for the purchaser’s entire life.
If you are looking for permanent life insurance policies, then Bestow may not be the best choice for your needs. However, if their term policies fit your lifestyle, they’re surprisingly affordable! Many people prefer Bestow’s term life insurance policies because they provide the coverage they need without taking a big bite out of their budget.
Bestow has you in mind when the unthinkable happens.
Bestow made applying for life insurance worth it even more with their new partnership with Empathy, a company dedicated to helping families deal with the aftermath of a loved one’s death.
Empathy’s app and premium services are now available to Bestow beneficiaries in 20 states at no cost. Beneficiaries and up to 9 friends or family members can use Empathy’s app to get emotional support and logistical help with many end-of-life tasks, including filing a life insurance claim, planning a funeral, and writing an obituary.
According to Empathy’s Cost of Dying 2022 Report, families spend an average of 420 hours taking care of their loved one’s affairs in the weeks and months following a death. With Bestow, your family will receive an added layer of support and guidance as they navigate all the different emotional, logistical, financial, and health challenges associated with grief and loss.
Bestow makes the application experience painless.
Shopping for life insurance can be stressful enough under even the best circumstances, but Bestow makes it an absolute breeze with its simple application!
The whole process is as easy and non-intimidating as possible. Unlike many life insurance providers, Bestow can give you an estimate of what your monthly payment would be in minutes, and they don’t require a medical exam.
They also have tons of great information about the type of insurance they offer, so you can educate yourself and be sure that you’re getting the policy that’s the best fit for you!
Life insurance is one of those things you hope to never need. But if you’re wondering whether or not life insurance is worth it, Bestow’s low monthly costs combined with the fact that you can rest easy knowing your loved ones are taken care of makes a win-win scenario.
Head over to Bestow to get a free quote & apply online, and if approved, you can get coverage immediately. Policies start at just $10 per month!
Life insurance quotes provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Term Life Insurance Policies offered by Bestow are issued on policy form LS181 and LS182, or state version including all applicable endorsements and riders, by North American Company for Life and Health Insurance®, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products or issues ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health to determine eligibility in order to avoid requiring a medical exam.