Life insurance with no medical exam
Job no longer available
201-500 employees
To democratize access to comprehensive life insurance.
Bestow stands out from many other life insurance providers because it does not base its insurance offerings on a medical exam. It instead depends on algorithms and datasets to drastically speed up and simplify the insurance process so that more people can and will get around to taking out life insurance policies.
There are a few other companies, such as Ethos, using a similar approach, but it still represents a marked difference from the majority of the industry. Taking out a policy with the company can be done totally digitally, in very little time. It also offers a range of options to many different individuals, and reduces rates by as much as 40% for many applicants.
While it isn’t alone in the industry, the company’s approach is novel and focuses upon customer convenience, recognizing that many of its clients are young, working people who are very busy and may not prioritize taking out a policy if the process is difficult. In 2022, Bestow announced a partnership with Transamerica to digitize its life insurance products, off the back of a refocus on enterprise, partner, and advisor solutions. This new business strategy came after layoffs and underwhelming sales forced it to move away from D2C packages.

Steph
Company Specialist at Welcome to the Jungle
-24% employee growth in 12 months
Dec 2020
$70m
SERIES C
Apr 2020
$50m
SERIES B
City Center District, Dallas, TX
Jonathan Abelmann
(President)Having studied at Brigham Young, they worked at Lehman Brothers for a year, before joining Starwood Capital Group in 2008. They co-founded Invitation Homes in 2012 before starting Bestow as President in 2016.
Melbourne O'Banion
(CEO)They studied Finance at Brigham Young University before 8 years as a Kersh Health Partner. They founded Beauty Bioscience in 2008 and O'Banion Capital in 2012 before co-founding Bestow with Jonathan in 2016.
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