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Bestow

Bestow

Digital platform for life insurance solutions

About

Bestow offers a digital platform for purchasing life insurance, focusing on making the process quick and easy for individuals. Their technology streamlines the application process using advanced underwriting methods, allowing most applicants to receive instant decisions. Bestow's software covers the entire insurance lifecycle, which helps reduce costs and enables the rapid launch of new products. They also utilize data solutions to enhance customer data for better marketing strategies and audience targeting. Unlike traditional insurance companies, Bestow prioritizes a user-friendly experience and affordability, with coverage starting at $11 per month. Their goal is to provide accessible life insurance while maintaining high customer satisfaction, as evidenced by their excellent ratings and A+ Better Business Bureau score.

Company Stage

Series C

Employees

201-500

Industries

Financial Services, Fintech

Total Funding

$177.5M

Headquarters

N/A

Founded

2017


Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition by Sammons Financial Group could provide Bestow with additional resources and stability for growth.
  • Partnerships with major players like Transamerica enhance Bestow's market reach and technological capabilities.
  • Recognition as a top workplace in financial services and insurance highlights a positive company culture and employee satisfaction.

What critics are saying

  • Layoffs and partner challenges indicate potential instability and strategic misalignment within the company.
  • The competitive landscape of digital life insurance is fierce, with new entrants and traditional insurers enhancing their digital offerings.

What makes Bestow unique

  • Bestow leverages advanced underwriting technology to expedite the insurance application process, offering instant decisions, unlike traditional insurers.
  • Their data-driven approach to audience segmentation and marketing optimization sets them apart in the life insurance industry.
  • Bestow's digital platform simplifies the entire insurance lifecycle, from origination to administration, providing a seamless user experience.

Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

-8%

Benefits

Competitive salary

Equity

Annual bonus based on company and individual performance

Flexible PTO plan

Medical, dental, & vision insurance

Paid parental leave

Annual lifestyle spending account

Flexible work-from-home policy

Learning & development opportunities

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