Full-Time
Product Manager
Origination Platform
Posted on 7/23/2024
Bestow
201-500 employees
Digital platform for life insurance solutions
Compensation Overview
$115k - $135kAnnually
Mid
Remote in USA
- 2+ years in a product management role
- Preference given to past experience with the insurance industry (or fintech) and/or enterprise SaaS platforms
- Experience leading cross-functional customer-facing meetings
- Excellent communication skills through verbal, written, and visual mediums
- Ability to clearly communicate priorities and promote alignment across teams
- Ability to collaborate with cross-functional teams in engineering, UX, insurance operations, and customer service
- Ability to lead cross-functionally through influence rather than authority
- Comprehensive understanding of how platform features impact customer journeys
- A track record of delivering high-quality projects on time
- Experience writing software functional requirements in an agile environment
- Work closely with cross-functional teams to prioritize a roadmap
- Focus on the new business application portion of the platform
- Serve underwriters and agents & applicants
- Collaborate with engineering teams, UX team, TPMs, and internal/external stakeholders
- Report to Director, Product Management
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
Total Funding
$177.5M
Headquarters
Dallas, Texas
Founded
2017
6 month growth
↑ 4%1 year growth
↑ 4%2 year growth
↓ -2%
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.
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