Two-year plans are well suited for students, freelancers, people changing jobs. The insurance payout does not exceed $1 million. Besides, Bestow insures only people aged 21 to 55 years.
Who needs life insurance?
Let's face it: life insurance is not what people like to talk about, but it should be an important part of a comprehensive financial plan. Life insurance provides a one-time payment to selected beneficiaries after the insured decease. This money can cover the funeral costs or compensate for lost income.
How much is Bestow Life Insurance?
Bestow offers two types of life insurance plans: plans for 10 and 20 years and more unusual plans for two years. The policy cost will depend on the insurance term, age, health, weight and bad habits. Please note, that Bestow offers a 20-year insurance plan for people between the ages of 21 and 45 and 10-year plan or 2-year insurance plans for people between the ages of 21 and 55.
Life insurance plans for 10 and 20 years involve contributions starting at $8 per month.
A two-year life insurance plan involves payments to the LIC from $3 per month, in which case the insurance coverage will be $500 thousand.
Source: https://www.businessinsider.com/bestow-life-insurance-review
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