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Bestow vs Policygenius vs Haven vs Ethos | Instant Term Reviews

So you’re considering life insurance. If you want a simple term life insurance policy, there’s good news.

The life insurance industry has changed in the past decade. By using your public data, companies can now offer insurance policies the instant you finish the application.

If you’re reading this, then you’re wanting to find out whether you’re eligible and where to purchase the best policy.

Bestow Review

Bestow life insurance review

Bestow only sells term life insurance, and this is a good thing. Bestow has its process down to a science. First of all, the company provides a free quote without the need to enter your name, email, and phone number. Next, the application is online and only takes about 10 minutes to complete. As soon as you finish answering the questions, you get an instant decision. Once you get an offer, you have about 2 weeks to accept.

Don’t be fooled by the simplicity of the process. Bestow’s prices are amazing, and the policy is backed by A-rated North American Company for Life and Health Insurance.

The negative is there are few available riders, like a higher payout for accidents or a waiver of premiums if you become disabled. The policy does have a terminal illness rider, which means if you find out that you have a terminal illness and have less than 12 months to live, you can withdraw some of the money before you die.

Pros:

  • Great prices
  • Anonymous free quotes
  • No medical exam, ever
  • 100% online application
  • Coverage up to $1.5 million
  • Great customer service

Cons:

  • Those over age 60 are not eligible.
  • If you get declined, there are no alternative products.

Best for:

  • Those 60 years old or younger
  • Those in excellent health (uneventful medical history)
  • Those in good health (a few minor health issues that are well-managed by medication)

Not for:

  • Those with a history of heart attack, cancer, stroke, diabetes, or immune disease
  • Those who take more than 4 medications

Bestow Quote

Policygenius Review

Policygenius life insurance review

Policygenius is an independent life insurance agency that has an exclusive instant decision term life insurance product from Brighthouse Financial (a spinoff company of Metlife).

Policygenius offers a full line of insurance products, including car, home, renters, business, pet, health, and long-term care insurance. While the company offers many types of insurance, it is fine to purchase just a life insurance policy.

Policygenius is a low-pressure non-pushy company with great reviews.

The agency provides quotes online without requiring you to enter your name, email, or phone number. You can complete most of the application online, though you need to speak with a Policygenius agent to complete the application. We expect a completely online process to be available shortly.

The Policygenius instant decision product has three variations: SimplySelect, SmartCare Hybrid, and One Year Term. You want to look at the SimplySelect product for inexpensive instant decision term coverage.

SimplySelect offers up to $2 million in coverage for those ages 25 to 49 1/2. You have the option of converting the policy to a permanent policy later. The policy has a terminal illness rider, which means if you are told that you have a terminal illness and have less than 12 months to live, you can withdraw some of the money before you die.

The turnaround time between the time you apply and when you get a decision is about 24 hours. Some applicants are required to participate in a second interview to clarify answers on the application.

If you have medical conditions or you don’t qualify for a no medical exam policy, rather than declining your application, Policygenius offers you other product options.

Pros:

  • Option to convert to a permanent policy
  • Anonymous quotes
  • Up to $2 million in coverage
  • Fallback products available if you don’t qualify

Cons:

  • Must complete the application over the phone with an agent
  • Not an instant approval — 24-hour turnaround time

Best for:

  • Those ages 25 – 49 ½
  • Those who are willing to take a medical exam if necessary

Not for:

  • Those who are 50 or older
  • Those who don’t want to talk with a sales agent

Policygenius Quote

Haven Life Review

Sproutt life insurance review

Haven offers two term life insurance product options: Haven Simple and Haven Term. The Haven Simple product provides an instant decision with up to $500,000 in coverage and 5, 10, 15, and 20-year terms. There are no 25 or 30-year options. The upper age limit is 50. The product is not available to residents in CA, DE, SD, ND, or NY.

The Haven Term product provides up to $3 million in coverage and may require a medical exam — it depends on your health and medical history. Haven Term offers 10, 15, 20, 25, and 30-year coverage terms. Those up to and including 64 years of age are eligible. The product is not available to residents in FL, NY, ND, SD, or WA.

As you provide information while requesting your online quote, Haven’s algorithm determines if you are eligible for the instant-decision Haven Simple product or the Haven Term product, which may require you to take a medical exam to get a policy.

The online application is simple and you don’t have to talk with an agent to be approved. The pricing is great for both products.

The Haven products are issued by MassMutual, one of the country’s oldest insurers.

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Pros:

  • Great prices
  • Anonymous free quotes
  • 100% online application
  • Coverage up to $3 million
  • Great customer service

Cons:

  • An instant decision is only available up to $500,000
  • The instant product is not available in CA, DE, SD, ND, or NY
  • Only offers term life insurance
  • There is no 25 or 30-year coverage option for the instant decision product

Best for:

  • Those age 55 or younger
  • Those willing to take a medical exam if requested

Not for:

  • Those needing more than a $500,000 policy
  • Those needing over 20 years of coverage
  • Those in CA, DE, SD, ND, or NY

Haven Quote

Ethos Review

Ethos life insurance review

Ethos is an independent life insurance agency that offers several instant acceptance products. The agency’s current instant decision products are from Assurity Life and L & G Legal. Coverage is available up to $2 million with 10, 15, 20, 25, and 30-year terms. A terminal illness rider is included that provides access to funds if you find out that you have a terminal illness. Additional riders are available, such as accidental death and dismemberment, a waiver of premiums if you become disabled, and children’s coverage. The product can be converted to a permanent policy later.

If you go through the application process and get declined for an instant decision product, you have the option to switch your application to a different product.

Because Ethos has several products to offer after you complete the application, it’s a good choice even if your health is less than ideal.

Pros:

  • Price
  • Multiple instant products
  • Easy online application
  • Anonymous quotes

Cons:

  • You may need to talk to an agent
  • You may need to take a medical exam

Best for:

  • Those age 55 or younger
  • Those who are willing to talk to an agent
  • Those willing to take a medical exam if necessary

Not for:

  • Those age 55 or older
  • Those who don’t want to talk with an agent
  • Those who need a decision as soon as the application is completed

Ethos Quote

Conclusion

If you are less than 50 years old and have no history of cancer, heart attack, stroke, diabetes, or immune disease, then Bestow is the best option for getting cheap life insurance today.

The online process is simple, you get a decision the instant you finish the application, and the prices are amazing.

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For those willing to take a medical exam if necessary, Policygenius is the best option. If you have a history of cancer, heart attack, stroke, diabetes, or immune disease, or you are taking more than 4 prescription medications daily, then you are going to want to talk with a licensed agent at Policygenius.

Policygenius is an independent agency with a reputation for having a low-pressure sales process, so if you are OK with talking to a licensed agent, Policygenius is the best choice. The agency represents many insurance companies, so if you don’t qualify for an instant decision product, you have other options.

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