Maybe you’ve thought about getting life insurance, but it seems like an intimidating, time-consuming and expensive process.
Just tune out all the noise and focus on one fact you should know: It probably won’t take as long — or cost as much — as you think.
Check out this stat: Nearly half of millennials overestimate the cost of life insurance by about five times the actual amount, according to a 2018 Life Insurance and Market Research Association study.
The fact is life insurance policies start at under $5 per month with no medical exams or blood tests if you get one through a company called Bestow. That costs less than a venti caramel frappuccino at Starbucks.
And if you’re looking to get a lot of life insurance, you should know that $1 million worth of coverage can cost as little as $1 per day.
That’s the price a healthy 32-year-old woman would pay. Even if you’re not a healthy 32-year-old woman, you might be surprised by how low your premiums are.
Life Insurance — Made Simple and Fast
If you’re under the age of 55 and want to get a fast life insurance quote without the medical exam, pushy sales calls or even getting up from the couch, check out Bestow. The company is built around one concept — helping you get the term life insurance policy you want, simply and quickly.
It takes about five minutes to answer some basic lifestyle questions: Are you a smoker? Do you scuba dive, rock climb or race cars? Any criminal convictions or medical diagnoses?
You can get quotes and apply for coverage without taking a medical exam. If you’re approved, you can personalize your coverage to fit your budget. You can change or cancel your plan at any time.
Bestow sells life insurance plans with terms of two, 10 or 20 years. The amount of coverage ranges from $50,000 to $1 million. It’s easy to find something that fits your budget.
Bestow is available in every U.S. state except for New York and Georgia. It plans to expand into Georgia sometime in 2019, and it’s working on New York.
Mike Brassfield (mike@thepennyhoarder.com) is a senior writer at The Penny Hoarder. He is not a healthy 32-year-old woman.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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