Is Life Insurance Worth It? Bestow Has Policies for Every Budget

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Wondering whether life insurance is worth it? Here’s why we think Bestow is a great option…

family at graduation

Want to take care of the people you love? Bestow makes applying for life insurance easy!

Even though it’s not the most fun topic to think about, purchasing a life insurance policy is something every adult should consider. If you have a spouse, children, or aging parents who depend on you, then life insurance could be a very wise option.

Even if you’ve just turned 18 and you’re heading off to college or into the workforce for the first time, you may need a life insurance policy, too.

Head over to Bestow now and browse life insurance policies starting at only $10 per month!

Graduate with balloon

Why would young adults need to think about life insurance?

Learning about life insurance and selecting an appropriate policy can also be an important part of a young adult’s journey toward financial literacy. But do you really need life insurance if you don’t have any dependents?

If you’re a college student (or have a child who is one) and are wondering if having a life insurance policy would even be worth it at your age, you may be surprised at the answer! If you have private student loans or other shared financial responsibilities with parents or other family members, life insurance can help to protect them from the financial burden of your debt should the unthinkable happen.

man using a macbook

Here’s one more factor every young person should consider – life insurance will probably never be more affordable for you than it is right now, while you’re young and most likely to be healthy.

Life insurance premiums increase with age, and with every passing year, you’re more likely to be diagnosed with health conditions that could make it harder to find an affordable life insurance policy. If you’re young and healthy, the time to start thinking about life insurance is now. Your future self will be grateful!

Thankfully, shopping for policies can be a whole lot simpler than you may think, and much for affordable too! In fact, you can start shopping for term policies through Bestow for less than the cost of an average dinner out!

family standing together outside in desert sunset

Life insurance policies aren’t just for the family breadwinner. 

If you have people who count on you, life insurance is one of the best ways to make sure that they’re taken care of after your death.

Many people think that if they don’t earn a paycheck, then they don’t need life insurance. Some stay-at-home moms often assume this, leaving them one of the most under-insured demographics.

In fact, a 2021 survey showed that women with life insurance only have about one-fourth of the coverage they actually need. An even more upsetting statistic from this survey is that 43% of adult women don’t have any life insurance at all.

family using facebook portal

Even if you don’t work outside the home, your family depends on you in so many ways. In addition to the emotional toll of your death, the financial burden of losing the family’s primary caretaker would be an additional hardship.

Think about everything you do for your family on a typical day. It’s probably pretty sobering to imagine how many people they would have to hire to pick up the slack in your absence.

With this in mind, it’s easy to see why having a solid life insurance policy is an important part of planning for your family’s financial protection whether you earn a paycheck or not.

woman and daughter looking at laptop

Bestow offers term coverage, which can be much more affordable than whole life policies.

Term life insurance lasts for a pre-determined number of years. In the case of Bestow, that’s up to a 30-year term, as opposed to whole life (or “permanent” policies), which typically last for the purchaser’s entire life.

If you are looking for permanent life insurance policies, then Bestow may not be the best choice for your needs. However, if their term policies fit your lifestyle, they’re surprisingly affordable! Many people prefer Bestow’s term life insurance policies because they provide the coverage they need without taking a big bite out of their budget.

casket with flowers

Bestow has you in mind when the unthinkable happens.

Bestow made applying for life insurance worth it even more with their new partnership with Empathy, a company dedicated to helping families deal with the aftermath of a loved one’s death.

Empathy’s app and premium services are now available to Bestow beneficiaries in 20 states at no cost. Beneficiaries and up to 9 friends or family members can use Empathy’s app to get emotional support and logistical help with many end-of-life tasks, including filing a life insurance claim, planning a funeral, and writing an obituary.

According to Empathy’s Cost of Dying 2022 Report, families spend an average of 420 hours taking care of their loved one’s affairs in the weeks and months following a death. With Bestow, your family will receive an added layer of support and guidance as they navigate all the different emotional, logistical, financial, and health challenges associated with grief and loss.

woman working on a computer

Bestow makes the application experience painless.

Shopping for life insurance can be stressful enough under even the best circumstances, but Bestow makes it an absolute breeze with its simple application!

The whole process is as easy and non-intimidating as possible. Unlike many life insurance providers, Bestow can give you an estimate of what your monthly payment would be in minutes, and they don’t require a medical exam.

They also have tons of great information about the type of insurance they offer, so you can educate yourself and be sure that you’re getting the policy that’s the best fit for you!

woman typing on laptop while sitting on white couch

Life insurance is one of those things you hope to never need. But if you’re wondering whether or not life insurance is worth it, Bestow’s low monthly costs combined with the fact that you can rest easy knowing your loved ones are taken care of makes a win-win scenario.

Head over to Bestow to get a free quote & apply online, and if approved, you can get coverage immediately. Policies start at just $10 per month!

Life insurance quotes provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Term Life Insurance Policies offered by Bestow are issued on policy form LS181 and LS182, or state version including all applicable endorsements and riders, by North American Company for Life and Health Insurance®, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193. Products or issues ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health to determine eligibility in order to avoid requiring a medical exam.

About the writer:

Jenna has a Bachelor's Degree from Lycoming College and her Master's from Penn State, holding 4 years of writing experience between a variety of publications and Hip2Save.

Join The Discussion

Comments 51

  1. Stacy

    I thought ads had to be clearly marked on blogs?

    • tipaye

      I’m confused as well and have requested clarification.

      • Katibell

        On the app there is no disclaimer above

    • laura-24

      Thank you. I was thinking the same thing. I hate it when Hip2save does this. Seems slimy.

      • lexiloowho

        Slimy?! Do you not realize that it costs actual money for them to have a site running and app plus multiple people posting deals daily? It’s always nuts to me when people complain about a FREE thing that is wonderful and helps save money.

      • Nancy

        How is it slimy? They are trying to help you. If you know how to comment on a blog that clearly you are smart enough to know what is an ad and what isn’t an ad

    • Amber (Hip Sidekick)

      This is an informative post regarding Life insurance for those interested and wanting to learn more. There are affiliate links in the post which we disclose at the top of all of our posts. This helps to support the site in so many ways including paying the awesome team members here at Hip2Save, covering web hosting and service fees etc and essentially keeps the site free for all of you awesome readers! 😊

      • Katie

        THANK YOU for this post! I don’t know about this specific company but all the general information about life insurance is TRUE and it’s such an important topic to talk about. You want to save money? Get life insurance early. You want to make sure your family is protected? Get life insurance period! I lost my dad when I was on the younger side and because of that we took out life insurance as soon as I was first pregnant even though we could hardly afford it. Then we took out more when we condo afford it. It’s a HUGE sense of security knowing our children will be financially ok no matter what.

        • Amber (Hip Sidekick)

          You’re very welcome, Katie. SO sorry for your loss. Thanks for sharing your story with us.

  2. JD827

    A Star Hip2Saver is a recognized member of our Hip2Save community hand selected by our team for demonstrating a long history of engagement with helpful & friendly comments across and our social channels. Our Star Hip2Saver badge acts as a verification for readers who know the ins and outs of all Hip2Save sets out to accomplish — assisting our community to live extraordinary lives on ordinary budgets. Readers cannot pay or provide any sort of exchange in order to earn this badge. Rather, they are invited to participate by a member of the Hip2Save team and opt to have the Star Hip2Saver badge added to their profile & comments.

    From personal experience I can echo a lot of the points made in this article. Make sure that at a minimum there is a policy that covers your burial expenses. Put together an “oh sorry you are dealing with this folder” listing passwords, bank accounts, bank safety deposit boxes, life insurance, who to contact at your work, arrangements you have made for your pets, etc. While you are at it get short and long term disability insurance; life can change in an instant. Don’t assume you won’t need life insurance when you are older and switch over from term to another form well before term rates skyrocket as you age. Many people find themselves in old age raising their grandchildren or caring for a disabled adult child. No one wants to think about this stuff but no one is sorry they are insured when it does.

    • Lisha

      Thanks for including scenarios many do not think of. Not only can you save money, but undue stress.

  3. Kincade

    I highly recommend genetic testing. I found out, after being diagnosed with ovarian cancer at the age of 40, that I have the MSH2 gene mutation..aka Lynch syndrome. Before those results came back, I was encouraged to get life insurance for myself, and my children. I had a 50% chance of passing that gene mutation to them. If you find out you have a genetic condition, it’s then considered a “pre-existing” condition and life insurance is very hard to get (and expensive.) Health insurance is a different story, there was a law passed in 2008 that prevents health insurance companies from requiring health screenings and discriminating against people who have genetic conditions. I wish a similar law would be passed for life insurance.

    • Janet

      Kincade, just wanted to say hello from a fellow MSH2 Lynchie!

      • Kincade

        Janet… hello!!!!!! It’s nice to meet someone in the same boat as me! This is still all very new to me.. Lynch syndrome, that is. “Lynchie”… lol…. I like that!

        • Janet

          Kincade, if you have any questions or want more info on Lynch, please send me an email:

    • Janet

      Kincade, I agree about the life insurance. I too am a cancer survivor, MSH2, fellow Lynchie!

    • brandy48

      I hate that I know this, but please PLEASE get life insurance BEFORE you get genetic testing! You mention this but I want to call it out as a separate comment.

      Also get life insurance BEFORE you get pregnant and BEFORE you turn 35, if at all possible. Rates will only go up.

  4. Lissa

    I just unexpectedly lost my father 7 weeks ago. He had term insurance up until a few months before he passed away. When the policy came to the end of the term, the new monthly price was more than he could afford. He was still in the process of shopping to replacing the policy when he passed. We completely regret purchasing a term policy and wish we would have went with a “whole life” one. His funeral and burial (with an already purchased plot) was almost $20K with no active policy. Don’t think you will always have the time and as much as its hard to think about, make sure your love ones left behind will be able to financially take care of your wishes.

    • Blessed

      Sorry for your loss

    • Amber (Hip Sidekick)

      I’m so very sorry for your loss, Lissa. ❤️

    • brandy48

      I think it’s worth understanding the goals of life insurance and then deciding on term vs whole.
      We have a MASSIVE (2M on DH; 1.5M on me) term policy that expires when we are 59. at that point, our kids will all be 21+ and out of college (or had their fair shot at doing it in 4 years). if either of us die at 60+, we are financially saving now for those expenses and not planning to use life insurance to cover things like funeral costs, etc.

      Our term policy is meant to replace income in the years of the term. Hopefully, we never need it. we don’t need a million dollars if either of us dies when the kids are adults and we are nearing retirement. We would need it today, to pay for life, college, mortgages, etc. if DH or I had to raise our 4 kids solo and on one income.

  5. tipaye

    As a Social Worker, Advanced Care Planner and avid individual in general for preparing for end-of-life, I don’t appreciate as a Hip2Save subscriber how this post was handled. Can you please disclose if this is a paid advertisement and if Hip2Save plans to collect commission based on referrals to this company? In an attempt to become more transparent, your company has started disclosing paid advertisements and with a topic as sensitive as this one, additional information would be appreciated. Thank you.

    • Erin

      EVERYTHING on Hip2save is a paid advertisement or promotion that Hip2Save is making money on. Their entire business is based on referrals, us clicking links and using promo codes, and making purchases from links from Hip2Save. That’s why you see an affiliate notification on every single post. There’s nothing wrong with that. Hip2save is providing a service by saving all of us time by consolidating deals all in one place. It’s up to you to decide if the product is right for you. But every single post is trying to convince you how wonderful a product is and/or why you may need it. Hip2save is a business and there’s nothing wrong or non-transparent about what they are doing. They are getting paid by companies for promoting their products. Simple as that.

      • Nancy

        exactly! I do not understand peoples concern/complaints about the ads here. This isn’t a site for kids that needs to say “Hey kids this is an advertisement”. Although, with the way people are reacting maybe they do?!? crazy

  6. NikkiLLM5

    Term life insurance is great but you have to start investing with the money you save by going with term so that when the term ends you won’t need it anymore. You should be investing in a Roth IRA and get with a financial advisor you trust to help you with investments. You can have so much more for your family thru investments than with insurance. You just want enough term to cover your burial until you can get those investments built up. And this way you aren’t wasting your money on insurance when you could have your money making money. I hope this helps.

    • JD827

      A Star Hip2Saver is a recognized member of our Hip2Save community hand selected by our team for demonstrating a long history of engagement with helpful & friendly comments across and our social channels. Our Star Hip2Saver badge acts as a verification for readers who know the ins and outs of all Hip2Save sets out to accomplish — assisting our community to live extraordinary lives on ordinary budgets. Readers cannot pay or provide any sort of exchange in order to earn this badge. Rather, they are invited to participate by a member of the Hip2Save team and opt to have the Star Hip2Saver badge added to their profile & comments.

      That is standard advice and in general works great. I followed it. However 2008 happened to lots of us older folks after retirement. My parents lived through the Great Depression and had pretty strong feelings about investments as well. I never thought that I would be supporting my young granddaughter in my 70’s either. Yes invest invest invest. But have something else up your sleeve as well like a modest insurance policy. I could fill a book with stories of how Wall Street worked out for friends and family.

  7. Decorum

    Better to support your local independent Life Insurance Agent. It costs NOTHING extra and they can offer you this and 40+ other companies and actually shop them to make sure your rate is the best available for you… and you get a real live person helping you now and later.

  8. Lindsay Reddick

    YES!! if you are over 18, you NEED life insurance.

    • frank


  9. Katie

    My friend just passed at 41. Two kids, 4 and 7 and a wife. Their lives will now change not only because of losing him but because financially they weren’t covered for this. It’s really hard to see. We set up a gofundme but it’s not much and the money won’t last long to help them. 😫 Please get life insurance!!!

    • Beverly

      So sorry for your loss.

  10. Jen Mauch

    Life insurance can meet many needs. It’s important you find your ‘why’. For me it was to provide my family income if something happens to me. I have a 30-year fixed premium term as I hope when I’m in my 70’s, with our investments and 401K, we don’t have to worry about needing that. I got my kids a whole life policies to guarantee their insurability in case they ever get sick with a life-threatening illness. I also added a rider so they can increase the policy at certain ages and stages of life. It’s important you understand the differences between term, universal, and whole and then find a good agent to answer questions. And then find your ‘why’.

  11. Holly

    Next you should do a little post about making wills! When I had my first daughter I received the advice: make a will, Boost your life insurance and open a saving account for the child. I myself looked into college savings funds as well. My second child was born last year and when he was about 40 days old he had a savings account, a college savings account, was in our will and his father and I had boosted our life insurance. All so important!

    • Amber (Hip Sidekick)

      Thanks for the request and the helpful suggestion, Holly! I’ll be sure to pass this along to the team! 🙌💞

    • Nancy

      Great suggestion. I am amazed at how few of my friends with children have a will or have it in writing what will happen to their children should both parents die. When we updated our will after our first child the lawyer had it written “AJ and any other children”. That way if we had children after our first born they were covered until we were able to update our will. My SIL who is single and no kids was told by a lawyer that she didn’t need a will. But really everyone does!

    • Emily (Hip Sidekick)

      Hi Holly! Thank you for the smart post suggestion 😁 Kara on our team recently wrote a great piece about how to write a will in 6 easy steps. You can check it out here: Hope you find it just as beneficial as we do!

      • Vicki S.

        This was very thoughtful and I sent this to younger friends, in their 20’s and 30’s. It’s never too early to think, consider or plan our wills. Thanks again!

  12. molly

    Regardless of where you get your life insurance, please consider it. My friend was pregnant with #3 and lost her husband unexpectedly. They were in their 30s. Thankfully, they had recently purchased life insurance policies and that helped her tremendously as she had to navigate family life without him. I also second the above comment re: getting wills and trusts in order. It took us a while, but once we learned that up to 40% of assets can get exhausted in the probate process, we quickly hired a lawyer to draw up the documents. I rest easier knowing we have these things in place for ourselves and our children.

  13. Katie

    Yes, buy life insurance!!

  14. Shelly

    I don’t understand why, but it said They don’t offer a policy for me. No further explanation. Did this happen to anyone else?

    • Nancy

      It could be a number of things. Health history is usually the biggest one. Whole whole life is not a great product you should be able to get one of those. Even a small one to cover funeral expenses

  15. Nancy

    Great article! I got married at 33 and didn’t get any until then. Thankfully it was still a reasonable cost. My first job I worked for my state and bought an extra policy that I was able to carry with me when I left. My husband and I joke that we are both worth more dead than alive. Even if you aren’t married or have kids life insurance is important. At least enough to cover your funeral expenses. It is also important to have it For the stay at home parent. Because if you die then your spouse is going to have to hire Mary Poppins to fill in all the gaps you leave behind.
    Insurance should NOT be an investment which is why whole life is not the best. Yes there is a cost to term life insurance and, but we also have car, home, health insurance. We might not always get back what we pay into those but if you need it, then you have it.
    The fact is we are all going to die someday. We just don’t know when. Having life insurance in place gives you peace of mind for the what if’s in life.

    PS. To those that are upset at the links to a life insurance company. Get over yourself! Of course they will have a link to a suggestion in an article about life insurance. Hip2Save offers tons of great advice and savings but have to earn a living to get it to us

  16. kcfrugal

    As an independent broker/agent, here is what I usually suggest. 1. get a 30 years term life insurance in early 20-30 (while healthy and young to cover your mortgage, children future expense, and cost of living min. 5 years of annual gross income) And please make sure that it has “Living Benefits” which will give you a temporary cushion, should you suddenly get stroke, heart attack, or cancer to cover the living expense while you recover. And rest of money, you need to start investing (not bitcoins/ something that is backed by the gov’t for a long term) 2. in later 30-50, still get a life insurance with a living benefits and invest into Traditional or Roth IRA. 3. 50-65 at this time life insurance will cost a lot (mostly it is to cover the funeral expense) 4. at any time when you have purchased a Term insurance, as soon as possible you want to convert it into Universal or Whole life. But most importantly, please seek an independent agent/ broker with many years experience to go through a “Need Analysis” and I recommend to review all your insurance every two-three years. FYI, there are two kind of agent. One is captive, they only sell one company they represent. Other is Independent agent/broker, who is contracted with many different company and can compare and cater to your specific needs.

    • Jessica (Hip Sidekick)

      Thanks so much for taking a moment to share your suggestions, kcfrugal! 🥰

    • KellieZ

      Please do your homework and read articles online – or even YouTube videos – so you understand what you are buying when it comes to insurance policies.

      • KellieZ

        Darn, meant to post this in the general comments not as a reply to this comment.

      • Jessica (Hip Sidekick)

        Thanks for sharing your tip, KellieZ! 💓

  17. Cara

    I purchased term life insurance 25 years ago. I have almost no information about this insurance or the company except that I was offered the policy through my bank and the premiums are deducted from such account every 2-3 months. I have recently found out that it is accidental insurance which you would think covers any kind of accident. Not so. I couldn’t find any type of accident it would cover, hence the confusion as why it’s called accidental insurance which I thought was term. So I know realize I have been paying and have no coverage when I die. Now I’m completely confused and unsure what to do. And yes the premiums are still being taken out. I did calculate how much it came to and cried at thinking this could have been money in the bank.

    • Jessica (Hip Sidekick)

      So sorry to hear about your experience, Cara. Hoping that you’ll be able to get in touch with a representative from that company to learn more about the policy and coverage. 💕

    • Kellie Z

      Cancel the policy. Don’t keep something you don’t need.

  18. frank

    adding – i have followed this site for many years. i happily click links. some posts are obvious solely cash generators and i scroll on by. note to management – this is a new low.

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