Bestow Raises $15 Million in Series A Financing
Today, less than 44% of households have individual life insurance, yet 85% of consumers recognize the need for it. Bestow focuses on activating this consumer demand with a full stack approach that introduces consumers to modern life insurance products that can give millions of uncovered Americans affordable coverage, all delivered in a fully digital experience. Powered by a proprietary algorithmic underwriting engine, Bestow leverages predictive analytics to instantly determine risk and give consumers immediate access to comprehensive life insurance solutions, without any of the traditional challenges of working with an agent, lengthy applications, or medical exams.
The funding, which is one of the largest Series A financing rounds in
"It's clear there is a gap for consumers between the demand for life insurance protection and their ability to navigate the friction typically involved in getting covered," said
"Bestow is reshaping the life insurance process by bringing much needed innovation to one of the most regulated and stationary industries in existence," said
Bestow is backed by two of the most trusted names in the insurance industry, both of which are rated A+(Superior) by
For more information about Bestow, please visit https://hellobestow.com/ to learn more.
About Bestow
Bestow is making life insurance a reality for millions of currently uncovered Americans. Powered by a first-of-its-kind digital experience and algorithmic underwriting, Bestow is delivering new, consumer life insurance products that are affordable, A+ rated, and available instantly with no medical exam. For more information about Bestow, please visit https://www.hellobestow.com/.
About
Valar invests in high-margin, fast-growing technology companies that are pursuing huge market opportunities. Based in
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