Bestow Lands $70M Series C To Expand Life Insurance Product

▤ Summary

Life insurance startup Bestow brought in its second investment in 2020, this time a $70 million Series C funding round. The company’s platform enables a majority of customers to buy a policy right from their mobile device in as little as five minutes, without a phone screening, doctor’s visit or blood test. “Our vision we had when founding, is that a dislocation exists in the consumer demand for life, but yet they don’t go purchase it,” said O’Banion. It also launched its Protect API product while additionally expanding into fintech and independent agent channels. “There are tens of millions of people who have dependents, and we have learned this year that American households are fragile,” O’Banion said.

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