Here’s How to Get Life Insurance for $5/Month With No Medical Exams or Blood Tests

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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 term 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.

Get up to $1M of Life Insurance

If you’re under the age of 55 and want to get a fast life insurance quote without the medical exam 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 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’ll also need your Social Security number and a driver’s license or I.D. to verify you are who you say you are, plus contact info for your beneficiary.

You can get quotes and get apply for coverage without taking a medical exam. If you’re approved, you can personalize your coverage to fit your budget.

Bestow offers 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. 

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He is not a healthy 32-year-old woman.