Bequest is a relatively new insurer on the scene that seeks to give anyone seeking life cover a more straightforward way to get a policy.
Bequest’s offerings are mainly targeted toward young adults, highlighting the value in their life insurance products and the intuitiveness of the online procedure.
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Bequest is a relatively new insurer on the scene that seeks to give anyone seeking life cover a more straightforward way to get a policy. They have designed their products to focus on essential features, making it easy for anyone to apply, and you can get quotes in seconds.
We review this new entry’s offerings in the life insurance marketplace.
Contents
Bequest’s insurance mantra is a ‘no-nonsense’ approach. This means they aim to keep their products and coverage straightforward. The provider only offers one core life insurance product, which comes in the form of level or decreasing plans.
We will break down more about their product and its potential advantages below.
Bequest advertises a straightforward, transparent process for getting coverage, with an efficient online form and the possibility of obtaining cover within minutes of application. The provider offers clear options of either level term or decreasing term life cover, which are explained as follows:
Bequest keeps things simple, only offering these two life insurance plans but allowing customers to add their preferences to the application. Prospective policyholders can choose their length of cover with options up to 40 years, and any UK resident can apply until their 65th birthday.
The level of coverage applicants can request ranges from as little as £5,000 up to £500,000, which is age-dependent. Finally, you can choose whether you prefer single or joint-life policies, considering your partner.
Bequest’s offerings are mainly targeted toward young adults, highlighting the value in their life insurance products and the intuitiveness of the online procedure. But do the provider’s facts support the quality of their offerings?
Let’s get an overview of the insurer.
Listed in the table below are the essential details behind Bequest life insurance.
| Bequest will pay out on your policy if: | The policyholder dies during the contracted term. |
| Options: | Term Life Insurance (level or decreasing) |
| Policy Coverage: | Single/Joint Coverage |
| Terminal Illness Cover: | No |
| Critical Illness Cover: | No |
| Minimum Entry Age: | 18 |
| Maximum Entry Age | 65 |
| Guaranteed Insurability: | No |
Bequest life insurance doesn’t offer many additional features such as critical or terminal illness cover. However, they do include the perk of a free will, written by professionals when you sign up for a policy.
Do the limited options and features of the products affect customer satisfaction with their plans and service? Let’s look into public opinion to find out more.
We compare plans from the leading life insurance providers
Customers’ general outlook on Bequest is positive, praising the process’s simplicity and ease of getting covered when they most need help. There are some particularly intriguing points noted that give Bequest an edge over their competition, including:
Let’s look at the key points mentioned in peer reviews to validate the claims of competitive advantages over other insurers.
The most available feedback was from customer review platforms. Although there aren’t thousands of reviews, there are enough to gauge public opinion that Bequest is almost exclusively top-rated. Customers praised the insurer for these key points:
So do the ratings align with what the public says about Bequest?
Bequest has generally received good reviews from two primary trust sources, the customer-centric Trustpilot and the peer-reviewed Defaqto. Let’s highlight the numbers supporting the positive outlook of the insurer.
Out of 20 reviews, Bequest has a rating of 4.1 out of 5 on the Trustpilot platform, achieving an ‘excellent’ service rating. Find the breakdown of review assignments below.
| Rating | Percentage of Feedback |
|---|---|
| Excellent | 88% |
| Great | 3% |
| Average | 6% |
| Poor | 0% |
| Bad | 3% |
Again, the excellent reviews emphasized the fantastic customer service, and the ease of process for customers seeking quick life insurance solutions. But what do industry professionals think about Bequest’s offerings?
Defaqto rates Bequest’s primary life insurance offering a 3 out of 5 stars on their expert ranking list. This rating is partly due to the limited product range the insurer offers, as they offer only one core product with limited variations.
However, Bequest compares favorably to leading insurers, meaning that the provider could be a viable option if you prefer your life insurance to be a more straightforward process.
Does the simple and concise application process suit your life insurance needs? Bequest may be a good option if you want good value from your life cover and don’t have too many intricate needs from your policy.
If you’d like to learn more about the insurer, you can contact an expert broker who can compare Bequest against other options tailored to you.
| Type | Plan name | Rating |
|---|---|---|
| Life assurance (decreasing) | Life Insurance | 3 |
| Life assurance (level term) | Life Insurance | 3 |
