Migliaccio & Rathod LLP is investigating whether Bestow digital life insurance platform and underwriting tools unfairly deny applicants, increase premiums, or rely on automated scoring models that consumers do not understand.
Reported Issues
Consumers report:
- Applying for life insurance through a fully online process.
- Being told the process does not require a traditional medical exam.
- Receiving an immediate or rapid decision.
- Not being told what data drove the approval, denial, or premium.
- Concern that automated models may rely on non-medical consumer data.
Bestow describes itself as a life insurance software platform offering digital quote, illustration, application, underwriting-engine, payment, billing, and policy-delivery services; prior Bestow materials emphasized online applications without medical exams.
Why Individuals Should Be Concerned
Potential claims include:
- Unfair insurance practices
- Discriminatory underwriting
- Consumer fraud
- Lack of transparency
- Improper use of third-party consumer data
- Economic loss from denial or up-rated premiums
Signs You May Be Affected
- You applied for life insurance through Bestow or a Bestow powered platform.
- You received a denial or higher-than-expected quote.
- You were not told how your application was scored.
- You believed the process would be simple, fair, and medically based.
- You applied for instant or no-exam life insurance after 2022.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.