Lantern Life Insurance Review 2025
Bottom line: Lantern offers a straightforward, online option for term life insurance, known for its quick application process. However, policy options are limited.
Lantern, formerly known as Bestow, specializes in providing term life insurance policies. The online application process allows eligible applicants to get covered quickly, often without a medical exam. Lantern operates in all states except Maine and New York.
Pros:
- Quick coverage, often without a life insurance medical exam.
- Wide range of term lengths available.
Cons:
- Cannot add riders to your coverage.
- Not available in Maine and New York.
Overview of Policies
- Term Life Insurance: Lantern offers term life insurance policies for individuals aged 18 to 60. Coverage options range from $100,000 to $1.5 million, with terms of 10, 20, 25, or 30 years.
Lantern Life Insurance Rates
The following table presents sample monthly rates for a 20-year, $500,000 term life insurance policy from the insurer. Actual rates depend on individual factors such as age, health, lifestyle, occupation, and driving record.
Source: Insurer’s site. Rates reflect the super preferred class and are valid as of 2/28/25.
More About Lantern
Lantern’s website provides a user-friendly experience for obtaining quotes and applying for coverage. To receive an initial quote, you’ll need to provide your birth date, height, weight, gender, ZIP code, and nicotine use. If you decide to purchase a policy, you can select your coverage amount and term length.
At this time, Lantern does not have a mobile app for policy management. Beneficiaries can file a life insurance claim online or by phone during business hours.
How to Contact Lantern
- Phone: Call 800-835-8803 on weekdays from 8 a.m. to 5 p.m. CT.
- Email: Send a message to team@lanterninsurance.com.
- Live chat: Not available.
