Since 1994
By Gil G Edwards, RICP®, Founder & CEO, Termco · Licensed agent, NPN 676445 · Updated
At a glance
| Termco | Bestow | |
|---|---|---|
| What they offer today | Term life quotes and application help from licensed agents | A software platform for life insurance carriers; no longer sells policies directly to consumers source (last checked Oct 2026) |
| Existing policies | n/a | Bestow Life Insurance Company was sold to Sammons Financial Group in 2024 and renamed Lantern Insurance Company; Bestow says existing policies remain in force source (last checked Oct 2026) |
| Business model | Independent agency; compares term life from multiple insurers | Technology provider to carriers (quote, application, underwriting and admin software) source (last checked Oct 2026) |
| Background | Founded 1994 by Gil G Edwards, RICP®; Licensed in all 50 states | Headquartered in Dallas, TX source (last checked Oct 2026) |
When Bestow may be the better choice
- If you already have a policy that was issued by Bestow Life Insurance Company, keep it in force and contact its current insurer (Lantern Insurance Company, per Bestow) for service. Don't cancel it just because the brand changed.
- If you're a carrier looking for insurance software, Bestow's platform is built for that.
When Termco may be a better fit
- You're shopping for a new term life policy and want help comparing insurers.
- You want a licensed agent to review whether your existing coverage still fits. We'll tell you honestly if keeping what you have is the better choice.
Either way, the price of a given policy from a given insurer is set by that insurer and filed with regulators, so it generally doesn't depend on which licensed agency you buy through. What differs is which insurers you can compare, how your application is guided, and who you talk to. For more, see online life insurance vs. an independent agency.
Want a second opinion?
Share a few basics and a licensed Termco agent will follow up with options. No obligation, and you're welcome to compare us with anyone.
Frequently asked questions
Does Bestow still sell life insurance?
According to Bestow's website, it no longer sells life insurance directly to consumers. It sold Bestow Life Insurance Company to Sammons Financial Group in 2024, which renamed it Lantern Insurance Company.
What happens to my Bestow policy?
Bestow says existing policies remain in force. Contact the current insurer for service questions.
Is Termco affiliated with Bestow, Sammons or Lantern?
No. Termco is not affiliated with, endorsed by or sponsored by any of them.
Competitor names are used only to identify their services for comparison. Termco is not affiliated with, endorsed by or sponsored by any company named on this page. Competitor information comes from each company's own website as linked, last checked October 2026, and may have changed since. Please confirm details on their sites. Termco's products and availability vary by state, and all coverage is subject to underwriting by the issuing insurer.