Life Insurance
Simply put, life insurance gives your loved ones financial security after you're gone. You pay a monthly premium, and if the unexpected happens, your loved ones get a death benefit they can use for things such as medical bills, funeral expenses, outstanding mortgage, college tuition and even living expenses.
You can feel confident today knowing your family will be secure with the life insurance policy that you choose if they ever have to make it on their own.
In working with you, our approach is based on a simple philosophy:
Insure Today. Secure Tomorrow®.
    
Term Life Insurance: This coverage lasts for a "term" you choose, usually 10, 15, 20, or 30 years. During that time, your life insurance premiums are guaranteed not to increase. If you pass away during that time period, your beneficiaries get a cash death benefit. If you live longer than the term period, you have the option to continue your life insurance coverage for an annual, renewable premium, which is generally much higher. You can usually convert a term life insurance policy to a permanent life insurance policy without getting a new medical exam. Get a term life insurance quote now.
Permanent Life Insurance: There are two big ways that permanent life insurance is different from term life insurance. First, the policy is meant to last the rest of your life (as long as you make the required premium payments, of course). Second, part of the money you pay into your permanent life insurance policy is set aside in an account where it can grow cash value that you can tap into later on. There are several types of permanent life insurance, each with different advantages.
Keep reading to learn more about life insurance, or click here to contact an Allstate Financial professional for help.
Life insurance helps you plan ahead, so your family will be taken care of even if you can't be there for them.
The cash benefit paid out by life insurance can protect a lot of important things:
- If your spouse is depending on your income for retirement, it can keep those plans on track.
- If you've got a mortgage, it can pay off that debt so your family won't lose their home.
- And if you want your kids to go to college, or you want to leave money behind for them, it can do exactly that.
The other great thing about the benefit of life insurance is that it's generally paid out tax-free. So when you look at the amount of coverage you want to buy, what you see is what you get. There's no guesswork about how much gets taken out in taxes after your life insurance benefits have been awarded.
As you can see, life insurance is very flexible. That's why it makes sense for a lot of people, even if they all have different goals. Get a term life insurance quote now. Keep reading to learn more about life insurance, or click here to contact an Allstate Financial professional for help.
Who Needs Life Insurance?
- Parents who want to make sure their children are cared for
- Those with debts they don't want to pass on to loved ones
- People who want to lock in a lower insurance rate while they're young
- Homeowners who want to make sure their family can pay off the mortgage if they should die
- Families who rely on a stay-at-home parent
- If you have a life insurance policy through your employer, because your policy does not go with you when you switch jobs
- Entrepreneurs who want to protect their business
- Those who want to leave a legacy for their children and grandchildren
Keep reading to learn more about life insurance, get a term life insurance quote now, or click here to contact an Allstate Financial professional for help.
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Variable universal life insurance products are long-term investments designed to provide life insurance protection and flexibility in connection with premium payments and death benefits. You should carefully consider the investment objectives, risks, charges and expenses of the investment alternatives before purchasing a policy or investing money. Variable universal life insurance policies have limitations and are sold by prospectus only. The prospectus contains details on the investment alternatives, policy features, the underlying portfolios, fees, charges, expenses and other pertinent information. To obtain a replacement prospectus or a copy of the underlying portfolio prospectuses, please contact your Allstate Personal Financial Representative, or call Allstate Life Insurance Company at 800-203-0068 for more information. Please read the product prospectuses carefully before purchasing a policy or sending money.
ALLSTATE LIFE INSURANCE COMPANY (ALIC), HOME OFFICE, NORTHBROOK, IL. ALIC IS NOT LICENSED IN AND DOES NOT DO ANY INSURANCE BUSINESS IN NEW YORK. IN NEW YORK, ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK, HAUPPAUGE, NY.