Allstate term policy review types of life insurance policies. Term life insurance provides coverage for a specific period of time, from 10 to 40 years, and it can help provide financial security for families after the policyholder’s death. Whole life insurance is a type of permanent life insurance that includes a fixed premium and death benefit and can build cash value over the course of a person’s lifetime.
Variable universal life insurance is another type of permanent life insurance that offers a range of investment options, including mutual funds and asset allocation programs. Allstate also sells indexed universal life insurance, which allows customers to select investment verticals that may offer more aggressive growth potential. Allstate does not offer final expense life insurance, a type of policy that covers funeral costs and other end-of-life expenses.
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Allstate is one of the largest providers of life, auto and home insurance in the United States. Their customer service is renowned, and their website makes it easy to manage your policy. Their LifeTrek tool asks a few questions and helps you find the right amount of coverage for your family’s needs.
Allstate also offers an accelerated death benefit rider that gives you access to part of your life insurance policy’s death benefits early. It can be used to cover medical expenses or other unexpected costs. This is an option to consider if you need the additional protection offered by a life insurance policy but have trouble qualifying for a traditional policy due to health issues or other reasons.
