Term Life Insurance with Allstate: Coverage Options and Benefits

Say something comes up at home, and now you are looking at various life insurance carriers. The problem? You’ve never gone through this process, and you’re still trying to figure out which provider to choose. 

Here’s why Allstate may be the answer to your needs:


Term Life Insurance with Allstate vs. Permanent Life Insurance

Permanent life insurance policies like whole life or universal life accumulate cash value over time through an investment component. This cash value grows tax-deferred and can be accessed by the policyholder during their lifetime. 

By comparison, term life insurance does not accumulate cash value. Instead, term life insurance focuses solely on providing affordable protection for a predetermined duration without the added complexity and costs associated with building cash value. 

Allstate’s term life insurance options prioritize the death benefit, ensuring reliable and straightforward coverage for the financial security of your loved ones.


Term Life Insurance Coverage Options 

Allstate offers a range of term life insurance coverage options to suit different needs and budgets. Here are some of the key features:

  • Basic Term Life Insurance: This policy provides coverage for a set term, typically lasting 15 years. This policy allows you to choose from coverage levels of $50,000, $100,000, or $150,000. You will complete a health questionnaire, but there’s no physical exam.
  • TrueFit Term Life Insurance: This comes with a customizable option that grants you greater flexibility. With this policy, you have the ability to tailor the coverage amount and term length according to your specific needs. This allows you to align your policy with the changing circumstances and evolving aspects of your life.
  • Term Life Insurance for Children: Allstate understands the importance of protecting your children’s future and offers term life insurance coverage specifically designed for them. This coverage remains in effect regardless of any potential health issues that may arise later in life, ensuring their financial security.


Benefits of Choosing Allstate for Term Life Insurance

Those are just some of the options. Here’s a snapshot of some of the key benefits you get with Allstate: 

  • Financial Strength and Reputation: With more than 90 years of experience, Allstate has established itself as a leader in the industry. 
  • Competitive Premiums: By leveraging their experience and expertise, Allstate provides affordable coverage options without compromising the quality of service. 
  • Additional Benefits and Riders: These may include accelerated death benefit riders, which allow you to access a portion of the death benefit if you are diagnosed with a qualifying terminal illness. Other options may include accidental death benefit riders or waiver of premium riders, providing added protection and flexibility.


Remember, life is unpredictable, and securing your family’s financial stability adds a layer of protection. The term life insurance offerings from Allstate allows you to create a safety net that’ll provide your loved ones with the support they need during challenging times, but they’re not your only option. For an unbiased look at Allstate and other term life policies, connect with an independent life insurance broker today.

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