Does Allstate have life insurance?
Allstate is a well-known car insurance company, but many people may not be aware of its other product options. Allstate offers term life insurance alongside three different permanent life insurance products. Allstate's "A+" A.M. Best Financial Strength Rating is encouraging for anyone who needs a reliable life insurance provider. The NAIC Complaint Index is favorable for Allstate life insurance despite having some flaws with some of Allstate's other insurance products.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
UPDATED: Dec 9, 2023
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 9, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Allstate offers term, whole, universal, and variable universal life insurance policies
- Life insurance is one of many insurance products that Allstate offers
- Allstate is highly rated for financial strength and doesn’t have many complaints about its life insurance products
Allstate is one of the most popular insurance companies in the United States and is well-known for its car insurance products. If you’re looking to bundle insurance policies, you might wonder if Allstate has life insurance.
Finding a reliable insurance company with multiple types of coverage can alleviate some of the stress relative to purchasing a policy. This article will indicate whether or not Allstate offers life insurance products and break down their options.
Are you searching for the best insurance rates? Enter your ZIP code above to acquire free insurance quotes, or continue scrolling to learn about Allstate life insurance.
Does Allstate have life insurance?
While Allstate might not be as popular for its life insurance products, the company does offer life insurance. Allstate offers an array of insurance options, incuding:
- Auto and motorcycle
- Home
- Renters
- Life
Overall, Allstate is a major contributor to the insurance industry. In fact, Allstate ranks within the top five providers of property, home, and private auto insurance, according to the Insurance Information Institute. While Allstate may not emphasize life insurance sales, policies are available.
Read more:
- Allstate Safe Driving Bonus Check
- Allstate Claim Rateguard Review
- Allstate Claim Satisfaction Guarantee Review
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What life insurance policies does Allstate offer?
Allstate offers a handful of life insurance policy options to suit the needs of various consumers. The company website clearly promotes its term life insurance options, but it also offers permanent life insurance policies.
If you’re simply looking for the lowest monthly payment with adequate coverage, term life insurance is your safest bet. Allstate’s term life insurance policies can be purchased with 10- to 40-year terms.
Most insurance companies will only offer term life insurance policies with terms of up to 30 years. A 40-year term life insurance policy may be a good investment for young adults seeking to secure affordable long-term life insurance.
Life insurance policies can become much more expensive as you grow older. If you outlive a 30-year term life insurance policy, you’ll most likely need to undergo the underwriting process again and could be paying much more for a new policy, even if it’s with the same company.
Read More:
- Allstate Life Insurance in Florida Review
- Allstate Life Insurance in Illinois Review
- Allstate Life Insurance in New York Review
Allstate’s Permanent Life Insurance Policies
While a term life insurance policy would be the most affordable, a permanent life insurance policy can offer other benefits. Most notably, permanent life insurance policies offer a cash value feature that term life insurance policies do not.
Allstate offers a trio of permanent life insurance policies, which include:
- Whole life
- Universal life
- Variable universal life
All of these policies are similar in that they offer cash value and a death benefit that lasts for the policyholder’s entire lifetime, assuming that you remain up-to-date with your payments.
The policies differ in the way that they accrue cash value and in payment flexibility. You can learn more about how permanent life insurance works to gain a clearer understanding of these policies.
How much does Allstate life insurance cost?
Life insurance rates can vary drastically from one company to the next. Rates are also subject to change due to other factors like age, gender, and health. In general, young adults pay less per month than older adults and healthy women pay less than healthy men. Otherwise, your policy plays a big role in how much you’ll pay each month.
With so many variables, it’s hard to determine exactly how much you’ll pay for Allstate life insurance. Permanent life insurance can be even more challenging to predict due to payment options and the associated cash value. Allstate advertises its term life insurance starting at $15.09 for a 20-year, $250,000 policy.
To help give you a better idea of how much you might pay for life insurance, we’ve compiled some sample Allstate term life insurance quotes below.
Allstate 20-year Term Life Insurance Rates for Non-smokers
| Age | Male, $250,000 | Female, $250,000 | Male, $500,000 | Female, $500,000 |
|---|---|---|---|---|
| 25 | $20.00 | $17.00 | $32.00 | $23.00 |
| 30 | $20.00 | $18.00 | $33.00 | $26.00 |
| 35 | $22.00 | $19.00 | $35.00 | $29.00 |
| 40 | $30.00 | $24.00 | $51.00 | $39.00 |
| 45 | $37.00 | $31.00 | $66.00 | $48.00 |
| 50 | $53.00 | $39.00 | $97.00 | $67.00 |
| 55 | $78.00 | $56.00 | $149.00 | $102.00 |
| 60 | $130.00 | $92.00 | $240.00 | $163.00 |
Overall, Allstate has affordable rates that follow standard life insurance pricing guidelines. As predicted, men and older adults can expect to pay notably more than women and young adults.
Comparison of 20-year, $500,000 Allstate Term Life Insurance Rates
| Age | Allstate, Male | Allstate, Female | AIG, Male | AIG, Female | MassMutual, Male | MassMutual, Female | Transamerica, Male | Transamerica, Female |
|---|---|---|---|---|---|---|---|---|
| 25 | $32.00 | $23.00 | $19.57 | $16.67 | $23.08 | $19.58 | $23.22 | $16.77 |
| 30 | $33.00 | $26.00 | $19.92 | $17.27 | $23.48 | $20.03 | $23.65 | $18.92 |
| 35 | $35.00 | $29.00 | $21.28 | $18.37 | $24.38 | $21.33 | $30.10 | $26.23 |
| 40 | $51.00 | $39.00 | $29.92 | $25.84 | $33.08 | $29.13 | $44.72 | $36.98 |
| 45 | $66.00 | $48.00 | $48.60 | $38.47 | $57.43 | $44.83 | $62.35 | $49.45 |
| 50 | $97.00 | $67.00 | $75.66 | $58.01 | $486.58 | $64.38 | $94.60 | $75.68 |
| 55 | $149.00 | $102.00 | $124.83 | $90.58 | $139.23 | $103.98 | $147.49 | $116.96 |
| 60 | $240.00 | $163.00 | $219.30 | $159.45 | $239.68 | $162.28 | $210.27 | $204.68 |
As indicated above, Allstate has competitive rates. While they may not always be the least expensive option, the price isn’t excessive. These rates could change based on many factors. For the most accurate rates, it’s important to obtain personalized life insurance quotes.
Is Allstate life insurance worth it?
Investing in life insurance is an important step toward building financial stability for your loved ones. You don’t want to make a mistake by selecting an unreliable life insurance company.
Can you trust Allstate? From a financial standpoint, Allstate is safe to invest in, as it boasts an A+ (Superior) A.M. Best Financial Strength Rating. This simply indicates that the company is in a strong financial position and ultimately should have no difficulty supplying your beneficiaries with your death benefit when the time arrives.
Allstate does not have many, if any, complaints on its life insurance policies per the National Association of Insurance Commissioners (NAIC). The company’s complaint index suggests that it fields many grievances, but most of those complaints derive from liability or property insurance issues.
The Better Business Bureau (BBB) also highly rates Allstate with an A- rating, indicating that the company is willing to work to resolve any company complaints. Overall, there are no major drawbacks to buying an Allstate life insurance policy, as long as you are offered a competitive rate.
Allstate does offer some other convenient features, such as a mobile app, that could make life easier for the policyholder. The Allstate life insurance claims process is clearly displayed on the company website for your beneficiaries. These are small features that might be worth consideration as you choose your life insurance provider.
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Conclusion: Allstate Does Have Life Insurance
Despite being more popularly known for other insurance products, Allstate offers an assortment of life insurance options that appear reliable and affordable. You should feel safe investing in an Allstate life insurance policy if you receive competitive personalized quotes.
We hope that you enjoyed learning more about Allstate’s life insurance products. Discover more about the top 10 life insurance companies in the United States if you want to continue determining your life insurance options.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.