Allstate Life Insurance in Illinois Review (2024)
With Allstate, Illinois residents can purchase affordable term life insurance to protect their loved ones. Other life insurance products aren't available as Blackstone Insurance Solutions bought the Allstate Life Insurance Company.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Insurance Agent
UPDATED: Dec 8, 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.
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 8, 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
- You can buy term life insurance policies through Allstate
- Blackstone Insurance Solutions bought the Allstate Life Insurance Company
- You can’t build cash value with a term life insurance policy
Just as you would buy car or renter’s insurance to protect yourself, you should consider buying life insurance to protect your loved ones. With an Allstate term life insurance policy, your loved ones have a financial cushion at a reasonable rate.
If you are looking for an affordable life insurance policy, keep reading to discover how much a policy from Allstate costs and how to purchase Allstate in Illinois.
What is Allstate Insurance?
Allstate is one of the biggest names in the insurance industry. Robert E. Wood, a retired Brigadier General, and former Sears executive, founded this illustrious insurance company in 1930. Today, Allstate provides term life insurance and a wide range of other insurance products throughout the United States.
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You can call Allstate’s main service line, 1-800-255-7828, any day of the week if you want to learn more about this company or have concerns about your policy. You can also send a note using the email form on Allstate’s website, which can be translated into Spanish if English isn’t your first language. You can also reach out directly to your local Allstate agent if you need any assistance.
Allstate’s head office is located at 2775 Sanders Road, Northbrook, Ill., 60062.
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Is Allstate highly rated?
If you prefer to do business with a financially strong company, you’ll be pleased to learn that Allstate has an A+ rating from A.M. Best. This rating is an excellent sign that Allstate can pay out your policy’s death benefit if your beneficiaries need to file a claim.
Plus, you can trust that your beneficiaries will be treated well by Allstate during the claims filing process because this company has an A- rating from the Better Business Bureau.
Can I buy life insurance from Allstate?
While you can buy life insurance from Allstate, your options will be severely limited. As reported by Business Wire, the reason there is a lack of variety is that Allstate sold Allstate Life Insurance Company, its subsidiary, to Blackstone Insurance Solutions. Individuals who purchased a policy through the Allstate Life Insurance Company will now have their policies serviced through Everlake Life Insurance. (For more information, read our “How to Buy Life Insurance“).
With this sale comes the erasure of many former Allstate life insurance products. Residents of Illinois can only purchase term life insurance products from Allstate.
Read More: Does Allstate have life insurance?
You must be between 18 and 60 to apply for a quote from Allstate. The process of getting a quote is simple. You can use Allstate’s free online quote tool, but you must share your sex, age, name, and address.
How much does term life insurance cost?
Through Allstate, Illinois residents can purchase term insurance for a low cost, but rates will change depending on your age and how much insurance you need. Below, you can see how Allstate’s rates compare to other insurance companies that offer similar products:
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 |
Now that you know how your coverage amount can influence your rates, you may be wondering, “How much life insurance do I need?”
Thankfully, with today’s technology, you can use free resources like life insurance calculators to estimate how much coverage you’ll need to protect your loved ones.
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Where else can I shop for life insurance?
With Allstate, Illinois residents have a limited selection of life insurance products. However, there are other insurance companies that can provide you with more options. You can review the data table below to get an idea of what other life insurance products different companies can offer you:
Best No Medical Exam Life Insurance Companies
| Companies | A.M. Best Ratings | Coverage Capacity | Issue Ages | Premiums | Life Insurance Policies Offered |
|---|---|---|---|---|---|
| AIG | A | $10 million | Up to 80 | Contact agent | Term, whole, universal, and accidental death |
| Colonial Penn | A- | Contact agent | Up to 85 | $9.95+/month | Guaranteed acceptance, whole, and term |
| Globe Life | A | $100,000 | Contact agent | $3.98+/month | Term, whole, and mortgage protection |
| Prudential Veterans’ Group Life Insurance | A+ | Over $750,000 | Contact agent | $12.08+/month | Term and universal |
| State Farm | A++ | Contact agent | Up to 45 with no medical exam | Contact agent | Term, whole, and universal |
Four of the companies shown above provide another popular form of life insurance known as whole life insurance. Such policies can typically be bought for children or purchased by individuals who want their policy to grow in value over time.
Unlike term life insurance, policies accumulate cash value that can be used however you like. For example, you can leave those funds untouched and let the total value of your policy grow. On the other hand, you could use the cash value to fund a business. Some whole life insurance policies can even earn you money in the form of dividends.
Who should buy a life insurance policy?
Anyone can buy life insurance, even individuals who do not have young children or a spouse relying on them. A life insurance policy can help your loved ones cover memorial or funeral expenses. Life insurance is also useful because you can name anyone as your beneficiary.
This flexibility means that you can leave behind a generous legacy to a favorite cousin or well-loved friend. You can even use an insurance policy to give a financial gift to your favorite charity.
Does Allstate sell other insurance products?
If you want to bundle your policies with one insurance company, you can turn to Allstate for all your insurance needs. In addition to term life insurance, you can purchase:
- Car insurance
- Motorcycle insurance
- Home insurance
- Renters insurance
- Condo insurance
- Pet health insurance
- Boat insurance
- RV or Motorhome insurance
- Identity insurance
- Phone protection insurance
- Event insurance
No matter what you need to protect, Allstate has you covered. Bundling your insurance is also a convenient way to save money. For example, if you own a car and a house, you can reduce your rates with an auto and home insurance bundle.
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Allstate Life Insurance in Illinois: How to File a Claim
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Allstate offers multiple convenient options for filing insurance claims in Illinois. Policyholders can initiate the claims process online through the company’s website, making it a hassle-free and time-saving method. Additionally, customers can file claims over the phone, providing a more personal touch for those who prefer speaking with a representative.
Allstate also offers a mobile app that allows policyholders to file claims and manage their insurance-related tasks conveniently on their smartphones.
Average Claim Processing Time
The average claim processing time with Allstate in Illinois is known for being relatively efficient. While specific processing times may vary depending on the complexity of the claim and individual circumstances, Allstate strives to process claims promptly to provide policyholders with the support they need during challenging times.
Customer Feedback on Claim Resolutions and Payouts
Allstate has received positive feedback from customers in Illinois regarding its claim resolutions and payouts. The company is known for its commitment to customer satisfaction and fair claim settlements. Policyholders appreciate the transparency and reliability in the claims process, which contributes to a positive overall experience when dealing with insurance claims.
Allstate Life Insurance in Illinois: Advancements in Digital Services
Mobile App Features and Functionality
Allstate’s mobile app offers a range of features and functionality designed to enhance the customer experience. Users can access their policies, view digital ID cards, make premium payments, and even file claims directly through the app. It also provides features like roadside assistance, allowing policyholders to request help when needed.
The user-friendly interface and intuitive design make it easy for customers to manage their insurance needs on the go.
Online Account Management Capabilities
Allstate’s online account management capabilities provide policyholders with a convenient platform to access and manage their insurance policies. Through the website, customers can review policy details, update personal information, request policy changes, and view billing and payment history.
This online portal ensures that policyholders have full control and visibility over their insurance accounts, simplifying the management of their coverage.
Digital Tools and Resources
In addition to the mobile app and online account management, Allstate offers a variety of digital tools and resources to assist policyholders in making informed decisions about their insurance coverage. These resources may include insurance calculators, educational articles, and guides that help customers understand their insurance needs better.
Allstate’s commitment to leveraging technology ensures that policyholders have access to valuable information and tools to navigate their insurance journey effectively.
Allstate Life Insurance: The Bottom Line
Through Allstate, Illinois residents can buy a term life policy that won’t break the bank and provides the coverage they need to protect their loved ones. While Allstate’s life insurance products reduced since the sale of the Allstate Life Insurance Company, this illustrious insurance company still has an impressive array of products that can keep you protected.
Now, if you are interested in more than a term life insurance policy, you can shop online to find the best life insurance company for your needs.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
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.