Allstate Life Insurance in New York Review (2024)
Through Allstate, New York residents can purchase affordable term life insurance. Unfortunately, Allstate sold the Allstate Life Insurance Company, so you will need to shop elsewhere if you want other life insurance products.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
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
- New York residents can buy term life insurance policies through Allstate
- Blackstone Insurance Solutions bought the Allstate Life Insurance Company
- Term life insurance policies are usually more affordable
Like auto and different types of home insurance, life insurance is a vital tool to protect you and your loved ones. If you live in New York, you know that the only thing to expect is the unexpected. However, with Allstate, New York residents can care for their families even if they unexpectedly pass away.
Allstate’s affordable term life insurance policies empower you to leave behind financial support for your loved ones. Keep reading to learn more about Allstate’s life insurance products and how you can get free life insurance quotes online.
What is Allstate?
Retired Brig. Gen. Robert E. Wood founded Allstate in 1930. Allstate has become a titan of the insurance industry, providing a wide range of coverage options in the United States. This variety enables New Yorkers to get coverage for nearly every aspect of their life with Allstate insurance policies.
Allstate’s headquarters is in Northbrook, Ill., and today, CEO Thomas Wilson leads the company. If you need help or have questions about one of your policies, you can call Allstate’s main service line at 1-800-255-7828 for assistance. Allstate also offers an email form on its website if you have no time to talk, which non-English speakers can translate to Spanish.
If you like a personal touch, contact your local Allstate representative.
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Is Allstate a highly-rated company?
A.M. Best awarded Allstate with an A+ rating. This rating is a sign that Allstate has deep financial reserves and can pay out any claims your beneficiaries file. This insurance company has also earned an A- rating from the Better Business Bureau. A high BBB rating like this indicates that you can expect to receive exemplary customer service whenever you interact with an Allstate representative.
You can also read free customer reviews to learn more about how this company treats its clients.
Read More:
Does Allstate sell life insurance?
New York residents can purchase life insurance through Allstate, but the options are severely limited. As reported by Business Wire, Blackstone Insurance Solutions purchased the Allstate Life Insurance Company, and now, Allstate only offers term life insurance policies.
Read More: Does Allstate have life insurance?
If you purchased a life insurance policy through Allstate before this sale, Everlake Life Insurance now services your policy.
New York residents interested in purchasing a term life insurance policy through Allstate can apply via the company’s online quote tool. However, you must be between 18 and 60. In addition, when shopping for insurance online, you’ll need to share details about yourself like age, sex, medical history, and address.
Is life insurance expensive?
One of the questions many consumers want to know is, “How much does life insurance cost?” New York residents can purchase adequate coverage at a reasonable rate with Allstate. However, it’s important to note that rates can change depending on your age and the amount of coverage you purchase. You can compare Allstate’s rates to those offered by other major insurance companies here:
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 |
After witnessing how your coverage amount can change your rates, you may be wondering how to avoid purchasing too much coverage. Thankfully, the internet has a lot of excellent tools available for consumers, like free online life insurance calculators to learn how much coverage you should purchase to protect your loved ones and meet the constraints of your budget.
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Which companies sell a variety of life insurance products?
New York residents have a limited selection when shopping for life insurance through Allstate. However, other insurance companies offer more substantial coverage. Below, the data table illustrates other types of life insurance products that different companies offer:
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 |
As you can see, some of these insurance companies have another popular form of life insurance known as whole life insurance. These policies are great financial tools that can accumulate cash value.
You can also withdraw the cash value and use it in how you please, like paying for a car or buying college textbooks. Some companies offer whole life insurance policies that earn dividends.
Who needs to buy life insurance?
Any New York resident can buy life insurance, even if they’re single and don’t have children. If you were to die unexpectedly, a life insurance policy could help your surviving loved ones pay for a funeral or a memorial. (For more information, read our “How to Buy Life Insurance“).
Another valuable aspect of life insurance is naming anyone as a beneficiary. Since your policy’s design is flexible, you can leave behind a generous legacy to one of your favorite cousins or a well-loved friend. You can even use an insurance policy to give a financial gift to your alma mater or favorite non-profit.
Does Allstate sell other insurance products?
Allstate sells a variety of insurance products and offers bundling discounts. To obtain a bundling discount, you’ll need to purchase more than one insurance policy from Allstate. If you own a house, rent, or like to get on the water, you can get the protection you need through Allstate. Below, you can see what Allstate has to offer:
- 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
As you can see, Allstate has you covered no matter what you need to protect. Don’t forget — bundling your insurance is also a convenient way to save money.
Read more: Can you name a pet as a life insurance beneficiary?
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Allstate Life Insurance in New York: Claims Management
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Allstate offers a convenient and user-friendly claims process for its New York residents. Policyholders can file claims through multiple channels, including an online platform, over the phone, and even through mobile apps. This flexibility ensures that customers can choose the method that suits them best, making the claims process accessible and efficient.
Average Claim Processing Time
While specific claim processing times can vary depending on the complexity of the claim, Allstate is known for its prompt handling of claims. On average, customers can expect a relatively quick resolution to their claims, providing peace of mind during challenging times.
Customer Feedback on Claim Resolutions and Payouts
Allstate has earned a reputation for its fair and efficient claim resolutions and payouts. Customer feedback indicates a high level of satisfaction with the company’s commitment to honoring claims promptly and fairly. This positive feedback reflects Allstate’s dedication to providing quality service to its policyholders.
Allstate Life Insurance in New York: Digital and Technological Advancements
Mobile App Features and Functionality
Allstate offers a feature-rich mobile app that enhances the overall insurance experience. The app allows policyholders to manage their accounts, access policy information, and file claims directly from their mobile devices. It also provides useful tools like virtual ID cards, roadside assistance requests, and more, making it a valuable resource for customers on the go.
Online Account Management Capabilities
Allstate’s online account management capabilities provide policyholders with convenient access to their insurance information. Through the online portal, customers can view and update policy details, make payments, and track claims. This digital convenience simplifies the management of insurance policies, ensuring that customers have easy access to essential information.
Digital Tools and Resources
In addition to its mobile app and online account management, Allstate offers various digital tools and resources to assist policyholders. These resources include educational materials, coverage calculators, and interactive features that help customers make informed decisions about their insurance needs.
Allstate’s commitment to leveraging technology ensures that customers have access to valuable resources for their insurance journey.
Allstate Life Insurance: The Bottom Line
Founded over 90 years ago, Allstate is a powerhouse in the insurance industry. New York residents can buy an affordable term life policy through Allstate to provide a financial cushion for their loved ones if the worst happens.
Though Allstate reduced its life insurance offerings since selling the Allstate Life Insurance Company, you can still choose from a wide variety of other insurance products if you are looking for a one-stop insurance shop.
New York residents who want more than a term policy can shop online to find the best policy for their coverage needs.
Compare Quotes From Top Companies and Save
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
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.