Quick Facts
- Allstate does offer term, whole, universal, and variable universal life insurance policies
- Life insurance rates with Allstate tend to be higher than average
- Allstate offers life insurance quotes on its website, but you will have to speak with an Allstate agent to complete your application
If you’re searching for life insurance, you are probably considering policies with some of the most popular insurance companies in the industry. This may have you asking, “does Allstate have life insurance?”
Allstate does offer life insurance in the U.S. Allstate life insurance policies have a few different options that will allow you to purchase either a term or permanent life insurance policy.
Remember to get life insurance quotes from multiple companies before you decide where to purchase a life insurance policy. This will help you make sure you’re not spending too much on coverage.
You can use our free quote tool above as you search for life insurance that fits your budget today.
Read More: How Life Insurance Works
Table of Contents
What does Allstate offer for life insurance coverage?
Allstate offers term and whole life insurance policies, along with other options like universal and variable universal life insurance.
The fact that Allstate offers so many options means that you are highly likely to find a policy that works for you. But it could be overwhelming when you try to consider all your potential options and choose what might work best.
When considering Allstate life insurance, you can use the company’s online resources to learn more and make an informed decision on coverage. Allstate’s website will let you learn more about the different life insurance options available.
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How do Allstate life insurance rates compare to other companies?
When compared with other life insurance companies, Allstate policies may be a bit more expensive.
The table below shows the average monthly rates for a 20-year term life insurance policy based on a person’s age, gender, and the amount of coverage.
Average Monthly 20-Year Term Life Insurance Rates by Age and Gender
| Policyholder Age | $100,000: Male Average Term Life Monthly Rates | $100,000: Female Average Term Life Monthly Rates | $250,000: Male Average Term Life Monthly Rates | $250,000: Female Average Term Life Monthly Rates | $500,000: Male Average Term Life Monthly Rates | $500,000: Female Average Term Life Monthly Rates |
|---|---|---|---|---|---|---|
| 25 | $14.53 | $12.70 | $23.27 | $18.72 | $34.79 | $27.39 |
| 30 | $14.96 | $13.22 | $24.59 | $20.44 | $37.39 | $29.59 |
| 35 | $17.57 | $15.40 | $26.09 | $22.19 | $40.04 | $32.19 |
| 40 | $21.40 | $18.62 | $33.72 | $28.49 | $54.79 | $45.69 |
| 45 | $26.54 | $22.97 | $45.47 | $37.42 | $79.19 | $66.14 |
| 50 | $36.02 | $29.32 | $69.59 | $54.59 | $126.14 | $96.99 |
| 55 | $50.98 | $38.11 | $105.72 | $78.97 | $203.14 | $143.99 |
| 60 | $84.91 | $60.20 | $183.79 | $131.17 | $355.39 | $248.84 |
| 65 | $144.51 | $97.44 | $323.42 | $220.99 | $625.09 | $432.84 |
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As you can see, the rates for life insurance policies are likely to be more expensive as you age and also if you choose a more comprehensive policy.
Since Allstate rates tend to be higher than average, you may find that monthly term life insurance rates tend to be higher than those listed in the table above.
What does Allstate offer for term life insurance?
With Allstate, you can purchase a term life insurance policy under the TrueFit label.
TrueFit life insurance policy terms are available for anywhere from 10 to 30-year terms. Allstate offers life insurance quotes for TrueFit life insurance on its website, but you will have to speak with an Allstate agent to complete your application.
TrueFit life insurance policies provide tax-free death benefits to a policyholder’s beneficiaries, and premiums are fully guaranteed to remain level during a term period.
Policyholders can convert their TrueFit term life policies into permanent insurance. TrueFit policies do not accrue cash value, as is the case with most term life insurance.
Allstate offers several riders along with its TrueFit term life insurance policies, including:
- Terminal illness accelerated benefit
- Disability waiver of premium
- Children’s term rider
- Primary insured term rider
- Additional insured term rider
- Accidental death benefit
Term life insurance policies with Allstate cover just about anything you’re looking for if you decide that term life insurance is the type of policy you need.
What does Allstate offer for whole life insurance?
Allstate’s whole life insurance policies are customizable, so you can make your life insurance plan work best for your unique needs and the needs of your loved ones.
Whole life policies with Allstate are available for people anywhere from one to 80 years old. The whole life insurance policies with Allstate start at $10,000, and the company offers several options for premium payment.
Allstate’s whole life insurance policies include a tax-free death benefit paid to the beneficiary of the policy, and the policy will also provide a guaranteed cash value accumulation.
Possible riders for a whole life insurance policy with Allstate include:
- Terminal illness accelerated benefit
- Chronic illness accelerated benefit
- Disability waiver of premium
- Children’s term rider
- Primary insured term rider
- Guaranteed insurability rider
- Paid-up insurance rider
Because Allstate’s whole life policies accrue cash value, you will have the option of receiving excess credit earnings in cash, accumulated at interest, or used to help reduce the premium payments of your policy.
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Should I buy life insurance with Allstate?
Allstate’s policies have just about anything you might need in a life insurance plan. But you may find that life insurance rates with Allstate are higher than what you want to pay.
It’s important to shop around for life insurance before you decide to go with Allstate or any other insurance company for life insurance coverage. Compare rates from the best companies in your area to see how much you can expect to pay for life insurance.
In fact, you can use our free tool below to find and compare life insurance rates from multiple companies today.
Case Studies: Exploring Life Insurance Options With Allstate
Case Study 1: John’s Term Life Insurance Policy With Allstate
John, a 35-year-old married man with two children, was looking for affordable life insurance coverage to protect his family in case of an unfortunate event. He compared quotes from multiple insurance companies, including Allstate.
After considering his options, John chose to purchase a 20-year term life insurance policy with Allstate. The policy provided him with the necessary coverage at a reasonable monthly premium.
Case Study 2: Sarah’s Whole Life Insurance Policy With Allstate
Sarah, a 50-year-old single woman, wanted to secure lifelong coverage to leave a financial legacy for her loved ones. She explored various insurance companies and their offerings.
After careful consideration, Sarah decided to purchase a whole life insurance policy with Allstate. The customizable features and guaranteed cash value accumulation provided her with the flexibility and long-term benefits she was seeking.
Case Study 3: David’s Comparison Shopping Experience
David, a 40-year-old business owner, understood the importance of comparing life insurance rates before making a decision. He used an online quote tool to obtain quotes from multiple insurance companies, including Allstate.
David discovered that while Allstate had comprehensive coverage options, the rates were slightly higher compared to other companies for the same coverage amount and policy term. He ultimately chose a different insurer that offered a more competitive rate.
Frequently Asked Questions
Does Allstate offer life insurance?
Yes, Allstate offers term, whole, and universal life insurance policies.
How do Allstate life insurance rates compare to other companies?
Allstate’s life insurance rates are often higher than other insurance companies selling similar policies.
What does Allstate offer for term life insurance?
Allstate offers TrueFit term life insurance policies with terms ranging from 10 to 30 years. These policies provide tax-free death benefits and guaranteed level premiums.
What does Allstate offer for whole life insurance?
Allstate’s whole life insurance policies are customizable and provide a tax-free death benefit, guaranteed cash value accumulation, and various premium payment options.
Should I buy life insurance with Allstate?
It’s important to shop around and compare life insurance rates from different companies before making a decision.
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Written by:
Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management degree with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Au...
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Written by Michael Leotta
Insurance Operations Specialist
Reviewed by:
Chris Abrams
Licensed Life Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies.Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...
Full Bio →
Reviewed by Chris Abrams
Licensed Life Insurance Agent
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