Allstate Life Insurance is a solid company. However, Allstate Life is one company of hundreds to choose from. The secret to finding the lowest whole or term life insurance rates is to have options. At TermLife2Go, we work with the best life insurance companies in the U.S. Our goal is to align each client with the company that best suits each client’s specific need. If you are looking for the right company and policy for you, give us a call today to experience the TermLife2Go difference.
Please note: we are not Allstate. If you need to reach Allstate Life Insurance, please visit them online at allstate.com or by phone @ 1-800-255-7828.
Allstate Life Insurance Review
Allstate is one of those big names that people have relied on for decades. They’ve provided life insurance policies to many satisfied customers for years.
You know Allstate is good—but are they the best for you? We at TermLife2Go have set out to help you find the answer to that question by offering you valuable information about Allstate Life Insurance.
About Allstate Life Insurance
Created by the also well-known, Sears, Roebuck & Co., Allstate Insurance has helped millions of people through auto, renters, homeowners, motorcycle, and life insurance. There is a good chance that you or someone you know has had some form of Allstate insurance.
Positives of Allstate Life Insurance
Their tagline “You’re in Good Hands” and the logo depicting the hands that will be there to catch you are both very reassuring—which is why it’s stuck with many of us.
The truth be told, their logo and their tagline aren’t lies—so many people who have had Allstate Life Insurance have been safe and secure. Allstate Life Insurance has provided many families with the life insurance coverage they need.
If you already have another kind of insurance through Allstate, then it may be convenient to get a life insurance policy through the same company (although, consider the potential pitfalls of bundling life insurance with your other coverage).
It should be noted, however, that you will probably still have different paperwork and monthly invoices for your auto insurance and your life insurance, so in the end it may not simplify things as much as you think it will. However, it will help you because you’ll only have to remember the name of one insurance company instead of two.
Allstate Life Insurance Products
Allstate Life Insurance offers two standard forms of coverage: term life versus permanent life insurance
Allstate Term Life Insurance: This is a life insurance policy that is valid for a predetermined amount of time. Usually, the policy lasts for 10, 20, or 30 years
Basic Term: no medical exam life insurance with coverage amounts of $50,000, $100,000 and $150,000.
TrueFit: Customizable term life product that can be structured in one year increments so that the premium and face amount can vary depending on how you design your policy.
Consider term life when covering a mortgage or protecting the household’s primary income earner.
Allstate Whole Life Insurance: Just as it sounds, this life insurance policy type is valid for your entire life. The policy builds cash value and premium and face amount stays the same.
Allstate Universal Life Insurance: This is also a life insurance policy valid your entire life that builds cash value. However, Universal Life is more flexible, allowing the premium and face amount to change.
Allstate Life Insurance Ratings
Insurance companies are rated by external rating agencies so that customers and potential customers can have expert opinion on the company. These ratings organizations assess things like financial health and viability for the future. Allstate has some pretty good ratings from the top three rating agencies in the United States:
- A.M. Best Company: A+
- Standard & Poor’s: AA-
- Moody’s: Aa3
While there is room for improvement, all three of these rating agencies have given Allstate solid ratings. According to these ratings, Allstate Life Insurance is a safe, financially responsible organization. This makes Allstate a good bet for life insurance seekers.
Cons of Allstate Life Insurance
For many, Allstate is a great choice for a life insurance company. There really isn’t anything “wrong” with Allstate Life Insurance. However, it’s important to understand that when you choose one life insurance company you miss out on what another company may have to offer.
Allstate is great—but are they the best choice for you? To be honest, there really isn’t such a thing as one “best” life insurance company. If there were, we’d be the first to shout it from the rooftops! However, there are certain companies that are better in certain situations.
Which life insurance company is best for me?
This is a very important question to ask when you are shopping for a life insurance policy because what is good for one life insurance seeker may not be good for another. Each life insurance company has a different way of determining rates and underwriting. Most use basic information like:
- Medical records
- Current medical state
- Hereditary illnesses and diseases
Yet, despite the similarities, each company draws different conclusions. That is why one life insurance company may be great for your colleague, but not so great for you.
How do I know if Allstate Life Insurance is best for me?
We suggest that you give Allstate Life Insurance a call! Ask them for more information and see what they are going to offer you. However, don’t stop there. Remember—this is one of the most important decisions you will make for your loved ones, and one of the only ones that will continue to keep giving much after your death.
The Key to Finding the Best Company
After you call Allstate Life Insurance, then call us at TermLife2Go. The key to finding the best company for you is to have options. We work with dozens of the top rated best life insurance companies in the United States.
Our agents will take the time to get to know you and then determine which of these insurance companies will offer you the best life insurance policies. In some instances, we may find you a life insurance company that is going to offer you better coverage than Allstate. In other instances, Allstate Life Insurance may have the better policy for you. You’ll only know which the best life insurance company for you is when you take the time to compare.
So what are you waiting for? If you would like to know how other life insurance companies compare to Allstate Life Insurance, then call TermLife2Go today.
Thank you for reading our Allstate Life Insurance Review. Please leave any questions or comments below.