get an affordable life insurance quote

It's easy to get a quick quote that fits your budget.
Sample Rate: $14.97/mo for $250,000 of term life insurance for 20 years.¹
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What is life insurance?

Everyone deserves a secure financial future — and that's why life insurance is so important. Whether you're just starting out or you're getting ready to retire, a life insurance policy can help you give your family financial peace of mind if you are no longer there to provide for them.

What are the different types of life insurance?

Whether you'd like to help your family maintain its current lifestyle, pay college costs or leave a legacy for future generations, Allstate has options to fit your needs and budget.

Term
life insurance

Term life
insurance quote

Low cost

Sample rate

$14.97

per month
$250,000 of Protective® Classic Choice Term for 20 years. Rate shown is not available in New York.¹

Coverage length

10-40 years

Builds cash value⁴*

No

Permanent
life insurance

Universal life
insurance quote

Flexible protection

Sample rate

$61.90

per month
$100,000 of Protective Lifetime Assurance UL for life. Rate shown is not available in New York.²

Coverage length

For life

Builds cash value

Yes

Permanent
life insurance

Whole life
insurance quote

Fixed premiums

Sample rate

Rates vary

 

Coverage length

For life

Builds cash value

Yes

Permanent
life insurance

Variable universal
life insurance quote

Investment options

Sample rate

$79.00

per month
$100,000 of Lincoln VULONE for life. Rate shown is not available in New York.³

Coverage length

For life

Builds cash value

Yes

* Cash value is a savings-like feature that you can withdraw or borrow against while you're alive.

What is term life insurance?

A term life insurance policy offers affordable, straightforward protection that lasts a defined period of time. Term life insurance is often the lowest priced coverage option, but it is temporary. It designed to help replace your income if you pass away during earning years. Your family can use the death benefit to help pay for expenses like housing, childcare and groceries. With term life insurance, you'll have:

  • A tax-free death benefit
    Provides your family stability at the very time they will need it most.
  • Flexible policy lengths
    You can choose a term length between 10 and 40 years.
  • Affordable rates & payments
    Plans start as little as $14.97 per month for 20 years at $250,000.¹
    Rate shown is not available in New York
  • Flexibility to convert to permanent insurance
    Switch to longer term protection in the future as provided by policy provisions.

What is universal life insurance?

A universal life insurance policy offers flexible protection that can last up to your lifetime and includes various cash accumulation options. If you want lifelong coverage, but with flexibility down the road, universal life insurance may be a good option. This type of permanent life insurance offers:

  • Death benefit protection
    As long as you pay the sufficient premiums, your protection never ends.
  • Built-in flexibility
    You can increase or decrease your death benefit to meet your changing financial needs so long as sufficient premium is paid to keep the policy in force.
  • Expanded cash value options for certain policies
    Some universal life policies provide that the cash value can be linked to the broad performance of stock market index funds, but with limits on how much you can gain or lose. Or, you can choose a guaranteed annual return option. It even offers flexibility to have a combination of both.

What is whole life insurance?

A whole life insurance policy offers predictable lifelong protection with the most guarantees, including a fixed premium and death benefit. Whole life policies provide that the amount of life insurance coverage you buy at the start of the policy remains the same throughout your lifetime. The cost is fixed, based on your age when you buy it. And the money paid to your family when you die is generally income tax free. This type of permanent life insurance offers:

  • Death benefit protection
    As long as you make the required payments, you can rest assured that your beneficiaries will receive the death benefit if pass away.
  • Guaranteed cash value
    This policy's savings component allows the cash value to increase regardless of market conditions.
  • The potential to earn dividends
    For participating policies, these earnings can be received in cash, accumulated at interest, used to buy additional life insurance or to help reduce premium payments or pay outstanding loans.

What is variable universal life insurance?

A variable universal life insurance policy typically includes different investment options for your cash value, as well as flexibility in your death benefit. This type of permanent life insurance offers:

  • A wider range of investment options
    Have the freedom to decide where to invest your cash value. Choose subaccounts similar to mutual funds or fixed accounts. This comes with higher growth potential, and increased risk.
  • Full market participation
    No limits on how much cash value you can gain or lose like other universal life products. The value of your policy depends on the market performance of your subaccounts. Your cash value growth is not limited, but like other investments, there is also potential to lose value.

Life insurance FAQs

Which life insurance policy is right for me?

To find the policy that is right for you, answer a few quick questions in the LifeTrek tool.

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How do I apply for life insurance?

Once you've chosen the type and amount of life insurance that works for you, you'll need to take a few more steps to obtain your life insurance policy. Here's what to expect:
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  1. Complete an application

    Your health and lifestyle will be used to confirm your cost. The better your results, the better your price.

  2. Take a free medical exam

    Depending on the type of policy you applied for, you may need to take an easy, confidential medical exam.

  3. Sign and review your policy

    We'll finalize your plan based on your application and health exam (if applicable).

Why do I need life insurance?

A lot can happen throughout your life — and as your world changes, so do your life insurance needs.