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Types of Life Insurance Coverage & Policy Options

Find the policy for your life.

When deciding between term and permanent life insurance, which includes whole, universal and variable universal coverage, consider the option that best fits your needs and budget.

Rates & pricing

Coverage length

Cash value opportunity

Cash value growth potential

Cash value investment option

May pay excess credits5

Tax-free death benefit

Ideal for people who want:

Starting at $24.42/mo for $250,000 of 20-year coverage1

10-30 years

-

-

-

-

This feature is available.

Value

Starting at $124.08/mo for $100,000 of lifetime coverage2

For life

This feature is available.

Low but guaranteed

-

This feature is available.

This feature is available.

Stability

Starting at $91.56/mo for $100,000 of lifetime coverage3

For life

This feature is available.

Moderate with some risk

Limited

-

This feature is available.

Flexibility

Rates vary4

For life

This feature is available.

High with higher risk

Expanded

-

This feature is available.

Investment Options

Rates & pricing

Starting at $24.42/mo for $250,000 of 20-year coverage1

Coverage length

10-30 years

Cash value opportunity

No

Cash value growth potential

No

Cash value investment option

No

May pay excess credits5

No

Tax-free death benefit

Yes

Ideal for people who want:

Value

Rates & pricing

Starting at $124.08/mo for $100,000 of lifetime coverage2

Coverage length

For life

Cash value opportunity

Yes

Cash value growth potential

Low but guaranteed

Cash value investment option

No

May pay excess credits5

Yes

Tax-free death benefit

Yes

Ideal for people who want:

Stability

Rates & pricing

Starting at $91.56/mo for $100,000 of lifetime coverage3

Coverage length

For life

Cash value opportunity

Yes

Cash value growth potential

Moderate with some risk

Cash value investment option

Limited

May pay excess credits5

No

Tax-free death benefit

Yes

Ideal for people who want:

Flexibility

Rates & pricing

Rates vary4

Coverage length

For life

Cash value opportunity

Yes

Cash value growth potential

High with higher risk

Cash value investment option

Expanded

May pay excess credits5

No

Tax-free death benefit

Yes

Ideal for people who want:

Investment Options

Term life insurance

If you're looking for 10 to 30 years of affordable coverage, term life insurance may be right for you. With customizable policies, you'll find protection that fits where you are in life.

Term life insurance offers:

  • Great protection for newlyweds, young parents and homeowners
  • Coverage for a specific period of time, like until you reach retirement or your children are grown
  • Flexibility to switch to longer term, permanent protection in the future
  • A choice of policies that pay out either monthly or in a lump sum

Permanent life insurance

If you're looking for dependable protection that lasts a lifetime, you should consider the three types of permanent life insurance: whole, universal and variable universal.

Whole life insurance offers:

  • Great protection for pre-retirees, retirees and others who want to guarantee money to their loved ones
  • The potential to earn excess credits5, which can be received in cash, accumulated at interest, used to buy additional life insurance or to help reduce premium payments or pay outstanding loans
  • Cash value that increases regardless of market conditions
  • Fixed premium payments over time

Universal life insurance offers:

  • Great protection for those on the verge of entering their prime earning years and are looking for lifelong coverage
  • Protection beyond the face amount of the policy
  • Cash value that builds with the security of downside protection
  • Flexibility to adjust your plan over time

Variable universal life insurance offers:

  • Great protection for investment-savvy individuals
  • The freedom to choose where to invest your cash value
  • Potential to use your cash value for retirement or other life needs

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Life Made Simple Video: Comparing Insurance Types

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1The monthly rate shown is for Preferred Elite based on a Male, age 37, and a 20-year level term period. Terms and limitations will apply. Rates shown are monthly as of January 1, 2018. Allstate TrueFit® is a term life insurance to age 95 policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL 60062 and is available in most states with contract/series ICC14AC1/ AC14-1. In New York, issued by Allstate Life Insurance Company of New York, Hauppauge, NY with contract/series NYLU818. The premiums will be the same for the level term period selected. Beginning with the anniversary following the level term period, the company reserves the right to change premium rates each policy year, but rates cannot be more than the maximum guaranteed amounts stated in the policy.

2The monthly rate shown is for Preferred Elite based on a Male, age 37. Whole Life Advantage® is a whole life insurance policy issued by Allstate Life Insurance Company, 3075 Sanders Rd, Northbrook IL 60062. Whole Life Advantage is available in most states with series LU11040 or form ICC12A1. In New York, issued by Allstate Life Insurance Company of New York, Hauppauge, NY, and is available with contract NYLU796.

3The monthly rate shown is for Preferred Elite based on a Male, age 37. Allstate Lifetime UL® is a flexible premium universal life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL 60062 and is available in most states with contract series AC13-12. In New York, issued by Allstate Life Insurance Company of New York, Hauppauge, NY with contract series NYLU676.

4Variable universal life products are long-term investments designed to provide life insurance protection and flexibility in connection with premium payments and death benefits. You should carefully consider the investment objectives, risks, charges, and expenses of the investment alternatives before purchasing a policy. These policies have limitations and are sold by prospectus only. The prospectus contains details on the investment alternatives, policy features, the underlying portfolios, fees, charges, expenses, and other pertinent information. To obtain a prospectus or a copy of the underlying portfolio prospectuses, please contact Allstate Assurance Company. Please read the prospectuses carefully before purchasing a contract.

5Excess credits are available with Allstate Whole Life Advantage.

Rates quoted are subject to change and are set at the company's sole discretion. Rates for other underwriting classifications would be higher. Further underwriting restrictions may apply. Other face amounts and guaranteed premium terms are available but will have different rates than those shown here. Premium may be paid annually, semi-annually, quarterly or monthly; premium paid may differ based on payment mode selected. A medical exam may be required depending on age, health or amount of coverage requested.

This life insurance information is provided for general consumer educational purposes and is not intended to provide legal, tax or investment advice. Life Insurance offered through Allstate Life Insurance Company, Northbrook, IL; Allstate Assurance Company, Northbrook, IL; Lincoln Benefit Life Company, Lincoln, NE and American Heritage Life Insurance Company, Jacksonville, FL. In New York, life insurance offered through Allstate Life Insurance Company of New York, Hauppauge, NY. All guarantees are based on the claims-paying ability of the issuing insurance company.

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered BrokerDealer. Member FINRA, SIPC. Main Office: 2920 South 84th Street, Lincoln, NE 68506. 877-525-5727. Check the background of this firm on FINRA's BrokerCheck website.

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