get lasting coverage with permanent life insurance

find an agent
Mother and daughter laughing and having fun on playground

permanent life insurance

What is permanent life insurance?

Permanent life insurance provides coverage for your entire lifetime, as long as premiums are met. This type of insurance typically includes a cash value component that grows over time, making it a great investment and savings opportunity.

Benefits of permanent life insurance

This type of coverage offers a range of benefits that go beyond traditional life insurance. It’s a versatile option for anyone looking to secure their financial future and keep their loved ones protected, no matter what.

  • Lifelong coverage

    Make sure your loved ones are covered financially when you pass away.

  • Cash value accumulation

    Borrow against or withdraw money from the cash value to cover unexpected financial needs. Cash value can grow over time based on the coverage you chose.

  • Tax advantages

    Grow your money faster with tax-deferred cash value and leave beneficiaries with a tax-free death benefit.

  • Protect your legacy

    Keep your family’s financial future protected by helping them cover estate taxes, debts, or other final expenses.

Types of permanent life insurance

Allstate offers whole, universal and variable universal policies, each offering different benefits:

Universal life insurance

  • Cash value with options
    Lower your risk by building cash value with options that offer interest and secure the product differently.
  • A flexible policy
    Ability to adjust premiums and protection over time.

Variable life insurance

  • Full market participation
    There are no limits on upside investment gains or downside losses.
  • A wider range of investment options
    Have the freedom to decide where to invest your cash value.

Invest in permanent life insurance today

Protect your loved ones and their future with lifelong coverage
find an agent

Who is permanent life insurance for?

If you’re looking for long-term financial security, tax advantages and protection for your family, permanent life insurance may be the option for you. Its cash value builds over time, giving you access to money for milestones like buying a home or even retirement.

How much does permanent life insurance cost?

Factors such as age, gender, health, and the amount of coverage you choose all play a part in your premium. Permanent life insurance premiums are typically higher than term life insurance because of its lifelong coverage and cash value benefits.

How to choose the best policy for you?

Your insurance needs, financial goals and budget should be considered when shopping around for life insurance policies. Make sure you take a closer look at premiums, size of the death benefit, and the potential for cash value growth to ensure the policy aligns with your long-term plans.

You can always talk to an Allstate agent to compare policies and find the right option that fits your needs.

find an agent