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Term Life Insurance

Term Life Insurance Gives You Affordable Protection For Your Family.

Your loved ones depend on you, and if you were gone, term life insurance can help you to continue providing financial protection and security for your family. While it may be difficult to think about, term life insurance can help provide you with peace of mind because it can help provide an income that can cover expenses like housing, childcare and groceries.

Get a term life quote online or talk to an Allstate personal financial representative to learn more about the two types of term life insurance they offer:

Allstate's Basic Term Life Insurance Policy

  • Can cover you for 15 years
  • While it doesn't require a medical exam, coverage and the cost of your monthly payments will depend on your answers to a health questionnaire
  • Choose from coverage benefit amounts of $50,000, $100,000 or $150,000

Allstate's TrueFit® Term Life Insurance

  • Choose a coverage time period between 10 and 30 years
  • Offers customized coverage that can be layered to address the unique needs of your family
  • Learn More about TrueFit

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Term Life Insurance Made Simple

Make sure your family is protected for what they need, when they need it, nothing more and nothing less.

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What's The Difference Between Term Life and Permanent Life?

There are many options to consider when purchasing a life insurance policy. Understanding the following differences between term life insurance and permanent life insurance can help you make an informed decision:

  • Term life insurance offers protection for a finite period of time (10 to 30 years), and permanent life insurance policies offer lifetime protection. See Life Insurance Made Simple.
  • Permanent life insurance builds cash value and term life insurance does not. An Allstate personal financial representative can help you understand the difference between different types of life insurance and answer questions to help you decide what's right for your family.

Get To Know Term Life Insurance.

Understanding the fundamentals of term life insurance can help you make more informed decisions about what your family will need. Taking a little time to learn now can help you protect your family in the future. The terms below can help you get to know more about term life insurance:

  • What does it cost? Term life insurance is often the most affordable type of life insurance. Your monthly payment is mostly based upon personal health history, age, term and amount of coverage.
  • How long is the term? Your policy's "term" is the set amount of time you have life insurance coverage at the same premium level. Typically, a term life insurance policy's term ranges from 10 to 30 years.
  • What is term coverage? This is the payment amount your beneficiary will receive if you pass away while the policy is active. Your beneficiary can use this payment to help with housing and childcare costs or other expenses. Typically, this payment is tax exempt.1 See Term Life Insurance 101.

A term life insurance policy can often be renewed, or you can purchase a new policy, at the end of its term. You can convert your term life insurance to a permanent life insurance policy without needing a medical exam prior to the end of the conversion period. See Converting a Term Policy to a Permanent Policy.

Keep in mind that the longer you wait to convert your policy from term to permanent, the more expensive it may be. Because you become more expensive to insure as you age, if you purchase a policy in your twenties, your monthly premium will most likely be lower than those who purchase a policy in their fifties.

There are a variety of options available to help you customize your term life policy to fit your specific needs. Talk to an Allstate personal financial representative to learn more.

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1 The death benefit of life insurance policies that were transferred for value may be subject to ordinary income taxes. Estate taxes may apply. Consult your tax advisor for additional information.

This 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.

Allstate TrueFitSM 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 and may be accompanied by the following rider forms/series ICC14AC2/AC14-2; ICC14AC3/AC14-3; ICC14AC12/AC14-26; ICC14AC11/AC14-24; ICC14AC10/AC14-11; ICC14AC13/AC14-25. In New York, issued by Allstate Life Insurance Company of New York, Home Office: Hauppauge, NY. Allstate TrueFit is available with contract NYLU818 and may be accompanied by the following riders: NYLU819, NYLU820, NYLU825, NYLU826, NYLU824, and NYLU745. Policy issuance is subject to availability and qualifications. This policy has exclusions, limitations and terms that may affect coverage, renewal, cancellation, termination, or other contractual rights and benefits.

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