WHOLE LIFE BENEFITS
About Life Insurance
Allstate Benefits offers a full range of life insurance products that can provide security through every stage of life. Employers can also choose to make optional riders available to customize coverage. In the event of a covered person’s passing, their beneficiary will receive the applicable death benefit. Payments may be used for final expenses, daily living costs and any other needs – there are no restrictions.
How Life Insurance Works
Life insurance pays a lump-sum cash benefit when the insured person dies or may pay a benefit if the covered person lives to the designated maturity age. Add-on coverage through employer-chosen riders can help give families more benefits, such as monthly advances for long term care and chronic or terminal illnesses. Coverage amounts can vary to fit a family’s needs and budget. Some life insurance options may offer Guaranteed Issue1 up to a certain benefit amount, meaning there are no medical questions to answer to enroll in coverage.
Whole Life
Builds cash value over time that can be borrowed against if the need arises, with one set premium payment amount over the life of the coverage.
Features & Benefits
Pays a lump sum cash benefit upon death or when policy matures
Minimum guaranteed interest rate
Guaranteed level death benefit and premiums
- Opportunity to build tax-advantaged funds that may be used for retirement, children’s education or emergencies