Allstate New York Life Insurance Coverage Review [2022]

If you are looking for life insurance in New York, you may want to consider Allstate NY life insurance. The company offers term and permanent life insurance policies to its clients. Rates with Allstate NY life insurance vary based on your age, gender, and other factors.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Written by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Jun 29, 2022

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Quick Facts

  • Allstate offers term and permanent life insurance coverage options to New York clients
  • Allstate life insurance rates vary based on several factors like your age, gender, and overall health history
  • Allstate has great ratings with many different financial evaluation companies such as A.M. Best and the Better Business Bureau

If you reside in New York and would like to purchase a life insurance policy, you may want to consider Allstate New York coverage. Allstate offers life insurance policies in the state of New York, and depending on what you’re looking for, the company could be a great fit for you.

Allstate offers term and permanent life insurance in the state of New York. The company also offers several add-ons and riders to boost your coverage.

But before making any decisions about where to purchase your life insurance policy, you should compare quotes from multiple companies that offer coverage in your area. This will help to ensure that you don’t end up paying too much for your policy.

You can use our free quote tool above to begin your search today for New York life insurance options that work with your budget.

What types of life insurance does Allstate offer in New York?

If you live in New York, you’ll be pleased to know that Allstate offers various life insurance options for you to choose from. Depending on what you’re looking for, you may be interested in these options:

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Variable universal life insurance

Sometimes, the most difficult thing to do when considering life insurance policies is to decide what type of policy would ultimately be best for you and your loved ones. Selecting one of Allstate’s policy options may seem laborious, but considering your needs will ultimately help you specify your selection.

If you are searching for anywhere from 10 to 30 years of affordable and reliable life insurance coverage, you may want to consider a term life insurance policy. A term policy will cover you for a set period of time and enable you to switch to a permanent life insurance policy if you ever decide to do so.

With whole life insurance, you receive a cash value associated with your policy along with dividends that can accumulate based on interest. In addition, you can count on the same premium every month, as life insurance rates with Allstate’s whole life policies are fixed.

People who want flexibility with their life insurance plans may be drawn to a universal life insurance policy. This type of policy also builds a cash value that can can grow, depending on your investments and overall risk profile with Allstate.

Lastly, an indexed universal life insurance policy offers the potential of a growing cash value with no cap on investment gains throughout the duration of the policy.

If you find yourself confused after reading some of the specifics of different policies, you can speak to an Allstate agent who may be able to help you better decipher the type of policy you need. But even after you make a decision about the type of coverage you’re looking for, you should still shop around with multiple companies before choosing your final plan.

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How much is Allstate insurance?

A life insurance plan with Allstate will vary depending on your monthly rates. Most life insurance companies base your monthly rates on numerous personal factors:

  • Your age
  • Your gender
  • Where you live
  • Your occupation
  • The type of coverage you want
  • The amount of coverage you want
  • Your health history
  • Your family’s health history
  • Whether or not you smoke
  • Your hobbies

As you can see, your age, gender, and health history — among other aspects — have the potential to significantly impact your overall life insurance coverage rates. The table below shows average monthly rates based on age and policy type.

Several-Term Policy Rates for Allstate

Age $250,000: 10-Year Term$250,000: 20-Year Term$500,000: 10-Year Term$500,000: 20-Year Term
30$17.00$20.00$25.00$33.00
40$22.00$30.00$35.00$51.00
50$39.00$53.00$65.00$97.00
60$78.00$130.00$140.00$240.00
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Depending on your unique set of characteristics, you may find that you pay more or less with Allstate than the averages listed above.

Does Allstate have good ratings and reviews?

Allstate’s ratings and reviews are very positive overall. The table below shows the company’s ratings with A.M. Best, The Better Business Bureau (BBB), and more.

Allstate Financial and Consumer Ratings Table

Ratings AgencyAllstate Rating
A.M. BestA++
Better Business Bureau (BBB)A+
Moody'sAa3
Standard & Poor's (S&P)A-
FitchRatingsA-
NAIC Complaint Index0.77
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Allstate’s financial ratings and future outlook are very encouraging. So if you’re considering the company for your life insurance needs, you can rest assured that they will be able to take care of your beneficiaries whenever you pass away.

Should I buy life insurance with Allstate?

Allstate might be a great company for you to use for life insurance. But before you make any final decisions, you should always shop around with other companies to compare quotes and determine what would work best. This will ensure that you obtain the overall coverage you need, and it will also save you from overpaying for life insurance coverage.

In fact, you can begin today by using our free quote tool below to find and compare rates from multiple companies in your area.

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