Does Allstate have life insurance?

If you are shopping for life insurance, you may be wondering, "does Allstate have life insurance?" Allstate offers term, whole, and universal life insurance policies. While Allstate has life insurance options for virtually everyone, the company's life insurance rates are often higher than other insurance companies selling similar policies.

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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: Jan 14, 2022

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Quick Facts

  • Allstate does offer term, whole, universal, and variable universal life insurance policies
  • Life insurance rates with Allstate tend to be higher than average
  • Allstate offers life insurance quotes on its website, but you will have to speak with an Allstate agent to complete your application

If you’re searching for life insurance, you are probably considering policies with some of the most popular insurance companies in the industry. This may have you asking, “does Allstate have life insurance?”

Allstate does offer life insurance in the U.S. Allstate life insurance policies have a few different options that will allow you to purchase either a term or permanent life insurance policy.

Remember to get life insurance quotes from multiple companies before you decide where to purchase a life insurance policy. This will help you make sure you’re not spending too much on coverage.

You can use our free quote tool above as you search for life insurance that fits your budget today.

What does Allstate offer for life insurance coverage?

Allstate offers term and whole life insurance policies, along with other options like universal and variable universal life insurance.

The fact that Allstate offers so many options means that you are highly likely to find a policy that works for you. But it could be overwhelming when you try to consider all your potential options and choose what might work best.

When considering Allstate life insurance, you can use the company’s online resources to learn more and make an informed decision on coverage. Allstate’s website will let you learn more about the different life insurance options available.

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How do Allstate life insurance rates compare to other companies?

When compared with other life insurance companies, Allstate policies may be a bit more expensive.

The table below shows the average monthly rates for a 20-year term life insurance policy based on a person’s age, gender, and the amount of coverage.

Average Monthly 20-Year Term Life Insurance Rates by Age and Gender

Term Life Insurance Policyholder Age$100,000: Male Average Term Life Monthly Rates$100,000: Female Average Term Life Monthly Rates$250,000: Male Average Term Life Monthly Rates$250,000: Female Average Term Life Monthly Rates$500,000: Male Average Term Life Monthly Rates$500,000: Female Average Term Life Monthly Rates
25$14.53$12.70$23.27$18.72$34.79$27.39
30$14.96$13.22$24.59$20.44$37.39$29.59
35$17.57$15.40$26.09$22.19$40.04$32.19
40$21.40$18.62$33.72$28.49$54.79$45.69
45$26.54$22.97$45.47$37.42$79.19$66.14
50$36.02$29.32$69.59$54.59$126.14$96.99
55$50.98$38.11$105.72$78.97$203.14$143.99
60$84.91$60.20$183.79$131.17$355.39$248.84
65$144.51$97.44$323.42$220.99$625.09$432.84
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As you can see, the rates for life insurance policies are likely to be more expensive as you age and also if you choose a more comprehensive policy.

Since Allstate rates tend to be higher than average, you may find that monthly term life insurance rates tend to be higher than those listed in the table above.

What does Allstate offer for term life insurance?

With Allstate, you can purchase a term life insurance policy under the TrueFit label.

TrueFit life insurance policy terms are available for anywhere from 10 to 30-year terms. Allstate offers life insurance quotes for TrueFit life insurance on its website, but you will have to speak with an Allstate agent to complete your application.

TrueFit life insurance policies provide tax-free death benefits to a policyholder’s beneficiaries, and premiums are fully guaranteed to remain level during a term period.

Policyholders can convert their TrueFit term life policies into permanent insurance. TrueFit policies do not accrue cash value, as is the case with most term life insurance.

Allstate offers several riders along with its TrueFit term life insurance policies, including:

  • Terminal illness accelerated benefit
  • Disability waiver of premium
  • Children’s term rider
  • Primary insured term rider
  • Additional insured term rider
  • Accidental death benefit

Term life insurance policies with Allstate cover just about anything you’re looking for if you decide that term life insurance is the type of policy you need.

What does Allstate offer for whole life insurance?

Allstate’s whole life insurance policies are customizable, so you can make your life insurance plan work best for your unique needs and the needs of your loved ones.

Whole life policies with Allstate are available for people anywhere from one to 80 years old. The whole life insurance policies with Allstate start at $10,000, and the company offers several options for premium payment.

Allstate’s whole life insurance policies include a tax-free death benefit paid to the beneficiary of the policy, and the policy will also provide a guaranteed cash value accumulation.

Possible riders for a whole life insurance policy with Allstate include:

  • Terminal illness accelerated benefit
  • Chronic illness accelerated benefit
  • Disability waiver of premium
  • Children’s term rider
  • Primary insured term rider
  • Guaranteed insurability rider
  • Paid-up insurance rider

Because Allstate’s whole life policies accrue cash value, you will have the option of receiving excess credit earnings in cash, accumulated at interest, or used to help reduce the premium payments of your policy.

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Should I buy life insurance with Allstate?

Allstate’s policies have just about anything you might need in a life insurance plan. But you may find that life insurance rates with Allstate are higher than what you want to pay.

It’s important to shop around for life insurance before you decide to go with Allstate or any other insurance company for life insurance coverage. Compare rates from the best companies in your area to see how much you can expect to pay for life insurance.

In fact, you can use our free tool below to find and compare life insurance rates from multiple companies today.

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