Secured with SHA-256 Encryption

Select Page

Allstate Life Insurance Review (Companies + Rates)

Home » Company Reviews » Allstate Life Insurance Review (Companies + Rates)

FREE Life Insurance Comparison

Compare quotes from the top life insurance companies and save!

 Secured with SHA-256 Encryption

Ron Attias, a licensed insurance broker. He had no particular loyalty to any one insurance company, so he was able to shop all major insurance carriers. This means that you always get the BEST plan at the LOWEST price. Each plan can be customized to fit your specific healthcare...

Full Bio →

Written by

UPDATED: Mar 13, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

Key InfoCompany Specifics
Year Founded1931
Current ExecutivesCEO - Thomas J. Wilson
CEO - Steven E. Shebik
Number of Employees45,420
Total Sales / Total Assets$39,815,000,000 / $112,249,000,000
HQ Address2775 Sanders Road, Suite A3, Northbrook, IL 60062
Phone Number1-800-255-7828
Company Websitewww.allstate.com
Premiums Written - Individual Life$59,185,000
Financial Standing$2,104,000,000 or -31.53% from Previous Year
Best ForStrong Financial Ratings
Get Your Rates Quote Now

You know that having life insurance is better than not having life insurance. It’s easier said than done. But you’ve made it onto this site, which means you’re seeking that peace of mind that only life insurance can bring.

Life insurance companies are not usually at the top of everyday conversation, so we’ll dive into one life insurance company, Allstate, to help you decide which life insurance to buy.

No matter how much information you get, comparing quotes is the vital decision-maker. So take a moment and use our free tool to start comparing right now.

Don’t wait! Get a life insurance quote now with our FREE tool above.

Table of Contents

Allstate’s Ratings

The most common and fastest way to compare companies and gauge how well they do by using rating systems. Below is a table of Allstate ratings from some of the most recognized rating agencies.

Ratings AgencyAllstate's Ratings
A.M. BestA+ (Superior)
BBBA+ (Highest)
Moody'sA3
S&PA-
FitchRatingsA-
Consumer Affairs3.75 out of 5 Stars / 1,409 Ratings
Get Your Rates Quote Now

Now, what do these ratings even mean? Let’s take a look at each rating agency individually.

A.M. Best

A.M. Best’s credit ratings are forward-looking, independent, and objective opinions about insurance companies’ creditworthiness. In short, it gives the consumer a professional risk assessment of any rated company.

Best’s financial strength ratings focus on how well the company can hold up its end of the bargain. Allstate received an A+ rating, signifying their superiority in the eyes of A.M. Best.

Better Business Bureau (BBB)

The Better Business Bureau also gave Allstate an A+ rating. The BBB evaluated seven rating elements before handing out that rating. Data is gathered from public sources, as well as the companies themselves.

The BBB doesn’t focus on the money aspect, but rather on the interactions between business and consumers. Customer reviews do not apply.

Moody’s

Moody’s uses ten factors to provide the framework for their ratings. They use historical and forward-looking data to rate the financial strength of companies by focusing on business, economic, and operating factors.

Allstate obtained an A3, which says that it has a strong-to-superior ability to repay short-term obligations.

Standard & Poor’s (S&P)

Standard & Poor’s credit ratings provide forward-looking credit risk, which provides information and insight to market participants.

Allstate received an A-, meaning they have a strong capacity to pay any financial obligations but may be somewhat susceptible to changing economic conditions.

FitchRatings

Fitch’s credit ratings are opinions on the relative ability of an entity to meet financial commitments, such as interest, preferred dividends, or insurance claims. Allstate was given an A+ by Fitch – the same grade BBB and A.M. Best gave the company.

An A+ rating means that Allstate has high credit quality. Allstate is considered to be low risk with a stable foreseeable future.

Consumer Affairs

Consumer Affairs bases its grade strictly on the ratings and opinions of actual consumers. Out of 1,409 ratings, Allstate averages 3.75 out of 5 stars.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Company History

Allstate was founded in 1931 in Northbrook, Illinois. It was born out of Sears, Roebuck, and Company. President Robert E. Wood launched an auto insurance company that was sold via mail.

Richard Roskam became Allstate’s first agent when he set up a table within the Sears exhibit at the 1933 Chicago World’s Fair. A year later, the first Allstate sales location opened up in a Chicago Sears.

During World War II, Allstate developed a series of training courses to help women replace male agents who were in the military. After the war, the company implemented the Illustrator Policy, which used simpler language and illustrations to help customers understand policies.

The 1950s is when Allstate expanded to more than just auto insurance, including life, health, commercial, and residential fire insurance in their lines of business.

The iconic “You’re In Good Hands With Allstate®” was coined in 1950, a phrase that is familiar in American households today.

The company expanded into Canada in 1964. They also expanded their coverage options when the Business Umbrella package was introduced in 1968 – total insurance protection for commercial businesses.

Allstate Indemnity Company was created in 1974 to serve high-risk customers. Expansion continued the following year when Allstate entered Japan’s life insurance market.

In 1976, Allstate employees started putting their hands to work with the creation of the “Helping Hands” program. Today, over 75 percent of employees volunteer their time and talents to the community.

The company became a 100 percent publicly held corporation in 1995 and launched its first website in 1996.

Working Mother magazine named Allstate one of the best companies for working mothers in 1990. Latina Style Incorporated ranked Allstate as one of the top 50 best companies for Latinas to work for in 1997.

Forbes listed Allstate on their top 50 companies list, and Fortune on their best companies for Asians, blacks, and Hispanics in 1998. After the turn of the century, the company was put on DiversityInc’s list of the top companies for diversity in 2001.

Allstate became the first insurance company to offer accident forgiveness in 2005. Since then, there have been three major technological advances with the introduction of Drivewise®, QuickFoto Claim®, and Allstate Good Hands Rescue® applications.

Within the last two years, Allstate has acquired SquareTrade™ and InfoArmor™ to further the range of protection that can be provided to its customers. SquareTrade™ deals in extended warranties and InfoArmor™ focuses on identity protection.

Allstate’s Market Share

Over the last couple of years, the number of direct premiums written by Allstate has increased by 0.08 percent from 2016 to 2018. The rest of the table below paints a picture of how Allstate fits in the picture of the other top life insurance companies.

Top Providers2016 Direct Premiums2016 Market Share2017 Direct Premiums2017 Market Share2018 Direct Premiums2018 Market Share
Metropolitan Group$11,890,212,2787.65%$12,069,037,5057.37%$9,821,445,9536%
Northwestern Mutual Group$10,067,144,9196.48%$10,455,506,5406.38%$10,517,115,4526.42%
New York Life Insurance Group$8,714,565,0905.61%$9,335,442,4465.70%$9,295,848,3005.68%
Prudential Financial Incorporated$8,530,929,4705.49%$8,977,419,7955.48%$9,128,805,0605.57%
Lincoln National Corporation$6,902,867,8664.44%$7,459,547,0864.55%$8,769,303,1745.36%
Allstate Insurance Corporation$805,176,7840.50%$877,142,5430.54%$956,578,0480.58%
Get Your Rates Quote Now

Only two of the six companies saw a dip in the number of direct premiums that were written in 2017 and 2018; it seems that the industry as a whole does not intend on slowing down.

The parent company, Allstate Corporation, has a handful of direct subsidiaries:

  • Allstate Insurance Company
  • Allstate International Insurance Holdings, Inc.
  • Allstate Non-Insurance Holdings, Inc.
  • Allstate Bank
  • American Heritage Life Investment Corporation
  • Kennett Capital, Inc.
  • Allstate Financing II

Each of these subsidiaries has multiple companies beneath them. Check out this list from the Securities and Exchange Commission (SEC) for a complete picture. NOTE: Allstate Life Insurance Company is a subsidiary of Allstate Insurance Company.

Allstate’s Position for the Future

Due to natural disasters, 2018 was a rough year for Allstate, but the acquiring of SquareTrade™ and InfoArmor™ show much promise of increased profitability.

The value of Allstate stock has been on a steady rise in the past ten years or so; there is no reason to believe that it should falter in any major way.

Allstate may not be the biggest life insurance company around, but it will be around for a long while to come.

Allstate’s Online Presence

In the age of technology, having a strong online presence is what sets companies apart. Millions of people try to google or shop online before contacting or visiting a company.

Allstate has an account for every major social media platform. The company has 43,800 subscribers to its YouTube channel, where there are several hundred videos relating to all things Allstate related.

Since 2008, Allstate has had a Twitter account that has now reached over 85,000 followers. There are only a couple of tweets and retweets a month from the account.

On Facebook, the company has a chat window pop up when users visit its Facebook page. Over 900,000 people have liked the company, while 888,267 people follow it.

Overall, there is more information on Allstate’s Facebook profile, but it also includes many negative comments left by unhappy customers.

LinkedIn is another site that has a plentiful amount of information. There are 69,393 employees connected to Allstate’s LinkedIn profile. A total of 210,745 people follow the company on that platform.

The Instagram account for Allstate has almost 20,000 followers and over 500 photos. On Pinterest, Allstate has over 10 million viewers a month.

Allstate’s Commercials

Some of the most iconic insurance commercials come from Allstate; the many Mayhem commercials bring humor to disastrous situations that call for the use of insurance.

Let’s not forget the commercials with the tagline, “Are you in good hands?” This line is ingrained in the minds of TV watchers across America. Here is a great life insurance commercial with a variation of “good hands.”

Advertising has become vital for any company in today’s consumerism. Allstate spent $397 million on advertising in 2018.

Allstate in the Community

The Allstate Foundation was established in 1952 to partner with nonprofit organizations to help improve the quality of life around the neighborhoods of Chicago. It has since expanded to a global organization. In 2018, the foundation raised $41.2 million.

There are four key organizations that are the focus of Allstate’s community involvement:

  • Good Starts Young – Aims to inspire young leaders to gain social and emotional skills as well as how to engage in service
  • Purple Purse – Breaks the cycle of domestic violence through financial education and empowerment
  • Helping Hands Grants – Supports Allstate employees and agency force members who volunteer with local nonprofits through funding for the organizations
  • Nonprofit Leadership Center – Ensures that nonprofits fulfill their vital missions by providing free leadership development training to nonprofit leaders.

Every year, Allstate holds a Bring Out the Good Month. In 2018, 25,612 employees participated, and over 10,700 organizations benefited.

Allstate is also conscious of its carbon footprint. The headquarters in Northbrook, Illinois, is run off of 100 percent renewable energy.

Allstate’s Employees

Over the years, Allstate has ranked on several top companies lists. Here is a short overview of a few of those rankings for 2019.

Most of the organizations that compile these lists do a fantastic and thorough job, but to show the reality of a company, we need information from and about its employees.

Glassdoor, Payscale, and Indeed are a few of the most popular sites to obtain employer and employee information. Across all three sites, Allstate averages 3.5 out of five stars based on over 14,000 reviews.

Common positives expressed by current and former employees revolve around benefits and work environment. On the other hand, many negative feelings were expressed about the work/life balance and the high amount of stress.

The benefits available to Allstate employees are:

  • Life insurance
  • Vision insurance
  • Severance pay
  • Health insurance
  • Prepaid legal
  • Dental insurance
  • Long-term disability insurance

The average salary at Allstate is $59,000 a year, with an average bonus of $4,000. If we break down the company by gender, we can see the evidence of a pay gap.

About 55 percent of Allstate employees are male, and 45 percent are female. Male salaries at Allstate range from $36,000 to $110,000 a year. For females, that range is only from $28,000 to $90,000 a year.

Shopping for Life Insurance

Life insurance can be useful at any stage in life. For example, if you are just starting your career, life insurance can help you establish yourself financially, protect your family, and protect yourself from potential job changes.

According to a 2018 study, 61 percent of people don’t buy life insurance or more of it because they say they have other financial priorities. Another astonishing statistic is that 44 percent of Millennials overestimate the cost of life insurance by more than five times.

If millions of people can subscribe to multiple streaming platforms, millions can afford a life insurance policy that provides longstanding benefits. However, affordable does not mean universal prices. Shopping around is the best move you can make.

Average Allstate Male vs Female Life Insurance Rates

Monthly rates for life insurance can vary greatly. Later, we’ll discuss several factors that affect rates. First, let’s take a look at some rates from Allstate for male non-smokers ages 25 to 65.

Age$250,000/10-Year$250,000/20-Year$250,000/30-Year$500,000/10-Year$500,000/20-Year$500,000/30-Year
25$17.00$20.00$25.00$25.00$32.00$42.00
30$17.00$20.00$26.00$25.00$33.00$45.00
35$18.00$22.00$30.00$27.00$35.00$53.00
40$22.00$30.00$44.00$35.00$51.00$77.00
45$29.00$37.00$64.00$44.00$66.00$114.00
50$39.00$53.00$96.00$65.00$97.00$171.00
55$56.00$78.00N/A$96.00$149.00N/A
60$78.00$130.00N/A$140.00$240.00N/A
65$123.00N/AN/A$231.00N/AN/A
Get Your Rates Quote Now

These numbers are based on term life insurance policies of 10, 20, or 30 years with $250,000 in coverage. By looking at these rates, we can see that the older you are, the more expensive your premiums.

Age is not the only major factor; gender is a big factor, as well.

Age$250,000/10-Year$250,000/20-Year$250,000/30-Year$500,000/10-Year$500,000/20-Year$500,000/30-Year
25$15.00$17.00$22.00$22.00$23.00$34.00
30$16.00$18.00$22.00$22.00$26.00$37.00
35$16.00$19.00$26.00$24.00$29.00$44.00
40$20.00$24.00$37.00$29.00$39.00$61.00
45$24.00$31.00$52.00$37.00$48.00$93.00
50$32.00$39.00$67.00$51.00$67.00$119.00
55$42.00$56.00N/A$67.00$102.00N/A
60$55.00$92.00N/A$93.00$163.00N/A
65$83.00N/AN/A$150.00N/AN/A
Get Your Rates Quote Now

The table above shows rates for female non-smokers. A 25-year-old female pays on average $2 or $3 less a month than a male of the same age. If we move a little farther down the table, we see that a 60-year-old female pays $20-$40 less.

As you have probably guessed, another aspect of your life that the insurance company pays attention to is whether you smoke.

Age$250,000/10-Year$250,000/20-Year$250,000/30-Year$500,000/10-Year$500,000/20-Year$500,000/30-Year
25$42.00$43.00$76.00$65.00$73.00$143.00
30$42.00$45.00$84.00$65.00$78.00$154.00
35$48.00$53.00$110.00$76.00$96.00$195.00
40$61.00$78.00$163.00$105.00$136.00$291.00
45$85.00$120.00$241.00$157.00$211.00$452.00
50$125.00$172.00$345.00$242.00$320.00$799.00
55$188.00$261.00N/A$369.00$490.00N/A
60$273.00$507.00N/A$539.00$943.00N/A
65$418.00N/AN/A$827.00N/AN/A
Get Your Rates Quote Now

A 35-year-old male smoker pays $48 a month under these circumstances. That is $30 more than his non-smoking counterpart. Roughly the same rings true for females, as well.

Age$250,000/10-Year$250,000/20-Year$250,000/30-Year$500,000/10-Year$500,000/20-Year$500,000/30-Year
25$34.00$34.00$60.00$48.00$57.00$109.00
30$36.00$37.00$65.00$50.00$63.00$119.00
35$39.00$45.00$83.00$57.00$82.00$152.00
40$48.00$65.00$118.00$81.00$114.00$217.00
45$64.00$92.00$169.00$117.00$162.00$325.00
50$92.00$125.00$270.00$173.00$229.00$524.00
55$130.00$176.00N/A$252.00$343.00N/A
60$185.00$292.00N/A$362.00$546.00N/A
65$277.00N/AN/A$543.00N/AN/A
Get Your Rates Quote Now

These rates show us that it’s better to buy at 30 years old as a non-smoker for $16-$26 a month rather than at 65 as a smoker for $277-$418 a month.

Coverage Offered

Allstate is one of those companies that have a policy for everybody. They sell any type of insurance imaginable. For our purposes, though, we’ll examine what kind of life insurance Allstate offers.

Whether you’re raising kids with or without someone, are just starting down your career path, or reaching the end of that path, there is a type of insurance that will best suit you.

Types of Coverage Offered

Life insurance is either temporary or permanent. Temporary insurance is valid for the specified term, while permanent life insurance is for life, as long as the premiums are paid.

Permanent life insurance comes in whole life or universal life policies. Allstate offers coverage via all types of policies: term, whole, universal, and even variable universal.

Term

Allstate TrueFit® is the company’s term life insurance. The purpose of term life insurance is to replace the income that would be lost after your death. The death benefit would be tax-free.

Most insurance companies offer term lengths of 10, 15, 20, 25, and 30 years. However, Allstate is one-of-a-kind with flexible term lengths; you can choose any period of time between 10 and 30 years.

This is beneficial if a parent only wishes to have coverage for 18 years while their child is still a minor. It is also usually the cheaper option.

A term life insurance policy for ten years and $250,000’s worth of coverage can cost as little as $15 a month. There is always a possibility to convert a term policy into a whole life policy.

Whole

Whole Life Advantage® is Allstate’s technical product name for whole life insurance. There is still a tax-free death benefit with these types of policies, but there is also a cash value portion.

The death benefit is given to your beneficiary upon your death. A cash value portion is available to you while you are still alive. The additional allocation of funds is what makes permanent life insurance more expensive.

There are more additional benefits, such as being able to lock in a low lifetime rate that’s based on your age. The sooner you buy, the cheaper. There are also potential dividends and excess credits that can be used as cash to increase benefits or even pay premiums.

Guaranteed cash value is another perk, which means your cash value will increase regardless of the market. The next couple of policies are more influenced by the market.

For a policy starting out with $100,000 of coverage, we are looking as low as $124 a month.

Universal

Universal life insurance policies can be a little more complicated than the alternatives. Complicated does not necessarily mean bad, but it does mean that you need to understand everything about your policy.

Flexibility is the name of the game for universal life. Adjustable premiums and benefits work great for those who want maximum mobility with their finances. Those with variable income should consider universal life.

Allstate Lifetime UL® allows you to have options when it comes to how your cash value portion is set up. The guaranteed annual return option is the same as whole life, or you can have the cash value tied to a market index with limits on gains and losses.

These plans can be a little cheaper than whole life but require much more attention. Allstate has its universal life plans starting at $91 a month for $100,000 of coverage.

– Variable Universal

For those of you who are an investment- and stock-market savvy, variable universal life may be for you. Variable universal life is a full market participation type of policy. This means that the cash value is 100 percent tied to market performance.

The flexibility that comes with all universal policies still applies. However, you have to be extremely conscious of your policy to avoid losing a large amount of money.

Riders

There are seven different types of riders that Allstate offers to add on to life insurance policies.

  • Waiver of premium: Allows your policy to stay in place if the policyholder becomes disabled
  • Accidental death benefit: Provides an extra death benefit payment if the insured dies in an accident
  • Accelerated death benefit: Allows a portion of the death benefit to be paid prior to death to be used to pay for long-term care, for example
  • Guaranteed insurability: Guarantees that the insured can buy extra coverage based on age and not medical information
  • Term rider: Allows for additional coverage for a specified amount of time
  • Spouse and children’s riders: Allows for term coverage for spouse and children that can be converted into a permanent policy.
  • Automatic premium loan provision rider: If you forget to pay a monthly premium, this rider protects you from lapsing your coverage.

Factors That Affect Your Rate

Insurance companies and their policies are far from one-size-fits-all. Many different characteristics can affect your rates. The insurance companies’ goals are to maximize profits and the number of premiums while minimizing and assessing the risks.

Some of these are out of anyone’s control, such as some demographics or medical history. Others are based on important life choices.

Demographics

Age is often the number-one factor when it comes to setting a price for life insurance premiums. The younger you are, the less likely the insurance companies will have to pay out soon.

Gender is another factor that lies outside of our control when it comes to affecting life insurance rates. Women generally live longer than men. Insurance companies are trying to play the game with the best odds in mind.

On average, men pay a 38 percent higher premium than women. Elderly men seem to have the short end of the stick.

A more individualized factor is one’s medical history.

Current Health and Family Medical History

Before most life insurance companies agree to insure you, a medical exam must be performed. During which, one’s blood pressure, cholesterol, and heart are looked at and assessed; the risk of having a heart attack is evaluated thoroughly.

Insurers may also request your full health records before insuring you. This is to check for serious conditions like having high cholesterol or high blood pressure, which would surely increase your rates.

There is also the case of diabetes. Type 1 diabetes is usually diagnosed young, causing life insurance rates to always be higher. Whereas, type 2 diabetes is often diagnosed in later years and can be dependent on one’s lifestyle.

Some of these medical conditions can be managed or minimized. However, there are pieces of one’s medical history that cannot be overshadowed or diminished. Complicated family medical history (i.e., stroke, cancer) and pre-existing medical conditions of your own often increase life insurance rates.

High-Risk Occupations

Your personal life isn’t the only thing on display when the underwriting is in the process; your work life can have just as much as an effect. Insurance companies will charge you more if your life is in danger while on the clock.

Our minds tend to go to law enforcement or firefighting when we think of dangerous occupations, although construction and transportation are two industries with extremely high numbers of fatal work injuries.

This means that your dream of becoming a pilot can be just as costly as being an ice road trucker or even a big city construction worker.

High-Risk Habits

Why does the insurance company need to know so much about your personal life? The short and possibly dark answer is that the higher the risk of you dying, the more you’ll pay to cover your life.

If you make unhealthy choices, the insurance companies will increase the premiums of your life insurance. Habits such as smoking or excessive drinking can cause insurers to increase their rates.

Smoking is a major behavior that almost every life insurance company evaluates, but it’s not the only one. Do you have one or many instances on your driving record relating to speeding, reckless driving, or driving while under the influence of drugs or alcohol?

That’s right. Past mistakes related to reckless behavior can come back to haunt your life insurance rates. The way you go about having fun is also examined. To all the adrenaline junkies out there, know that a higher premium is a possibility.

Engaging in high-risk activities such as skydiving or racing cars makes you a financial risk to the insurance company because of how your life could potentially be cut short.

Some policies become void if death occurs via skydiving or any other listed exclusions.

Whatever insurance company you go with, they will take a look into your life and charge you accordingly. How much weight each factor holds varies from company to company. This is why getting quotes is so important when it comes to maximizing your policy and your dollar.

Veteran or Active Military Status

There are many benefits for the men and women who are willing to lay down their lives for their country. The federal government, via the Veterans Affairs (VA) office assists veterans and their families with health and life insurance as well as final expenses.

For people in active military service, there is a low-cost option called the Servicemembers’ Group Life Insurance, where you are automatically enrolled under the maximum coverage if you qualify. You may deny or change the coverage, but it’s available to all military members.

What happens when you’re no longer on active duty? Veterans who had an SGLI policy are eligible to switch to Veterans’ Group Life Insurance. A plus side to this that no proof of good health is necessary. There is, however, a maximum of $400,000-worth of coverage.

If you’ve served in the military, there is less to worry about in terms of final expenses. It’ll be free for you and your family to be buried in a national cemetery.

The VA’s office will pay a burial allowance to the deceased’s survivors to cover funeral expenses. Also, if burial takes place beside a national cemetery, the VA will still cover it.

Getting the Best Rate with Allstate

The thing with life insurance rates is that they vary not only by the company, medical conditions, and personal lifestyle but by each state, as well. The good part about it is that the National Association of Insurance Commissioners (NAIC) has a model of how states should structure their insurance laws and regulations.

These regulations are recommended to protect consumers from being exploited by insurers. Insurers base the premium rates on mortality and interest along with additional expenses, such as operating costs.

A mortality table is used in most cases to plan average life expectancy and estimate how much in death claims will be paid out each year. This is taken into consideration when the company invests the premiums in making money off the interest.

For the insurance company, it’s one big balancing act that is strictly by the numbers – even though the numbers can be highly volatile. That’s why it’s wise to know how to play the game to your advantage.

The best thing you can do is buy now. The longer you wait to purchase life insurance, the more it’s going to cost. The average increase in rates between the age of 30 and 50 is over 225 percent.

Another big way to save when buying life insurance is bundling. Most states require car insurance, and homeowners or renters insurance is pretty common, too.

Oftentimes, if you buy multiple policies from a single company rather than individual policies from several insurance companies, you’ll save more money.

At Allstate specifically, you can save 10 percent off auto and 25 percent off homeowners when you purchase a life insurance policy, too.

Of course, there are other simple ways to help get the lowest rates; most of it is common sense. Stay healthy, don’t smoke, and don’t take unnecessary physical risks.

Allstate’s Programs

Allstate’s website has an extensive Tools and Resources section. To browse them, click on Tools and Resources at the top of the page.

Allstate Tools and Resources 1

You will then be shown a drop-down menu of all the types of insurance offered by Allstate. If you click on Welcome, you will be routed to the main section page.

Allstate Tools and Resources 2

On the main page of the Tools and Resources section, there will be a list on the left-hand side of the screen with several different types of insurances, as well as tools, topics (for blog articles), and milestones, which helps pair life events with the best types of policies.

If you click on any of the categories, an expanded menu will appear.

Allstate Tools and Resources 3

When you click on Tools, a menu appears containing useful items such as a glossary, videos, and calculators. These tools will help you understand insurance and get exactly what you need.

Allstate's Tools and Resources 4

The immense amount of information that Allstate has made available through its website is proof that not all insurance companies prey on uninformed consumers rather than help educate them.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Canceling Your Policy

Life is a long line of unexpected and unavoidable events. That’s why canceling a life insurance policy shouldn’t be a hassle. At Allstate, there seems to have been some consensus on that fact.

In most cases, there is no cancellation fee. The cash value of the policy is surrendered back to the former policyholder minus any loans or fees, depending on the policy.

How to Cancel

Out of all the things you can do on Allstate’s website, completely canceling your policy is not one of them. You must contact your Allstate agent to initiate the cancellation process.

Usually, you can find out who your agent is from your monthly bill. Let’s go ahead, though, and take a look at how to find your agent online.

#1 – Visit Allstate’s Website

Allstate Homepage

#2 – Click on “Find An Agent” in the Center of the Page at the Top

Allstate Find an Agent

#3 – Fill Out Your Preferred Search Method: Agent’s Name, ZIP Code, or City and State

Allstate Find an Agent 2

If you’re searching by location, a map with a list of the nearest agents and all their information will pop up. When you call your agent, they will most likely ask you to submit your request in writing.

The process should be fast and easy, but make sure to look out for automatic payments. Sometimes information doesn’t get passed along as quickly and accurately as we would like.

How to Make a Claim

Making a claim on a life insurance policy can be a very difficult road to have to go down. With emotions running high and so much to do after losing a loved one, you can easily feel overwhelmed and confused.

Allstate provides a checklist to help guide families through the entire process, but let’s focus on the actual claim process for a moment. There are a few pieces of information about the policyholder that will be required to complete the claim process.

  • Policy number
  • Name
  • Social Security number
  • Date of birth
  • Date of death
  • Place of death

Allstate also outlines the five-step process of how to make a claim and track it through the entire process.

#1 – Start Your Claim

To start a claim, you can visit your local agent, call 1-800-366-3495, or download the claim notification form.

Allstate Make a Claim Step 1

#2 – Claim Kit

After your request is received, a kit will be sent out to you. The kit will include instructions on what to do next.

Allstate Make a Claim Step 2

#3 – Mail Required Documents

After the instructions in the kit are complete, mail back the requested documents to the Life Claim Department, P.O. Box 620068 Dallas, TX 75262-0068.

Allstate Make a Claim Step 3

#4 – Track Your Claim

You can keep track of your claim by calling 1-800-366-3495 or by contacting your Allstate agent.

Allstate Make a Claim Step 4

#5 – Receive Payment

Upon approval, you’ll receive your payment. Every life insurance policy comes with a complimentary financial review for the beneficiaries.

Allstate Make a Claim Step 5

Allstate tries to hold its policyholders’ hands the entire way through the process, from filing to payment.

How to Get a Quote Online

So now that you’re all pumped to purchase life insurance, whether from Allstate or not, let’s go over how to get online quotes. To compare multiple quotes, there is a tool on the right-hand side of this page.

However, most insurance companies have quote tools on their website. Allstate, of course, is no different. The following steps show how to get an online term life quote from Allstate.

#1 – Click on the Red “Get A Quote” Button at the Top of the Home Page

Allstate Get a Quote

#2 – Choose a Product – In This Case, Life

Allstate Get a Quote Step 2

#3 – Check the ZIP Code and Click “Get Started” [Optional – Choose Additional Types of Insurance]

Allstate Get a Quote Zip Code Location

#4 – Fill out the Basic Information Form and Click “Next” at the Bottom of the Page

Allstate Get a Quote Contact Info

#5 – Fill Put the Location Form and Click “Next”

Allstate Get a Quote Address

#6 – Enter Your Email Address and Click “Next”

Allstate Get a Quote Email Address

#7 – Click “Continue”

Allstate Get a Quote Coverage Details Loading

#8 – Answer a Few More General Questions and Click “Next”

Allstate Get a Quote Physical Questions

#9 – Then Answer a Few Medical Questions and Click “Next”

Allstate Get a Quote Medical Questions

#10 – Answer a Couple of Questions About Your Lifestyle and Click “Next”

Allstate Get a Quote Lifestyle Questions

#11 – Answer One Question About Your Driving History and Click “Next”

Allstate Get a Quote Driving History

#12 – Click “Continue”

Allstate Get a Quote Loading Ready

#13 – Review Your Quote

Allstate Get a Quote Results

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Design of Website/App

Like most major companies today, Allstate has an app for its customers. On Google Play, Allstate Mobile has rated 4.1 stars out of five based on 38,000 reviews.

Although that is a fairly high rating, it appears that many of the recent reviews have been one star. The recent technical difficulties lead you to believe that the design is solid, but the software needs reinforcements.

Allstate’s website is the clear winner. Every type of insurance that is offered is laid out nicely, and the size of the website is huge and full of a wide range of insurance-related information.

Pros & Cons

Every company has its strengths and weaknesses. Here is a table of a few of those traits.

ProsCons
Offers a variety of policies: term, whole, universal, variable universalConservative underwriting
High financial strength ratingsHigher premiums
Term life option available without medical examFaulty phone app
Get Your Rates Quote Now

The Bottom Line

Allstate is an overall stable and financially strong company. It offers many types of insurance and grants a discount for the more lines purchased through them.

That being said, Allstate’s life insurance premiums can run on the higher side. There are probably cheaper life insurance options out there, but Allstate does offer discounts if you bundle several policies.

The company gives back to the community in big ways and is committed to making sure its customers are in good hands. The real test comes in finding which hands are best for you.

Comparing life insurance quotes is the only way to know if you are getting the best deal or not. Use our free tool at the right and start shopping today.

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Allstate’s FAQs

Let’s go over a few of the most popular questions about Allstate.

#1 – How do you cancel an Allstate policy?

To cancel any type of policy from Allstate, contact your agent over the phone or in person.

#2 – What can a life insurance death benefit be used for?

A beneficiary can use a death benefit to compensate for the loss of income, final expenses, child care, or even college tuition. It is there to help financially protect the deceased’s loved ones.

#3 – What riders can you add to your life insurance policy?

At Allstate, there are seven riders that could possibly be added to your life insurance policy: waiver of premium, accidental death benefit, accelerated death benefit, guaranteed insurability, term, spouse and children, as well as automatic premium loan provision.

#4 – What type of insurance does Allstate offer?

Allstate sells life, auto, home, renters, motorcycle, pet, boat, motorhome, snowmobile, and more. Basically, anything you want to be insured, Allstate has a policy for it.

#5 – What types of life insurance coverage does Allstate offer?

Allstate TrueFit®, Whole Life Advantage®, Allstate Lifetime UL®, and Variable Universal Life.

#6 – How can you find a local Allstate agent?

By visiting allstate.com and entering your ZIP code, you can find the nearest Allstate agent in just minutes.

#7 – How do you file a claim with Allstate?

You can start the claim process by visiting your local Allstate agent, giving them a call, or downloading a claim form and faxing it in.

#8 – Is Allstate available in all states?

As the name suggests, yes, Allstate is available in all 50 states.

Don’t wait! Get a life insurance quote now with our FREE tool below.

FREE Life Insurance Comparison

Compare quotes from the top life insurance companies and save!

 Secured with SHA-256 Encryption