Allstate Term Life Insurance Review – Is it right for me?

Allstate Term Life Insurance Review
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    Allstate Term Life Insurance Review: Allstate’s “You’re in Good Hands” slogan is known worldwide, and if you’re like many people looking for life insurance, you’re probably wondering just how true this slogan is. Keep reading our Allstate term life insurance review if you’re looking for more details and quote comparisons.

    Allstate Life Insurance Company

    Financial Strength
    Review Summary

    Founded in 1931, this competitive insurance provider offers multiple kinds of insurance, including term life coverage, and it currently holds a superior “A+” life insurance companies rating with A.M. Best.


    Allstate Term Life Insurance Review

    As competitive as Allstate is, it is not always the cheapest, or the most convenient, policy provider. 

    They aren’t in our list of the best term life insurance companies in the market. However, keep reading if you’d like to learn more about Allstate term life and finding the right life insurance company for you.

    Allstate Life Insurance Products

    Term life insurance is temporary coverage. The most popular term lengths range from 10 to 30 years.

    Term Life Insurance

    Allstate offers two different kinds of term life insurance— Basic Term and TrueTerm.

    With Basic, you are limited to choosing coverage policies of $50,000, $100,000 and $150,000, and the time frame for coverage is 15 years. The good news is that no medical exam is required, but for really healthy people this can actually be bad news, since this generally means fewer discounts for them. With TrueTerm insurance, policyholders have more options and flexibility.

    However, term policies only range from 10-year term to 20 years. Many other term life insurance providers actually offer policies up to 30 years.

    Allstate also has Permanent Life Insurance options. 

    Whole Life Insurance

    Allstate offers whole life insurance to shoppers looking for lifetime coverage. With whole life insurance, you’re getting excellent guarantees such as a guaranteed minimum growth, but the policy is more expensive compared to term life.

    Universal Life Insurance

    You can also purchase a universal life insurance policy with Allstate. With universal life, you have more flexibility compared to whole life vs term life. Your premium payments and even your coverage amounts can be adjusted.

    Life Insurance Quotes Allstate vs The Competition

    Here are some sample rates from other top life insurance companies. As you can see, it’s possible to get a better rate by shopping around.

    Rate Examples: Allstate vs Competition

    We work with over 60 different life insurance companies, and among them, there are many companies that are actually cheaper than Allstate.

    For example, let’s say Frank is a 40-year-old nonsmoker in excellent health who is looking for a 20-year, $500,000 policy.

    With Allstate, he is likely to be offered a Preferred Plus rate of $45 per month.

    With many other insurance providers, however, he is likely to be offered rates that are up to 30 percent cheaper than Allstate’s.

    Will Allstate give you the best rate?

    Will Allstate or some other company like North American, Nationwide, Progressive or Primerica get you the best deal? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…

    Compare Quotes

    Use our online instant calculator to compare rates from dozens of the top companies.

    Total Time Needed: 5 minutes
    Total Cost: 0 USD

    Required Tools:

    - A Computer.
    - Internet Connection.

    Things Needed?

    - A pen
    - A piece of paper

    Steps to get an accurate quote

    Use the calculator on this page or click the link above to visit our instant quotes page.
    Step 2 : Input coverage details
    Fill out the basics about what you’re wanting, how much coverage, for how long, etc. That way we can understand your situation before we can help you. Complete the calculator details as accurately as possible, and be absolutely sure your contact information is correct so we can reach you.
    Step 3 : Get help from a licensed agent
    Once you’ve filled out the calculator, one of our licensed agents will  provide you all your options and plan out who will provide you the best rate based on your specific health and goals. All of the recommendations will be based off of the details you provide. It’s very important that you're honest and answer your agent's questions accurately. 
    Step 4 : Compare realistic rates
    This is where we really begin working to figure out exactly which company will get you the best rate, and how to make it happen. There are literally hundreds of companies and thousands of policy options available. We'll make sure you get the best one based on what you'll qualify for.

    Allstate Company Details

    Name(s): Allstate Life Insurance Company; Allstate Life Insurance Company of New York; Allstate Corporation; American Heritage Life Insurance Company; Allstate Property and Casualty Insurance Company


    2775 Sanders Road
    Northbrook, Illinois 60062

    Phone: 847-402-5000

    Ratings:  A.M. Best (A+) Standard & Poor’s (A+) Fitch (N/A) Moody’s (A1)

    So, What is the Best Life Insurance Company For Me?

    It is important to keep in mind that life insurance policies are made to fit the individual, and while there are always general similarities between rates and coverage terms, what works for one Allstate customer may not necessarily work for you.

    For example, if you are looking for cheaper rates, it is probably wise to take your business elsewhere. 


    You should always use a licensed and independent agent. You need to compare quotes across multiple companies to ensure you get the best pricing. You can do this right with the quote tool on our website. If life insurance with Allstate is cheaper, you’ll find out immediately by comparing rates on our website.

    If you’re not sure where to begin, give us a call. Our agents provide a free, no-pressure, educational approach to life insurance. We’ll compare dozens of the top companies in minutes to show you your most affordable options.

    Be sure to check out other reviews, like our GEICO, Mass Mutual and State Farm reviews, and see how they compare.

    Thank you for reading our post, Allstate Term Life Insurance Review. Please leave a comment or question below.

    Allstate Term Life Insurance Review

    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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