Allstate Unveils Whole Life Insurance Product [Professional Services Close – Up]

Allstate and industry consumer data show that about four out of 10 Americans don't have life insurance yet experts believe many of these people should invest in a life insurance policy to protect their families from significant financial hardship if they die.

"Our goal is to make it easier for Allstate customers to determine their insurance needs and which policy is right for them," said Don Civgin, president and chief executive officer, Allstate Financial. "Allstate agents and exclusive financial specialists tell us there's a growing demand for life insurance as part of a family's long-term financial plan. That's why we've expanded our life insurance offerings to include a new permanent insurance policy, Allstate Whole Life Advantage."

According to a release, Allstate Whole Life Advantage features include:

- A death benefit that never goes down. As long as premiums are paid2, customers are guaranteed to receive the death benefit.

- Cash value that is guaranteed to go up regardless of market conditions. 2 The cash value accumulates in an Allstate Whole Life Advantage policy. For this reason, whole life insurance often is part of a family's long-term financial plan.

- Premium payments that never go up. In fact, premiums may decrease and may not be required under certain conditions.

In addition, this product includes the option for customers to earn more potential value through excess credits, similar to dividends. Those excess credits can 1) be used to purchase paid-up additions, 2) reduce premium payments, 3) provide cash back, 4) accumulate at interest, or 5) pay down policy debt. Allstate Whole Life Advantage will be offered initially in 47 states.

The Allstate Corp. is a publicly held personal lines insurer.

More Information:

www.myallstatefinancial.com/life-insurance.aspx

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