True Term life insurance is now designed to enable customers to choose any coverage period from 10 to 30 years. In addition, you can choose up to five optional "layers" of protection. The purpose of the layers is to provide opportunities to expand coverage while customers feel they are most likely to need it, and decrease coverage during periods when customers feel they have less need for life insurance.
"Life insurance needs vary with your age, the ages of your children and your financial plans," said Don Civgin, president and CEO of Allstate Financial. "If you can anticipate some of those needs, you no longer need to overbuy life insurance coverage."
