Allstate has updated its True Term life insurance product in an attempt to provide more customization and flexibility for customers.
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."
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access