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Allstate Life Insurance
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By Insure.com
Last updated June 16, 2009 |
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About Allstate Life
Insurance Company
Allstate Life was organized in 1957 as a stock life insurance company
under the laws of the State of Illinois. Allstate Life, together with
its subsidiaries, provides life insurance, retirement and investment
products for individual and institutional customers. It conducts
substantially all of its operations directly or through wholly owned
United States subsidiaries. Allstate Life is a wholly owned subsidiary
of Allstate Insurance Company, a stock property-liability insurance
company organized under the laws of the State of Illinois. All of the
outstanding stock of Allstate Insurance Company is owned by Allstate
Insurance Holdings, LLC, which is wholly owned by The Allstate
Corporation, a publicly owned holding company incorporated under the
laws of the State of Delaware.
Wiki Says
The current advertising campaign, in use since 2004, asks, "Are you in
good hands?" Allstate Corporation sponsors various sporting events,
including the Allstate Sugar Bowl, the Allstate 400 at the Brickyard
NASCAR race and the United States Olympic Committee.
Allstate Life Insurance Says
Allstate Life Insurance Company offers two kinds of life insurance:
term life and permanent life. Term life coverage lasts for a term
chosen by the insured, usually 10, 15, 20 or 30 years. During that
time, the insured's life insurance premiums are guaranteed not to
increase. If they pass away during that time period, their
beneficiaries get a cash death benefit. If they live longer than the
term period, they have the option to continue their life insurance
coverage for an annual, renewable premium, which is generally much
higher.
Permanent life is different from term life in two ways. First, the
policy is meant to last the insured the rest of their life. Second,
part of the money paid into the policy is set aside in an account where
it can grow cash value that can be tapped into later.
Contact Allstate Life Insurance Company at:
Allstate Life Insurance Company
2775 Sanders Road
Northbrook, IL 60062
Telephone: (800) ALLSTATE
Sources: Allstate
Newsroom; "Allstate,” Wikipedia, June 2009; “Life Insurance Options,”
Allstate Life web site, 2009, “Allstate Life Insurance Company,” A.M.
Best Web site, October 2008
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