Allstate Life Insurance

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About Allstate Life Insurance Company

General/claims:(800)255-7828
Corporate Headquarters2775 Sanders Rd,
Northbrook, IL 60062
General correspondenceAllstate Insurance Company
P.O. Box 660598
Dallas, TX 75266-0598

Website: allstate.com

About Allstate

Allstate launched during the Great Depression by selling auto insurance policies. By the end of 1931, its first year in business, it had 4,317 auto policies in force. Initially, Allstate sold its auto insurance products through mail-order business and through Sears department stores. Interesting fact: Allstate got its name from Sears’ tire brand.

In the 1950s, after experiencing rapid growth, Allstate expanded sales to include other forms of insurance, such as homeowners, personal theft and residential fire. In 1957, it added even more offerings through life insurance, which included term and permanent life. Its well-known slogan – “You’re in Good Hands with Allstate” – was popularized in the 1950s.

In 2021, due to a lack of sales growth in Allstate’s Life and Annuity business, Allstate Life Insurance company (ALIC) was sold to Blackstone Insurance Group for proceeds that totaled $4 billion. Allstate agents continue to provide life insurance through third-party partners or providers.

Allstate life insurance coverages

  • Term life
  • Universal life
  • Whole life

Allstate Insurance Options:

  • Flexible length of term life insurance
  • Flexible payment plans
  • Option to convert term to permanent life insurance
  • Ability to take out loans or withdrawals on the cash value of a universal policy
  • Accidental death benefit
  • Multi-policy discount

What other types of insurance does Allstate offer?

  • Auto
  • Business
  • Device
  • Pet
  • Event
  • Travel
  • Phone protection
  • Flood
  • Landlord
  • Retirement and investments
  • Voluntary employee benefits
  • Home
  • Auto
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