Insurance Products
Life Insurance

Why do I need this insurance?	What are my coverage options?
What should I consider?	What about discounts and savings?
How do I choose the right company?	How can I get a quote?

What are my coverage options?

Broadly, you have two types of coverage options: Pure Life Insurance or savings through Fixed Annuities.

Pure Life Insurance
The most common types of pure life insurance are:

• Term insurance 
  Term life insurance provides protection for a specified period of time. If the death of the insured person occurs within the time limits of the policy, the death benefit will be payed to the beneficiary.  No benefits are paid if the insured person is still alive at the end of the covered term. Term insurance does not generate cash values.  For this reason,
  term insurance is one of the simplest types of life insurance policies available today and is usually the least expensive means of protection.
• Permanent insurance
  Unlike term insurance, permanent life insurance has no specified term, subject to policy conditions. A permanent life policy calls for premiums to be paid for as long as the insured lives.
  A permanent life policy accumulates cash value.
  If the insured dies, the death benefit is payable (subject to policy terms). If the policy is surrendered before the insured dies, the cash value is payable (minus any outstanding loans). Loans may be made from the insurance company against the cash value of the policy at a rate guaranteed in the policy as security. The maximum loan rate guaranteed in the policy may be much lower than that available from a bank.Regardless of where the loan is secured, if the insured dies prior to the loan being repaid, the amount of the loan and any interest due must be repaid from the death-benefit amount.

At Allstate Life Insurance Company, you can choose from two types of pure life insurance:

• Level Best Gold and Platinum Term Insurance: This term insurance provides affordable, basic insurance protection for a specific period of time. If death occurs within the time limits of the policy, the face amount of the policy is payable (subject to policy limits). This policy also has renewal or conversion options. A renewable term life policy permits the owner of the policy to automatically extend the policy length regardless of the health or occupation of the insured, with a possible increase in premiums at renewal. A convertible term life policy permits the owner to change the insurance (at an adjusted premium rate) into a whole life or other permanent life insurance policy regardless of the health or occupation of the insured.

• Elite Index Universal Life: This permanent insurance allows you to vary the amount and timing of your premium payments (subject to satisfying policy premium minimums to keep the policy in force), plus increase or decrease the death benefit (subject to underwriting for an increase and policy minimums for a decrease). With both permanent and universal life insurance your policy accumulates cash value. Generally, universal life insurance policies allow you to borrow a portion of your cash value (subject to policy loan interest rate, within policy limits and sufficient cash to maintain coverage).

Level Best Gold and Platinum Term Insurance

Consider this insurance if:

• You're price sensitive when it comes to life insurance.                     
• You value pure insurance protection and are not looking to use it as a savings vehicle.                     
• You have a need for varying term coverage.

Features:

• Coverage amounts from $100,000 (Gold) to $500,000 and up (Platinum)                  
• Multiple term coverage offerings for 10, 15, 20 or 30 years                   
• Competitive rates, minimum monthly premium as low as $14.88 per month for $100,000 of coverage*                   
• Convertible to permanent coverage (Level Best Gold)                  
• Guaranteed premiums and coverage 

Elite Index Universal Life

Consider this insurance if:

• You have concerns about your retirement savings.                      
• You want a life insurance policy to last your lifetime.*                      
• You have a moderate risk tolerance as an investor.                      
• You want the flexibility of varying the amount of your premium payment.

Features:

• Flexible Premium Permanent Life Insurance
  Permanent insurance that allows the insured to fluctuate premium payments based upon cash value existing in the policy. Subject to satisfying premium payment requirements.
• Fixed and Indexed crediting rate options
  Under federal law, guidelines are defined for policies to maintain status as life insurance under the Internal Revenue Code. This law puts a cap on total payments to the contract and provides a minimum relationship of death benefit to cash value.
• Guaranteed interest rateIndexed rate is tied to the S&P 500 and is subject to a 30% Participation Rate and 3% Cap.

Universal Life Insurance:
A life insurance policy designed as a permanent policy, but different from traditional policies in that:

1. It allows the policy owner to vary the amount and timing of premium payments (subject to satisfying policy premium minimums to maintain the policy), plus increase or decrease the death benefit (subject to underwriting for an increase).
2. Cash values accumulate based on premium payments.  
3. Monthly deductions are subtracted from this fund for expenses and cost of insurance. Interest is then added to this fund. In some cases the interest rates to be credited are declared by the company and vary from time to time.
4. Under federal law, guidelines are defined for policies to maintain status as life insurance under the Internal Revenue Code. This law puts a cap on total payments to the contract and provides a minimum relationship of death benefit to cash value.

Accumulate Cash Value:

• Cash value generally accumulates at a currently competitive interest rate. There's also a guaranteed minimum interest rate. Under the current law, the growth of your cash value is income tax deferred.
• Universal life policies allow you to borrow a portion of your cash value (within policy limits, subject to policy loan interest rate, and if sufficient cash value exists to maintain coverage) for any reason to help cover major expenses such as emergencies, a down payment for a new home, college costs, or retirement.

  Optional Features:

1. Additional Insured Rider The Additional Insured Rider provides additional term insurance for your spouse at the same rates you enjoy under Allstate Level Best Gold or Platinum.  It remains in force as long as you continue the coverage or until your spouse reaches age 95, if earlier.  It can be converted to permanent coverage regardless of your spouse's health at the time.  The rider can also be taken out for another close family member, such as a parent, sibling, child, or grandchild.  Only one Additional Insured Rider may be added per policy.
2. Children's Level Best Rider  The Children’s Level Term Rider gives you insurance on eligible children which can be converted to five times that amount in permanent coverage when the child reaches age 22*, regardless of their health at that time.  This coverage will be paid up automatically to age 22 if the insured parent dies while the rider is in force.  This is a great way to insure your children now, and enable them to increase their insurance when they’re adults – a valuable option should your child become health challenged.
   *Age 24 in Vermont
3. Waiver of Charges If the insured is disabled prior to a certain age, this will pay the minimum premiums required to keep the policy in force
4. Accelerated Death BenefitThe Accelerated Death Benefit* is available at no cost with your policy.  It can pay partial benefits early if you should suffer a terminal illness that will result in death within 12 months of diagnosis (up to 50% of policy benefits, or $250,000 if less).  We offer this benefit so you and your family can benefit from your policy while you're still living.
   *Coverage not available in all states.

Savings through Fixed Annuities
With an *annuity, benefits are paid while you, as the insured person, are alive rather than after death. An annuity can offer you that extra income security and provide a retirement nest egg.

• A Fixed Annuity from Allstate Life Insurance Company offers the power of a **tax deferral and an ***income stream you can't outlive.

Choose from a variety of other annuity products including:

• Single Premium Deferred Annuity This type of annuity is purchased with a single premium and is paid out at some future date, depending on contract requirements. Allstate Life Insurance offers the:
  
  Elite Index Annuity* (not available in New York and some other states)
  This annuity accumulates interest on an income tax deferred basis and is tied to the S&P 500 Index.** Interest rates are calculated based on changes in the S&P 500 Index. It’s a single premium deferred annuity for either qualified or non-qualified dollars with a minimum premium of $2,000.  The Roth IRA is available with the Elite Index Annuity (not available in New York and some other states).

• Flexible Premium Deferred Annuity This type of annuity is initially purchased with a single premium, but you have the ability to make additional contributions in the future. The annuity is paid out at some future date, depending on contract requirements. Allstate Life Insurance Company (in New York, Allstate Life Insurance Company of New York) offers the Advantage Plus Annuity, which has a minimum purchase premium of $2,000. This product allows for additional contributions of as little as $50. The Advantage Plus Annuity also credits an additional interest rate for the first 12 months of each contribution and a tiered interest rate for initial contributions of $25,000 or more. Non-qualified and qualified contributions, including the Roth IRA, are offered with the Advantage Plus Annuity.
• Single Premium Immediate Annuity This annuity is for someone who wants immediate pay out. It requires a minimum premium of $5,000.
  Lump sum pension rollovers can be used to fund immediate annuities. This annuity begins paying income to the owner immediately, unless the owner elects to have the first payment deferred up to one year.

Choosing your coverages will depend on your specific needs, desires and circumstances. If you've decided on term life coverage, you're ready to for a Needs Analysis Worksheet.  But if you want more information on other coverage options, contact your local Allstate agent.

*An annuity is a formal contract, issued by an insurance company, under which the contract owner pays a premium and in exchange, the insurance company promises to make a series of periodic payments to the contract owner on specified dates. Typically the contract owner receives interest on the premiums.

**If you were to fund the fixed annuity with IRA money, the principal and interest earned would not be taxable until you withdraw the money. If you were to fund the fixed annuity with the money that has already been taxed, the interest earned would not be taxable until you withdraw the interest.

***As an annuity contract owner, you're entitled to a series of payments, on a periodic basis, based upon the premium you've paid, plus the interest your premium has earned. This payment stream will be calculated to ensure you a lifetime of payments. Should you die prior to the end of these payments, the remaining sum will be paid directly to your designated beneficiaries.

Products are subject to availability and qualifications.  Other terms, conditions and exclusions may apply, including limitations and exclusions that may affect continuation of coverage.  For complete details including costs, please contact an Allstate agent for a Needs Analysis Worksheet.