Allstate Life Insurance Review

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Contributor, Benzinga
August 9, 2021

If you already rely on Allstate for your Auto or Homeowners policy, why not look into adding your life insurance under the same insurer? Allstate is a trusted company with multiple offices across every state nationwide. Getting coverage is easy with their easy online process.

 

Best For
  • Easy online access
  • Multiple policy options
  • Multiple offices in states nationwide
Pros
  • Available in all 50 states
  • Multiple optional individual coverage choices
Cons
  • Possibly higher premium

Allstate Life Insurance Ratings at a Glance

Coverage Options
Allstate Customer Service Rating
Customer Pricing
Allstate Mobile App
Allstate User Benefits
User Experience
Overall Rating

Allstate Life Insurance Coverage Options

Allstate offers multiple life insurance policy options for customers, including term, universal life, whole life and variable universal life. Benzinga offers an overall platform rating of 4.5 because Allstate has all of the basics but not too many extras.

Term Life Insurance from Allstate

Term life insurance covers only a set period of your life, between about 10 and 40 years. It often has the lowest premium and has a tax-free death benefit paid to your beneficiary if you pass away while the policy is active.

Universal Life Insurance

Universal life insurance policies from Allstate last the entirety of your life and offer multiple cash accumulation options from which you can choose. 

Whole Life Insurance Coverage

Whole life insurance coverage from Allstate provides coverage for your entire life, offers the most guarantees, has a fixed premium and offers a death benefit.

Variable Universal Life Insurance Coverage

A variable universal life insurance policy has flexible options for the cash value of the policy and flexibility in the death benefit paid to your beneficiaries.

Allstate Customer Service Rating

Allstate’s website has dozens of FAQs that provide answers to almost everything you need to know. The Allstate app is easy to use and can provide you access to customer service representatives at the click of a button. Or, you can send an email or a tweet to interact with reps. There’s also a phone number to call for assistance. The only downside is that Allstate offers no live chat feature. Benzinga rates Allstate’s customer service 4.5 out of 5 stars.

Allstate Life Insurance Customer Pricing

Pricing depends on a lot of factors, including the state where you reside and its laws, your personal situation, your age, the term and the type of policy you pick. There’s still a possibility to get a great deal with the premium. Benzinga rates customer pricing 4.5 out of 5 stars because of Allstate’s A+ credit rating. Allstate offers multiple discounts, which can help lower your premium.

Allstate Mobile App

The Allstate mobile app is easy on the eyes and lets you do everything you need to do. Even if you aren’t an Allstate customer yet, you can still use the help center, create an account and find an agent using the app. Because of all these features, and ease of use, Benzinga rates the mobile app experience 5 out of 5 stars.

Allstate User Benefits

Allstate offers a slew of user benefits that make it a popular choice for not only life insurance but also automotive and homeowners insurance coverage. Life insurance alone has multiple options in term, whole, universal and universal variable life insurance.

The Allstate website is easy to use and has a lot of extra info that can help you determine the life insurance policy that meets your needs. On its website, you will find plenty of tools and resources at your disposal for life insurance and other policy options. The website also allows you to file claims when necessary.

The app from Allstate is also easy for any user, and it doesn’t matter if you are a customer or not. The app looks great and only takes a couple of clicks to access your account or the information you require.

If you haven’t noticed already, Allstate agents are everywhere you turn. The company has offices in all 50 states. It’s not difficult to find an Allstate agent who can answer all your life insurance questions or help you file a claim.

Another customer benefit of having your life insurance policy with Allstate is that the company offers multiple discounts. You can bundle all your insurance policies into 1 account for a discount, receive a price reduction for the amount of time you’ve been a customer, pay less if you continue coverage and more.

User Experience

Allstate, despite the high number of complaints to state agencies, is still an excellent option for life insurance. Depending on where you live, the policy you choose and your individual situation, the premium could be costly. However, you might also find a very affordable rate. Allstate isn’t for everyone, but for those who are customers, Benzinga gives the user experience a rating of 5 out of 5 stars.

Allstate vs. Competitors

Allstate stands out from its competitors in more ways than one, including the fact that its agents can be found anywhere in all 50 states. On top of coverage available in the United States, you can acquire auto insurance coverage in Mexico.

Allstate also has pet insurance, which has become more popular in recent years. If you have a pet, it might be a good idea to explore pet insurance from Allstate if you are looking at life insurance for yourself.

Again, the Allstate website has a ton of information, even just on the life insurance page. If you have questions about its life insurance policies, check out its expansive FAQ page.

Allstate Life Insurance Overall Rating

All things considered, Benzinga gives Allstate Life Insurance a 4.5 out of 5 stars for an overall rating. Allstate receives 4.5 stars from Benzinga because of the following:

  • The website and app provide a ton of information.
  • Allstate has multiple options for life insurance.
  • Policyholders can depend on excellent customer service and an expansive FAQ section.

Frequently Asked Questions

Q

Is Allstate good for life insurance?

A

Yes, Allstate is good for life insurance no matter the situation you are in or where you live. Allstate has an A+ rating at AM Best and the company ranks at number 11 in the country with U.S. News and World Report.

Q

What is a good rate for life insurance?

A

There’s no set answer because the rates for life insurance vary depending on the type of plan you choose, the style of coverage and the carrier you pick. When looking for life insurance, be sure to take into account your budget and the type of life insurance you require.

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Methodology

Benzinga crafted a specific methodology to rank life insurance. To see a comprehensive breakdown of our methodology, please visit our Life Insurance Methodology page.