Allstate GoodForLife℠
Money Back at Age 65 Varies by Age and Tobacco Use…
GoodForLife℠ is the latest multi-coverage life insurance product offered by Allstate. The coverage benefits consumers in the event of sickness, accident, or death, but oddly enough, when consumers live a long life too.
The GoodForLife program simplifies the buying insurance by bundling severe accident, life, and critical illness benefits into one affordable package. Another benefit to policy holders of the GoodForLife℠ plan is that at age 65, a return of the premium and paid up death benefit is received with no additional payments.
GoodForLife℠ Bundles Life, Accident & Critical Illness Insurance Coverage
“GoodForLife℠ exemplifies Allstate’s commitment to reinvent protection based on consumer wants and needs,” said Matt Winter, president and chief executive officer of Allstate Financial. “Consumers told us they wanted affordable, easy-to-understand coverage with multiple benefits. They also asked us why companies don’t reward those who maintain good health throughout their life. This product is the direct result of those conversations.”
Allstate GoodForLife℠ benefits include:
Coverage amounts available in three different amounts:
Life coverage to age 65; $50,000, $75,000, or $100,000
After age 65, life coverage of $15,000; no more premium payments
Protection against the unexpected:
Critical Illness & Severe Accident Coverage, $10,000 benefit
Terminal Illness coverage up to 75% of death benefit
Fewer financial worries. Premium Forgiveness – customers may miss up to 6 months of payments by accumulating a premium credit in each of the first six policy years
At age 65, a return of at least 50% of premiums paid (money back at age 65 varies by age and tobacco use)
Consumers can purchase GoodForLife℠ insurance through Allstate agencies in 13 different states. Plans to expand GoodForLife℠ are in the works and the company plans to make the plan nationwide over the next several months.
Guaranteed benefits of GoodForLife℠ are subject to the specific terms and conditions of each policy issued. Guarantees are based on the claims-paying ability of American Heritage Life Insurance Company, a wholly-owned subsidiary of Allstate Life Insurance Company.
Related Information
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Tags: Allstate, Allstate Financial, Allstate Life Insurance Company, American Heritage Life Insurance Company, GoodForLife℠, Matt Winter
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