Allstate Insurance Company
Allstate Insurance Company is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
As the country's largest publicly held personal lines insurer, the Allstate Corporation has become a household name since its founding back in 1931. Although the notion of Allstate term life insurance may seem more obscure to the average consumer than the company's ubiquitous auto insurance options, the company's offerings are vast, having only started with a single product that was promoted and sold by mail.
Based in Northbrook, Illinois, Allstate was the initial brainchild of one General Robert E. Wood, who was President and Board Chairman of Sears at the time. Despite the dour circumstances of the Great Depression and the systematic manner in which major businesses were being closed, General Wood took heed of a comrade's advice to integrate an auto insurance company into Sears and to sell policies by mail. Wood trusted the exponential growth of the automobile industry as it entered the American mainstream, and saw that offering insurance policies was akin to striking while the iron was hot.
General Wood managed to launch his enterprise on April 17, 1931 with a fiscal start up of $700,000 and the moniker Allstate, which had been one of the tire brands carried by Sears. The original notion of selling the product by mail would eventually give way to agent representation, and Allstate standardized the practice of adjusting rates based on variables such as age and mileage. Revolutionizing the auto insurance industry was only the tip of the iceberg, though. In 1952, the company ventured into personal liability insurance, and in the present day, the slogan "You're in good hands with Allstate," no longer applies solely to auto insurance policies. The company's products are numerous, encompassing property, health, and life insurance.
Allstate term life insurance is notable as it allows an individual to purchase security at a lower cost; the policy covers only a predetermined time line (10, 20, or 30 years) and the amount of time is up to the policyholder as is the value of the policy. In the event that the policyholder dies before the end of the established term, the designated beneficiary then stands to acquire a lump-sum, tax-free payment. And in the case that a person wants to convert from a term life insurance policy to a permanent one, this can be done so without a secondary medical exam.
Allstate's insurance might be an option for those who desire a cost effective policy, for young couples with dependents, or for persons who are seeking a supplement to an already established life insurance policy.
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Allstate Insurance Company is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
As the country's largest publicly held personal lines insurer, the Allstate Corporation has become a household name since its founding back in 1931. Although the notion of Allstate term life insurance may seem more obscure to the average consumer than the company's ubiquitous auto insurance options, the company's offerings are vast, having only started with a single product that was promoted and sold by mail.
Based in Northbrook, Illinois, Allstate was the initial brainchild of one General Robert E. Wood, who was President and Board Chairman of Sears at the time. Despite the dour circumstances of the Great Depression and the systematic manner in which major businesses were being closed, General Wood took heed of a comrade's advice to integrate an auto insurance company into Sears and to sell policies by mail. Wood trusted the exponential growth of the automobile industry as it entered the American mainstream, and saw that offering insurance policies was akin to striking while the iron was hot.
General Wood managed to launch his enterprise on April 17, 1931 with a fiscal start up of $700,000 and the moniker Allstate, which had been one of the tire brands carried by Sears. The original notion of selling the product by mail would eventually give way to agent representation, and Allstate standardized the practice of adjusting rates based on variables such as age and mileage. Revolutionizing the auto insurance industry was only the tip of the iceberg, though. In 1952, the company ventured into personal liability insurance, and in the present day, the slogan "You're in good hands with Allstate," no longer applies solely to auto insurance policies. The company's products are numerous, encompassing property, health, and life insurance.
Allstate term life insurance is notable as it allows an individual to purchase security at a lower cost; the policy covers only a predetermined time line (10, 20, or 30 years) and the amount of time is up to the policyholder as is the value of the policy. In the event that the policyholder dies before the end of the established term, the designated beneficiary then stands to acquire a lump-sum, tax-free payment. And in the case that a person wants to convert from a term life insurance policy to a permanent one, this can be done so without a secondary medical exam.
Allstate's insurance might be an option for those who desire a cost effective policy, for young couples with dependents, or for persons who are seeking a supplement to an already established life insurance policy.
