New York Residents Offered Annual Insurance Check-Ups From Allstate

Posted by  //  September 20, 2013  //  Allstate, Articles

Do You Need Life Insurance? If So, What Kind and How Much?

As part of September’s Life Insurance Awareness Month, Allstate agents and exclusive financial specialists are offering complimentary insurance check-ups to help you assess whether you’ve adequately protected your most important assets – you and your loved ones.

“Many of our customers say they need life insurance but don’t take action – they just don’t know where to start. We can help walk you through the decision,” said Jaclyn Darrohn, Allstate Regional Spokesperson in New York. “Life insurance can protect you and your family in many ways. The insurance’s death benefit can help fund college tuition or the mortgage, cover unpaid medical bills and funeral expenses, or replace your income.”

Life insurance has become more affordable over the years. In addition, different types of life insurance can be tailored to individual budgets and needs. Term life insurance lasts for a specified period – somewhat like a lease on an apartment – and allows you to pay premiums for a given number of years of protection. At the end of the term, you can choose to renew at a new rate, discontinue protection or select a new policy. Alternatively, permanent life insurance can be considered to be more like owning a home. Permanent life insurance provides insurance throughout your life and accumulates cash value over time – like the equity in your home – assuming you make regular premium payments and avoid loans, withdrawals or surrenders.

An Allstate life insurance check-up will review your current situation, potential needs and current insurance coverage, and help you determine if you need life insurance, how much, what type and how it can fit into your budget.

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