Allstate Insurance

New Life Insurance Option for New York Consumers

Posted by  //  June 23, 2014  //  Allstate, Articles

Allstate Whole Life AdvantageSM Offers Guaranteed Death Benefits, Cash Values and Premiums1

Allstate has introduced a whole life product in New York to meet its customers’ need for a guaranteed death benefit as part of their families’ long-term financial plan.

“Allstate Whole Life AdvantageSM is a whole life product that rounds out Allstate’s permanent and term life insurance offerings,” said Heather Dougherty, Regional Financial Sales Leader in New York. “Our recent studies have shown that some of our customers want the guaranteed death benefit, cash value and premiums that can be offered through whole life insurance, and now we can help them with an Allstate product.”

Allstate Whole Life Advantage features include:

  • A death benefit that never goes down. As long as premiums are paid, customers are guaranteed to receive the death benefit.
  • Cash value that is guaranteed to go up regardless of market conditions.1 The cash value accumulates in an Allstate Whole Life Advantage policy. For this reason, whole life insurance often is part of a family’s long-term financial plan. In addition, you can Get Life insurance quotes at Affordable Life USA.
  • Premium payments that never go up. In fact, premiums may decrease and may not be required under certain conditions.

In addition, this product includes the option for customers to earn more potential value through excess credits, similar to dividends. Those excess credits can 1) be used to purchase paid-up additions, 2) reduce premium payments, 3) provide cash back, 4) accumulate at interest, or 5) pay down policy debt.

General information about life insurance can be found online at

1All guarantees are subject to the claims-paying ability of the issuing insurance company.

Allstate Whole Life AdvantageSM is a whole life insurance policy issued by Allstate Life Insurance Company of New York, Home Office: Hauppauge, NY, a wholly-owned subsidiary of Allstate Life Insurance Company, Home Office: Northbrook, IL. Allstate Whole Life Advantage is available with series NYLU796. It may be accompanied by the following riders: Primary Insured Term (NYLU801), Additional Insured Term (NYLU799), Paid-Up Insurance (NYLU797), Children’s Level Term (NYLU697), Waiver of Premium (NYLU699), and Guaranteed Insurability (NYLU800). Allstate Life Insurance Company is not responsible, as parent, for the contractual or financial obligations of Allstate Life Insurance Company of New York

Guarantees offered are subject to the claims-paying ability of the issuing company.

About Allstate

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via, and 1-800 Allstate®, and are widely known through the slogan “You’re In Good Hands With Allstate®.” In 2013, $29 million was given by The Allstate Foundation, Allstate, its employees and agency owners to support local communities. Allstate employees and agency owners donated 200,000 hours of service across the country.

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