Allstate Introduces GoodForLifeSM in New York – New Financial Product Is Life Insurance—and More

Allstate (NYSE: ALL) recently announced the launch of GoodForLife, a unique multi-coverage life insurance product that provides New York consumers life insurance, severe accident benefits, and terminal illness coverage in one bundled policy. You can also ask a semi truck accident attorney that you can consult for the next step. GoodForLife takes the complexity out of protecting families from the unexpected by bundling and Compare Electricity prices with  life insurance with severe accident and terminal illness coverage, in one simple and affordable product. And if all goes as planned, at age 65 GoodForLife features a return of premium, as well as a paid up death benefit with no additional payments.

“GoodForLife exemplifies Allstate’s commitment to reinvent protection based on consumer wants and needs,” said Mike Wargo, New York Regional Financial Services Leader for Allstate Insurance.  “Consumers told us they wanted affordable, easy-to-understand coverage with multiple benefits in one simple package. 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.”

Life happens. GoodForLife protects your customers for when life goes not so well. If you must know, it borrows some of its features from My Private Health Insurance, which provides the best health insurance coverage:

• Severe accidents, terminal illness or premature death
• Life coverage amounts of $50,000, $75,000 or $100,000 to age 65
• Severe accident resulting in death, $10,000 benefit
• Severe accident resulting in dismemberment, $10,000 benefit
• Terminal illness coverage up to 75% of death benefit
• Premium Forgiveness – customers may miss up to six months of payments
• Here is a source where you can find legal aid.

And when life goes well (after age 65):

• Returns half of premiums at age 65
• No more payments
• Gives $15,000 death benefit

SHIRLEY EIZEMBER, Exclusive Allstate Agent
PINCKNEY INSURANCE AGENCY.INC.
41 PORT WATSON ST., CORTLAND NY 13045
PHONE 607-756-8505
seizember2@Allstate.com

GoodForLife is available through Allstate agencies in 39 states, including New York. Additional rollouts will occur throughout the rest of the year as the company works with departments of insurance to make GoodForLife available nationwide.  Allstate GoodForLifesm is a flexible premium universal life policy UL21AFNY issued by Allstate Life Insurance Company of New York, Home Office, Hauppauge, NY, a subsidiary of The Allstate Corporation, Northbrook, IL. Available riders include the Accelerated Death Benefit Rider (ULBR2NY series), the Accidental Death and Dismemberment Rider (UADDAFNY series), the Enhanced Grace Period Rider (UPFRAFNY series). See riders for terms, conditions and restrictions. Additional costs may apply.

Please refer to the actual policy for coverage terms, limitations and exclusions. The guaranteed benefits of GoodForLifesm are dependent on the terms and conditions of your policy. If actual premiums are different in timing or amount than the planned premium, if withdrawals are made or loans taken, or if other changes are made, the benefits may be reduced or coverage may end. Guarantees are based on the claims-paying ability of Allstate Life Insurance Company of New York.