Allstate, Northbrook, Ill., has announced the launch of GoodForLife, a multi-coverage life insurance product that provides consumers a benefit, not only in the event of sickness, accident or death, but also when consumers enjoy a long life.
GoodForLife takes the complexity out of protecting families from the unexpected by bundling life insurance with severe accident and critical illness benefits 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.
Allstate GoodForLife benefits include:
- Coverage amounts available in three different amounts:
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- 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:
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- 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 six 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 will vary by age and tobacco use.)
For more information, visit www.allstate.com.
