Let us Answer your Life Insurance Questions

How Do I Name a Beneficiary for My Insurance?

The application form has you list the name and relationship of the person you select as your beneficiary. You may change your beneficiary as often as you would like, provided you have not named an irrevocable beneficiary.

Will My Present Group Insurance and Other Benefits Be Affected by Enrolling in This Plan?

No, the benefits available through Allstate are voluntary permanent policies that you own. They add to your State group benefit platform. However, they are portable, allowing you to keep them when you retire or change employers with no increase in cost or reduction in benefits. They do not affect your other benefits in any way.

Can I Change the Face Amount of My Plan if My Insurance Needs Change?

Yes. You may increase your face amount at any time (after 12 months) with proper evidence of insurability.

Will My Insurance Be Increased Along With My Salary?

Unlike group term life insurance plans that may increase automatically, this plan remains the same unless you apply for an increase or choose to add a future purchase option rider that increases your specified amount each year (up to 5 years) by increasing your premium $1 per week.

What is Fund Value?

Fund Value is the term used to describe the cash portion of your policy. Most of the fund value also is available to policy owners in the form of policy loans. While this money accumulates over time, it can be used to offset future premium costs.