Page 24 - SMOTW College Flipbook

Term Life Insurance

from Allstate Benefits

Affordable rates are payroll
deducted Provides your beneficiary a lump-sum cash benefit when you die

CHOOSE USE CLAIM
You choose the death You’re in an auto accident Your beneficiary files a
benefit to protect your and rushed to the hospital. claim. The death benefit
loved ones should you die Doctors try to save you, but is paid directly to your
unexpectedly you pass away beneficiary

A death not only leaves behind loved ones, but can also leave overwhelming Key Features
financial obligations. And, if you’re like most people, you don’t have enough • Choose a coverage amount that
life insurance to keep your family afloat if an unexpected death occurs. Give is the greater of $10,000 or an
yourself and your loved ones a gift of love – put yourself in Good Hands with amount purchased by $2.00 per
coverage from Allstate Benefits. week (minus any riders selected)
• Only Individual coverage is
available for the term life policy;
50%+ say additional living Almost 70% say required
expenses, such as Internet, cable cost-of-living expenses are however, spouse and child(ren)
and cell phone costs prevent them keeping them from buying can be covered through the
from purchasing life insurance. 1 some or more life insurance. 1 addition of riders
• 24-hour coverage that pays in
Without a Term Life Insurance policy, your family may have to tap into their savings, addition to any benefit already
retirement, or 401k to help cover final expenses and everyday living expenses, should provided by your employer or
a breadwinner die unexpectedly. This product is renewable every 20 years until age 70. other life coverage
• Conversion available before age 65
Here’s How It Works
You choose the coverage that’s right for you and your family. With planning, the death • Tax-free death benefit paid
benefit can pass to your beneficiaries free from state or federal estate taxes. Consult directly to your designated
beneficiary*
with your tax advisor for specific information. Then, when life comes to an end, your
beneficiary will receive a tax-free death benefit that can be used to help pay for funeral See reverse for plan details
expenses, mortgage payments and more.
With Allstate Benefits, you gain peace of mind knowing your loved ones will receive a
financial safety net when you die – think of it as your final gift of love.

Are you in Good Hands? You can be.

1 Facts from LIMRA, September 2014, Life Insurance Awareness Month
* With proper planning, the death benefit can pass to your beneficiaries free from state or
federal estate taxes. Please consult with your tax advisor for specific information.

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