Life Stage: Retiring Soon
You did it! In a few years you will be retiring. Now's a good time to start thinking about finally doing all the things you dreamed about. The future is looking great—not to mention, your last mortgage payment is coming in 12 months. Why would you need life insurance? If something happened to you, resulting in you no longer being here, would your spouse be able to manage the finances or pay for burial expenses? If you have a life insurance policy through your employer, it may not be enough. If you haven't done so, you may want to think about life insurance. Life insurance is a simple way to help protect the ones you love. It's another way to ensure that your spouse has the financial protection she/he needs.
Take a few minutes to educate yourself about how life insurance can help you protect the ones you love. There are two types of life insurance:
Term Life Insurance—life insurance that offers a variety of terms to meet your needs. Term life insurance is a simple way to help protect the ones you love. When you're Retiring Soon, term life insurance can be a good choice because it is generally the most affordable option—ideal for you if you have a limited budget. One of the great things about some term life insurance policies is that you can convert it to a permanent life insurance policy when you have more flexibility in your budget.
Permanent Life Insurance—designed to last a lifetime, helps provide the financial security you want and has cash value benefits you need.
Is life insurance affordable? Yes, it can be. See for yourself. Get a term life quote. Or, if you're thinking about permanent life insurance, start by contacting an Allstate financial professional for a complimentary, no obligation, life insurance needs analysis. It's a quick way to start your path to protecting what matters most. To prepare you for your visit with an Allstate financial professional, we've provided this helpful Life Insurance Needs worksheet to give you a general sense of how much life insurance you need.
Life Insurance Tools and Resources
Calculator- How much life insurance do you need? Use this simple calculator to get an idea.
Article- Facts about Life Insurance. There are a lot of half-truths and rumors about life insurance. Get the facts.
Resource- The (Life & Health Insurance Foundation for Education) LIFE Foundation is another resource to learn more about life insurance.
Quote- Get a Term Life Insurance Quote Today
Variable universal life insurance products are long-term investments designed to provide life insurance protection and flexibility in connection with premium payments and death benefits. You should carefully consider the investment objectives, risks, charges and expenses of the investment alternatives before purchasing a policy or investing money. Variable universal life insurance policies have limitations and are sold by prospectus only. The prospectus contains details on the investment alternatives, policy features, the underlying portfolios, fees, charges, expenses and other pertinent information. To obtain a replacement prospectus or a copy of the underlying portfolio prospectuses, please contact your Allstate Personal Financial Representative, or call Allstate Life Insurance Company at 800-203-0068 for more information. Please read the product prospectuses carefully before purchasing a policy or sending money.
ALLSTATE LIFE INSURANCE COMPANY (ALIC), HOME OFFICE, NORTHBROOK, IL. ALIC IS NOT LICENSED IN AND DOES NOT DO ANY INSURANCE BUSINESS IN NEW YORK. IN NEW YORK, ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK, HAUPPAUGE, NY.
The Life and Health Insurance Foundation for Education is a nonprofit organization dedicated to helping consumers make smart insurance decisions to safeguard their families' financial futures.