Life Stage: Starting a Family
You never thought you'd be married to the person of your dreams and living life to the fullest so soon! Not to mention the two little bundles of joy you just welcomed to the world six months ago. Who ever thought the two of you could create a picture-perfect life. Now that you have a family to care for, financial security is even more important. In the event of your death, your income goes away. Your spouse takes on parenting alone and all the financial responsibilities you leave behind: mortgage; daily living expenses; education; music lessons; and the list goes on... Even if you have a group life insurance plan through your employer, sometimes it's just not enough. Most Americans are underinsured, and unfortunately, the family members they leave behind can suffer not only emotionally but financially from the loss of a loved one. This reality can be overwhelming—but it doesn't have to be. Start protecting the ones you love with life insurance. Starting the process to help protect your loved ones can be simpler and more affordable than you think. Once your family is protected with life insurance, you can get back to the other important things in life: bar-b-ques, soccer games, and relaxation.
Take a few minutes to educate yourself about life insurance. There are two types of life insurance:
Term Life Insurance—affordable 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 Starting a Family, term life insurance can be a good choice because it is generally affordable—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.