Life insurance pays out money to the designated beneficiary in the event of your death. Purchasing a life insurance policy can give your loved ones financial security. There are numerous varieties of life insurance coverage. Some have a predetermined length of time, such as term life insurance. Others might give lifetime protection along with additional savings or investing features. Allstate offers life insurance and pays benefits if you need to make a claim. In this post, we’ll tell you the steps you need to follow to file a life insurance claim with Allstate.
Allstate Life Insurance coverage
Allstate offers both term and permanent life insurance. The sort of coverage you select as a customer depends on a variety of things, including the duration of your coverage and the goals you have for it. You may use the company’s LifeTrek tool to determine your personal optimal range. The main types of life insurance that Allstate offers are shown below.
1. Term life insurance
Allstate offers life insurance policies with 10- to 40-year terms and coverage limits ranging from $25,000 to $1 million. Some firms permit insured persons to change term insurance to a full or permanent life policy. But in order to be eligible for new life insurance, the insured would need to submit a fresh application and medical test. A term life insurance policy’s coverage is suspended when it expires.
2. Universal life insurance
The premium payment schedule and death benefit of this policy are both rather flexible and may last a lifetime. Each policy’s cash value component is invested directly in the stock market through subaccounts. Some buyers take money out while they’re still alive according to a predetermined schedule for things like retirement or other investing needs. If an insurance policy is appropriately paid, coverage may last a lifetime.
3. Whole life insurance
Allstate is one of the few insurance companies that offer permanent life insurance with a fixed benefit. Many whole life insurance plans have waiting periods. In short, if you die away during the first two years, the insurance company could compensate your beneficiaries for the premiums they’ve paid. The amount of whole life insurance that Allstate provides varies.
4. Universal variable life insurance
Universal variable life insurance includes an investment component and builds cash value. The premium payment schedule and death benefit of this policy are both rather flexible and if the insurance policy is appropriately paid, coverage may last a lifetime. Some buyers take money out while they’re still alive according to a predetermined schedule for things like retirement or other investing needs.
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Information to have on Hand
You must have certain information available before you start the life insurance claim filing procedure with Allstate since it will be necessary.
- Insured person’s full name and nickname (if any)
- Date of birth
- State of residence
- Life insurance policy number (if known)
- Date and cause of death
- Name of person reporting the claim, and his/her relationship to the deceased
- Daytime and evening phone numbers
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How to File an Allstate Life Insurance Claim
The steps involved in filing a life insurance claim with Allstate are discussed below:
1. Contact the insurance company or agent
Ask for the agent you worked with if you can recall their name. They ought to be able to describe how they go about making a claim.
2. Get copies of the death certificate
Make sure the funeral director provides you with certified copies of death certificates. These certified copies are what you’ll need to access financial accounts, cancel subscriptions, and contact utility companies to switch off services.
3. Fill out the paperwork and send it in
After the notification of death has been received, the agent of record will contact the beneficiary of the policy. Necessary forms (death certificate, W-9, etc.) will be filed, and the status of the claim will be provided.
4. Specify how you want to be paid
Some insurance companies will pay in a lump sum, but there may be other options. You’ll need to tell the company your preference.
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Allstate Life Insurance Cost
Allstate life insurance premiums can vary significantly depending on the type of protection chosen. Term life insurance policies are more reasonable because the duration of the coverage is shorter. However, converting your term policy will result in higher premiums based on the variables, making the entire cost higher.
Also, the length of time the insured desires to keep term coverage increases the cost of the life insurance policy. For instance, a 30-year term policy will be more expensive than one that is only good for 10 years. Permanent life insurance policies cost more in general with some notable benefits that cannot be ignored.
Ways to File a Life Insurance Claim With Allstate
Allstate suggests that you submit the claim in person with an agent after first obtaining a copy of the policyholder’s death certificate and life insurance policy. Call the toll-free number provided by Allstate to file and follow up on your claim over the phone.
Claim Phone Number
Allstate life insurance customers can also file a claim by calling 1-800-366-3495.
Allstate Life Insurance Email Address
In addition, you can fill out and email a life insurance claim form to [email protected]
Filing Allstate Life Insurance Claims via Mobile App.
Allstate mobile app helps you manage your insurance and banking accounts with ease. You can get roadside assistance, file claims, and more. You may download the Allstate app from Google Play or Apple Store.
Filing Allstate Life Insurance Claim via Website
If you are an Allstate customer, you can file a claim through its website at Allstate.com. All you need to do is sign up for an online account and access a dashboard that includes details on your policies. You can file a claim for life insurance, auto insurance, homeowners insurance, and other Allstate policies.