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Allstate Workplace Division (AWD) Universal Life Insurance (UL10P)
Affordable Premiums
You select the coverage that best fits your budget and needs. You can
start building your own life insurance policy for as little as $3 per week.
Valuable Life Insurance Protection
This policy assures that the money will be there when it is needed
most. It provides a death benefit upon death to your beneficiaries income tax
free.
Fund Values Accumulate Tax-Deferred
The fund value in your policy grows on a tax-deferred basis at
current competitive interest rates, which are guaranteed never to fall below
4.5%.
Policy Loans
You can borrow against your policy up to the loan value.
Your Entire Family Can Be Protected
Coverage is available for you, your spouse and your children. They
are eligible to apply even if you choose not to apply for yourself.
Flexible
Your policy coverage can be adjusted to fit changing needs.
Annual Report
Each year, shortly after your policy anniversary date, you will
receive an annual report showing all your policy transactions, benefits and
expenses. You'll know exactly how much your policy is worth as of each policy
anniversary.
Portable
This policy is not group life insurance. It's available on an
individual basis to supplement - not replace - any group insurance. It's a
portable benefit that you can keep if you change jobs or retire as long as
premiums are paid to the company.
Convenient Payroll Deduction
Paying premiums through payroll deduction is easy. No bills to watch
for...no checks to write...nothing to mail.
Easy To Apply For
Answer the few questions on the application.
HOW MUCH INSURANCE DO I NEED?
There is no magic formula to answer this question. However, you may want to
consider a simple guideline to get a quick reading on your life insurance needs.
Life insurance equal to five times your annual income will help keep your
family’s standard of living consistent with how you live now. Life insurance
equal to ten times your annual income will more accurately account for your
future earning potential.
See worksheet.
Your AWD agent can help you determine the amount of insurance protection you
need and provide you our Life Insurance worksheet to help you with this
decision.
Allstate Workplace Division is the marketing name used by American Heritage Life
Insurance Company, a wholly-owned subsidiary of The Allstate Corporation.
Life insurance benefits provided by policy UL10P or state variation thereof.
This brochure highlights some policy features but is not the insurance contract.
Only the actual policy provisions control. The policy itself sets forth, in
detail, the rights and obligations of both the insured and the insurance
company. The policy is underwritten by American Heritage Life Insurance Company.
The policy has exclusions and limitations.
