Allstate Ins. offers more than just auto insurance.
In fact, Allstate
also offers health insurance and identity theft insurance, but this
article is going to focus primarily on Allstate annuities and life insurance.
These are a couple of their other options you may find beneficial, and many people are completely unaware of their availability when they are purchasing their car insurance from Allstate.
Allstate annuities are products that help people invest their retirement money.
The benefit of investing in annuities is that they make sure that you have a steady stream of income, even when the market goes down.
Another "plus" is that you don’t pay taxes on the money until you receive your earnings from your funds.
There are a variety of Allstate annuities in which you can invest. Let's take a look at what's available at the time of this writing.
They include...
Fixed annuities
give customers a guaranteed rate of return and allow people to take a
out certain amount of money early tax-free for a year. They are
particularly good if meet any of the following criteria.
Variable annuities have different criteria and benefits to consider.
Immediate annuities
allow you to receive money in a year, instead of making you wait for a
long time. You can also decide how often you would like to receive
payments (every 1 year, 5 years, 10 years, the rest of your life at set
intervals, or the rest of your life and your beneficiary’s life.)
They're especially good if you need money even as soon as a month after
you invest it.
Equity-indexed annuities are good if
you want to get money quickly when the market is up; likewise, they will
still pay you a minimum even when the market goes down.
Similarly, market-value-adjusted annuities
allow you to divide your money into many pieces within the same
annuity. Each section has its own interest rate. This way, you only
need to take out the portion with the lowest interest rate, so the rest
of it can continue to grow.
All in all, Allstate annuities are good for people...
Allstate Life Insurance Company is another division of Allstate
Insurance. Have you considered a type of insurance that allows you to
make sure that your beneficiaries receive cash benefits if something
happens to you?
Life insurance can make sure your kids have
enough money for college and that a dependent spouse will have income if
you are deceased. You can even leave money to grandchildren.
In fact, entrepreneurs can use life insurance to safeguard their
businesses. There are two types of life insurance — term life insurance
and permanent life insurance.
Term life insurance
lasts for a certain amount of time (typically 10, 15, or 30 years).
Beneficiaries will not pay tax on any monies they receive from this
policy.
During this time, your premiums will not increase.
After the time period, it is usually best to convert to a permanent
life insurance policy.
Permanent life insurance can be broken into four different types:
Whole life insurance
makes sure that you pay a consistent premium for the rest of your life.
You will be able to increase your cash flow at a constant rate, as
well as be able to borrow from it in loan-interest rate form.
Universal Life
is a more flexible form of life insurance. If you have built up cash
value in your policy, then you decide when and how often you pay. Just
make sure you have enough to cover your premiums. Also, you can change
your death benefit (within limits). Just be prepared for medical exams
if and when you do this.
Variable Universal Life
allows you to invest your premiums. However, you do need to be
careful if the cash value decreases. The death benefit is always safe.
Finally, Equity-indexed Life Insurance is invested in a market index, such as the S&P 500. Your policy will decide the maximum and minimum values in advance.
As
you can see, Allstate Ins. has a variety of financial packages to help
you plan for your future. Whether you need annuities or life insurance,
be sure to check out Allstate Ins. when shopping around.
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