Lincoln Benefit Life Insurance
Lincoln Benefit Life Insurance is pretty simple. If you have Lincoln Benefit Life Insurance and you pass away, your beneficiaries receive a cash benefit.
They can use this for just about anything—paying off debts, replacing income that you're no longer providing and of course, medical and funeral expenses.
Now that you understand life insurance, let's take a look at two basic kinds of Lincoln Benefit Life Insurance. Here's each of them in a nutshell:
Term Lincoln Benefit Life Insurance: This Lincoln Benefit Life Insurance coverage lasts for a "term" you choose, usually 10, 15, 20, or 30 years. During that time, your premiums are guaranteed not to increase. If you pass away during that time period, your beneficiaries get a cash death benefit. If you live longer than the term period, you have the option to continue coverage for an annual, renewable premium, which is generally much higher. You can usually convert a term policy to a permanent one without getting a new medical exam.
Permanent Lincoln Benefit Life Insurance:There are two big ways that Allstate permanent life insurance is different from term. First, the policy is meant to last the rest of your life (as long as you make the required premium payments, of course). Second, part of the money you pay in is set aside in an account where it can grow cash value that you can tap into later on. There are several types of permanent life insurance, each with different advantages.
Variable Lincoln Benefit Life Insurance:Allstate's variable universal life insurance products are long-term investments designed to provide Allsatte 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
Elizabeth Gonzales at (713) 472-6254 for more information. Please read the product prospectuses carefully before purchasing a policy or sending money.
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