Allstate vs State Farm Life Insurance

  • YEAR FOUNDED
    1931
  • CURRENT CEO
    Tom Wilson
  • AVAILABLE
    43 States
  • ADDRESS
    "Allstate Insurance Company P.O. Box 660598 Dallas, TX 75266-0598"
  • TOP AWARDS

    N/A

  • PROS
    • Nationwide network of agents
    • Great website
    • Option for no exam
  • CONS
    • Claims process.
    • No app for easily managing your policy.
    • High premiums.
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
SOURCEAllstateState Farm
JD PowerN/A5/5
BBBN/AA-
AM BestA+A++
Moody'sA1Aa1
FitchN/AN/A
Standard & PoorA+AA
Comdex Score8698
SOURCEAllstateState Farm
Total Assets$104.7 billion$160.732 billion
Life Insurance in ForceN/A$901.7 billion
AllstateState Farm
Whole Life InsuranceSelect Term 10, 20, 30
Universal life insuranceReturn of Premium 20, 30
Variable universal life insuranceMortgage Life 15, 30
Indexed universal life insuranceWhole Life
Term life insuranceLimited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
AllstateState Farm
Bridge ULSelect Term 10, 20, 30
Lifetime ULReturn of Premium 20, 30
Future Builder ULMortgage Life 15, 30
Future Growth IULWhole Life
FutureVest VULLimited Pay 10, 15, 20
Whole Life TributeSingle Premium Life
Whole Life AdvantageUniversal Life
Basic Term LifeSurvivorship Universal Life
TrueFit Term LifeJoint Universal Life
AllstateState Farm
Accelerated death benefit. N/A
Accidental death benefit.
Children term insurance.
Waiver of premium.
Overloan protection.
Estate liquidity.
Additional insured.
Liquidity guarantee.
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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