Truefit Life Insurance: Your Ultimate Financial Safety Net

Allstate's TrueFit term life insurance policy is a flexible option that allows policyholders to add targeted layers of life insurance protection based on their financial situation. This means that coverage can be specifically allocated to various needs, such as education expenses, mortgage payoff, and income replacement. The policy offers the flexibility to add options that maximise coverage for the entire family, the ability to lower premium costs as needs change, and a good fit that remains within budget. TrueFit policies can be set at any specific timeframe between 10 and 30 years, and several riders are available to assist in customising the policy.

Allstate TrueFit Term Life Insurance allows you to layer coverages with a single policy

Allstate TrueFit Term Life Insurance is a unique offering that allows you to layer coverages with a single policy. This means that you can match your coverage needs over different periods of time with just one policy, rather than having to purchase multiple term policies of varying lengths and amounts. This feature provides a convenient and cost-effective solution for individuals who want to ensure they have the right level of coverage in place at different stages of their life.

With the Allstate TrueFit Term Life Insurance policy, you can set the timeframe for your coverage anywhere between 10 and 30 years, giving you the flexibility to choose the period that best suits your needs. This type of policy is ideal for those who want to ensure their loved ones are financially protected in the event of their death during a specific period, such as while they have dependents or until their mortgage is paid off.

One of the key benefits of the Allstate TrueFit policy is its ability to adapt to changing circumstances. For example, if you take out a 15-year policy and then have children, you can extend the coverage for another 15 years to ensure your children are provided for until they become adults. Similarly, if your circumstances change and you no longer require the same level of coverage, you can reduce the coverage period accordingly.

The Allstate TrueFit Term Life Insurance policy also offers several riders, or add-ons, that allow you to further customize your coverage. These riders can include a child term rider, which provides coverage for dependent children, or a waiver of premium rider, which allows you to pause premium payments under certain circumstances, such as in the event of total disability.

Overall, the Allstate TrueFit Term Life Insurance policy provides a flexible and comprehensive solution for individuals seeking to layer their coverages under a single policy. By offering the ability to set specific timeframes and customize coverage with riders, this policy helps ensure that individuals and their loved ones have the financial protection they need during different stages of their lives.

TrueFit policies can be set at any time frame between 10 and 30 years

TrueFit Term Life Insurance is a type of life insurance policy offered by Allstate. It allows you to use a single policy to layer your coverages, meaning you can match your coverage needs over different time spans. This is usually only possible by purchasing multiple term policies of different lengths and amounts.

TrueFit policies can be set at any specific time frame between 10 and 30 years. This flexibility is a significant advantage, as it enables you to customise your policy according to your unique requirements. Whether you need coverage for a shorter duration of 10 years or prefer a more extended period of 30 years, TrueFit can accommodate your needs.

The ability to set the timeframe for your TrueFit policy gives you control over your financial planning. For example, you may opt for a shorter timeframe if you're seeking coverage until a specific event, such as paying off your mortgage or until your children become financially independent. On the other hand, a longer timeframe may be preferable if you want more comprehensive coverage for a more extended period.

Additionally, TrueFit policies offer the convenience of layering coverages, eliminating the need to manage multiple policies. This feature streamlines your insurance portfolio, making it easier to maintain and oversee.

The customisability of TrueFit policies ensures that you can tailor your insurance plan to align with your life stage, financial obligations, and future goals. By selecting the appropriate timeframe, you can ensure that your coverage remains relevant and adequate for your specific circumstances.

In summary, the ability to set TrueFit policies between 10 and 30 years provides a level of adaptability that caters to diverse life insurance needs. This feature, combined with the layering of coverages, makes TrueFit Term Life Insurance an attractive option for individuals seeking flexible and tailored coverage.

You must be at least 18 years old to buy a TrueFit policy

Life insurance is an important financial decision that can provide peace of mind and security for individuals and their loved ones. When it comes to purchasing a life insurance policy, it is essential to consider various factors, including age. In the context of the Allstate TrueFit Term Life Insurance policy, there is a minimum age requirement that prospective policyholders must meet. Specifically, individuals must be at least 18 years old to buy a TrueFit policy.

This age requirement is a standard provision in the life insurance industry and is consistent with the legal age of adulthood in many countries. The rationale behind this criterion is to ensure that individuals have reached a level of maturity and financial responsibility before making long-term commitments, such as purchasing life insurance. By setting the minimum age at 18 years, insurance providers can also manage their risk exposure and ensure that policyholders have a reasonable life expectancy.

It is worth noting that the minimum age requirement for life insurance policies can vary depending on the insurance provider and the specific product offered. Some companies may offer life insurance options for minors, typically in the form of riders or add-ons to an existing policy held by a parent or guardian. These policies are often designed to provide financial protection in the unfortunate event of a child's death, covering final expenses and offering support to the family.

When considering life insurance, it is crucial to review the eligibility criteria specified by the insurance company. While age is a fundamental factor, other aspects, such as health, lifestyle, and gender, can also influence an individual's ability to obtain coverage. Insurance providers typically assess these factors to determine the level of risk associated with providing coverage and to set the corresponding premium rates.

In conclusion, the requirement to be at least 18 years old to purchase a TrueFit policy aligns with industry standards and legal considerations. Prospective policyholders should carefully review the terms and conditions of any life insurance product, ensuring they meet the eligibility criteria and fully understand the coverage offered. By doing so, individuals can make informed decisions about their financial planning and ensure they have the necessary protection for themselves and their loved ones.

TrueFit policies have several riders available to assist in customisation

TrueFit Term Life Insurance is a type of life insurance offered by Allstate. TrueFit policies have several riders available to assist in customisation. Riders are endorsements that add coverage to your policy, allowing you to customise it to meet your specific needs.

Some of the riders available with TrueFit policies include:

• Child term rider: This rider adds term coverage for dependent children, usually covering all dependent children under a certain age. It often offers the option to convert the term coverage to a permanent policy when the child becomes an adult.
• Waiver of premium rider: This rider allows you to pause premium payments under certain circumstances, such as in the event of total disability after a waiting period.
• Accidental death benefit rider: This rider pays additional amounts to beneficiaries if the insured dies due to an accident. Terms and conditions typically apply to this type of rider.
• Terminal illness rider: Also known as an accelerated death benefit rider, this rider provides access to a portion of the death benefit while the insured is still living if they are diagnosed with a terminal illness that is expected to result in death within a certain timeframe (usually 12 to 24 months).
• Chronic illness rider: This rider allows the insured to access a portion of the death benefit before their death if they are diagnosed with a chronic illness that limits their ability to perform daily activities.

These riders provide flexibility and allow individuals to tailor their TrueFit Term Life Insurance policy to their unique needs and circumstances. Riders enhance the customisation of the policy, ensuring that it provides the necessary coverage for the policyholder and their beneficiaries.

TrueFit Term Life Insurance is underwritten by John Hancock, Lincoln Financial and Protective Life

Protective Life offers term life insurance with coverage periods ranging from 10 to 40 years. Their policies are designed to be affordable, with rates typically below the competition. They also provide the option to convert to a permanent policy without a medical exam if your needs change. Protective Life has a long history, dating back to 1907, and is known for its financial stability and commitment to serving its customers and communities.

Lincoln Financial, another underwriter for TrueFit Term Life Insurance, completes the trio of reputable companies backing this insurance product. While specific details about their term life insurance offerings were not readily available, it's safe to assume they adhere to industry standards and provide competitive offerings.

By partnering with these established and trusted insurance providers, TrueFit Term Life Insurance offers customers a range of options, flexibility, and peace of mind, knowing their families will be taken care of in the event of their passing.

Frequently asked questions