Life Product Comparison Guide

Transcription

1 LIFE INSURANCE Life Product Comparison Guide n Allstate Basic Term SM n Allstate TrueFit n Allstate Tribute n Advantage n Allstate Bridge UL n Allstate Lifetime UL n Allstate FutureBuilder UL n Allstate FutureGrowth IUL n Allstate FutureVest VUL SM For Broker-Dealer or Agent Use Only Not for public dissemination. May not be distributed, reprinted or shown to the public in oral, written or electronic form as sales material.

2 Life insurance can help in so many ways n Provide income that will help financially protect customers and their families n Help make sure a customer s family could stay in their home n Cover college expenses or pay off education debts n Leave a financial legacy free of federal income tax for beneficiaries n Provide for aging parents or children with special needs n Cover final expenses Life insurance can also offer many other benefits that you might not have considered, such as n Meet a wide variety of unexpected small business needs n Help guarantee future insurability for children n Protection against rising health expenses n Access to Living Benefits while customers are still alive There is no such thing as one size fits all in life insurance, but it is the cornerstone to helping protect a customer s family and financial future.

3 Life : An important piece of a plan for the future. As customers go through each stage of their life, their priorities and life goals change. To help ensure that at every stage of life they are moving closer to achieving their life goals, they need a plan to secure their financial future. One of the cornerstones of a sound plan can be life insurance. Life insurance can help them protect their assets and the people who rely on them financially. The chart below reflects how life insurance fits into a strong plan that will help them build and protect the financial security and the lifestyle they ve worked so hard to create for their family. The four financial priorities of a good plan Building a plan from the bottom up MAKE IT LAST Estate Retirement Planning Income Other PRESERVE Umbrella Liability Gifting Long Term Care ACCUMULATE AND GROW Savings - Checking Accounts - Savings Accounts - Money Markets Investments - Annuities - Mutual Funds - IRAs - Stocks & Bonds - Employee Retirement Plans PROTECT YOUR FOUNDATION Health Auto Homeowners/ Property Disability Income Life Emergency Fund Wills/ Trusts

4 Life Side-by-Side Comparison Allstate Basic Term SM Simplified Issue 15-Year Level Term Allstate TrueFit Term Life to Age 95 Allstate Tribute Advantage Allstate Bridge UL AAC and ALIC Conversion or LBL Exchange only Allstate Lifetime UL Adjustable Life Allstate FutureBuilder UL Adjustable Life Allstate FutureGrowth IUL Adjustable Indexed Life Allstate FutureVest VUL SM Variable Universal Life Underwriting Class Allstate Non-Tobacco Basic Non-Tobacco Allstate Tobacco Basic Tobacco Preferred (P) Standard Smoker (SM) Preferred (P) Allstate Non-Tobacco Basic Non-Tobacco Allstate Tobacco Basic Tobacco SSL SNS 0-85 SS Allstate Basic Term Conversion: All Classes Preferred Non-Smoker (PNS) Standard Non-Smoker (SNS) Issue Ages Simplified UW Only Exceptions: Issue ages are different for the state of Washington. Please see accessallstate.com for more information : Simplified UW 46-90: Full UW P L SNT Max Face Amount Min Face Amount Bands $50,000 $100,000 $150,000 Charges and Fees $150,000 Company Discretion $50,000 Company Discretion Company Discretion Company Discretion Company Discretion Company Discretion Company Discretion $50,000 Base Policy $200,000 Ages (UW exceptions allowed down to $50,000 for rated cases) $50,000 ages 46+ PTR: $50,000 Three face amount options only N/A $50,000 $99,999 $200,000 $499,999 $500,000 $999,999 $1,000,000 and above $75 annually The Policy Fee is non-commissionable. $10,000 $25,000 age 0-17 $50,000 age $10,000-$24,999 $25,000-$50,000 $100 annually The Policy Fee is commissionable. $25,000-49,999 (Available for Juveniles only) $50,000-$99,999 $100,000-$199,999 $200,000-$499,999 $500,000-$999,999 $1,000,000-$1,999,999 $2,000,000-$4,999,999 $5,000,000 and above $100 annually The Policy Fee is commissionable $10,000 $25,000 (WA Only) $50,000 (Converting from Allstate Basic Term Only) $10,000-$49,999 $50,000-$99,999 $100,000-$199,999 Years 1-20: 5% Years 21+: 0% $10.00 (current) $10.00 (max) Charges: Flat amount per $1,000 of face amount; varies by age, sex, class and face amount band; applies during the first 20 years. Period COI Tables. $100,000 age $50,000 age 61+ $50,000 $199,999 $200,000 $499,999 $500,000 $5,000,000 $5,000,001 and above 6% of all premiums in all years $8.50 (current) $10.00 (max) Administrative Expense Charges: Flat amount per $1,000 of face amount varies by age, sex, class and face amount band applies during the first six years. Guaranteed: 2001 CSO ALB, M/F/U, N/S Current: 25-Year Select and Ultimate Period COI Tables $50,000 $100,000 $100,000 $50,000 $99,999 Years 1-20: 5% Years 21+: 0% $10.00 (current) $15.00 (max) Charges: Flat amount per $1,000 of face amount varies by age, sex, class and face amount band applies during the first twenty years. Current: 25-Year Select and Ultimate Period COI Tables 6.50% of all premiums in all years $11.00 (current) $15.00 (max) Charges: Per $1,000 of face amount during the first 20 years, and for 20 years from the effective date of any face amount increase. Policy Value Charge: 0.05% per month, 0.6% annually (current) 0.08% per month, 0.96% annually (max) Period COI Tables $200, % of all premiums in all years $11.00 (current) $15.00 (guaranteed) Charge: Years 1-30: Monthly per $1,000 of Face Amount charge on the first $100,000 of face amount, plus an additional monthly per $1,000 of Face Amount charge on Face Amount in excess of $100,000 Years 31+: Zero M&E Charges: Years 1-10: 0.70% (current) 0.85% (guaranteed) Years 11+: 0.30% (current) 0.45% (guaranteed) Guaranteed: 2017 CSO ALB, M/F/U, N/S Period COI Tables Separate Account Expense: Varies by subaccount. Please see prospectus for more details. Surrender Charge Period N/A N/A N/A N/A 19 years 19 years 19 years 19 years 10 years Partial Withdrawals N/A N/A N/A Allowed from PUAs or accumulation fund from Excess Credits or from Paid-Up Rider. Withdrawals from base policy are not allowed. Service fee is calculated as the lesser of 2% withdrawn or $25.. Loans N/A N/A All loans: 8% Min. loan amount: $250 Greater of 5% or the adjustable loan interest rate, which is based on the maximum of the Moody s Corporate Bond Yield Average All loans: 5% (1% net cost) Guaranteed Interest Rate Death Benefit Guarantees Death Benefit Options Riders N/A N/A N/A Bond Yield Average 2% min in all policy years 0.50% persistency bonus beginning in policy year 10, if the current interest rate is higher than the minimum N/A N/A Guaranteed for insured s lifetime as long as premiums are paid on time. Guaranteed for insured s lifetime as long as premiums are paid on time. 0-75, Safety Net Period: 10 years 76+, Safety Net Period: 5 years N/A N/A N/A N/A Rider Conversion Privilege Counter Offer Process Rider Accidental Death Benefit Rider Customization Options (max of 5 PTR layers can be added to the base policy) Monthly recurring credit card payment mode available Rider (WOP is not available on new sales. WOP is only available for term conversion situations where contractually required.) Non-Forfeiture Options Monthly recurring credit card payment mode available Rider - Rider -Chronic Illness Paid-Up Rider Excess Credit Options Automatic Premium Loan (APL) Non-forfeiture Options Additional Payment Options (Single Pay, 10 Pay, 20 Pay, etc.) Accelerated Death Benefit Rider Waiver of Monthly Deduction Rider 3% min in all policy years 0.50% persistency bonus beginning in policy year 15, if the current interest rate is higher than the minimum 0-80, Safety Net Period: 5 years 0-75 Safety Net Period: 10 years Designed to allow customers to 76+ Safety Net Period: 5 years choose and change the guarantee period and payment pattern that best suits their needs. Guarantee periods are available up to the lifetime of the insured. Permanent Confinement Coverage Protection Rider Liquidity Guarantee Rider 2% min in all years 2% minimum annually on fixed account Rider Chronic Illness 0-75 Safety Net Period: 10 years 76+ Safety Net Period: 5 years Option 2: Face amount + the greater of policy value or cumulative guaranteed value Chronic Illness Additional Insured Term Rider 2% annually on fixed accounts No guarantee on variable subaccounts Issue Age 0-60: 20 Years Issue Age 61-75: to age 80 Issue Age 76+: 5 years Chronic Illness Performance tied to performance of variable subaccounts.

5 Allstate Basic Term SM is a term life policy issued by Allstate Life Company, 3075 Sanders Rd., Northbrook, IL with contract series number LU10987 and rider series LU Allstate TrueFit is a term life insurance to age 95 policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL and is available in most states with contract series ICC14AC1/AC14-1 and rider series ICC14AC2/AC14-2, ICC14AC3/AC14-3, ICC14AC12/AC14-26, ICC14AC11/ AC14-24, ICC14AC10/AC14-11, ICC14AC13/AC Allstate Tribute is a whole life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL and is available in most states with contract series ICC15AC1/AC15-1 and rider series ICC15AC2/AC15-2; ICC15AC3/AC15-3; ICC15AC4/AC15-4. Advantage is a whole life insurance policy issued by Allstate Life Company, 3075 Sanders Rd., Northbrook IL and is available in most states with contract series LU11040/ICC12A1 and rider series LU11045/ICC12A6, LU11043/ICC12A4, LU11041/ICC12A2, LU11042/ ICC12A3, LU11051/ICC12A11, LU11044/ICC12A5, LU11048/ICC12A9, LU11046/ICC12A7. Allstate Bridge UL is a flexible premium universal life insurance policy issued by Allstate Life Company, 3075 Sanders Rd, Northbrook IL and is available in most states with contract series ICC12-AF1/LU11007 and rider series ICC12-AF7/LU11013, ICC12-AF2/LU11008, ICC12-AF6/ LU11012, ICC12-AF5/LU11011, and ICC12-AF3/LU Allstate Lifetime UL is a flexible premium universal life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL and is available in most states with contract series AC13-12 and rider series AC13-13, AC13-14, AC13-19, AC13-20, AC13-17, AC13-16, AC Allstate FutureBuilder UL is a flexible premium universal life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL and is available in most states with contract series ICC14AC14/AC14-5 and rider series ICC14AC18/AC14-10, ICC14AC17/AC14-18, ICC14AC16/ AC14-17, ICC14AC21/AC14-6, ICC14AC23/AC14-16, IC14AC15/AC14-15, ACC14AC19/AC14-8, ICC14AC20/AC14-9, ICC14AC22/AC14-7. Allstate FutureGrowth IUL is a flexible premium indexed universal life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd., Northbrook IL and is available in most states with contract series ICC14AC27/AC14-19 and rider series ICC14AC23/AC14-16, ICC14AC15/ AC14-15, ICC14AC16/AC14-17, ICC14AC17/AC14-18, ICC14AC18/AC14-10, ICC14AC19/AC14-8, ICC14AC31/AC14-23, ICC14AC29/AC14-21, ICC14AC28/ AC14-20, ICC14AC30/AC Allstate FutureVest VUL SM is a flexible premium variable adjustable life insurance policy issued by Allstate Assurance Company, 3075 Sanders Rd, Northbrook, IL and is available in most states with contract series ICC16AC3/AC16-2 and rider series ICC14AC16/AC14-17, ICC14AC15/AC14-15, ICC14AC23/AC14-16, ICC14AC17/AC14-18, ICC14AC18/AC14-10, ICC14AC19/AC14-8, and ICC14AC20/AC14-9. Policy issuance is subject to availability and qualifications. These policies have exclusions, limitations, and terms that may affect coverage, renewal, cancellation, termination, or other contractual rights and benefits. Guarantees offered are subject to the claims-paying ability of the issuing company. Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker- Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th Street, Lincoln, NE Check the background of this firm on FINRA s BrokerCheck website: brokercheck.finra.org. For Broker-Dealer or Agent Use Only Not for public dissemination. May not be distributed, reprinted or shown to the public in oral, written or electronic form as sales material Allstate Company. All rights reserved. ALR /17