Allstate Launches Consumer-Driven Life Insurance Product with Monthly Payout

NORTHBROOK, Ill., Sept. 26, 2018 /PRNewswire/ — As a part of its broader mission to offer consumer-driven and innovative insurance products and services, Allstate is introducing Monthly Income Term, a new life insurance policy that pays out like a monthly paycheck should a loved one pass away. Monthly Income Term was designed to be simple to understand and will help people think differently about life insurance. Instead of a lump sum payment found in most standard life insurance policies, a monthly benefit makes it easier for families on a budget to protect their families and standard of living.