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Your premium will depend upon how much insurance coverage you need, your age, and if you are a smoker or non-smoker.
Premiums for your policy are collected through a convenient payroll
deduction system, so you don’t have to write and mail monthly checks
for your premium.
The interest credited to the fund value of your plan is
guaranteed never to fall below 4.5% and Allstate Workplace Division
makes a quarterly declaration of current interest rates which could be
higher. If any portion of your fund value is used for securing a loan,
the 4.5% guaranteed interest rate is credited to the secured portion of
the fund value. You will receive an annual report to help you keep
track of the current fund value of your policy. The annual report also
itemizes premium payments credited and expense charges.
Yes. Adding to Regular Premium payments without increasing the
face amount are excellent ways to increase fund value, provided you
don’t exceed premium limits set by IRS regulation. The increased fund
value from your added premiums will also earn tax-deferred interest.
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