Updated October 2026
Key Takeaway
Allstate critical illness insurance is a workplace, limited-benefit plan issued by American Heritage Life Insurance Company that pays a cash lump sum for covered conditions such as invasive cancer, heart attack and stroke. The Standard bought that business on April 1, 2025, so new and existing certificates are now serviced under The Standard name.
2027 by the Numbers
April 1, 2025
The Standard closed its purchase of the Allstate Benefits business (The Standard)
A (Excellent)
AM Best rating for American Heritage Life after the sale (AM Best, May 2025)
25%
share paid for carcinoma in situ in the Allstate Benefits brochures we reviewed
If you signed up for critical illness coverage at work under the Allstate Benefits name, your plan has not gone away, but the company behind it has changed hands. Allstate sold its employer voluntary benefits business, built around American Heritage Life Insurance Company, to The Standard.
This page explains what those certificates pay, how two different Allstate plan designs compare, what the ownership change means for people who already have coverage, and whether Allstate still sells anything you can buy on your own. For a general overview of the product type, read our critical illness insurance guide. Like every policy we cover, this is supplemental coverage that pays cash on top of your health plan. It does not replace health insurance.




