The Allstate Life Group of Companies, a business unit of The Allstate Corp., has been renamed “Allstate Financial.” The name reflects an expansion of traditional life insurance products to include savings and investment products, as well as an enhanced role for 2,500 of Allstate’s 13,000 exclusive agents who are already licensed to provide personal financial products and mutual funds.
“We haven’t just changed our name; we’ve changed our business,” said Tom Wilson, president of Allstate Financial. “We’ve moved beyond traditional life insurance to include financial products and services to help Americans achieve a secure financial future.”
In addition to Allstate exclusive agents, Allstate Financial products are distributed through nearly 50,000 financial professionals including independent agents, bank representatives and securities firms. Wilson outlined several initiatives underway at Allstate Financial to build on the company’s life insurance expertise and respond to the growing number of Americans who are looking to grow and protect their savings. “We are combining our expertise with our ability to organize resources around distinct customer needs,” Wilson said.
Allstate Financial will tap Allstate Insurance Company’s large customer base to offer them a broader array of products and services.
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