Allstate Grants Financial Selling Power to One-Third of Its Agents

June 15, 2001

Nearly one-third of Allstate’s 13,000-member exclusive agency force is now licensed to provide personal financial products and mutual funds.

More than 4,300 Allstate exclusive agents have earned the “Personal Financial Representative” title after passing securities license exams and completing an extensive Allstate training curriculum. These licensed individuals can provide customers fixed, variable, indexed and market value adjusted annuity products, in addition to providing customers auto, home and traditional life insurance products.

“We’re focused on helping Americans achieve a secure financial future,” stated Tom Wilson, president of Allstate Financial, a business unit of The Allstate Corporation. “The growing number of Personal Financial Representatives has been instrumental in giving us the leverage to provide savings and investment products tailored to a customer’s personal financial needs.”

In November 2000, Allstate Financial announced it had changed its name from Allstate Life Group of Companies. At that time, approximately 20 percent (2,500) of the company’s exclusive agency force had already earned the “Personal Financial Representative” title. It’s estimated that more than half of Allstate’s agency force will be Personal Financial Representatives by next year.

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.

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