Few companies have a whole lot brand awareness as Allstate. In addition, it is unmatched in setting of insurance offered, making it one of many top life insurance companies to get a majority of the solutions for the most typical needs of American households. We consider Allstate to be among the best life insurance companies in the U.S., and this Allstate Life Insurance Company review is our own opinion.
Our Allstate Life Insurance Company Review
1930 marked all seasons Carl Odell had the thought to ask his pal and neighbor, Robert Wooden, the chairman general of Sears back then, about selling insurance. While using the Sears name and brand of tires they had publicized since 1925, Allstate Insurance firm was born where auto insurance was its maiden products.
Growing steadily over the particular years, Allstate began introducing additional lines of insurance, starting with fire within ’54, and home along with life 3 years after. Not long after, several more lines involving insurance were added as the company continued its expansion. Even outside of insurance, Allstate tried motor motor vehicles, fire extinguishers and also mopeds, none of which removed.
By the early 70’s, the business realized what is was most effective in, and made its sole enterprize model to offer insurance. 1991 was an essential year in the company’s record, as it went public with all the ticker symbol ALL where it is still offered on the newest York Stock Exchange, or NYSE.
Allstate Life insurance Company is a well thought of entity, not by just one, but by three of the extremely reputable rating agencies. It offers secured an “A+” coming from a. M. Best, an A2 from Moody’s, and also an “A+” from Regular & Poor’s, distinguishing itself as an excellent company to give your business to. These ratings are also accompanied having a positive outlook.
With practically $125 billion in resources, its able to employ over 70, 000 workers altogether, assisting more than 16 million homes throughout the nation.
Automotive, home, life, renters, condominium, motorcycle, business and life insurance coverage are all insurance products provided by Allstate, but there are many more like boat, household, snowmobile and ATV insurance.
Underneath the life insurance umbrella, Allstate offers different types for different occasions. There are term life types for those looking for shorter term coverage options, and universal life insurance for any person looking for something much more permanent and flexible. It even offers whole life, which not many life insurance coverage companies offer. For anyone looking to dabble in growing some funds aside their policy at the same time, variable universal life products are offered through a registered agent.
Awards and Recognition
Allstate isn’t short in being recognized in and from the industry, with accolades like Best 100 Companies pertaining to Working Mothers, America’s Nearly all Admired Company by Fortune Magazine, a Top 50 pick for Diversity, and a number of awards for minorities. It also boasts one or two acknowledgements for innovation and leading technology on the market, which keeps Allstate prior to the game and in front in their consumers and clients.
In the event this wasn’t enough, Allstate and other divisions offer more than insurance, including retirement and expenditure planning advice and products for any person looking to grow resources for themselves or his or her businesses. With a strong market presence as well as a history of keeping its promises, its no wonder Allstate is constantly on the use the phrase “In Good Hands. ”.
|Company Name (and Subsidiaries)||Allstate Corporation
Allstate Life Insurance CompanyAllstate Property and Casualty Insurance Company
Allstate Life Insurance Company of New York
American Heritage Life Insurance Company
|Company Ratings||A.M. Best (A+)
Moody’s Investors Services (A1)
Standard & Poor’s (A+)
|Headquarters (Address, Phone, Web)||2775 Sanders Road
Northbrook, IL 60062
|Policy Types Available||Term