All state life insurance policies

Based in Northbrook, Illinois, Allstate Insurance Corporation is the largest publicly traded personal insurance insurer in the United States and is a Fortune 100 company with $156.4 billion in assets. Allstate sells 13 major insurance policies, including life insurance. The “You’re in Good Hands with Allstate” ad is one of the most well-known corporate branding statements in American history. Allstate was founded in 1931 as part of the Sears, Roebuck, & Co. group of companies, and became a public company in 1933. The name “Allstate” was taken from a tire that Sears sold in its auto parts division, which started out as a mail order auto insurance company.

The Allstate Foundation was established in 1952 to partner with nonprofit organizations and help improve life in poor neighborhoods across the United States. A few years later, on September 3, 1957, the new Allstate Life Insurance Company sold policy #000001, a mortgage cancellation policy, to Dale and Norma Jean Huddlestun of West Liberty, Illinois. Within six years, Allstate Life had $1 billion in insurance in effect, reaching that goal faster than any other company.

The following year, 1964, Allstate founded the Allstate Insurance Company of Canada and the Allstate Life Insurance Company of Canada. In 1975, Allstate first introduced life insurance to the Japanese market through a joint venture with Sears and Seibu Retail. Twenty years later, Sears transferred his remaining ownership of Allstate to Sears shareholders, making Allstate an independent, 100% publicly traded company.

Allstate prides itself on a strong corporate governance and corporate philosophy that puts high standards of customer service and ethical ideals above all else. The company keeps its work environment fast-paced and demands personal initiative and creative thinking from its employees. Allstate also actively strives for as much diversity as possible in its customer base, its employees and the demographics it serves.

The company has many regional offices:

California (Rancho Cordova)

Capital (Fairfax, Virginia)

Florida (Saint Petersburg)

Midwest (Buffalo Grove, Illinois)

New Jersey (Bridgewater)

New York (Hauppauge)

North Central (Farmington Hills, Michigan)

Northeast (Wayne, Pennsylvania)

Northwest (Bothell, Washington)

Southeast (Atlanta, Georgia)

Southern (Nashville, Tennessee)

Southwest (Phoenix, Arizona)

Texel (Irving)

West Central (Englewood, Colorado)

Allstate’s life insurance division seeks to protect people from the ill effects of early death. The company offers many different term and permanent life insurance products so that different people can use life insurance as part of their customized financial plan.

The range of types of people Allstate covers with its life insurance products includes:

* Parents who want to make sure their children are well taken care of

* Those with debts they don’t want to pass on to loved ones

* People who want to take out a lower insurance rate at a young age

* Homeowners who want to make sure their family can pay off their mortgage in the event of their death

* Families dependent on a stay-at-home parent

* Entrepreneurs who want to protect their business

* Those who want to leave a legacy for their children and grandchildren

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Today, Allstate is the 13th largest life insurance company in the United States, based on the amount of insurance in effect. The branch of the company that sells life insurance products is known as Allstate Financial and also offers annuities and savings and investment products. Allstate is committed to cultivating and retaining “quality lifetime” customers.

AM Best gives Allstate an A+ rating. It has received this rating from Best for several years, except for a B+ for its Allstate Floridian Insurance Company subsidiary, which involved agents in a churning scandal. Allstate is generally considered conservative in its policies, with a sound investment strategy, efficiency in its operations and technology, and good ratings for its underwriting and selling efforts.