Life Insurance Company
Sanders Road, H2C
Founded in 1931 as part of Sears, Roebuck & Co., The Allstate
Corporation (NYSE: ALL) is the largest publicly held personal
insurance company in the nation. And
as of 1995 the company has been completely independent.
It became a publicly traded company in1993 and at that time its
initial offering was the largest in U.S. history.
The Allstate Life Group of Companies is the 17th largest
life insurance business in the country.
Allstate provides personal insurance services and products
through independent agents. Allstate’s
personal property and casualty business has more than 13,000 agents in the
U.S. and Canada as well as providing more than 14 million households with
insurance. Allstate Life
recorded assets of $32.9 billion and $3.0 billion in capital, surplus and
in investment reserves.
A.M. Best - A+
(Superior – the best possible rating)
Standard & Poor’s - AA+
Moody’s Investor’s Service Aa2 (Excellent)
WHAT IS LIFE INSURANCE?Life insurance is an agreement by an insurance company to pay a specified sum when someone dies. The agreement is a contract between the insured person and the insurance company that provides the insurance. If the insured dies while the life insurance policy is in force, then the company pays the death benefit according to the beneficiary designations that the insured has provided.
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