06/26/2008 - NORTHBROOK, IL
Life is not just a balance sheet. Retirement should not be either.
Allstate currently announced the acquisition of Retirement Bridge, an innovative Net-based customer engagement and reporting tool that goes beyond the numbers which are usually the focus of retirement preparing. Retirement Bridge paints a holistic portrait of consumers' hopes, dreams, fears and readiness for their retirement years.
Although most retirement preparing tools seek only data - how lots of years till you plan to retire, how much you've saved so far, and what merchandise you are employing to save for retirement - Retirement Bridge helps customers superior envision their individual retirement goals, which includes exactly where they want to live, what they want to do in retirement, their biggest worries, and their retirement preparation. Via this secure, on the web survey, customers are able to address what is definitely significant in their lives via a wide range of topics, from care giving to how they would like to perform with a economic representative.
Simple and easy-to-read reports aid customers see the challenges and opportunities ahead of them, which includes worksheets containing helpful hints and resources based on the customer's interests through retirement. The survey tool permits Allstate economic representatives greater insight into the customer, enabling stronger and additional trusting long-term relationships.
"Planning for retirement can be frustrating and intimidating for anybody," mentioned J. Eric Smith, president, Allstate Financial Services. "Allstate's vision is to reinvent retirement for middle marketplace consumers and Retirement Bridge permits us to aid customers envision and plan for their retirement in new and additional meaningful techniques."
"So lots of retirement planners appear only at numbers, which can usually be confusing and misleading. Retirement Bridge provides our economic representatives a extensive picture of a customer's hopes and dreams for retirement. That enables our customers and our economic representatives to perform with each other toward a vision of retirement they both clearly fully grasp," mentioned Smith.
Retirement Bridge was created by Dr. Ken Dychtwald, president and CEO of Age Wave. Allstate acquired Retirement Bridge right after receiving positive feedback from its economic representatives and customers through a pilot of the survey last year.
"Today's retirement will need new styles of economic preparing and preparedness. Presently, the business falls short on providing tools that aid economic pros obtain insight into what definitely matters most to consumers about their lives and their retirement," mentioned Ken Dychtwald. "We are excited that Allstate's economic representatives will have a tool such as Retirement Bridge to superior aid customers visualize their future and how to prepare to fund it."
"Our customers have mentioned they want uncomplicated, yet beneficial retirement solutions, and those who have tried Retirement Bridge like all that it offers," J. Eric Smith mentioned. "We're thrilled that we're now able to bring this innovative tool exclusively to our customers."
Allstate's acquisition of Retirement Bridge comes at a time when Allstate Financial continues to expand its portfolio of innovative retirement merchandise and services. Just last month, the corporation announced two new retirement merchandise:
* ClearTarget? Retirement Funds, a target date mutual fund that automatically rebalances as consumers method their retirement date
Allstate Assured Lifetime Income, a companion product to the ClearTarget? Retirement Funds that helps assure customers get guaranteed income payments for as long as they live
With Retirement Bridge, Allstate is continuing its commitment to helping middle marketplace consumers plan for retirement, on their terms.
"Preparing for retirement currently is not what it used to be," Smith mentioned. "Given the uncertainties about Social Security and pension plans, many people have to have to take manage of their personal retirement preparing."
"They have to have a corporation they can trust, a corporation that understands their wants and can aid visualize retirement on their terms, and a corporation that can deliver the highest quality new merchandise and services to aid ensure a comfortable future." he mentioned. "At Allstate, it is our objective to meet those wants like no other corporation has carried out to date."
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held private lines insurer. Widely known via the "You're In Great Hands With Allstate" slogan, Allstate helps men and women in roughly 17 million households protect what they have currently and superior prepare for tomorrow via roughly 14,900 exclusive agencies and economic representatives in the U.S. and Canada. Prospects can access Allstate merchandise and services such as auto insurance and homeowners insurance via Allstate agencies, or in pick states at allstate.com and 1-800 Allstate. Encompass and Deerbrook Insurance coverage brand property and casualty merchandise are sold exclusively via independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement merchandise created for individual, institutional and worksite customers that are distributed via Allstate agencies, independent agencies, economic institutions and broker-dealers.
Contact:
David Steck847-402-5600
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