06/26/2008 - NORTHBROOK, IL
Life isn't just a balance sheet. Retirement shouldn't be either.
Allstate these days announced the acquisition of Retirement Bridge, an innovative Web-based consumer engagement and reporting tool that goes beyond the numbers which are regularly the concentrate of retirement planning. Retirement Bridge paints a holistic portrait of consumers' hopes, dreams, fears and readiness for their retirement years.
While most retirement planning tools seek only information - how plenty of years until you strategy to retire, how substantially you have saved so far, and what solutions you are utilizing to save for retirement - Retirement Bridge assists buyers better envision their individual retirement objectives, including exactly where they want to live, what they want to do in retirement, their most significant worries, and their retirement preparation. Via this secure, internet based survey, buyers are in a position to address what is definitely beneficial in their lives through a wide range of topics, from care giving to how they would like to work with a monetary representative.
Hassle-free-to-read reports aid buyers see the challenges and opportunities ahead of them, including worksheets containing points and resources based on the customer's interests during retirement. The survey tool will allow Allstate monetary representatives higher insight into the consumer, enabling stronger and extra trusting extended-term relationships.
"Planning for retirement can be frustrating and intimidating for anyone," mentioned J. Eric Smith, president, Allstate Financial Services. "Allstate's vision is to reinvent retirement for middle market place shoppers and Retirement Bridge will allow us to aid buyers envision and strategy for their retirement in new and extra meaningful methods."
"So plenty of retirement planners appear only at numbers, which can regularly be confusing and misleading. Retirement Bridge offers our monetary representatives a complete picture of a customer's hopes and dreams for retirement. That enables our buyers and our monetary representatives to work with each other toward a vision of retirement they each clearly have an understanding of," mentioned Smith.
Retirement Bridge was created by Dr. Ken Dychtwald, president and CEO of Age Wave. Allstate acquired Retirement Bridge just after receiving positive feedback from its monetary representatives and buyers during a pilot of the survey last year.
"Today's retirement will need new styles of monetary planning and preparedness. Presently, the sector falls short on delivering tools that aid monetary specialists acquire insight into what definitely matters most to shoppers about their lives and their retirement," mentioned Ken Dychtwald. "We are excited that Allstate's monetary representatives will have a tool such as Retirement Bridge to better aid buyers visualize their future and how to prepare to fund it."
"Our buyers have mentioned they want straightforward, however productive retirement solutions, and those who have attempted Retirement Bridge like all that it presents," J. Eric Smith mentioned. "We're thrilled that we're now in a position to bring this innovative tool exclusively to our buyers."
Allstate's acquisition of Retirement Bridge comes at a time when Allstate Financial continues to expand its portfolio of innovative retirement solutions and services. Just last month, the company announced two new retirement solutions:
* ClearTarget? Retirement Funds, a target date mutual fund that automatically rebalances as shoppers approach their retirement date
Allstate Assured Lifetime Revenue, a companion item to the ClearTarget? Retirement Funds that assists assure buyers obtain assured income payments for as extended as they live
With Retirement Bridge, Allstate is continuing its commitment to helping middle market place shoppers strategy for retirement, on their terms.
"Preparing for retirement these days isn't what it made use of to be," Smith mentioned. "Given the uncertainties about Social Security and pension plans, people require to take control of their personal retirement planning."
"They require a company they can trust, a company that understands their wants and can aid visualize retirement on their terms, and a company that can deliver the very best new solutions and services to aid guarantee a comfy future." he mentioned. "At Allstate, it really is our purpose to meet those wants like no other company has performed to date."
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held private lines insurer. Widely recognized through the "You're In Excellent Hands With Allstate" slogan, Allstate assists men and women in roughly 17 million households protect what they have these days and better prepare for tomorrow through roughly 14,900 unique agencies and monetary representatives in the U.S. and Canada. Shoppers can access Allstate solutions and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate. Encompass and Deerbrook Insurance brand property and casualty solutions are sold exclusively through independent agents. The Allstate Financial Group supplies life insurance, supplemental accident and wellness insurance, annuity, banking and retirement solutions developed for individual, institutional and worksite buyers that are distributed through Allstate agencies, independent agencies, monetary in stitutions and broker-dealers.
Contact:
David Steck847-402-5600
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