06/26/2008 - NORTHBROOK, IL
Life is not just a balance sheet. Retirement should not be either.
Allstate today announced the acquisition of Retirement Bridge, an innovative Internet-based consumer engagement and reporting tool that goes beyond the numbers which are commonly the focus of retirement organizing. Retirement Bridge paints a holistic portrait of consumers' hopes, dreams, fears and readiness for their retirement years.
Though most retirement organizing tools seek only information - how various years until you program to retire, how significantly you have saved so far, and what goods you happen to be using to save for retirement - Retirement Bridge assists clients far better envision their individual retirement goals, which includes exactly where they want to reside, what they want to do in retirement, their biggest worries, and their retirement preparation. Through this secure, internet survey, clients are able to address what is genuinely imperative in their lives through a wide range of topics, from care giving to how they would like to operate with a financial representative.
Effortless-to-read reports enable clients see the challenges and opportunities ahead of them, which includes worksheets containing tips and resources based on the customer's interests for the duration of retirement. The survey tool will allow Allstate financial representatives greater insight into the consumer, enabling stronger and a great deal more trusting long-term relationships.
"Preparing for retirement can be frustrating and intimidating for anyone," stated J. Eric Smith, president, Allstate Financial Services. "Allstate's vision is to reinvent retirement for middle marketplace consumers and Retirement Bridge will allow us to enable clients envision and program for their retirement in new and a great deal more meaningful approaches."
"So various retirement planners look only at numbers, which can commonly be confusing and misleading. Retirement Bridge gives our financial representatives a complete picture of a customer's hopes and dreams for retirement. That enables our clients and our financial representatives to operate with each other toward a vision of retirement they each clearly recognize," stated Smith.
Retirement Bridge was created by Dr. Ken Dychtwald, president and CEO of Age Wave. Allstate acquired Retirement Bridge immediately after receiving positive feedback from its financial representatives and clients for the duration of a pilot of the survey final year.
"Today's retirement will demand new types of financial organizing and preparedness. At present, the market falls short on delivering tools that enable financial professionals obtain insight into what genuinely matters most to consumers about their lives and their retirement," stated Ken Dychtwald. "We are excited that Allstate's financial representatives will have a tool such as Retirement Bridge to far better enable clients visualize their future and how to prepare to fund it."
"Our clients have stated they want basic, however useful retirement solutions, and these who have tried Retirement Bridge like all that it offers," J. Eric Smith stated. "We're thrilled that we're now able to bring this innovative tool exclusively to our clients."
Allstate's acquisition of Retirement Bridge comes at a time when Allstate Financial continues to expand its portfolio of innovative retirement goods and services. Just final month, the enterprise announced two new retirement goods:
* ClearTarget? Retirement Funds, a target date mutual fund that automatically rebalances as consumers method their retirement date
Allstate Assured Lifetime Earnings, a companion product to the ClearTarget? Retirement Funds that assists assure clients obtain assured revenue payments for as long as they reside
With Retirement Bridge, Allstate is continuing its commitment to helping middle marketplace consumers program for retirement, on their terms.
"Preparing for retirement today is not what it applied to be," Smith stated. "Given the uncertainties about Social Security and pension plans, people have to take manage of their own retirement organizing."
"They have a enterprise they can trust, a enterprise that understands their requirements and can enable visualize retirement on their terms, and a enterprise that can deliver the most beneficial new goods and services to enable ensure a comfy future." he stated. "At Allstate, it really is our objective to meet these requirements like no other enterprise has carried out to date."
The Allstate Corporation (NYSE: ALL) is the nation's biggest publicly held individual lines insurer. Widely identified through the "You happen to be In Decent Hands With Allstate" slogan, Allstate assists people in around 17 million households guard what they have today and far better prepare for tomorrow through around 14,900 exclusive agencies and financial representatives in the U.S. and Canada. Prospects can access Allstate goods and services such as auto insurance and property owners insurance through Allstate agencies, or in choose states at allstate.com and 1-800 Allstate. Encompass and Deerbrook Insurance brand property and casualty goods are sold exclusively through independent agents. The Allstate Financial Group gives life insurance, supplemental accident and well being insurance, annuity, banking and retirement goods intended for individual, institutional and worksite clients that are distributed through Allstate agencies, independent agencies, financial instit utions and broker-dealers.
Make contact with:
David Steck847-402-5600
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