New Allstate Tool Brings More Than Numbers to Retirement Equation
June 25 2008 - 4:30PM
Business Wire
Life isn�t just a balance sheet. Retirement shouldn�t be either.
Allstate today announced the acquisition of Retirement Bridge�, an
innovative Web-based customer engagement and reporting tool that
goes beyond the numbers which are often the focus 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 data � how
many years until you plan to retire, how much you�ve saved so far,
and what products you�re using to save for retirement - Retirement
Bridge� helps customers better envision their individual retirement
goals, including where they want to live, what they want to do in
retirement, their biggest worries, and their retirement
preparation. Through this secure, online survey, customers are able
to address what is truly important in their lives through a wide
range of topics, from care giving to how they would like to work
with a financial representative. Easy-to-read reports help
customers see the challenges and opportunities ahead of them,
including worksheets containing tips and resources based on the
customer�s interests during retirement. The survey tool allows
Allstate financial representatives greater insight into the
customer, enabling stronger and more trusting long-term
relationships. �Planning for retirement can be frustrating and
intimidating for anyone,� said J. Eric Smith, president, Allstate
Financial Services. �Allstate�s vision is to reinvent retirement
for middle market consumers and Retirement Bridge� allows us to
help customers envision and plan for their retirement in new and
more meaningful ways.� �So many retirement planners look only at
numbers, which can often be confusing and misleading. Retirement
Bridge� gives our financial representatives a comprehensive picture
of a customer�s hopes and dreams for retirement. That enables our
customers and our financial representatives to work together toward
a vision of retirement they both clearly understand,� said Smith.
Retirement Bridge� was developed by Dr. Ken Dychtwald, president
and CEO of Age Wave. Allstate acquired Retirement Bridge� after
receiving positive feedback from its financial representatives and
customers during a pilot of the survey last year. �Today�s
retirement will require new styles of financial planning and
preparedness. Currently, the industry falls short on providing
tools that help financial professionals gain insight into what
truly matters most to consumers about their lives and their
retirement,� said Ken Dychtwald. �We are excited that Allstate�s
financial representatives will have a tool such as Retirement
Bridge to better help customers visualize their future and how to
prepare to fund it.� �Our customers have said they want simple, yet
effective retirement solutions, and those who have tried Retirement
Bridge� like all that it offers,� J. Eric Smith said. �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 products and services. Just
last month, the company announced two new retirement products:
ClearTargetSM Retirement Funds, a target date mutual fund that
automatically rebalances as consumers approach their retirement
date Allstate Guaranteed Lifetime Income, a companion product to
the ClearTargetSM Retirement Funds that helps assure customers
receive guaranteed income payments for as long as they live With
Retirement Bridge�, Allstate is continuing its commitment to
helping middle market consumers plan for retirement, on their
terms. �Preparing for retirement today isn�t what it used to be,�
Smith said. �Given the uncertainties around Social Security and
pension plans, people need to take control of their own retirement
planning.� �They need a company they can trust, a company that
understands their needs and can help visualize retirement on their
terms, and a company that can deliver the best new products and
services to help ensure a comfortable future.� he said. �At
Allstate, it�s our goal to meet those needs like no other company
has done to date.� The Allstate Corporation (NYSE: ALL) is the
nation�s largest publicly held personal lines insurer. Widely known
through the �You�re In Good Hands With Allstate�� slogan, Allstate
helps individuals in approximately 17 million households protect
what they have today and better prepare for tomorrow through
approximately 14,900 exclusive agencies and financial
representatives in the U.S. and Canada. Customers can access
Allstate products 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 products are sold exclusively
through independent agents. The Allstate Financial Group provides
life insurance, supplemental accident and health insurance,
annuity, banking and retirement products designed for individual,
institutional and worksite customers that are distributed through
Allstate agencies, independent agencies, financial institutions and
broker-dealers.
Allstate (NYSE:ALL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Allstate (NYSE:ALL)
Historical Stock Chart
From Jul 2023 to Jul 2024