Rounds Out Extraordinary Line-Up of Fund Families
NORTHBROOK, Ill., Nov. 2 /PRNewswire/ -- Glenbrook Life and Annuity
Company, a member of Allstate Financial Group, which is the number three*
writer of variable annuity products in banks in the nation, announces the
addition of Putnam Investments to its Glenbrook Provider suite of variable
annuity products.
Glenbrook Life's Provider suite of products now contain the top six best-
selling fund families in banks, based on a list compiled by Kenneth Kehrer
Associates, August 2001. With the addition of Putnam funds, the Glenbrook
Provider suite of variable annuities now offers 49 sub-account options. Other
top-selling fund families offered within the Glenbrook products include AIM
Advisors Inc., The Dreyfus Corporation, Fidelity Investments(R), Franklin(R)
Templeton (R) Investments, Goldman Sachs, MFS Investment Management(R), Morgan
Stanley Asset Management and OppenheimerFunds, Inc.
With Putnam, the Glenbrook Provider suite of variable annuities now
includes many of the popular fund families sought after by investors.
Financial representatives can help clients invest in five new sub-accounts,
which invest in the following Putnam variable insurance funds:
-- Putnam Growth and Income Fund
-- Putnam Growth Opportunities Fund
-- Putnam International Growth Fund
-- Putnam New Value Fund
-- Putnam Research Fund
By consulting with their financial representatives, clients are not only
able to allocate funds within each fund family, they will have the ability to
allocate investments across fund families to best suit their financial goals.
The asset allocation tool developed for the Glenbrook Provider variable
product series by Standard and Poor's helps clients and financial
representatives determine the right diversification of funds for the
investor's financial situation.
"The strategic intent has been to make the process of selling Glenbrook
Life variable annuity products as easy for financial representatives as
possible," said Rob Shore, executive vice president, Glenbrook Life. "The
addition of the Putnam funds, one of the pre-eminent sellers of mutual funds
through financial institutions, rounds out an already extraordinary line up of
fund families."
Glenbrook Life will be including the Putnam funds within its Glenbrook
Provider suite of products, including two additional variable annuities due
out later this fall: Glenbrook Provider Advantage, a no surrender charge
variable annuity; and Glenbrook Provider Extra, a bonus interest rate variable
annuity. This diversified suite of variable annuity products provides multiple
investment options for financial institutions and their clients.
For nearly a decade, Glenbrook Life and Annuity Company has been a premier
provider of fixed and variable annuities and life insurance products. The
full line of Glenbrook's financial products is sold through financial
institutions across the country and is backed by the impressive service and
financial stability synonymous with Allstate Life Insurance Company,
Glenbrook's parent company. The Glenbrook Provider suite of variable annuities
is issued by Glenbrook Life and Annuity Company and is underwritten by ALFS,
Inc. Products sold by prospectus only. Please read the prospectus carefully
before you invest or send money.
Allstate Financial Group is a business unit of The Allstate Corporation
(NYSE: ALL), representing the affiliates that provide life insurance,
retirement, investment and health and disability insurance products. Allstate
Financial is the marketing name for Allstate Life Insurance Company, its
subsidiaries and certain affiliates. Widely known through the "You're In Good
Hands With Allstate(R)" slogan, Allstate Financial can help its customers
achieve a secure financial future with a broad array of retirement solutions.
Allstate Financial is also a premier provider of variable annuities and long-
term care insurance. In addition, through workplace marketing, Allstate
Financial offers life, health and disability insurance through employee
payroll deductions. Customers can access Allstate Financial products and
services through approximately 60,000 financial professionals, including
Allstate agents, independent agents, and banks and securities firms.
*Based on Second Quarter 2001 sales as compiled by Kenneth Kehrer
Associates.
SOURCE Allstate Financial Group
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Related links:
http://www.allstate.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/109885.html
CONTACT:
Laura Margolis, Media Relations for Allstate
Financial Group, +1-847-402-5600
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