Introduces Provider Extra and Provider Advantage
NORTHBROOK, Ill., Dec. 12 /PRNewswire/ -- Glenbrook Life and Annuity
Company, a member of Allstate Financial Group, the number three* writer of
variable annuity products in financial institutions in the nation, announces
the introduction of two additional variable annuity offerings, Glenbrook
Provider Extra and Glenbrook Provider Advantage. The introduction of
Glenbrook Provider Extra and Glenbrook Provider Advantage completes the
Glenbrook Provider variable annuity product lineup.
The Glenbrook Life Provider suite of products, which includes four
variable annuities and one variable life insurance product, offers financial
advisors the flexibility to customize the features and benefits of a variable
annuity to best suit the needs of each individual customer.
Glenbrook Provider Advantage allows individuals to purchase variable
annuities with added death and income benefits without surrender charges.
This allows the consumer to move to a more liquid variable annuity product.
Glenbrook Provider Extra enables customers to receive a credit enhancement
while still having other features and benefits that the Glenbrook variable
annuities offer, such as enhanced earnings, death benefits and income benefit
riders.
"The introduction of the Provider Extra and Provider Advantage variable
annuities complete the product suite by providing significant consumer
benefits to the variable annuity lineup," said Rob Shore, executive vice
president, Glenbrook Life. "Glenbrook Life built these specific products to
make our product suite as accessible to as many financial institutions as
possible."
During 2001, Glenbrook has taken the low-cost base variable annuity
product and added new, innovative features such as the Enhanced Earnings Death
Benefit Rider to create the Glenbrook Provider Ultra Variable Annuity.
Additionally, Glenbrook added a credit enhancement feature to create Glenbrook
Provider Extra and removed the surrender charges to create Glenbrook Provider
Advantage. As of November 2001, 27 banks have either converted to or launched
the Glenbrook Provider Ultra.
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 are 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
 back to top
Related links:
http://www.allstate.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/109885.html
CONTACT:
Laura Margolis, Media Relations of Allstate
Financial, +1-847-402-5600
|
