Co-Founder, Coastal Financial Partners Group, California
Yes. They own Lincoln Benefit Life. The company offers life insurance and annuities through Allstate agents and well as independent life insurance agents (brokers). They are a well respected company with competitive products.
While independent agents can offer life insurance products from many companies, Allstate agents will be limited to life insurance and annuities issued by their subsidiaries: Allstate Life Insurance Company, Lincoln Benefit Life Insurance Company and American Heritage Life Insurance Company.
Allstate uses their subsidiary Lincoln Benefit Life for the vast majority of life sales within their property casualty company. Lincoln Benefit Life is also distributed through their brokerage channel of independent marketing organizations. Although Allstate’s core productline is property causality, their career outlets sell financial services along with Lincoln Benefit Life products: life and annuities.
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While independent agents can offer life insurance products from many companies, Allstate agents will be limited to life insurance and annuities issued by their subsidiaries: Allstate Life Insurance Company, Lincoln Benefit Life Insurance Company and American Heritage Life Insurance Company.
Allstate is better known for their auto and home insurance prices were are usually competitive in most areas.
For an Allstate quote on life insurance, or other carriers with lower rates, a full-time experienced broker can help the best.