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Allstate Funds Seek to Provide Simplified Retirement Investing and a Unique Optional Guaranteed Lifetime Income For American Families


Consumers may benefit from New Products with a Straightforward Retirement Approach and Lifetime Income.

Allstate today introduced an innovative new retirement solution-designed to boost consumers’ retirement investments with a new product that provides the opportunity to receive guaranteed lifetime income combined with certain Clear Target Funds.

By combining the Allstate ClearTargetSM Retirement Funds with Allstate® Guaranteed Lifetime Income1, the company’s goal is to help middle-market Americans save more money for retirement and help ensure that those retirees have the opportunity to have guaranteed income payments for the rest of their lives. Guarantees are subject to the claims paying ability of the issuer.

Today’s announcement comes at a time when recent national studies show record low U.S. retirement savings, anxiety over market downturns eroding retirement savings, and frustration about complex financial information that creates greater barriers to investing in retirement savings.

“Our customers are hard working Americans with enormous day-to-day demands on their pocketbooks and on their time,” said Jim Hohmann, president and CEO of Allstate Financial, a business unit of the Allstate Corporation. “They tell us they are looking for simple retirement savings solutions that provide flexibility and access to their money.”

The Allstate® ClearTargetSM Retirement Funds are a target date mutual fund product that automatically rebalances as consumers approach their retirement date. The new companion product, Allstate® Guaranteed Lifetime Income1, helps assure customers guaranteed income payments for as long as they live.

The Allstate® ClearTargetSM Retirement Funds shift the burden of investment decisions to professionals who carefully monitor and automatically diversify the investment mix. And as a consumer’s retirement date approaches, these investment professionals gradually move the investment mix from a more aggressive portfolio into a more conservative blend of stocks, bonds and short-term investments. Diversification does not ensure a profit or protect against a loss in a declining market.

When Allstate Guaranteed Lifetime Income is added, consumers have additional protection against outliving their income (currently available only on the 2005, 2010, and 2015 funds). This product helps ensure an income stream for the life of consumers should the mutual fund account be depleted due to withdrawals taken under the terms of the Allstate® Guaranteed Lifetime Income certificate. This product, which is available to people age 50-80 years-of-age, is a contingent deferred annuity that adds a potential level of protection to select ClearTarget funds to help ensure customers can receive lifetime income for as long as they live.

An Allstate ClearTargetSM Retirement Fund can be opened for an initial investment of $2,500 or more. It offers diversification in a single fund, which helps simplify the decision-making process for retirement2. The customer just needs to pick the year and how much money they want to invest.

“Allstate’s network of approachable, licensed personal financial representatives can help consumers use this straightforward retirement approach to either get their retirement savings started or make the most of current savings,” said Hohmann.

“For 75 years families have trusted Allstate to help protect their autos, homes, and futures. These products we’ve introduced today were designed to broaden our portfolio of retirement solutions and increase our ability in aiming to protect the future for our customers,” said Hohmann. “Our focus is to reinvent protection and retirement for the consumer.”

AllianceBernstein, one of the world’s largest publicly traded global asset management firms and Allstate Investment Management Company (AIMCO) subadvise the investment pools that make up the Allstate ClearTarget funds.

Allstate is launching the ClearTargetSM Retirement Funds in all states. Allstate® Guaranteed Lifetime Income will be introduced in approved states. To learn more about these new product offerings, check out or contact a local Allstate agency about planning for retirement.

Guarantees are based on the claims-paying ability of Allstate Life Insurance Company. The certificate does not provide a cash value or death benefit. Also, benefits may never be received because the fund account performs well enough that it never reduces to zero, or the certificate owner(s) dies, or the certificate terminates before the fund account is reduced to zero. A 10% penalty tax applies to the taxable amount of any premature distributions from a certificate. The penalty tax generally applies to any distribution made prior to age 59 1/2. Please read the prospectus and certificate for more details.

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 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 Institutional Advisors, LLC is a registered investment advisor and serves as investment advisor to the Allstate ClearTarget Retirement Funds.

1 Guarantees are based on the claims-paying ability of Allstate Life Insurance Company. Allstate Guaranteed Lifetime Income is a contingent deferred annuity available with ClearTargetSM 2005, ClearTargetSM 2010 and ClearTargetSM 2015. Additional fees and restrictions may apply. We reserve the right to limit availability to Individual Retirement Accounts only.

2 Diversification does not ensure a profit or protect against a loss in a declining market.

Note: An investment in an Allstate ClearTarget Retirement Fund offers no guarantee of future growth and may lose value. The value of the fund will fluctuate with market conditions and is subject to the volatility of the U.S. and International financial markets. The funds may be subject to additional risks associated with investing in high-yield, small-cap and foreign securities. Please see the prospectus for more details.

Please note that an annual fee of 1% of your Fund Account Value is associated with Allstate Guaranteed Lifetime Income. The certificate 3 fee reduces the growth of the investment, which negatively affects the growth of the Fund Account Value. Depending on an investor’s life span, fund withdrawals or the investment’s performance, an investor may receive no income payments as the certificate was designed to offer potential protection against outliving your income. The certificate may not be suitable for all investors.

Note: Distributions from the fund are subject to federal income tax and may also be subject to state and local tax. Dividends and short-term capital gains distributions that you receive, regardless of distribution option, are taxable to you as ordinary income. If you are an individual, and certain holding period requirements are met, you may be eligible for taxation at long-term capital gains rates on “qualified dividend income” distributed from the fund. Distributions of net long-term capital gains are taxable to you as long-term capital gains for federal income tax purposes. If you are investing through an IRA, all distributions from the IRA are subject to ordinary income tax. Special tax rules apply to IRAs. Please consult your tax advisor.

Note: Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th Street, Lincoln, NE 68506. 877-525-5727. Allstate ClearTarget Retirement Funds are offered by Allstate Financial Investment Trust, a registered open-end investment company, Northbrook, IL and distributed by Funds Distributor, LLC, Columbus, OH.

Note: Allstate Guaranteed Lifetime Income is a group contingent deferred annuity issued by Allstate Life Insurance Company, Home Office, Northbrook, IL, and is available in most states through certificate number LU10905 or contract series LU10926. It is sold by registered representatives of broker-dealers who are licensed insurance agents.

Allstate ClearTarget Retirement Funds are designed for long-term investing. Investors should carefully consider the investment objectives, risks, charges and expenses of Allstate ClearTarget Retirement Funds before purchasing a fund or investing money. This information is only a summary. The prospectus contains details on the investment alternatives, fees, charges, expenses and other pertinent information. To obtain a prospectus, please contact your Allstate Personal Financial Representative or visit Customers should read the prospectus carefully before purchasing shares or sending money.


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