Filed Under:Annuities, Fixed Indexed

Allstate taps ING U.S. as fixed annuity sales partner

(AP Photo/LM Otero)
(AP Photo/LM Otero)

Back in July when it announced the sale of Lincoln Benefit Life Co. and thus its exit from the life and annuity business, Allstate Corp. also stated it intended to find a third-party company to offer retirement products, like fixed annuities, to its customers. Today, the insurer reported that it has entered into a strategic alliance with ING U.S. to do just that.

Beginning in January, Allstate will offer ING U.S.’s suite of fixed annuities, including ING Single Premium Immediate Annuity, ING Secure Index and ING Lifetime Income. By year’s end, Allstate plans to cease sales of its Growth and Income Protector, IncomeReady and RightFit annuities.

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Nichole Morford

Nichole Morford
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