Allstate Announces Fund Changes to Allstate Advisor Variable Annuity.NORTHBROOK, Ill. -- The Allstate Advisor Variable Annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. , a tax-deferred, flexible premium variable annuity introduced in October 2002, will now contain seven additional subaccounts effective October 1, 2004. The Allstate Advisor VA is primarily sold through representatives in financial institutions and broker-dealers. "The update to the Allstate Advisor VA will provide our representatives with complementary fund choices that will help them meet their customer's retirement and other investment objectives," said Rob Shore, president, Allstate Distributors, L.L.C. The Allstate Advisor VA currently features a wide range of variable subaccounts invested in underlying funds managed by Franklin(R) Templeton(R) Investments, OppenheimerFunds, Putnam Investments Putnam Investments was founded in 1937 by George Putnam. At the same time, he founded its first mutual fund offering, The George Putnam Fund of Boston.[1] Putnam has offices in London and Tokyo, and its headquarters is located in Boston, Massachusetts. and Van Kampen Investments Van Kampen Investments, Inc. (also Van Kampen Funds, Inc. or Van Kampen American Capital) is a respected mutual fund company. It has been a wholly owned subsidiary of Morgan Stanley[1] since its acquisition in 1996. . Five of the seven new subaccount options are managed by Lord, Abbett & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Lord Abbett was founded in 1929 and is one of the nation's longest existing money management firms. Lord Abbett is a private, independent money management company, managing over $80 billion in assets, as of June 2004. Lord Abbett manages a broad family of mutual funds as well as separately managed equity, fixed-income and balanced accounts for corporations, institutions and individuals. The additional subaccounts now available are: --FTVIP Franklin Large Cap Growth Securities Fund - The Fund seeks capital appreciation through investing predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. in large capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. companies. --Lord Abbett Series Fund - All Value Portfolio - The Fund seeks long-term growth of capital and income without excessive fluctuations in market value. --Lord Abbett Series Fund - Bond-Debenture Portfolio - The Fund seeks high current income and the opportunity for capital appreciation to produce a high total return. --Lord Abbett Series Fund - Growth and Income Portfolio - The Fund seeks long-term growth of capital and income without excessive fluctuations in market value. --Lord Abbett Series Fund - Growth Opportunities Portfolio - The Fund seeks capital appreciation by investing primarily in stocks of mid-sized U.S. and multinational companies from which above-average growth is expected. --Lord Abbett Series Fund - Mid-Cap Value Portfolio - The Fund seeks capital appreciation through investments, primarily in equity securities, which are believed to be undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. in the marketplace. --Oppenheimer Bond Fund/VA - The Fund seeks a high level of current income. As a secondary objective, the Fund seeks capital appreciation when consistent with its primary objective. Variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. are long-term investments. Read the prospectus carefully before investing. A prospectus contains important information about a fund, including a fund's investment objectives, risks, charges and ongoing expenses that you should carefully consider before investing. The Allstate Advisor variable annuity is issued by Allstate Life Insurance Company and underwritten by Allstate Distributors, L.L.C. For more information, visit www.accessallstate.com. The Allstate Corporation (NYSE NYSE See: New York Stock Exchange :ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate(R)" slogan A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose. Slogans vary from the written and the visual to the chanted and the vulgar. , Allstate helps individuals in more than 16 million households protect what they have today and better prepare for tomorrow through more than 12,900 exclusive agencies and financial specialists in the U.S. and Canada. Customers can access Allstate products and services through Allstate agencies, or in select states at allstate.com and 1-800 Allstate(R). Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group provides life insurance, annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , retirement, banking and investment products through distribution channels that include Allstate agencies, independent agencies, worksite, financial institutions and broker-dealers. |
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