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Allstate Life Insurance Company Participates in PREPARE Study to Evaluate New Medical Technology.


NORTHBROOK, Ill. -- Allstate teams up with IMI IMI International Masonry Institute (Washington, DC)
IMI Israel Military Industries
IMI Institute of the Motor Industry
IMI International Market Insight
IMI Imposto Municipal Sobre Imóveis (Portugal) 
 and McNeil Consumer Healthcare for non-invasive risk assessments

Blood tests today, skin tests tomorrow. Allstate Life Insurance Company, a subsidiary of The Allstate Corporation, is participating in the PREPARE (PREVU PREVU Purpose of Economic Evaluation * Predicts Atherosclerosis Risk and Events) clinical trial, a study with IMI International Medical Innovations Inc. and McNeil Consumer Healthcare. The study evaluates a new medical technology for assessing the risk of coronary artery disease coronary artery disease, condition that results when the coronary arteries are narrowed or occluded, most commonly by atherosclerotic deposits of fibrous and fatty tissue. .

Currently, Allstate Life Insurance Company customers who apply for a life insurance policy must undergo a blood test as one of a number of factors to assess their coronary artery disease risk. The new study incorporates a skin test that uses an adhesive collection strip that is applied to a study participant's hand. Upon removal of the strip, dead skin cells are collected and then sealed in a collection device and processed using IMI's patented PREVU* LT Skin Sterol Sterol

Any of a group of naturally occurring or synthetic organic compounds with a steroid ring structure, having a hydroxyl (—OH) group, usually attached to carbon-3.
 Test system.

PREVU* non-invasively measures the amount of sterol, or skin tissue cholesterol, without the drawing of blood or a special pre-test diet, and takes minutes to perform. Skin sterol evaluates the level of cholesterol that has accumulated in the tissues of the body as opposed to the blood.

"Allstate is always looking at new technology to make our underwriting process simpler for our customers," said Matt Easley, vice president of life products, Allstate Life Insurance Company. "Once the study is completed, we will closely review the results to determine if the skin test may be an acceptable alternative to blood testing for some insurance applicants."

As part of this clinical trial, customers will have the opportunity to voluntarily participate in this new scientific study. During this trial, the results of the skin test will have no impact on their life insurance application.

"We are pleased to count Allstate as a partner in this important and potentially groundbreaking study," said Dr. Brent Norton, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of IMI International Medical Innovations Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:IMI)(Amex:IME IME Input Method Editor
IME Instituto de Matemática e Estatistica (Portugese and Spanish; USP, Sao Paulo, Brazil)
IME In My Experience
IME Instituto Militar de Engenharia (Rio de Janeiro, Brazil) 
), developer of PREVU* LT Skin Sterol Test. "In the U.S., approximately 13.5 million individual life insurance policies are purchased annually --- many of which do not include a cardiovascular disease Cardiovascular disease
Disease that affects the heart and blood vessels.

Mentioned in: Lipoproteins Test

cardiovascular disease 
 assessment. PREVU* LT is designed to be a simple, effective tool for insurers to better manage this risk."

Peter Kalra, business unit director, Diagnostics, McNeil Consumer Healthcare Canada, agrees that this novel and simple method of measuring skin sterol may become a viable option for risk assessment in life insurance screening.

"We look forward to the results of the PREPARE Study as it may prove the utility of PREVU and provide the life insurance industry another tool to help provide the best product to their customers," said Kalra.

Allstate Life Insurance Company, Lincoln Benefit Life Company and American Heritage Life Insurance Company (Allstate Workplace Division) are proud members of the Insurance Marketplace Standards Association - IMSA IMSA Illinois Mathematics and Science Academy
IMSA International Motor Sports Association
IMSA Insurance Marketplace Standards Association
IMSA International Municipal Signal Association
IMSA Illinois Mini Storage Association
IMSA Institute of Marine Safety Auditors
. Our membership signifies our commitment to honesty and fairness in the sales and service of individually sold life insurance, long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
, and annuity products.

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, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 13,600 exclusive agencies and financial professionals 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 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, 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.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 2, 2005
Words:635
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