Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Social Security > Social Security Funding

Allstate Unit To Sell FA-Backed Notes To Individuals

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, April 28, 2004, 2:33 p.m. EDT – A unit of The Allstate Corp., Northbrook, Ill., will be selling up to $4 billion in notes backed by Allstate funding agreements to individuals as well as to institutions.[@@]

Allstate has sold about $8.5 billion in notes backed by Allstate funding agreements to institutional investors since 1999, but the new notes are the first of their kind that will be available to individuals, Allstate says.

A funding agreement is a contract that calls for an insurer to pay investors a specified fixed or floating rate of return.

Investors think of funding agreements and notes backed by funding agreements as stable-value investments that offer a relatively high rate of return, according to a report on the subject from Moody’s Investors Service, New York.

Allstate is issuing the funding agreements through Allstate Life Insurance Company and the notes through Allstate Life Global Funding trust.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.