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Financial Planning > UHNW Client Services > Family Office News

Insurer Backs Cancer Center

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NU Online News Service, Feb. 10, 2005, 1:12 p.m. EST

The Allstate Workplace Division has set up a special fund to support the Cancer Treatment Research Foundation.[@@]

Allstate Workplace, Jacksonville, Fla., will base the size of its donations to the fund on the amount of cancer insurance it sells.

About 18% of the policies the division sold in 2004 were cancer policies, the division says.

The division, a unit of Allstate Corp., Northbrook, Ill., also plans to organize an annual charity classic golf tournament on behalf of the Arlington Heights, Ill.-based cancer research foundation in Jacksonville, Fla.

Allstate’s parent company designates the foundation as a beneficiary of the company’s annual employee charity drive, according to Allstate Workplace.


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