Yes, Allstate does offer financial services. In addition to offering insurance products, Allstate also provides a range of financial products and services through its subsidiary companies. These include retirement and investment products such as annuities, mutual funds, and life insurance policies with cash value, as well as banking services like checking and savings accounts, credit cards, and mortgages.

Allstate also provides financial planning and advice through its network of financial professionals.

Allstate is a well-known insurance company that has been in business for more than 80 years. While the company is primarily known for its insurance products, many people may not be aware that it also offers a range of financial services. In this article, we will take a closer look at the financial services offered by Allstate.

Allstate’s financial services include retirement and investment products, banking services, and financial planning and advice. These services are provided through the company’s subsidiaries, which include Allstate Life Insurance Company, Allstate Financial Services, and Allstate Bank.

Retirement and investment products offered by Allstate include annuities, mutual funds, and life insurance policies with cash value. Annuities are insurance contracts that provide a guaranteed income stream during retirement. They are a popular choice for those who want a predictable source of income in retirement. Allstate offers several types of annuities, including fixed, variable, and indexed annuities.

Allstate also offers a variety of mutual funds that are managed by its subsidiary company, Allstate Financial Services. These mutual funds provide investors with a diversified portfolio of stocks, bonds, and other investments. They are a good option for those who want to invest in the stock market but don’t want to pick individual stocks.

Life insurance policies with cash value are another retirement and investment product offered by Allstate. These policies provide a death benefit to the policyholder’s beneficiaries, but they also have a savings component that grows over time. This savings component can be used to supplement retirement income or to pay for other expenses.

Allstate’s banking services include checking and savings accounts, credit cards, and mortgages. Allstate Bank, a subsidiary of Allstate Corporation, provides these services to customers. Allstate Bank is an online bank, which means that customers can access their accounts and conduct transactions online or through a mobile app.

Allstate also provides financial planning and advice through its network of financial professionals. These professionals can help customers create a financial plan that takes into account their goals, risk tolerance, and time horizon. They can also provide advice on investment strategies, retirement planning, and estate planning.

In conclusion, Allstate offers a range of financial services that go beyond insurance products. These services include retirement and investment products, banking services, and financial planning and advice. If you’re looking for a one-stop-shop for your insurance and financial needs, Allstate is definitely worth considering.