Maggie has twenty years of experience working in media. She is a writer and editor on car insurance and related issues. Before joining Insure.com, she reported on health, education and lifestyle for magazines, websites and newspapers in Nevada.
Laura Longero is a content strategist and communications leader with more than 15 years of experience in content development in journalism, marketing and communications for start-ups to global companies. She started her career as a reporter and editor and honed her journalistic skills at the USA Today Network, working in several roles, as well as managing content and writing at MoneyGeek and XYZ Media.
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Allstate launched during the Great Depression by selling auto insurance policies. By the end of 1931, its first year in business, it had 4,317 auto policies in force. Initially, Allstate sold its auto insurance products through mail-order business and through Sears department stores. Interesting fact: Allstate got its name from Sears’ tire brand.
In the 1950s, after experiencing rapid growth, Allstate expanded sales to include other forms of insurance, such as homeowners, personal theft and residential fire. In 1957, it added even more offerings through life insurance, which included term and permanent life. Its well-known slogan – “You’re in Good Hands with Allstate” – was popularized in the 1950s.
In 2021, due to a lack of sales growth in Allstate’s Life and Annuity business, Allstate Life Insurance company (ALIC) was sold to Blackstone Insurance Group for proceeds that totaled $4 billion. Allstate agents continue to provide life insurance through third-party partners or providers.