Allstate saws another leg off an already unsafe stool that was once their Agent's bedrock.
they have just announced the sale of Lincoln Benefit Life. Now the only life insurance product left for agents to sell is a dubious "whole life" product that will no doubt go the way of their two recently introduced fixed annuity products that are already on the scrap heap. Mr Wilson is quite a guy.
Tell me about it. Mismanagement of the Life Company for years. It is only a matter of time for the massive rate hikes in the Property and Casualty side begin driving customers away from Allstate on that side of the business as well. Wilson will continue to downsize his company until he has an unprofitable company. I hear the guy comes from a Detroit suburb where the quality of life is just dwindling away. That seems to be his legacy and MO.