Allstate Seeking to Grow Agents by 46 Percent in Massachusetts

Insurance Company Seeking to Bring More Than 70 Positions to the Bay State

May 19, 2015, 14:57 ET from Allstate Insurance Company

MALVERN, Pa., May 19, 2015 /PRNewswire/ -- Allstate Insurance Company is launching a recruiting campaign to expand in Massachusetts.  Allstate plans to appoint more than 70 new insurance agents and personal financial representatives in the Bay State over the next year.

"Massachusetts's strong economy is fueling this expansion plan.  We target cities and areas that are growing and have an increased need to protect what matters most to the people in those communities as a part of Allstate's broader strategy to expand in Massachusetts," said Ed Norcia, Allstate's Northeast Region Strategic Deployment Leader. 

Allstate is seeking agency owners who are mid-career, mid-level managers who want to own and operate their own business. 

"We are aggressively targeting qualified professionals," Norcia adds. "A property and casualty insurance background is not required.  Allstate will provide them with comprehensive education and the resources to help them get off to a solid start.  They do need a strong entrepreneurial drive and passion to help others in their community."

Allstate Agent Andrew Milian opened his agency in the Kingston area in March of 2014 and has already seen tremendous profit and growth. Milian was drawn to Allstate because of the support provided to business owners from the very beginning.

"This opportunity has allowed me to go after my dreams," Milian said. "I always wanted to own my own business and Allstate provided the tools for me to grow my business quickly and provide my staff the best training in the industry."

Of those more than 70 positions, 20 appointments will be agency owners and 25 will be exclusive financial professionals spread across New England. The addition of the new agencies will have a compounding effect on the Massachusetts job market since each new agent normally opens with a minimum of two employees to help ensure customers are well served with courtesy and efficiency.  The balance of 50 positions will fill these roles.

Agency Growth in New England
Allstate's is looking to grow 16% across the New England states in insurance agents.  The numbers below are segmented by state:

City

Approximate Goals

Connecticut

40 Total:

10 Agency Owners

30 Licensed Sales Staff

Maine

21 Total

4 Agency Owners

17 Licensed Sales Staff

Massachusetts

70 Total:

20 Agency Owners

50 Licensed Sales Staff

New Hampshire

20 Total:

5 Agency Owners

15 Licensed Sales Staff

Rhode Island

30 Total:

5 Agency Owners

25 Licensed Sales Staff

Allstate Looking to Appoint 25 Exclusive Financial Professionals
Allstate is seeking experienced financial professionals who have their Series 6 and 63 licenses to sell variable life insurance and annuities, mutual funds, individual stocks and other financial products, and who also may have additional licenses to sell health and accident insurance. Each exclusive financial professional will partner solely with one or more Allstate agency owners to offer life and retirement products that help protect Allstate customers and their families.

"Roughly 10,000 Baby Boomers turn 65 every day, yet almost half of all Americans do not have life insurance said Regional Financial Sales Leader Dan Mattingly of Allstate. "Our exclusive financial professionals help our customers improve their financial well-being and better understand the fundamental building blocks of financial fitness."

"I enjoy partnering with Allstate agency owners to help their customers understand their life and retirement options, manage the risk and protect their futures," said Peter Bacchiocchi Allstate exclusive financial professional in Massachusetts. "I believe I can truly make a difference in their lives."

Learn More about Becoming an Allstate Agent or Exclusive Financial Professionals
To help with the deployment efforts, Allstate is offering a $5,000 award to the person who refers a qualified agency owner or exclusive financial professional candidate to Allstate. The referral award is payable upon of the appointment of the candidate as an Allstate agency owner.

Candidates interested in becoming an Allstate agency owner need a minimum of $50,000 of liquid capital to invest in their agency. This money does not go to Allstate; it helps ensure the agency can successfully fund the normal day-to-day costs associated with opening and running a business. Licensed sales producers need no liquid capital to apply.

Call for More Information
Interested candidates can learn more about becoming an Allstate agency owner by logging on to allstate.com or by calling 1-877-470-8150, option 1.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com, www.allstate.com/financial and 1-800 Allstate®, and are widely known through the slogan "You're In Good Hands With Allstate®." As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $29 million in 2012 to thousands of nonprofit organizations and important causes across the United States.

*Subject to the terms and conditions of the R3001 agency agreement.

Contact:

Julia Reusch

(610) 705-2254

julia.reusch@allstate.com

@AllstateNE

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SOURCE Allstate Insurance Company



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