Actor Tony Plana partnering with Allstate in Hispanic consumer education campaign

Northbrook, IL--(HISPANIC PR WIRE)--December 10, 2007--Although the majority of Hispanics recognize the importance of life insurance, they are much less likely than non-Hispanics to have life insurance.¹ In response, Allstate, the nation’s largest publicly held personal lines insurer, is making a commitment to educating and motivating Hispanics about life insurance.

A new campaign features Tony Plana, the co-star of the ABC comedy “Ugly Betty” talking about his personal experiences and the need for every Hispanic adult to protect his or her family from a financial disaster.

“I understand the reasons and risks of not having life insurance,” said Plana. “I have known a number of individuals who died suddenly and left their families financially devastated simply because they did not have life insurance. My own parents have never had life insurance. This is why I am partnering with Allstate to strongly urge Latinos to learn more about life insurance so they can provide their families with the protection they need.”

Nearly two out of three Hispanic males aged 18 to 24 are without life insurance. Less than half of Hispanic women aged 18 to 24 have life insurance. Only one in three married couples have life insurance for both spouses (2).

The reasons most commonly cited by Hispanics for not having life insurance are: “I don’t need it;”, “I don’t understand it;” and “I can’t afford it.”(3)

“Life insurance is a necessity and can be very affordable,” says Lisa Cochrane, Allstate Vice President of Integrated Marketing. “For example, a 35-year old woman who does not smoke, is healthy and has a good family history may be able to purchase a 10-year term life insurance policy with a $500,000 death benefit from Allstate for less than $15 per month.”*

Another major type of life insurance, called permanent life insurance, provides coverage for as long as the policyholder is alive. On average, among Hispanics, women live 84 years and men 77 years. This compares to 80 years for women and 75 years for men among Americans of all backgrounds.*

“Like many adults and parents, I have not always had life insurance,” added Plana. “If something had happened to me, my family would have been left with a funeral bill and other debts they couldn’t afford. I realize now, however, that as a head of a household I am responsible for protecting my family every way possible. I hope other Latinos feel as strongly and do what I have done.”

In the coming weeks, Plana can be seen and heard on Spanish-language television and radio urging Hispanic adults and parents to talk to an Allstate Personal Financial Representative about the benefits and affordability of life insurance.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate(R)” slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,600 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate(R). Encompass(R) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Life insurance is issued by Allstate Life Insurance Company, Northbrook, IL and Lincoln Benefit Life Company, Lincoln, NE. In New York, Allstate Life Insurance Company of New York, Hauppauge, NY.

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th St., Lincoln, NE 68506. (877) 525-5727.

* Assumes individual is a healthy, non-smoker. The $15 per month only works for the following parameters: 10-year term period for TrueTerm or GT Platinum; $500,000 Face Amount; Female Preferred Elite (best nonsmoking class); Issue ages 18-35.
(1) LIMRA International
(2) Cyber Nation International Inc.
(3) Tomas Rivera Policy Institute
* National Center for Health Statistics

NOTE TO EDITORS: A high-resolution image is available at: http://www.hispanicprwire.com/home.php?l=in