Impatient with its slow-growth business of selling car and home insurance, Allstate Corp. is planning to sell more investment products.

Last week Chicago-based Allstate announced it would market a variable annuity with Putnam Investments of Boston. Variable annuities are mutual funds wrapped in tax-deferred insurance plans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.