About Allstate
Allstate wrote a large book of structured settlement annuities through Allstate Life Insurance Company. In 2021 Allstate sold its life and annuity business, and legacy Allstate structured settlement annuities are now administered by Everlake Life Insurance Company. Your payments did not change - the same contracts are honored under the new administrator.
If your checks historically came from Allstate Life, correspondence and servicing now typically reference Everlake. This is a routine industry transition and does not affect your ability to sell payments.
The original issuer's book has been transferred to a successor administrator; contracts are honored on the original terms and remain fully sellable.
How Transfers Work with Allstate
Transfers of legacy Allstate contracts are directed to Everlake's servicing operation. The SSPA court process is identical; the practical difference is simply the entity that acknowledges the order. Make sure your buyer knows the contract originated with Allstate Life so paperwork is addressed correctly the first time.
Every transfer, regardless of issuer, requires approval by a judge under your state's Structured Settlement Protection Act. See how court approval works and your state's rules.
What You Need to Get a Quote
To get an accurate quote for payments issued by Allstate, have these ready:
- Your settlement agreement or a copy of the annuity contract
- A recent benefits letter showing your remaining payment schedule
- Any prior transfer court orders, if you have sold payments before
If you cannot locate the benefits letter, the issuer can reissue one - your buyer can also request it with your authorization.
Frequently Asked Questions
Can I sell my Allstate structured settlement payments?
Yes. Structured settlement payment rights can be sold regardless of which insurance company issues the annuity, subject to court approval under your state's Structured Settlement Protection Act. The original issuer's book has been transferred to a successor administrator; contracts are honored on the original terms and remain fully sellable.
Does the insurance company have to approve my sale?
The issuer does not decide whether you can sell - a judge does. The issuer's role is to acknowledge the court order and redirect the sold payments to the buyer. Issuers process these transfers routinely.
Will selling affect my remaining payments?
No. Any payments you keep continue exactly as scheduled. In a partial sale, the issuer splits your payments per the court order: the sold portion goes to the buyer and the rest still comes to you.
Sell My Structured Settlement Cash is not affiliated with, endorsed by, or sponsored by Allstate. Company names are used for identification only; all trademarks belong to their respective owners. We help payment holders sell payment rights issued by this and other insurers, subject to court approval.