Allstate Life Insurance

Allstate Life Insurance: Current Status, History, and What It Means for Consumers

Allstate has a long history in life insurance, but its role in the market has changed significantly. Today Allstate no longer underwrites its own individual life insurance policies. Instead, Allstate agents distribute life insurance products underwritten by partner carriers. Existing older Allstate-branded life policies have largely been transferred to other companies through previous sales.

This page clarifies the current situation, the history of key divestitures, and what American consumers should know when considering life insurance through Allstate channels.

Current Status of Allstate Life Insurance (2026)

Allstate sold Allstate Life Insurance Company (its primary life insurance manufacturing subsidiary) to entities managed by Blackstone in 2021. That business was rebranded as Everlake Life Insurance Company. As a result:

• Allstate no longer issues or underwrites its own individual life insurance policies.
• New life insurance sold through Allstate agents is underwritten by third-party partners (commonly including Protective Life, John Hancock, Corebridge Financial, and others depending on the product and state).
• Existing policies originally issued by Allstate Life are now administered by Everlake (or, in some New York cases, by other entities such as Wilton Re following separate transactions).

Allstate agents continue to offer life insurance as part of a broader financial-services conversation, often alongside auto and home policies, but the contractual guarantees and claims-paying responsibility rest with the issuing partner company, not Allstate itself.

Lincoln Benefit Life: Historical Context

Lincoln Benefit Life was a life and annuity company that Allstate owned and later sold:

• In 2013–2014 Allstate sold Lincoln Benefit Life to Resolution Life Holdings.
• The sale covered much of the business distributed through independent agencies, along with certain annuity and long-term care blocks.
• Existing Lincoln Benefit Life contracts remain in force and are serviced under the new ownership structure. No new policies are issued under the Lincoln Benefit Life name through Allstate.

This divestiture was part of Allstate’s broader strategy to reduce exposure to spread-based life and annuity businesses and focus more tightly on property-casualty insurance and agency-distributed protection products.

What Life Insurance Products Can Be Purchased Through Allstate Agents Today?

Allstate agents can typically offer a range of life insurance products from partner carriers, which may include:

Term Life Insurance
Flexible term lengths (often 10–40 years depending on the partner), various face amounts, and common riders such as accelerated death benefit, waiver of premium, or children’s term. Conversion options to permanent coverage are frequently available during a specified period.

Permanent Life Insurance

• Whole life
• Universal life
• Indexed universal life (IUL)
• Variable universal life (in some cases)

These products are issued and administered by the partner carriers. Features, guarantees, cash-value performance, and available riders depend on the specific product and underwriter, not on Allstate.

Some partners also offer wellness or incentive programs (for example, certain John Hancock Vitality-linked features) that can reward healthy behaviors with premium credits or other benefits.

Important Distinctions for Consumers

Aspect	New Policies Sold via Allstate Agents	Older Allstate-Issued Policies	Lincoln Benefit Life Policies
Who underwrites / pays claims	Partner carriers (e.g., Protective, John Hancock, Corebridge)	Everlake Life (or successor entities)	Resolution Life / related entities
New sales available	Yes, through Allstate agents	No	No
Brand on policy	Partner company name	Often still shows historical Allstate branding or updated to Everlake	Lincoln Benefit Life / successor
Service contacts	Partner carrier + Allstate agent	Everlake (or NY successor)	Resolution Life / current administrator

Key Considerations When Buying Life Insurance Through Allstate

• The financial strength rating that matters for claims-paying ability is that of the issuing partner company, not Allstate’s property-casualty ratings.
• Bundling life insurance with Allstate auto or home policies may still offer convenience and potential multi-policy discounts or relationship benefits through the agent, but the life policy itself is a separate contract with the partner carrier.
• Quotes, underwriting, policy illustrations, and ongoing service for permanent products generally require working with a licensed Allstate agent; fully online instant-issue options are more limited than with some direct-to-consumer carriers.
• Existing policyholders should check their policy documents or contact the current administrator (Everlake, Resolution Life, or the partner shown on the contract) for service, billing, and claims questions.

Frequently Asked Questions

Does Allstate still sell its own life insurance?
No. Allstate no longer underwrites individual life insurance. Agents sell products issued by partner companies.

What happened to my old Allstate Life policy?
Most non-New York policies were transferred to Everlake Life Insurance Company (Blackstone-managed) following the 2021 sale. Policy terms and guarantees remain in force under the new administrator.

Can I still buy life insurance from an Allstate agent?
Yes. Agents can offer term and permanent life products from partner carriers.

Is Lincoln Benefit Life still selling policies?
No. New sales stopped after the sale to Resolution Life. Existing contracts continue to be serviced.

Who do I contact for service on an existing policy?
Check the most recent statement or policy documents for the current administrator’s contact information (Everlake, Resolution Life, or the partner carrier).

Conclusion

Allstate remains a major distribution channel for life insurance through its large agent network, but it no longer manufactures or underwrites its own individual life policies. Older Allstate Life and Lincoln Benefit Life blocks have been sold and are now administered by other companies (primarily Everlake and Resolution Life entities).

Consumers interested in life insurance through Allstate should focus on the specific partner product being offered, review the issuing company’s financial strength and product details, and compare options carefully. Working with a knowledgeable Allstate agent can provide convenience, especially for customers who already have auto or home policies, but independent shopping across multiple carriers is still advisable to ensure competitive pricing and the best product fit.

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Read more:

Life Insurance in the U.S. – Life Insurance in the U.S.

Best Life Insurance Policies – Best Life Insurance Policies

Life Insurance for Americans Aged 50-59 – Life Insurance for Americans Aged 50–59

Life insurance after 60 – Life insurance after 60

Term Life Insurance in the U.S. – Term Life Insurance in the U.S.

Umbrella Insurance – Umbrella Insurance

Using Insurance in Estate Planning – Using Insurance in Estate Planning

Whole Life Insurance in the U.S. – Whole Life Insurance in the U.S.