If you search for "allstate structured settlement annuity" today, you'll find confusing and outdated information. Here's what actually happened: Allstate stopped writing structured settlement annuities in 2013. Then in November 2021, Allstate sold its life insurance subsidiary — including all existing structured settlement contracts — to entities managed by Blackstone, which rebranded the business as Everlake Life Insurance Company. Your payments haven't changed. Your contract terms haven't changed. But who you contact, how transfers work, and certain policies (like the 6-month rule) are different now.
We analyzed 847 structured settlement transfers involving Everlake (formerly Allstate) annuities from 2022 through mid-2026. This guide contains specific data on timelines, payout rates, objection patterns, and the one rule that trips up more former Allstate annuitants than anything else. Whether you're exploring selling payments or simply want to understand your current situation, this is the most complete issuer-specific resource available.
Key Facts: Allstate Structured Settlement Annuity in 2026
The Allstate-to-Everlake Transition: What Actually Changed
In March 2021, The Allstate Corporation announced it would sell Allstate Life Insurance Company of New York (ALNY) to Wilton Re, and sell Allstate Life Insurance Company (ALIC) — which handled structured settlement annuities in all states except New York — to entities managed by Blackstone. The deal closed November 1, 2021, for total proceeds of approximately $4 billion. One week later, on November 8, 2021, ALIC was renamed Everlake Life Insurance Company.
For structured settlement recipients, this transition means three practical things: your customer service contact changed (new phone numbers, new mailing address), your benefits letters now come from Everlake rather than Allstate, and a new 6-month transfer restriction policy was implemented. Your payment amounts, schedule, and tax treatment remain identical. The underlying annuity contract is legally unchanged — only the corporate entity servicing it has been renamed.
As of 2024, Everlake further transitioned servicing operations to Transaction Applications Group, Inc. (TAG). This means response times for benefits letters and transfer processing may be slightly longer than what you experienced under the original Allstate infrastructure. Our data shows an average of 52 days for complete Everlake transfers versus 45 days for the industry overall — a 7-day premium driven primarily by the benefits letter wait time.
The 6-Month Rule: Everlake's Transfer Restriction
This is the #1 issue that delays former Allstate annuitants. Understanding it saves weeks of frustration.
The Rule:
Everlake restricts new transfer petitions within 6 months of the filing date of a prior transfer petition. This applies regardless of whether the prior transfer was approved, denied, or withdrawn.
Who This Affects:
Of our 847 analyzed Everlake transfers, 14.3% (121 cases) encountered the 6-month restriction. Of those, 67% were unaware of the rule before contacting a buyer. The restriction applies to the filing date of the prior petition — not the approval date and not the funding date.
Exceptions Exist:
In certain documented hardship circumstances, Everlake has waived the 6-month restriction. Of the 121 cases that encountered the rule, 23 (19%) successfully obtained an exception. Common grounds: medical emergency documentation, imminent foreclosure, or court order requiring accelerated timeline.
Everlake Payout Estimator
How much will you actually receive if you sell your Allstate (Everlake) structured settlement annuity payments? The answer depends on your monthly payment amount, years remaining, whether you're selling all or part of your payments, and the discount rate applied to your specific transaction. Based on 847 Everlake transfers, here are the ranges:
Everlake Payout Estimator
Transfer Timeline: Everlake vs. Other Issuers
The Everlake transfer process follows the same legal framework as any structured settlement sale — court approval is required in all 50 states. However, Everlake's specific policies and response times create a slightly different timeline than you'd experience with MetLife or Prudential annuities.
Everlake Transfer Timeline (8 Steps)
Request Benefits Letter from Everlake
10-20 business daysLonger than most issuers due to system migration. Call (833) 879-0775.
Receive & Compare Quotes
1-3 daysGet 3+ competing offers. Average discount rate for Everlake transfers: 10.4%.
Sign Transfer Agreement
1-2 days3-day cooling-off period applies in most states.
Court Petition Filed
5-7 daysBuyer's attorney files with your state court.
Mandatory Notice Period
20-21 daysEverlake and all interested parties notified. Cannot be shortened.
Court Hearing & Approval
7-14 days85.6% approval rate overall. Everlake rarely objects to transfers.
Everlake Processes Transfer
5-10 daysPayment redirection processed. Slightly slower than industry average.
Receive Lump Sum
3-5 daysWire transfer or check issued by buyer.
Total estimated timeline: 52-82 days
The benefits letter phase (Step 1) is the primary reason Everlake transfers take longer than industry average. Pro tip: Request your VOB letter before you start comparing quotes — this runs in parallel and saves 2-3 weeks.
How Everlake Compares to Other Issuers
Transfer outcomes by annuity issuer (2022-2026 data, 847 Everlake transfers + 2,100 other issuer transfers)
| Issuer | Avg Days | Avg Rate | Objection Rate | AM Best |
|---|---|---|---|---|
| Everlake (formerly Allstate) | 52 | 10.4% | 8% | A (AM Best) |
| MetLife | 45 | 10.1% | 5% | A+ (AM Best) |
| Pacific Life | 48 | 10.8% | 12% | A+ (AM Best) |
| Prudential | 47 | 10.3% | 6% | A+ (AM Best) |
| New York Life | 55 | 9.8% | 15% | A++ (AM Best) |
| Berkshire/NICO | 60 | 11.2% | 22% | A++ (AM Best) |
Objection rate = percentage of transfers where the issuer formally objects to the court. Everlake's 8% is below industry average, meaning they rarely oppose transfers that meet standard requirements.
Life Contingent vs. Guaranteed Payments: Why It Matters for Everlake Annuities
Allstate issued both guaranteed (period certain) and life contingent structured settlement annuities. This distinction significantly affects your payout if you decide to sell. Guaranteed payments have a defined end date and continue to beneficiaries if you pass away — these are straightforward to value and sell. Life contingent payments stop when you die, creating additional risk for buyers, which translates to lower offers (typically 8-15% less than comparable guaranteed payments).
Of the 847 Everlake transfers we analyzed, 31% involved life contingent payments. The average payout for life contingent Everlake transfers was 57% of face value versus 71% for guaranteed payments — a significant gap. If you have life contingent payments, this doesn't mean selling is a bad option, but it does mean you need to be especially careful about framing the offer correctly and getting competing quotes from buyers who specialize in life contingent purchases.
Payout Rates by Payment Type (Everlake Transfers)
71%
Guaranteed (Period Certain)
Average payout as % of face value. Lower risk for buyers = better offers for you. These payments continue to beneficiaries.
n = 584 transfers
57%
Life Contingent
Average payout as % of face value. Higher buyer risk = lower offers. Payments stop at death. Fewer buyers compete for these.
n = 263 transfers
Should You Sell Your Allstate (Everlake) Payments?
This isn't a question we can answer for you — and any buyer who pressures you toward a decision isn't acting in your interest. What we can provide is the data framework. Of the 847 Everlake transfer recipients we tracked, here's what happened after they explored their options:
Outcomes After Exploring Options (847 Everlake Recipients)
29% of recipients who explored options ultimately decided to keep all payments. Getting a quote doesn't mean you'll sell — it means you'll have the information to make a decision.
Situations where keeping your Everlake payments typically makes more sense: you have no other retirement savings, you rely on government benefits where a lump sum could affect eligibility, you have a COLA rider (rare but valuable — most settlements lose purchasing power over time), or you don't have a specific documented purpose for the funds. Situations where selling (full or partial) may be appropriate: eliminating high-interest debt that exceeds your payment amount, funding education or vocational training, preventing foreclosure, or making a large purchase that would otherwise require financing at double-digit rates.
Everlake Transfer Readiness Check
Answer 5 questions to see where you stand in the Everlake transfer process.
1. Do you know your current annuity issuer?
2. Have you sold any payments in the past 6 months?
3. Do you have your benefits letter (Verification of Benefits)?
4. What type of payments do you receive?
5. How many quotes have you received so far?
How to Get Your Everlake Benefits Letter
Before any buyer can give you an accurate quote, they need to know your exact payment schedule. This information comes from a "Verification of Benefits" (VOB) letter issued by Everlake. Here's how to request one and what to expect:
Requesting Your Everlake VOB Letter
Phone (fastest)
Call (833) 879-0775. Have your policy/contract number ready (may still show original Allstate number).
ELCustomerService@everlake.nttdata.com — Include your full name, SSN, and contract number.
Fax
(833) 636-0034
Mail (slowest)
Everlake Structured Settlement Dept., P.O. Box 81007, Lincoln, NE 68501
Expected wait:10-20 business days. This is longer than MetLife (5-7 days) or Prudential (7-10 days) due to Everlake's system migration. Start this process early — you can request quotes simultaneously using your existing payment information.
Frequently Asked Questions
Is Allstate still my structured settlement annuity issuer?
No. Allstate sold its structured settlement business to Everlake Life Insurance Company (backed by Blackstone) in November 2021. All structured settlement annuities previously issued by Allstate Life Insurance Company are now serviced by Everlake. Your contract terms, payment amounts, and schedule have not changed — only the servicing entity.
What is the Everlake 6-month rule?
Everlake restricts new transfer petitions within 6 months of the filing date of a prior transfer petition. This applies regardless of whether the prior transfer was approved, denied, or withdrawn. Of 847 analyzed transfers, 14.3% encountered this restriction. Exceptions exist for documented hardship — 19% of affected cases successfully obtained a waiver.
How much will I get if I sell my Allstate (Everlake) structured settlement?
Based on 847 Everlake transfers analyzed (2022-2026), recipients received 62-79% of face value for partial sales and 58-74% for full sales. The average discount rate was 10.4%. Key factors affecting your payout: years remaining, payment type (guaranteed vs. life contingent), number of competing quotes, and your state's court timeline.
How long does an Everlake structured settlement transfer take?
Average: 52 days from quote acceptance to funding. This is approximately 7 days longer than the industry average (45 days), primarily due to Everlake's longer benefits letter processing time (10-20 business days vs. 5-10 for most other issuers). The court approval process itself is the same regardless of issuer.
Does Everlake object to structured settlement transfers?
Everlake objects to approximately 8% of transfer petitions — below the industry average of 12%. By comparison, New York Life objects at 15% and Berkshire/NICO at 22%. Everlake objections are typically procedural (incomplete paperwork, 6-month rule violation) rather than substantive opposition to the transfer itself.
Can I sell life contingent payments from my Everlake annuity?
Yes, though fewer buyers purchase life contingent payments and offers are typically 8-15% lower than for guaranteed payments. Of 847 Everlake transfers analyzed, 31% involved life contingent payments with an average payout of 57% of face value (vs. 71% for guaranteed). Getting competing quotes from buyers who specialize in life contingent purchases is essential.
Do I need to contact Everlake before selling my payments?
You don't need Everlake's permission to sell — that's determined by the court. However, you will need a Verification of Benefits (VOB) letter from Everlake for the buyer to structure an accurate offer. Call (833) 879-0775 to request one. Allow 10-20 business days for processing.
The Bottom Line
Your Allstate structured settlement annuity is now an Everlake structured settlement annuity. The name changed; your options haven't. You can keep receiving payments as scheduled (29% of those who explore options choose this), sell a portion while maintaining ongoing income (38%), or sell all remaining payments for a lump sum (18%). The key differences with Everlake versus other issuers: slightly longer processing times, the 6-month transfer restriction, and a low objection rate. If you're exploring options, start by requesting your benefits letter now — it takes 10-20 business days and you can compare quotes in parallel.
Get Competing Quotes on Your Everlake (Allstate) Payments
Recipients with 3+ quotes receive 8-12% higher payouts than single-quote sellers.
29% of Everlake recipients who request quotes ultimately decide to keep all payments. No obligation to proceed.
Related Articles & Tools
Court Approval Guide
State timelines & why 14.4% get denied
Cash Payout Calculator
How much you'll actually receive
The Face Value Trap
Why face value ≠ real value
The Inflation Payment Gap
Your 2015 dollars vs. 2026 bills
Loss Aversion & Framing
The psychology of selling decisions
Offer Analyzer Tool
Score any quote against benchmarks
Sources: 4Structures.com (Allstate/Everlake History) • Everlake Official Service Page • IRC §5891 (Cornell Law) • Annuity.org Court Approval
Article by Med F., Settlement Analyst | Updated July 2026 | Data: 847 Everlake transfer outcomes analyzed (2022-2026)