Allstate life insurance, reviewed.
Here is the straight answer: Allstate sold its life insurance business in 2021. Most Allstate life policies are now serviced by Everlake Life Insurance Company, New York policies went to Wilton Re, and Allstate agents now offer coverage issued by partner insurers. Your policy kept its terms. This review sorts out the rest.
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What changed
The sale, and what it means for you.
Six facts cover almost every question people bring us about Allstate life insurance (per Allstate’s announcement and Everlake):
The sale, in one line
In 2021, Allstate completed the sale of its life and annuity businesses and stepped back from issuing its own life insurance. The move was announced publicly and closed that November.
A new name: Everlake
Allstate Life Insurance Company was sold to entities managed by Blackstone and renamed Everlake Life Insurance Company. Everlake now services most former Allstate life policies.
New York went to Wilton Re
Allstate Life Insurance Company of New York was sold separately to Wilton Re in October 2021. Policies issued in New York are serviced within that organization.
Your contract did not change
A sale changes who owns and services the company, not the policy you hold. The death benefit, the premium schedule, and any cash value carry on exactly as written.
Allstate still offers life insurance
Allstate agents and exclusive financial specialists now offer life insurance issued by third-party providers. You can still buy coverage through an Allstate agency; a partner insurer issues it.
Your statement settles it
The company named on your most recent statement or premium notice is the one that services your coverage. That single line answers most of the confusion on its own.
Not sure who services your Allstate policy? A licensed professional will help you confirm it and read the policy with you. No obligation.
Your options
Owner, buyer, or comparing the field.
“Allstate life insurance” means three different things today, and each comes with its own next step (see Allstate for its current lineup):
You own an older policy
Serviced by a successor
A policy Allstate issued before the 2021 sale is now serviced by Everlake or, in New York, within Wilton Re. It stays in force on its original terms; the sensible step is a quick check that it still fits.
You are buying through Allstate
A partner insurer issues it
Allstate agencies offer term and permanent coverage issued by third-party providers. Read the issuing carrier’s name on the quote; that is the company behind the promise.
You are comparing carriers
Put it beside the market
Whatever an agency quotes you, it is one company’s answer. Setting it next to two or three other A-rated carriers for the same coverage shows you where the value really sits.
Who services what
Finding the company behind your policy.
This is the question that brings most people to an Allstate life insurance review, so here it is in one table. When in doubt, the company named on your latest statement is the answer. For the day-to-day tasks themselves, billing, beneficiaries, and claims, our Allstate policy help guide walks through each one:
| Your situation | Who services it | Worth knowing |
|---|---|---|
| Bought from Allstate before the 2021 sale (most states) | Everlake Life Insurance Company | The renamed Allstate Life Insurance Company; your terms carried over as written |
| Issued in New York before the sale | Wilton Re | Allstate Life Insurance Company of New York was sold separately in October 2021 |
| Bought through an Allstate agent after the sale | The partner insurer named on the policy | Allstate agencies place coverage issued by third-party providers |
| Not sure which you have | The company on your latest statement | A free review can help you confirm it, even with old paperwork |
Servicing details come from the companies’ public announcements and can change; the company named on your statement is always the authoritative answer.
Is it a good fit?
Keep what works. Compare what’s new.
If you own an older Allstate-issued policy, the default answer is to keep it. Those contracts continue on their original terms, and many carry premiums or features that would cost more to buy again today. A review confirms the beneficiary is current and the coverage still matches your life. Our Everlake review covers the company now servicing most of them.
If you are shopping, an Allstate agency is a reasonable place to get a quote, and the coverage will be issued by a partner insurer. The move that protects you is the same one that always does: set that quote beside the wider market before you sign. Often it holds up. Sometimes another carrier wins for your age and health. Either way you will have seen it for yourself.
A sale changes the name on the statement, not the promise inside the policy. Our job is making sure that promise still lines up with your life.
Already have a policy?
Get a plain-English read on it.
If you hold a policy that says Allstate on the cover, a licensed professional will read it with you, confirm who services it now, and check that it still does the job you bought it for. Older policies are often in good shape, and when yours is, that is exactly what you will hear.
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- Which company services your policy now
- That your beneficiary is current and correct
- What any cash value has built and what it can do
- Whether the coverage amount still matches your life
Straight answers
Allstate questions, answered.
Reviewed by Aleen Alnono, licensed insurance agent (NPN 58310472) · Updated July 2026
01What happened to Allstate life insurance?
Allstate sold its life and annuity businesses in 2021. Allstate Life Insurance Company was sold to entities managed by Blackstone and renamed Everlake Life Insurance Company, and the New York company went to Wilton Re. Allstate agents now offer life insurance issued by third-party providers instead of Allstate-issued policies.
02Who services my Allstate life insurance policy now?
For most people, Everlake Life Insurance Company, the renamed Allstate Life Insurance Company. Policies issued in New York through Allstate Life Insurance Company of New York were sold to Wilton Re. Your most recent statement names the company that services yours, and a licensed professional can help you confirm it.
03Is my Allstate life insurance policy still good?
Yes. The 2021 sale changed who owns and services the company, not the contract you hold. The death benefit, the premiums, and any cash value continue under the same terms. The practical change is the name on your mail and the number you call for service.
04Does Allstate still sell life insurance?
Through its agents, yes. Allstate stopped issuing its own life policies when it exited the business in 2021, and its agents and exclusive financial specialists now offer coverage issued by third-party providers. So a newer policy bought through an Allstate agency is a contract with the partner insurer named on it.
05What life insurance can I buy through Allstate today?
Allstate agencies offer term and permanent coverage issued by partner insurers, with the exact products and carriers varying by state. The policy you end up with is issued and backed by that partner company, so it is worth reading the issuing carrier’s name on any quote you receive.
06What is Everlake Life Insurance Company?
Everlake is the renamed Allstate Life Insurance Company, with heritage back to 1957 under the Allstate name. After the 2021 sale to entities managed by Blackstone, it took the Everlake name and continues to service the life policies and annuity contracts it holds. Our Everlake review covers it in detail.
07What about Allstate life policies issued in New York?
Those were issued through Allstate Life Insurance Company of New York, which Allstate sold to Wilton Re in October 2021 in a separate transaction. The coverage continues under its original terms; the servicing simply sits within the Wilton Re organization rather than Allstate.
08How do I file a claim on an Allstate life insurance policy?
You notify the company that services the policy now, most often Everlake, and submit a claim form with a certified death certificate and the policy information. The insurer reviews the claim and pays the named beneficiaries. A licensed professional on our team can help a family reach the right company and walk through the paperwork.
09What is the financial strength rating behind these policies?
It depends on which company backs your policy now. Everlake, which services most former Allstate life policies, carries a financial-strength rating from AM Best in the tier the agency considers excellent for meeting obligations. Ratings can change and depend on the exact issuing company, so confirm the current grade for the company named on your policy at ambest.com.
10Should I keep my Allstate life insurance policy?
Often yes. The sale to Everlake is not, by itself, a reason to change anything, and older policies frequently carry terms that would be hard to buy again today. The useful step is a free review: confirm who services it, check that the amount and beneficiaries still match your life, and decide from there. A licensed professional can do that with you, and if keeping it is the right call, that is exactly what you will hear.
This is an independent review. Policy Review Center is not affiliated with or endorsed by Allstate, Everlake, or Wilton Re; company names are used for identification only. Company and product details come from the companies’ own announcements and sites and can change, so confirm current information with the servicer named on your policy. Educational only, not financial advice; any coverage changes are completed through licensed insurance professionals.
Keep reading
- Allstate life insurance policy help (billing, beneficiaries, claims, and reaching the right company, step by step).
- Everlake life insurance review (the company now servicing most former Allstate life policies).
- Everlake policy help (day-to-day service tasks once your policy carries the Everlake name).
- Shopping for new coverage? Our roundup of the best life insurance companies puts the leading carriers side by side.
- Already covered? Start with a free policy review before you change a thing.
Own one, or shopping? Either way, start here.
A licensed professional will read the policy you have or compare what the market offers today, and tell you straight what makes sense for you.