The short answer
Yes. Allstate is a real, licensed insurance company, and an Allstate life insurance policy is a real contract. There is one wrinkle worth knowing, and it is why most people end up on this page: Allstate sold its life and annuity business in 2021, so policies issued by Allstate Life Insurance Company are now issued and serviced under the name Everlake Life Insurance Company, and New York policies moved separately to Wilton Re. If either of those names is on your mail, you are looking at a licensed insurer holding the same contract you signed.
The Allstate Corporation trades on the New York Stock Exchange under the ticker ALL, and its filings with the Securities and Exchange Commission record that it completed the sale of Allstate Life Insurance Company and certain affiliates on November 1, 2021.
You bought Allstate, and now the mail says Everlake
Almost nobody in this situation went looking for a company called Everlake. You bought a life policy from Allstate, a brand you have seen on television your whole life, and years later an envelope turns up from a name you have never heard of, about a policy number you only half recognise. That is the whole reason this question gets typed into a search bar, and it is a fair thing to wonder about. Here is what happened. Allstate sold its life and annuity business, and the sale closed on November 1, 2021. The insurer that had been called Allstate Life Insurance Company was renamed Everlake Life Insurance Company under its new ownership. Your contract was never the thing being sold. The company that holds it was. Then a second unfamiliar name shows up, because Everlake has since moved day to day servicing away from Allstate to an outside administrator, Transaction Applications Group, so some letters carry that name as well. The real risk here is not fraud. It is that people quietly bin mail from a company they do not recognise, and a lapse notice, a premium change or a beneficiary request goes unanswered.
How to check it yourself in about a minute
You should never have to take our word for it, or the company's. Every one of these is free, public, and works for any insurer you ever want to look up.
- Look up the issuing insurer, not the Allstate brand. Search your state department of insurance licence lookup for the company named on your document, usually Everlake Life Insurance Company, or Wilton Re Life Company of New York if you live in New York. naic.org points you to the right state site. An authorised insurer appears straight away.
- Find the issuing company on your original contract. Pull out the policy itself and read the company name on the first page. An Allstate era contract normally names Allstate Life Insurance Company or Allstate Assurance Company, and in New York, Allstate Life Insurance Company of New York. The first two are the companies that became Everlake, and the New York company is the one that went to Wilton Re, so page one tells you which trail your policy followed.
- Match the policy number, not the letterhead. Compare the policy number on the letter against a statement or policy packet you already hold. Servicers group transferred policies by their number ranges, so the number itself is the strongest link between old paperwork and new mail. Letterhead is easy to imitate. A matching policy number is not.
- Check the servicer name on the company's own website. This check is specific to these policies. Everlake states on everlakelife.com that servicing for its remaining products has migrated from Allstate to Transaction Applications Group, Inc. In New York, Wilton Re lists the former Allstate Life Insurance Company of New York block on its own policyholder page. If the name on your letter appears there, the company has confirmed it for you in public.
- Reach the company through details you found yourself. If you want to call or write, use the contact route on your own policy documents or on a company website you navigated to directly, rather than a number printed on an unexpected letter. That habit protects you with any sender, not only this one.
- Check financial strength independently. Insurer financial strength ratings are published by the rating agencies and can be looked up free at ambest.com. That answers a different question from licensing, and with a newly named company it is worth the two minutes.
What is actually going on
- The sale was real and your contract went with it. Allstate completed the sale of Allstate Life Insurance Company and certain affiliates on November 1, 2021 to Everlake US Holdings Company, an affiliate of an investment fund associated with The Blackstone Group, and the insurer was renamed Everlake Life Insurance Company. When a block of policies changes hands, the death benefit, the premium, the cash value and the beneficiaries are set by the contract, not by the name of the owner.
- Everlake is the same insurer wearing a new name. Everlake was established on November 1, 2021 through the acquisition of Allstate Life Insurance Company, in business since 1957, and Allstate Assurance Company. Its home office is in Northbrook, Illinois, at the same address Allstate Life Insurance Company filed under before the sale, and Everlake reports more than 1.5 million policies in force.
- New York policyholders got a different letter. Allstate Life Insurance Company of New York was sold separately, to Wilton Reassurance Company, and that sale closed on October 1, 2021, a month before the rest of the business. Those policies are serviced under Wilton Re Life Company of New York, which lists the former Allstate Life Insurance Company of New York business openly on its own policyholder page. Two different new names for one old company is confusing, but both are licensed insurers.
- Servicing moved a second time, which is normal. Everlake has migrated servicing for its remaining products from Allstate to Transaction Applications Group, Inc. Outside administrators handling the day to day work of a closed block of policies is standard practice in this industry, and it does not change who owes the claim.
- Allstate agents still offer life insurance, from other insurers. Allstate's own life insurance page states that the life insurance it offers comes from third party companies that are not affiliated with Allstate, and that each of those companies is responsible for the products it issues. So a policy bought through an Allstate agent recently may name an insurer that has no connection to the one on a policy bought through an Allstate agent twenty years ago. Both can be perfectly legitimate.
Common questions
Why does my Allstate life insurance policy now say Everlake?
Because the insurer that issued it was sold and renamed. Allstate completed the sale of Allstate Life Insurance Company and certain affiliates on November 1, 2021 to a buyer backed by an investment fund associated with The Blackstone Group, and the insurer took the name Everlake Life Insurance Company. It is the same company and the same policy file, under new ownership and a new name.
Did my coverage change when Allstate sold the life business?
No. A sale transfers the company, not the terms of the contracts inside it. Your death benefit, your premium, any cash value and your named beneficiaries are what your policy says they are. If something on a statement looks different to you, compare it against your policy schedule first, because that document is the authority.
Is Everlake a real insurance company?
Yes. Everlake Life Insurance Company is a licensed United States life insurer with its home office in Northbrook, Illinois, and it holds the business that was Allstate Life Insurance Company. You can confirm its licence in your own state through your department of insurance in about a minute, which is the check worth doing before you act on any letter.
My letter says Wilton Re and I live in New York. Is that connected?
Yes. Allstate Life Insurance Company of New York was sold to Wilton Reassurance Company rather than to the buyer of the rest of the business, and that sale closed on October 1, 2021, so New York policies are serviced under Wilton Re Life Company of New York. Wilton Re lists the former Allstate Life Insurance Company of New York block on its own policyholder page, which makes it easy to confirm.
Does Allstate still sell life insurance?
Allstate agents still offer life insurance, but Allstate's own life insurance page says it comes from third party companies that are not affiliated with Allstate, with each company responsible for the products it issues. That is worth knowing when you compare an older Allstate policy against a newer quote, because the insurer standing behind each one may be different.
I searched "is Allstate life insurance a scam" because the Everlake name was unfamiliar. Was I wrong to worry?
Not at all, and checking was the right instinct. The answer is no. An unfamiliar insurer name is nearly always the result of a sale, a rename or a change of administrator, and here it is all three at once. Your state licence lookup settles it in about a minute, and the companies involved say plainly on their own sites which Allstate business they now hold.
Should I keep an Allstate policy I already have?
Often yes, and that is a genuinely good outcome. Coverage issued years ago was priced on the health you had then, and replacing it later can cost more or may not be available on the same terms. Find your policy schedule, confirm the death benefit and the premium, and understand what you hold before you change anything.
How can I check that an insurance company is licensed in my state?
Every state runs a free public lookup through its department of insurance, and the National Association of Insurance Commissioners keeps a consumer portal at naic.org that points you to the right one. Search the insurer by name and you will see whether it is authorised to write business in your state. It takes about a minute and it works for any company, not just this one.
I got mail about a policy I do not remember buying. What should I do?
Do not ignore it, and do not act on the letter alone. Match the policy number on the letter against your own records first. If it matches something you hold, the mail is almost certainly a servicing notice or a rebrand notice. If nothing matches, contact the insurer using the details on your own statement or on the company website you looked up yourself, rather than a number printed on an unexpected letter. That habit protects you generally, whoever the sender is.
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This guide is general information, not legal, tax, or financial advice. Licensing and company details change, so confirm anything important with your state department of insurance. Policy Review Center is a free comparison and referral service, not an insurance agency, insurer, or producer, and it connects you with independent licensed agents. Carrier names are used for reference only and do not imply any endorsement or affiliation.