If you originally received an Allstate structured settlement, your annuity is now serviced by Everlake Life Insurance Company. Allstate sold its structured settlement business to Everlake (backed by Blackstone) in November 2021. All transfer requests now go through Everlake, not Allstate. We see a lot of former Allstate annuities, and the transition to Everlake has not changed the transfer process in any meaningful way. The one thing to know about is their 6-month rule.
Allstate/Everlake's 6-Month Transfer Rule
Everlake has a policy that restricts new transfer petitions within 6 months of the filing date of a prior transfer petition. If you've previously sold structured settlement payments, you'll need to wait 6 months from the date the prior petition was filed with the court before filing a new one.
That said, exceptions to this rule do exist in certain circumstances. If you believe your situation may qualify for an exception, contact CSF at (800) 317-3769. We can review your case and advise whether an exception may apply.
How to Get Your Everlake Benefits Letter (Verification of Benefits)
To sell your structured settlement payments, you'll typically need a benefits letter (also called a Verification of Benefits) from Everlake. Here is how to request one:
- Phone: Call Everlake Structured Settlement Customer Service at (833) 879-0775
- Fax: (833) 636-0034
- Email: ELCustomerService@everlake.nttdata.com
- Mail: Everlake Structured Settlement Department, P.O. Box 81007, Lincoln, NE 68501
You'll need your policy or contract number (which may still show your original Allstate number), your full name, and your Social Security number.
Note: Due to Everlake's transition to new servicing systems, response times may be longer than typical. expect 10 to 20 business days. Follow up if you haven't heard back.
Tip: You don't need a benefits letter to get a free quote from CSF. Call us at (800) 317-3769 and we can help you gather the information we need.
How CSF Handles Everlake Transfers
- Free quote: call (800) 317-3769 or request online
- CSF reviews your payment schedule and structures the transaction
- We handle all court filings and paperwork, working directly with Everlake
- After court approval, Everlake processes the transfer
- You receive your lump sum
We have handled dozens of Everlake transfers and know their process inside and out. One thing we have noticed: Everlake's response times on VOB letters can run longer than other issuers since their system transition. We account for that in our timelines so there are no surprises.