SEC Filing | The Allstate Corporation

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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 7, 2014
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FILE NO. 333-

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM S-3

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

ALLSTATE LIFE INSURANCE COMPANY
(Exact Name of Registrant)

ILLINOIS 36-2554642
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification Number)

3100 SANDERS ROAD, NORTHBROOK, ILLINOIS 60062
847-402-5000

(Address and Phone Number of Principal Executive Office)

CT Corporation
208 South LaSalle Street
Suite 814
Chicago, IL 60604
312-345-4320

(Name, Complete Address and Telephone Number of Agent for Service)

COPIES TO:

JAN FISCHER-WADE, ESQUIRE
ALLSTATE LIFE INSURANCE COMPANY
2940 S. 84th Street
Lincoln, NE 68506-4142

APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
The annuity contracts and interests thereunder covered by this registration
statement are to be issued promptly and from time to time after the effective
date of this registration statement.

If any of the securities being registered on this Form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box: / /

If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest
reinvestment plans, check the following box. /X/

If this Form is filed to register additional securities for an offering pursuant
to Rule 462(b) under the Securities Act, please check the following box and list
the Securities Act registration statement number of the earlier effective
registration statement for the same offering. / /

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under
the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. / /

If this Form is a registration statement pursuant to General Instruction I.D. or
a post-effective amendment thereto that shall become effective upon filing with
the Commission pursuant to Rule 462(e) under the Securities Act, check the
following box: / /

If this Form is a post-effective amendment to a registration statement filed
pursuant to General Instruction I.D. filed to register additional securities or
additional classes of securities pursuant to Rule 413(b) under the Securities
Act, check the following box.
/ /

Indicate by checkmark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer / / Accelerated filer / /

Non-accelerated filer /X/ (Do not check if a smaller reporting company)

Smaller reporting company / /

CALCULATION OF REGISTRATION FEE

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Proposed
Title of Amount maximum maximum Proposed
securities to be to be offering price aggregate Amount of
registered registered per unit(1) offering price registration fee
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Market Value $319,501,340 $1.00 $319,501,340 $0
Adjusted Annuity
Contracts
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(1) Interests in the market value adjustment account are sold on a dollar
basis, not on the basis of a price per share or unit.

This filing is being made under the Securities Act of 1933 to register
$319,501,340 of interests in market value adjusted annuity contracts.
The interests being registered herein are carried over, as unsold
securities, from an existing Form S-3 registration statement of the same
issuer (333-177672) filed on November 2, 2011. Because a filing fee of
$58,950 previously was paid with respect to those securities, there is no
filing fee under this registration statement. In accordance with Rule 415
(a)(6), the offering of securities on the earlier registration statement
will be deemed terminated as of the effective date of this registration
statement.

CUSTOM PLUS ANNUITY

ALLSTATE LIFE INSURANCE COMPANY
P.O. BOX 660191
DALLAS, TX 75266-0191
TELEPHONE NUMBER: 1-800-654-2397
FAX NUMBER: 1-866-628-1006 PROSPECTUS DATED NOVEMBER
11, 2014

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Allstate Life Insurance Company ("Allstate Life") has issued the Custom Plus
Annuity, a group and individual flexible premium deferred annuity contract
("Contract"). This prospectus contains information about the Contract. Please
keep it for future reference.

THE CONTRACT IS NO LONGER BEING OFFERED FOR SALE. IF YOU HAVE ALREADY PURCHASED
A CONTRACT YOU MAY CONTINUE TO ADD TO IT. EACH ADDITIONAL PAYMENT MUST BE AT
LEAST $1,000.

The Contracts are available through Morgan Stanley & Co. Inc., the principal
underwriter for the Contracts.

THE SECURITIES AND EXCHANGE COMMISSION ("SEC") HAS NOT APPROVED OR DISAPPROVED
THE SECURITIES DESCRIBED IN THIS PROSPECTUS, NOR HAS IT PASSED ON THE ACCURACY OR THE
ADEQUACY OF THIS PROSPECTUS. ANYONE WHO TELLS YOU OTHERWISE IS COMMITTING A FEDERAL
CRIME.
IMPORTANT
INVESTMENT IN THE CONTRACTS INVOLVES SERIOUS INVESTMENT RISKS, INCLUDING POSSIBLE LOSS
OF PRINCIPAL.
NOTICES
THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFERING IN ANY JURISDICTION IN WHICH SUCH
OFFERING MAY NOT LAWFULLY BE MADE. WE DO NOT AUTHORIZE ANYONE TO PROVIDE ANY
INFORMATION OR REPRESENTATIONS REGARDING THE OFFERING DESCRIBED IN THIS PROSPECTUS
OTHER THAN AS CONTAINED IN THIS PROSPECTUS.

1 PROSPECTUS

TABLE OF CONTENTS
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PAGE

OVERVIEW
Important Terms 4
The Contract at a Glance 4
How the Contract Works 5
CONTRACT FEATURES
The Contract 6
Contract Owner 6
Annuitant 6
Beneficiary 6
Modification of the Contract 7
Assignment 7
WRITTEN REQUESTS AND FORMS IN
GOOD ORDER 7
Purchases and Contract Value 7
MINIMUM PURCHASE PAYMENTS 7
AUTOMATIC ADDITIONS PROGRAM 7
ALLOCATION OF PURCHASE
PAYMENTS 7
CONTRACT VALUE 7
Guarantee Periods 7
INTEREST RATES 8
HOW WE CREDIT INTEREST 8
MARKET VALUE ADJUSTMENT 9
Expenses 9
Withdrawal Charge 9
Premium Taxes 10
Access to Your Money 10
Systematic Withdrawal Program 10
Postponement of Payments 10
Return of Purchase Payment Guarantee 10
Minimum Contract Value 11

PAGE

Payout Phase 11
Payout Start Date 11
Income Plans 11
Income Payments 12
Certain Employee Benefit Plans 12
Death Benefits 12
DEATH BENEFIT AMOUNT 12
DEATH BENEFIT OPTIONS 12
OTHER INFORMATION
More Information 13
Allstate Life 13
The Contract 13
Annuities Held within a Qualified Plan 13
Legal Matters 14
Taxes 14
Taxation of Allstate Life Insurance Company 14
Taxation of Fixed Annuities in General 14
Income Tax Withholding 16
Tax Qualified Contracts 16
Annual Reports and Other Documents 21
Annual Statements 21
Market Value Adjustment 22

2 PROSPECTUS

IMPORTANT TERMS
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This prospectus uses a number of important terms with which you may not be
familiar. The index below identifies the page that defines each term. Each term
will appear in bold italics on the page on which it is first defined.

PAGE

Accumulation Phase 5
Annuitant 6
Automatic Additions Program 4
Beneficiary 6
Cash Surrender Value 10
*Contract 6
Contract Owner ("You") 5
Contract Value 4
Due Proof of Death 12
Due Proof of Death 12

PAGE

"Guarantee Periods" 4
Income Plans 11
Issue Date 5
Market Value Adjustment 4
Payout Phase 5
Payout Start Date 4
Preferred Withdrawal Amount 9
SEC 1
Systematic Withdrawal Program 10
Tax Qualified Contracts 16

* In certain states a Contract is available only as a group Contract. In
these states we issued you a certificate that represents your ownership
and summarizes the provisions of the group Contract. References to
"Contract" in this prospectus include certificates unless the context
requires otherwise.

3 PROSPECTUS

THE CONTRACT AT A GLANCE
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The following is a snapshot of the Contract. Please read the remainder of this
prospectus for more information.

FLEXIBLE PAYMENTS We have discontinued offering new Contracts. You may add to your Contract,
however each payment must be at least $1,000. You must maintain a
minimum account size of $1,000.
EXPENSES You will bear the following expenses:
o A withdrawal charge of 6% on amounts withdrawn (with certain
exceptions).
o A MARKET VALUE ADJUSTMENT (which can be positive or negative) for
withdrawals except those taken during the 45 day period after the
expiration of a Guarantee Period.
o State premium tax (if your state imposes one).
GUARANTEED INTEREST The Contract offers fixed interest rates that we guarantee for specified
periods we call "Guarantee Periods." To find out what the current rates are
on the Guarantee Periods, please call us at 1-800-654-2397.
SPECIAL SERVICES For your convenience, we offer these special services:
o AUTOMATIC ADDITIONS PROGRAM;
o SYSTEMATIC WITHDRAWAL PROGRAM.
INCOME PAYMENTS The Contract offers three income payment plans:
o life income with or without guaranteed payments (5 to 30 years);
o a joint and survivor life income with or without guaranteed payments (5
to 30 years); or
o guaranteed payments for a specified period (5 to 30 years)
DEATH BENEFITS If you or the ANNUITANT dies before the PAYOUT START DATE, we will pay
benefits as described in the Contract.
WITHDRAWALS You may withdraw some or all of your Contract value ("CONTRACT VALUE") at
any time prior to the Payout Start Date. If you withdraw Contract Value from
a Guarantee Period before its maturity, a withdrawal charge, Market Value
Adjustment, and taxes may apply. Withdrawals taken prior to annuitization
(referred to in this prospectus as the Payout Phase) are generally considered
to come from the earnings in the Contract first. If the Contract is
tax-qualified, generally all withdrawals are treated as distributions of earnings.
Withdrawals of earnings are taxed as ordinary income and, if taken prior to
age 59 1/2, may be subject to an additional 10% federal tax penalty.

4 PROSPECTUS

HOW THE CONTRACT WORKS
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The Contract basically works in two ways.

First, the CONTRACT can help you (we assume you are the "CONTRACT OWNER") save
for retirement because you can invest in the Contract and generally pay no
federal income taxes on any earnings until you withdraw or otherwise access
them. You do this during what we call the "ACCUMULATION PHASE" of the Contract.
The Accumulation Phase begins on the date we issue your Contract (we call that
date the "ISSUE DATE") and continues until the "PAYOUT START DATE," which is
the date we apply your money to provide income payments. During the
Accumulation Phase, you may allocate your purchase payment to any combination
of the Guarantee Periods. You will earn a fixed rate of interest that we
declare periodically.

Second, the Contract can help you plan for retirement because you can use it to
receive retirement income for life and/ or for a pre-set number of years by
selecting one of the income payment options (we call these "INCOME PLANS")
described at "Income Payments - Income Plans." You receive income payments
during what we call the "PAYOUT PHASE" of the Contract, which begins on the
Payout Start Date and continues until we make the last income payment required
by the Income Plan you select. During the Payout Phase we guarantee the amount
of your payments, which will remain fixed. The amount of money you accumulate
under your Contract during the Accumulation Phase and apply to an Income Plan
will determine the amount of your income payments during the Payout Phase.

The timeline below illustrates how you might use your Contract.

[GRAPHIC APPEARS HERE]

As the Contract Owner, you exercise all of the rights and privileges provided
by the Contract. If you die, any surviving Contract Owner or, if none, the
BENEFICIARY will exercise the rights and privileges provided by the Contract.
See "The Contract." In addition, if you die before the Payout Start Date we
will pay DEATH BENEFITS to any surviving Contract Owner or, if there is none,
to your Beneficiary. (See "Death Benefits.")

Please call us at 1-800-654-2397 if you have any questions about how the
Contract works.

5 PROSPECTUS

THE CONTRACT
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CONTRACT OWNER

The Custom Plus Annuity is a contract between you, the Contract Owner, and
Allstate Life, a life insurance company. As the Contract Owner, you may
exercise all of the rights and privileges provided to you by the Contract. That
means it is up to you to select or change (to the extent permitted):

o the amount and timing of your withdrawals,

o the programs you want to use to withdraw money,

o the income payment plan you want to use to receive retirement income,

o the Annuitant (either yourself or someone else) on whose life the income
payments will be based,

o the Beneficiary or Beneficiaries who will receive the benefits that the
Contract provides when the last surviving Contract Owner dies, and

o any other rights that the Contract provides.

If you die, any surviving Contract Owner or, if none, the Beneficiary may
exercise the rights and privileges provided to them by the Contract. If the
sole surviving Contract Owner dies after the Payout Start Date, the Beneficiary
will receive any guaranteed income payments scheduled to continue.

The Contract cannot be jointly owned by both a non-living person and a living
person.

Changing ownership of this Contract may cause adverse tax consequences and may
not be allowed under qualified plans. Please consult with a competent tax
advisor prior to making a request for a change of Contract Owner.

The Contract was available for purchase as an IRA or TSA (also known as a
403(b)). The endorsements required to qualify these annuities under the
Internal Revenue Code of 1986, as amended, ("Code") may limit or modify your
rights and privileges under the Contract. Allstate Life no longer issues TSA
contracts.

ANNUITANT
The Annuitant is the individual whose life determines the amount and duration
of income payments (other than under Income Plans with guaranteed payments for
a specified period). You initially designate an Annuitant in your application.
The Contract Owner (youngest Contract Owner if there is more than one) will be
the Annuitant unless you name a different Annuitant. The Annuitant must be a
living person.

You may change the Annuitant at any time prior to the Payout Start Date (only
Contract Owners that are living persons or grantor trusts have this option).
Once we accept your change request, any change will be effective on the date
you sign the written request. We are not liable for any payment we make or
other action we take before accepting any written request from you. You also
may designate a joint Annuitant, who is a second person on whose life income
payments depend.

BENEFICIARY
The Beneficiary is the person who may elect to receive the death benefit or
become the new Contract Owner subject to the Death of Owner provision if the
sole surviving Contract Owner dies before the Payout Start Date. If the sole
surviving Contract Owner dies after the Payout Start Date, the Beneficiaries
will receive any guaranteed income payments scheduled to continue.

You may name one or more Beneficiaries when you apply for a Contract. You may
change or add Beneficiaries at any time, unless you have designated an
irrevocable Beneficiary. We will provide a change of beneficiary request form
to be signed by you and filed with us. Until we receive your written request to
change a Beneficiary, we are entitled to rely on the most recent Beneficiary
information in our files. Once we accept your change request, any change will
be effective on the date you sign the written request. We are not liable for
any payment we make or other action we take before accepting any written
request from you. Accordingly, if you wish to change your Beneficiary, you
should deliver your written notice to us promptly. If the Contract Owner is a
living person, we will determine the Beneficiary from the most recent request
of the Contract Owner.

You may restrict income payments to Beneficiaries by providing us with a
written request. Once we accept the written request, the restriction will take
effect as of the date you signed the request. Any restriction is subject to any
payment made by us or any other action we take before we accept the request.

If the Contract Owner is a grantor trust, then the Beneficiary will be that
same trust. If the Contract Owner is a non-living person other than a grantor
trust, the Contract Owner is also the Beneficiary.

If you did not name a Beneficiary or if the named Beneficiary is no longer
living when the sole surviving Contract Owner dies, the Beneficiary will be:

o your spouse or, if he or she is no longer alive,

o your surviving children equally, or if you have no surviving children,

o your estate.

Children, as used in this prospectus, are natural and adopted children only,
either minor or adult.

If more than one Beneficiary survives you, we will divide the death benefit
among the surviving Beneficiaries according to your most recent written
instructions. If you have not given us written instructions in a form

6 PROSPECTUS

satisfactory to us, we will pay the death benefit in equal amounts to the
surviving Beneficiaries.

For purposes of the Contract, in determining whether a living person, including
a Contract Owner, Beneficiary, or Annuitant ("Living Person A") has survived
another living person, including a Contract Owner, Beneficiary, or Annuitant
(Living Person B"), Living Person A must survive Living Person B by at least 24
hours. Otherwise, Living Person A will be conclusively deemed to have
predeceased Living Person B.

MODIFICATION OF THE CONTRACT
Only an officer of Allstate Life may approve a change in or waive any provision
of the Contract. Any change or waiver must be in writing. None of our agents
has the authority to change or waive the provisions of the Contract. We may not
change the terms of the Contract without your consent, except to conform the
Contract to applicable law or changes in the law or except as otherwise
permitted in the Contract. If a provision of the Contract is inconsistent with
state law, we will follow state law.

ASSIGNMENT
You may assign an interest in your Contract. No Beneficiary may assign benefits
under the Contract until they are due. We will not be bound by any assignment
until you sign it and file it with us. We are not responsible for the validity
of any assignment. Federal law prohibits or restricts the assignment of
benefits under many types of retirement plans and the terms of such plans may
themselves contain restrictions on assignments. An assignment may also result
in taxes or tax penalties. YOU SHOULD CONSULT WITH AN ATTORNEY BEFORE ASSIGNING
YOUR CONTRACT.

WRITTEN REQUESTS AND FORMS IN GOOD
ORDER Written requests must include sufficient information and/or
documentation, and be sufficiently clear, to enable us to complete your request
without the need to exercise discretion on our part to carry it out. You may
contact our Customer Service Center to learn what information we require for
your particular request to be in "good order." Additionally, we may require
that you submit your request on our form. We reserve the right to determine
whether any particular request is in good order, and to change or waive any
good order requirements at any time.

If you have any questions, please contact your financial representative or call
our Customer Service Center at 1-800-755-5275.

PURCHASES AND CONTRACT VALUE
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MINIMUM PURCHASE PAYMENTS

All subsequent purchase payments must be at least $1,000. You may make purchase
payments at any time prior to the Payout Start Date. We reserve the right to
limit the maximum amount and number of purchase payments we will accept.

AUTOMATIC ADDITIONS PROGRAM

You may make subsequent purchases payments by automatically transferring money
from your bank account or your Morgan Stanley Active Assets/TM/ Account. Please
call or write us for an enrollment form.

ALLOCATION OF PURCHASE PAYMENTS

For each purchase payment, you must select a Guarantee Period. A Guarantee
Period is a period of years during which you will earn a guaranteed interest
rate on your money. You must allocate at least $1,000 to any one Guarantee
Period at the time you make your purchase payment or select a renewal Guarantee
Period.

We will apply your purchase payment to the Guarantee Period you select within 7
days of the receipt of the payment and required information.

CONTRACT VALUE

Your Contract Value at any time during the Accumulation Phase is equal to the
sum of the purchase payments you have invested in the Guarantee Periods, plus
earnings thereon, and less any amounts previously withdrawn.

GUARANTEE PERIODS
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Each payment allocated to a Guarantee Period earns interest at a specified rate
that we guarantee. Guarantee Periods may range from 1 to 10 years. You must
select a Guarantee Period for each purchase payment.

Amounts allocated to Guarantee Periods become part of our general account,
which supports our insurance and annuity obligations. The general account
consists of our general assets other than those in segregated asset accounts.
We have sole discretion to invest the assets of the general account, subject to
applicable law. You do not share in the investment experience of the general
account.

You must allocate at least $1,000 to a Guarantee Period at the time you make a
purchase payment or select a renewal Guarantee Period.

7 PROSPECTUS

INTEREST RATES

We will tell you what interest rates and Guarantee Periods we are offering at a
particular time. We will not change the interest rate that we credit to a
particular investment until the end of the relevant Guarantee Period. We may
declare different interest rates for Guarantee Periods of the same length that
begin at different times.

We have no specific formula for determining the rate of interest that we will
declare initially or in the future. We will set those interest rates based on
investment returns available at the time of the determination. In addition, we
may consider various other factors in determining interest rates including
regulatory and tax requirements, sales commissions and administrative expenses,
general economic trends, and competitive factors. We determine the interest
rates to be declared in our sole discretion. We can neither predict nor
guarantee what those rates will be in the future. For current interest rate
information, please contact your Morgan Stanley Financial Advisor or Allstate
Life at 1-800-654-2397.

HOW WE CREDIT INTEREST

We will credit interest to your initial purchase payment from the Issue Date.
We will credit interest to your additional purchase payments from the date we
receive them. We will credit interest daily to each amount allocated to a
Guarantee Period at a rate that compounds to the annual interest rate that we
declared at the beginning of the applicable Guarantee Period.

The following example illustrates how a $10,000 purchase payment would grow, if
allocated to a 5 year Guarantee Period, crediting a hypothetical 4.5% annual
interest rate:

Purchase Payment $10,000
Guarantee Period 5 Years
Annualized Effective Interest Rate 4.50%

END OF CONTRACT YEAR
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Beginning Contract Value $ 10,000.00
x (1 + Annual Interest Rate) 1.045
$ 10,450.00
Contract Value at end of Contract Year $ 10,450.00
x (1 + Annual Interest Rate) 1.045
$ 10,920.25
Contract Value at end of Contract Year $ 10,920.25
x (1 + Annual Interest Rate) 1.045
$ 11,411.66
Contract Value at end of Contract Year $ 11,411.66
x (1 + Annual Interest Rate) 1.045
$ 11,925.19
Contract Value at end of Contract Year $ 11,925.19
x (1 + Annual Interest Rate) 1.045
$ 12,461.82

Total Interest Credited During Guarantee Period = $2,461.82
($12,461.82-$10,000)

This example assumes no withdrawals during the entire 5 year Guarantee Period.
If you were to make a partial withdrawal, you may be required to pay a
withdrawal charge. In addition, the amount withdrawn may be increased or
decreased by a Market Value Adjustment that reflects changes in interest rates
since the time you invested the amount withdrawn (see "Market Value
Adjustment"). THE HYPOTHETICAL ANNUAL INTEREST RATE IS FOR ILLUSTRATIVE
PURPOSES ONLY AND IS NOT INTENDED TO PREDICT FUTURE INTEREST RATES TO BE
DECLARED UNDER THE CONTRACT. ACTUAL INTEREST RATES DECLARED FOR ANY GIVEN
GUARANTEE PERIOD MAY BE MORE OR LESS THAN SHOWN ABOVE.

RENEWALS

Before the end of each Guarantee Period, we will mail you a notice informing
you of the options available to you for the expiring Guarantee Period. During
the 30-day period after the end of the Guarantee Period, you may:

1) Take no action. We will automatically apply your money to a new Guarantee
Period of the same length as the expiring Guarantee Period. The new Guarantee
Period will begin on the day the previous Guarantee Period ends. The new
interest rate will be our then current declared rate for a Guarantee Period of
that length; or

8 PROSPECTUS

2) Instruct us to apply your money to one or more new Guarantee Periods that
may be available. The new Guarantee Period(s) will begin on the day the
previous Guarantee Period(s) ends. The new interest rate for each new Guarantee
Period will be our then current declared rates for that Guarantee Period; or

3) Withdraw all or a portion of your money from the expired Guarantee Period
without incurring a Market Value Adjustment (or a withdrawal charge to the
extent of the Free Withdrawal Amount). Amounts withdrawn will be deemed
withdrawn on the day the Guarantee Period expired. Amounts not withdrawn will
be applied to a new Guarantee Period of the same length as the previous
Guarantee Period. The new Guarantee Period will begin on the day the previous
Guarantee Period ends.

MARKET VALUE ADJUSTMENT

All withdrawals from a Guarantee Period, other than those taken within the
first 30 days of a renewal Guarantee Period are subject to a Market Value
Adjustment. A Market Value Adjustment also may apply upon payment of a death
benefit and when you apply your Contract Value to an Income Plan (other than
during the 30 day period described above).

We will not apply the Market Value Adjustment to withdrawals you make:

o to satisfy IRS minimum distribution rules for this Contract; or

o within the Preferred Withdrawal Amount, described under "Expenses", below.

We apply the Market Value Adjustment to reflect changes in interest rates from
the time the amount being withdrawn was allocated to a Guarantee Period to the
time you withdraw it.

We calculate the Market Value Adjustment by comparing the interest rate for the
Guarantee Period at its inception to the interest rate for a period equal to
the time remaining in the Guarantee Period when you remove your money, as
determined under the Contract.

The Market Value Adjustment may be positive or negative, depending on changes
in interest rates. As such, you bear the investment risk associated with
changes in interest rates. If interest rates increase significantly from the
time you make a purchase payment, the Market Value Adjustment, any applicable
withdrawal charge, premium taxes, and income tax withholding (if applicable)
could reduce the amount you receive upon full withdrawal of your Contract Value
to an amount that is less than the sum of your purchase payments plus interest
earned under your Contract. However, we guarantee that the amount received upon
surrender (prior to any withholding and before deduction for any applicable
premium taxes) will be at least equal to the purchase payments less any prior
partial withdrawals.

Generally, if the annual interest rate for the Guarantee Period at the time you
allocate your purchase payment is lower than the applicable current annual
interest rate for a period equal to the time remaining in the Guarantee Period,
then the Market Value Adjustment will result in a lower amount payable to you.
Conversely, if the annual interest rate for the Guarantee Period at the time
you allocate your purchase payment is higher than the applicable current annual
interest rate, then the Market Value Adjustment will result in a higher amount
payable to you.

For example, assume that you purchase a Contract and select an initial
Guarantee Period of 5 years that has an annual interest rate of 4.50%. Assume
that at the end of 3 years, you make a partial withdrawal, in excess of the
Preferred Withdrawal Amount. If, at that later time, the current interest rate
for a 2 year Guarantee Period is 4.00%, then the Market Value Adjustment will
be positive, which will result in an increase in the amount payable to you.
Conversely, if the current interest rate for the 2 year Guarantee Period is
5.00%, then the Market Value Adjustment will be negative, which will result in
a decrease in the amount payable to you.

The formula for calculating Market Value Adjustments is set forth in Appendix A
to this prospectus, which also contains additional examples of the application
of the Market Value Adjustment.

EXPENSES
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As a Contract Owner, you will bear the charges and expenses described below.

WITHDRAWAL CHARGE
During the Accumulation Phase, we may assess a withdrawal charge equal to 6% of
all amounts withdrawn or surrendered. However, each year you may withdraw up to
10% of the money initially allocated to the Guarantee Period from which you are
making the withdrawal, without paying a withdrawal charge. We measure each year
from the commencement of the relevant Guarantee Period. Unused portions of this
10% "PREFERRED WITHDRAWAL AMOUNT" are not carried forward to future years or
other Guarantee Periods. We will deduct withdrawal charges, if applicable, from
the amount paid unless you instruct otherwise.

9 PROSPECTUS

We also do not apply a withdrawal charge in the following situations:

o on the Payout Start Date;

o the death of the Contract Owner or the Annuitant;

o withdrawals taken to satisfy IRS minimum distribution rules for the
Contract; or

o withdrawals from a renewal Guarantee Period made

o within the first 30 days of such Period.

We use the amounts obtained from the withdrawal charge to recover the cost of
sales commissions and other promotional or distribution expenses associated
with marketing the Contracts.

Withdrawals may be subject to tax penalties or income tax and a Market Value
Adjustment. Withdrawals of earnings are taxed as ordinary income and, if taken
prior to age 59 1/2, may be subject to an additional 10% federal tax penalty.
You should consult your own tax counsel or other tax advisers regarding any
withdrawals.

PREMIUM TAXES
Some states and other governmental entities (E.G., municipalities) charge
premium taxes or similar taxes. We are responsible for paying these taxes and
will deduct them from your Contract Value. Some of these taxes are due when the
Contract is issued, others are due when income payments begin or upon
surrender. Our current practice is not to charge anyone for these taxes until
income payments begin or when a total withdrawal occurs, including payment upon
death.

We may, sometime in the future, discontinue this practice and deduct premium
taxes from the purchase payments. Premium taxes generally range from 0% to 4%,
depending on the state or other governmental entity (as applicable).

At the Payout Start Date, we deduct the charge for any applicable premium taxes
from the total Contract Value before applying the Contract Value to an Income
Plan.

ACCESS TO YOUR MONEY
--------------------------------------------------------------------------------

You can withdraw some or all of your money at any time prior to the Payout
Start Date. You may not make any withdrawals or surrender your Contract once
the Payout Phase has begun.

You must specify the Guarantee Period from which you would like to withdraw
your money. If the amount you withdraw reduces the amount invested in any
Guarantee Period to less than $1,000, we will treat the withdrawal request as a
request to withdraw the entire amount in that Guarantee Period.

The amount you receive may be reduced by a withdrawal charge, income tax
withholding, and any premium taxes. The amount you receive may be increased or
reduced by a Market Value Adjustment. If you request a total withdrawal, we may
require you to return your Contract to us.

Withdrawals taken prior to annuitization (referred to in this prospectus as the
Payout Phase) are generally considered to come from the earnings in the
Contract first. If the Contract is tax-qualified, generally all withdrawals are
treated as distributions of earnings. Distributions taken prior to age 59 1/2
may be subject to an additional 10% federal tax penalty.

Please consult your tax advisor before taking any withdrawal.

SYSTEMATIC WITHDRAWAL PROGRAM
You may choose to receive systematic withdrawal payments on a monthly,
quarterly, semi-annual, or annual basis at any time prior to the Payout Start
Date. The minimum amount of each systematic withdrawal is $100. We will deposit
systematic withdrawal payments into the Contract Owner's bank account or Morgan
Stanley Active AssetsTM Account. Please consult with your Morgan Stanley
Financial Advisor for details. Please consult your tax advisor before taking
any withdrawal.

Withdrawals taken prior to annuitization (referred to in this prospectus as the
Payout Phase) are generally considered to come from the earnings in the
Contract first. If the Contract is tax-qualified, generally all withdrawals are
treated as distributions of earnings. Withdrawals of earnings are taxed as
ordinary income and, if taken prior to age 59 1/2, may be subject to an
additional 10% federal tax penalty.

We may modify or suspend the Systematic Withdrawal Program and charge a
processing fee for the service. If we modify or suspend the Systematic
Withdrawal Program, existing systematic withdrawal payments will not be
affected.

POSTPONEMENT OF PAYMENTS
We may defer payment of withdrawals for up to six months from the date we
receive your withdrawal request or such shorter time as the law may allow.

RETURN OF PURCHASE PAYMENT GUARANTEE
When you withdraw your money, a withdrawal charge and a Market Value
Adjustment, may apply. If you decide to surrender your Contract, we guarantee
that the "Cash Surrender Value" of your Contract, which is the Contract Value,
adjusted by any Market Value Adjustment, less withdrawal charges and premium
taxes will never be less than the sum of your initial and any subsequent
purchase payments, less amounts previously withdrawn (prior to

10 PROSPECTUS

withholding and the deduction of any applicable taxes). Premium taxes and
income tax withheld may reduce the amount you receive on surrender to less than
the sum of your initial and any subsequent purchase payments. This guarantee
does not apply to earnings on purchase payments. The renewal of a Guarantee
Period does not in any way change this guarantee.

MINIMUM CONTRACT VALUE
If the amount you withdraw reduces your Contract Value to less than $1,000, we
may treat it as a request to withdraw your entire Contract Value. Your Contract
will terminate if you withdraw all of your Contract Value. We will, however,
ask you to confirm your withdrawal request before terminating your Contract.
Before terminating any Contract whose value has been reduced by withdrawals to
less than $1,000, we would inform you in writing of our intention to terminate
your Contract and give you at least 30 days in which to make an additional
purchase payment to restore your Contract's value to the contractual minimum of
$1,000. If we terminate your Contract, we will distribute to you its Contract
Value, adjusted by any Market Value Adjustment, less withdrawal and other
charges and applicable taxes.

PAYOUT PHASE
--------------------------------------------------------------------------------

PAYOUT START DATE

The Payout Start Date is the day that we apply your money to provide income
payments under an Income Plan. The Payout Start Date must be:

o at least 30 days after the Issue Date; and

o no later than the Annuitant's 90th birthday, or

o the 10th Contract anniversary, if later.

You may change the Payout Start Date at any time by notifying us in writing of
the change at least 30 days before the scheduled Payout Start Date. Absent a
change, we will use the Payout Start Date stated in your Contract.

INCOME PLANS
An Income Plan is a series of scheduled payments to you or someone you
designate. You may choose only one Income Plan. You may choose and change your
choice of Income Plan until 30 days before the Payout Start Date. If you do not
select an Income Plan, we will make income payments in accordance with Income
Plan 1 with guaranteed payments for 10 years. After the Payout Start Date, you
may not make withdrawals or change your choice of Income Plan.

A portion of each payment will be considered taxable and the remaining portion
will be a non-taxable return of your investment in the Contract, which is also
called the "basis". Once the investment in the Contract is depleted, all
remaining payments will be fully taxable. If the Contract is tax-qualified,
generally, all payments will be fully taxable. Taxable payments taken prior to
age 59 1/2, may be subject to an additional 10% federal tax penalty.

The three Income Plans available under the Contract are:

INCOME PLAN 1 - LIFE INCOME WITH GUARANTEED PAYMENTS. Under this plan, we make
periodic income payments for at least as long as the Annuitant lives. If the
Annuitant dies in the Payout Phase, we will continue to pay income payments
until the guaranteed number of payments has been paid.

INCOME PLAN 2 - JOINT AND SURVIVOR LIFE INCOME WITH GUARANTEED PAYMENTS. Under
this plan, we make periodic income payments for at least as long as either the
Annuitant or the joint Annuitant lives. If both the Annuitant and joint
Annuitant die in the Payout Phase, we will continue to pay the income payments
until the guaranteed number of payments has been paid.

INCOME PLAN 3 - GUARANTEED PAYMENTS FOR A SPECIFIED PERIOD. Under this plan, we
make periodic income payments for the period you have chosen. These payments do
not depend on the Annuitant's life. The shortest number of months guaranteed is
60; the longer number of months guaranteed is 360.

The length of any Guaranteed Payment Period under your selected Income Plan
generally will affect the dollar amount of each income payment. As a general
rule, longer guarantee periods result in lower income payments, all other
things being equal. For example, if you choose an Income Plan with payments
that depend on the life of the Annuitant but with no minimum specified period
for guaranteed payments, the income payments generally will be greater than the
income payments made under the same Income Plan with a minimum specified period
for guaranteed payments. As a general rule, plans with a joint Annuitant also
will result in lower income payments. Income plans may vary from state to
state.

We may make other Income Plans available, including ones that you and we agree
upon. You may obtain information about them by writing or calling us.

If you choose Income Plan 1 or 2, or, if available, another Income Plan with
payments that continue for the life of the Annuitant or joint Annuitant, we
will require proof of age and sex of the Annuitant or joint Annuitant before
starting income payments, and may require proof that the Annuitant or joint
Annuitant are alive before we make each payment. Please note that under such
Income Plans, if you elect to take no guaranteed payments, it is possible that
the payee could receive no income payments if the Annuitant and any joint
Annuitant both die before the first income payment, or only one income payment
if they die before the second income payment, and so on.

11 PROSPECTUS

We will apply your Contract Value, adjusted by any Market Value Adjustment,
less applicable taxes, to your Income Plan on the Payout Start Date. If your
initial monthly payments would be less than $20, and state law permits, we may:

o terminate your Contract and pay you the Contract Value, adjusted by any
Market Value Adjustment and less any applicable taxes, in a lump sum
instead of the periodic payments you have chosen, or

o reduce the frequency of your payments so that each payment will be at
least $20.

INCOME PAYMENTS
Subject to your Income Plan selection, we guarantee income payment amounts for
the duration of the Income Plan. We calculate income payments by:

o adjusting your Contract Value on the Payout Start Date by any applicable
Market Value Adjustment;

o deducting any applicable premium tax; and

o applying the resulting amount to the greater of (a) the appropriate value
from the income payment table in your Contract or (b) such other value as
we are offering at that time.

We may defer making fixed income payments for a period of up to six months or
such shorter time as state law may require. If we defer payments for 30 days or
more, we will pay interest as required by law from the date we receive the
withdrawal request to the date we make payment.

CERTAIN EMPLOYEE BENEFIT PLANS
The Contract offered by this prospectus contains income payment tables that
provide for different payments to men and women of the same age, except in
states that require unisex tables. We reserve the right to use income payment
tables that do not distinguish on the basis of sex, to the extent permitted by
law. In certain employment-related situations, employers are required by law to
use the same income payment tables for men and women. Accordingly, if the
Contract is used in connection with an employment-related retirement or benefit
plan and we do not offer unisex annuity tables in your state, you should
consult with legal counsel as to whether the Contract is appropriate.

DEATH BENEFITS
--------------------------------------------------------------------------------

We will pay a death benefit if, prior to the Payout Start Date:

1) the Contract Owner dies; or

2) the Annuitant dies.

We will pay the death benefit to the new Contract Owner as determined
immediately after the death. The new Contract Owner would be a surviving
Contract Owner or, if none, the Beneficiary.

DEATH BENEFIT AMOUNT

Prior to the Payout Start Date, the death benefit is equal to the Contract
Value plus any positive Market Value Adjustment applied in excess of the Free
Withdrawal Amount. Any applicable taxes may be deducted.

A claim for the settlement of the death benefit must include "Due Proof of
Death." We will accept the following documentation as Due Proof of Death:

o a certified copy of the death certificate;

o a certified copy of a decree of a court of competent jurisdiction as to
the finding of death; or

o any other proof acceptable to us.

DEATH BENEFIT OPTIONS

Upon death of the Contract Owner, the new Contract Owner generally has the
following 3 options:

1. receive the Cash Surrender Value within 5 years of the date of death;

2. receive the Death Benefit in a lump sum; or

3. apply the Death Benefit to an Income Plan, with income payments beginning
within one year of the date of death.

Income payments must be made over the life of the new Contract Owner, or a
period not to exceed the life expectancy of the new Contract Owner.

Options 2 and 3 above are only available if we receive Due Proof of Death
within 180 days of the date of death. We are currently waiving the 180 day
limitation but may enforce it in the future. Please refer to your Contract for
more details on the above options, including terms that apply to grantor
trusts.

If the new Contract Owner is a non-living person (other than a grantor trust),
the new Contract Owner must elect to receive the Death Benefit in a lump sum.

If the surviving spouse of the deceased Contract Owner is the new Contract
Owner, then the spouse may elect Options 2 or 3 listed above or may continue
the Contract in the Accumulation Phase as if the death had not occurred. If
there is no Annuitant at that time, the new Annuitant will be the surviving
spouse, unless the new Contract Owner names a different annuitant. If the
Contract is continued in the Accumulation Phase, the surviving spouse may make
a single withdrawal of any

12 PROSPECTUS

amount within 1 year of the date of death without incurring a withdrawal
charge.

However, any applicable Market Value Adjustment, determined as of the date of
the withdrawal, will apply. The single withdrawal amount is in addition to the
annual Preferred Withdrawal Amount.

If the Contract Owner is not the Annuitant and the Annuitant dies, then the
Contract Owner has the following 3 options:

1. continue the Contract as if the death had not occurred;

2. receive the Death Benefit in a lump sum; or

3. apply the Death Benefit to an Income Plan, which must begin within 1 year of
the date of death and must be for a period equal to or less than the life
expectancy of the Contract Owner.

The Contract Owner has 60 days from the date Allstate Life receives Due Proof
of Death to select an income plan without incurring a tax on the entire gain in
the Contract. If the Contract Owner elects to continue the Contract they will
be taxed on the entire gain in the Contract computed on the date of
continuance. We are required to report such gain to the IRS as income to the
Contract Owner. An additional 10% federal tax penalty may apply if the Contract
Owner is under age 59 1/2. Any amount included in the Contract Owner's gross
income as a result of a Contract continuance will increase the investment in
the Contract for future distributions.

For Options 1 and 3, the new Annuitant will be the youngest Contract Owner
unless the Contract Owner names a different Annuitant. Options 1 and 3 are not
available if the Contract Owner is a non-living person (other than a grantor
trust).

Options 2 and 3 above are available only if we receive Due Proof of Death
within 180 days of the date of death. We are currently waiving the 180 day
limitation, but may enforce it in the future. Please refer to your Contract for
more details on the above options, including terms that apply to grantor
trusts.

MORE INFORMATION
--------------------------------------------------------------------------------

ALLSTATE LIFE

Allstate Life is the issuer of the Contract. Allstate Life was organized in
1957 as a stock life insurance company under the laws of the State of Illinois.

Allstate Life is a wholly owned subsidiary of Allstate Insurance Company, a
stock property-liability insurance company organized under the laws of the
State of Illinois. All of the capital stock issued and outstanding of Allstate
Insurance Company is owned by The Allstate Corporation.

Allstate Life is licensed to operate in the District of Columbia, Puerto Rico,
and all jurisdictions except the State of New York. We intend to offer the
Contract in those jurisdictions in which we are licensed. Our home office is
located at 3100 Sanders Road, Northbrook, Illinois, 60062.

THE CONTRACT
DISTRIBUTION. Morgan Stanley & Co. Inc., located at 1585 Broadway, New York, NY
10036, serves as principal underwriter of the Contracts. Morgan Stanley & Co.
Inc. is a wholly owned subsidiary of Morgan Stanley Dean Witter & Co. Morgan
Stanley & Co. Inc. is a registered broker-dealer under the Securities Exchange
Act of 1934, as amended ("Exchange Act") and is a member of FINRA. Morgan
Stanley & Co. Inc. is also registered with the Securities and Exchange
Commission as an investment adviser.

We may pay broker-dealers up to a maximum sales commission of 8% on subsequent
purchase payments or upon renewal of a Guarantee Period. The underwriting
agreement with Morgan Stanley & Co. Inc. provides that we will reimburse Morgan
Stanley & Co. Inc. for any liability to Contract Owners arising out of services
rendered or Contracts issued.

ADMINISTRATION. We have primary responsibility for all administration of the
Contracts. We provide the following administrative services, among others:

o issuance of the Contracts;

o maintenance of Contract Owner records;

o Contract Owner services; and

o preparation of Contract Owner reports.

You should notify us promptly in writing of any address change. You should read
your statements and confirmations carefully and verify their accuracy. You
should contact us promptly if you have a question about a periodic statement.
We will investigate all complaints and make any necessary adjustments
retroactively, but you must notify us of a potential error within a reasonable
time after the date of the questioned statement. If you wait too long, we
reserve the right to make the adjustment as of the date that we receive notice
of the potential error.

ANNUITIES HELD WITHIN A QUALIFIED PLAN
If you use the Contract within an employer sponsored qualified retirement plan,
the plan may impose different or additional conditions or limitations on
withdrawals, waivers of withdrawal charges, death benefits, Payout Start Dates,
income payments, and other Contract features. In addition, adverse tax
consequences may result if qualified plan limits on distributions and other
conditions are not met. Please consult your qualified plan administrator for
more information. Allstate Life no

13 PROSPECTUS

longer issues deferred annuities to employer sponsored qualified retirement
plans.

LEGAL MATTERS
Certain matters of state law pertaining to the Contracts, including the
validity of the Contracts and Allstate Life's right to issue such Contracts
under applicable state insurance law, have been passed upon by Angela K.
Fontana, Vice President, General Counsel and Secretary of Allstate Life.

TAXES
--------------------------------------------------------------------------------

THE FOLLOWING DISCUSSION IS GENERAL AND IS NOT INTENDED AS TAX ADVICE. ALLSTATE
LIFE MAKES NO GUARANTEE REGARDING THE TAX TREATMENT OF ANY CONTRACT OR
TRANSACTION INVOLVING A CONTRACT.

Federal, state, local and other tax consequences of ownership or receipt of
distributions under an annuity contract depend on your individual
circumstances. If you are concerned about any tax consequences with regard to
your individual circumstances, you should consult a competent tax adviser.

TAXATION OF ALLSTATE LIFE INSURANCE COMPANY
Allstate Life is taxed as a life insurance company under Part I of Subchapter L
of the Code.

TAXATION OF FIXED ANNUITIES IN GENERAL
TAX DEFERRAL. Generally, you are not taxed on increases in the Contract Value
until a distribution occurs. This rule applies only where the Contract Owner is
a natural person.

NON-NATURAL OWNERS. Non-natural owners are also referred to as Non Living
Owners in this prospectus. As a general rule, annuity contracts owned by
non-natural persons such as corporations, trusts, or other entities are not
treated as annuity contracts for federal income tax purposes. The income on
such contracts does not enjoy tax deferral and is taxed as ordinary income
received or accrued by the non-natural owner during the taxable year.

EXCEPTIONS TO THE NON-NATURAL OWNER RULE. There are several exceptions to the
general rule that annuity contracts held by a non-natural owner are not treated
as annuity contracts for federal income tax purposes. Contracts will generally
be treated as held by a natural person if the nominal owner is a trust or other
entity which holds the contract as agent for a natural person. However, this
special exception will not apply in the case of an employer who is the nominal
owner of an annuity contract under a non-qualified deferred compensation
arrangement for its employees. Other exceptions to the non-natural owner rule
are: (1) contracts acquired by an estate of a decedent by reason of the death
of the decedent; (2) certain qualified contracts; (3) contracts purchased by
employers upon the termination of certain Qualified Plans; (4) certain
contracts used in connection with structured settlement agreements; and (5)
immediate annuity contracts, purchased with a single premium, when the annuity
starting date is no later than a year from purchase of the annuity and
substantially equal periodic payments are made, not less frequently than
annually, during the annuity period.

GRANTOR TRUST OWNED ANNUITY. Contracts owned by a grantor trust are considered
owned by a non-natural owner. Grantor trust owned contracts receive tax
deferral as described in the Exceptions to the Non-Natural Owner Rule section.
In accordance with the Code, upon the death of the annuitant, the death benefit
must be paid. According to your Contract, the Death Benefit is paid to the
surviving Contract Owner. Since the trust will be the surviving Contract Owner
in all cases, the Death Benefit will be payable to the trust notwithstanding
any beneficiary designation on the annuity contract. A trust, including a
grantor trust, has two options for receiving any death benefits: 1) a lump sum
payment; or 2) payment deferred up to five years from date of death.

TAXATION OF PARTIAL AND FULL WITHDRAWALS. If you make a partial withdrawal
under a non-Qualified Contract, amounts received are taxable to the extent the
Contract Value, without regard to surrender charges, exceeds the investment in
the Contract. The investment in the Contract is the gross premium paid for the
contract minus any amounts previously received from the Contract if such
amounts were properly excluded from your gross income. If you make a total
withdrawal under a non-Qualified Contract, the amount received will be taxable
only to the extent it exceeds the investment in the Contract.

You should contact a competent tax advisor about the potential tax consequences
of a Market Value Adjustment, as no definitive guidance exists on the proper
tax treatment of Market Value Adjustments.

TAXATION OF ANNUITY PAYMENTS. Generally, the rule for income taxation of
annuity payments received from a non-Qualified Contract provides for the return
of your investment in the Contract in equal tax-free amounts over the payment
period. The balance of each payment received is taxable. For fixed annuity
payments, the amount excluded from income is determined by multiplying the
payment by the ratio of the investment in the Contract (adjusted for any refund
feature or period certain) to the total expected value of annuity payments for
the term of the Contract. The annuity payments will be fully taxable after the
total amount of the investment

14 PROSPECTUS

in the Contract is excluded using these ratios. The federal tax treatment of
annuity payments is unclear in some respects. As a result, if the IRS should
provide further guidance, it is possible that the amount we calculate and
report to the IRS as taxable could be different. If you die, and annuity
payments cease before the total amount of the investment in the Contract is
recovered, the unrecovered amount will be allowed as a deduction for your last
taxable year.

WITHDRAWALS AFTER THE PAYOUT START DATE. Federal tax law is unclear regarding
the taxation of any additional withdrawal received after the Payout Start Date.
It is possible that a greater or lesser portion of such a payment could be
taxable than the amount we determine.

DISTRIBUTION AT DEATH RULES. In order to be considered an annuity contract for
federal income tax purposes, the Contract must provide:

o if any Contract Owner dies on or after the Payout Start Date but before
the entire interest in the Contract has been distributed, the remaining
portion of such interest must be distributed at least as rapidly as under
the method of distribution being used as of the date of the Contract
Owner's death;

o if any Contract Owner dies prior to the Payout Start Date, the entire
interest in the Contract will be distributed within 5 years after the date
of the Contract Owner's death. These requirements are satisfied if any
portion of the Contract Owner's interest that is payable to (or for the
benefit of) a designated Beneficiary is distributed over the life of such
Beneficiary (or over a period not extending beyond the life expectancy of
the Beneficiary) and the distributions begin within 1 year of the Contract
Owner's death. If the Contract Owner's designated Beneficiary is the
surviving spouse (as defined by federal law) of the Contract Owner, the
Contract may be continued with the surviving spouse as the new Contract
Owner;

o if the Contract Owner is a non-natural person, then the Annuitant will be
treated as the Contract Owner for purposes of applying the distribution at
death rules. In addition, a change in the Annuitant on a Contract owned by
a non-natural person will trigger the rules under death of the Contract
Owner.

TAXATION OF ANNUITY DEATH BENEFITS. Death Benefit amounts are included in
income as follows:

o if distributed in a lump sum, the amounts are taxed in the same manner as
a total withdrawal, or

o if distributed under an Income Plan, the amounts are taxed in the same
manner as annuity payments.

PENALTY TAX ON PREMATURE DISTRIBUTIONS. A 10% penalty tax applies to the
taxable amount of any premature distribution from a non-Qualified Contract. The
penalty tax generally applies to any distribution made prior to the date you
attain age 59 1/2. However, no penalty tax is incurred on distributions:

o made on or after the date the Contract Owner attains age 59 1/2,

o made as a result of the Contract Owner's death or becoming totally
disabled,

o made in substantially equal periodic payments over the Contract Owner's
life or life expectancy, or over the joint lives or joint life
expectancies of the Contract Owner and the Beneficiary,

o made under an immediate annuity, or

o attributable to investment in the Contract before August 14, 1982.

You should consult a competent tax advisor to determine how these exceptions
may apply to your situation.

SUBSTANTIALLY EQUAL PERIODIC PAYMENTS. With respect to non-Qualified Contracts
using substantially equal periodic payments or immediate annuity payments as an
exception to the penalty tax on premature distributions, any additional
withdrawal or other material modification of the payment stream would violate
the requirement that payments must be substantially equal. Failure to meet this
requirement would mean that the income portion of each payment received prior
to the later of 5 years or the Contract Owner's attaining age 59 1/2 would be
subject to a 10% penalty tax unless another exception to the penalty tax
applied. The tax for the year of the modification is increased by the penalty
tax that would have been imposed without the exception, plus interest for the
years in which the exception was used. A material modification does not include
permitted changes described in published IRS rulings. Not all products may
offer a substantially equal periodic payment stream.

TAX FREE EXCHANGES UNDER INTERNAL REVENUE CODE SECTION 1035. A 1035 exchange is
a tax-free exchange of a non-Qualified life insurance contract, endowment
contract or annuity contract into a non-Qualified annuity contract or into a
qualified long-term care insurance contract. The contract owner(s) must be the
same on the old and new contracts. Basis from the old contract carries over to
the new contract so long as we receive that information from the relinquishing
company. If basis information is never received, we will assume that all
exchanged funds represent earnings and will allocate no cost basis to them.

PARTIAL EXCHANGES. The IRS has issued rulings that permit partial exchanges of
annuity contracts. Effective October 24, 2011, the provisions of Revenue
Procedure 2011-38 indicate that a partial exchange, from one deferred annuity
contract to another deferred annuity contract will qualify for tax deferral. If
a distribution from either contract occurs during the 180 day period following
the date of the 1035 transfer, the IRS will apply general tax principles to
determine substance and

15 PROSPECTUS

treatment of the transfer. This may include disqualifying the original 1035
exchange or treating the withdrawn funds as a distribution from the original
contract. You should consult with a competent tax advisor with respect to
withdrawals or surrenders during this 180 day time frame.

For partial exchanges that occurred prior to October 24, 2011, the provisions
of Revenue Procedure 2008-24 will continue to apply if there is a surrender or
distribution within 12 months of the date on which the partial exchange was
completed. In such Revenue Procedure, the IRS has indicated that that where
there is a surrender or distribution from either the initial annuity contract
or receiving annuity contract within 12 months of the date on which partial
exchange was completed, the transfer will retroactively be treated as a taxable
distribution from the initial annuity contract and a contribution to a
receiving annuity contract. The tax-free exchange will not be lost for
distributions during this 12 month period if one of following exists:

o the Contract owner is age 59 1/2 or older during the 12 month period,

o the Contract owner dies or becomes totally disabled during the 12 month
period,

o the Annuitant dies when the Contract Owner is an entity during the 12
month period,

o made as a result of the Contract Owner suffering a "life event" such as a
divorce or loss of employment during the 12 month period,

o allocable to investment in the Contract before August 14, 1982 and

o made from a qualified funding asset within the meaning of Code section
130(d)

PARTIAL EXCHANGE FROM A DEFERRED ANNUITY TO LONG-TERM CARE CONTRACT. The IRS
confirmed in Notice 2011-68 that partial exchanges from a deferred annuity
contract to a qualified long-term care insurance contract can qualify as
tax-free exchanges under section 1035.

You are strongly urged to consult a competent tax advisor before entering into
any transaction of this type.

TAXATION OF OWNERSHIP CHANGES. If you transfer a non-Qualified Contract without
full and adequate consideration to a person other than your spouse (or to a
former spouse incident to a divorce), you will be taxed on the difference
between the Contract Value and the investment in the Contract at the time of
transfer. Any assignment or pledge (or agreement to assign or pledge) of the
Contract Value is taxed as a withdrawal of such amount or portion and may also
incur the 10% penalty tax.

AGGREGATION OF ANNUITY CONTRACTS. The Code requires that all non-qualified
deferred annuity contracts issued by Allstate Life (or its affiliates) to the
same Contract Owner during any calendar year be aggregated and treated as one
annuity contract for purposes of determining the taxable amount of a
distribution.

INCOME TAX WITHHOLDING
Generally, Allstate Life is required to withhold federal income tax at a rate
of 10% from all non-annuitized distributions. The customer may elect out of
withholding by completing and signing a withholding election form. If no
election is made, we will automatically withhold the required 10% of the
taxable amount. If no election is made or no U.S. taxpayer identification
number is provided we will automatically withhold the required 10% of the
taxable amount. In certain states, if there is federal withholding, then state
withholding is also mandatory.

Allstate Life is required to withhold federal income tax using the wage
withholding rates for all annuitized distributions. The customer may elect out
of withholding by completing and signing a withholding election form. If no
election is made, we will automatically withhold using married with three
exemptions as the default. If no U.S. taxpayer identification number is
provided, we will automatically withhold using single with zero exemptions as
the default. In certain states, if there is federal withholding, then state
withholding is also mandatory.

Election out of withholding is valid only if the customer provides a U.S.
residence address and taxpayer identification number.

Generally, Code Section 1441 provides that Allstate Life as a withholding agent
must withhold 30% of the taxable amounts paid to a non-resident alien not
subject to FATCA. Certain payees may be subject to the Foreign Accounts Tax
Compliance Act (FATCA) which would require 30% mandatory withholding for
certain entities. Please see your personal tax advisor for additional
information regarding FATCA. A non-resident alien is someone other than a U.S.
citizen or resident alien. We require an original IRS Form W-8 at issue to
certify the owners' foreign status. Withholding may be reduced or eliminated if
covered by an income tax treaty between the U.S. and the non-resident alien's
country of residence if the payee provides a U.S. taxpayer identification
number on a fully completed Form W-8. A U.S. taxpayer identification number is
a social security number or an individual taxpayer identification number
("ITIN"). ITINs are issued by the IRS to non-resident alien individuals who are
not eligible to obtain a social security number. The U.S. does not have a tax
treaty with all countries nor do all tax treaties provide an exclusion or lower
withholding rate for annuities.

TAX QUALIFIED CONTRACTS
The income on tax sheltered annuity (TSA) and IRA investments is tax deferred,
and the income from annuities held by such plans does not receive any
additional tax deferral. You should review the annuity features, including all
benefits and expenses, prior to

16 PROSPECTUS

purchasing an annuity as an IRA. Tax Qualified Contracts are contracts
purchased as or in connection with:

o Individual Retirement Annuities (IRAs) under Code Section 408(b);

o Roth IRAs under Code Section 408A;

o Simplified Employee Pension (SEP IRA) under Code Section 408(k);

o Savings Incentive Match Plans for Employees (SIMPLE IRA) under Code
Section 408(p);

o Tax Sheltered Annuities under Code Section 403(b);

o Corporate and Self Employed Pension and Profit Sharing Plans under Code
Section 401; and

o State and Local Government and Tax-Exempt Organization Deferred
Compensation Plans under Code Section 457.

Allstate Life reserves the right to limit the availability of the Contract for
use with any of the retirement plans listed above or to modify the Contract to
conform with tax requirements. If you use the Contract within an employer
sponsored qualified retirement plan or TSA, the plan may impose different or
additional conditions or limitations on withdrawals, waiver of charges, death
benefits, Payout Start Dates, income payments, and other Contract features. In
addition, adverse tax consequences may result if Qualified Plan and TSA limits
on distributions and other conditions are not met. Please consult your
Qualified Plan or TSA administrator for more information. Allstate Life no
longer issues deferred annuities to employer sponsored qualified retirement
plans. Allstate Life has currently suspended sales of deferred annuities to
TSAs.

The tax rules applicable to participants with tax qualified annuities vary
according to the type of contract and the terms and conditions of the
endorsement. Adverse tax consequences may result from certain transactions such
as excess contributions, premature distributions, and, distributions that do
not conform to specified commencement and minimum distribution rules. Allstate
Life can issue an individual retirement annuity on a rollover or transfer of
proceeds from a decedent's IRA, TSA, or employer sponsored retirement plan
under which the decedent's surviving spouse is the beneficiary. Allstate Life
does not offer an individual retirement annuity that can accept a transfer of
funds for any other, non-spousal, beneficiary of a decedent's IRA, TSA, or
employer sponsored qualified retirement plan.

Please refer to your Endorsement for IRAs or 403(b) plans, if applicable, for
additional information on your death settlement options. In the case of certain
Qualified Plans, the terms of the Qualified Plan Endorsement and the plans may
govern the right to benefits, regardless of the terms of the Contract.

TAXATION OF WITHDRAWALS FROM AN INDIVIDUALLY OWNED TAX QUALIFIED CONTRACT. We
do not keep track of nondeductible contributions, and generally all tax
reporting of distributions from Tax Qualified Contracts other than Roth IRAs
will indicate that the distribution is fully taxable.

"Qualified distributions" from Roth IRAs are not included in gross income.
"Qualified distributions" are any distributions made more than five taxable
years after the taxable year of the first contribution to any Roth IRA and
which are:

o made on or after the date the Contract Owner attains age 59 1/2,

o made to a beneficiary after the Contract Owner's death,

o attributable to the Contract Owner being disabled, or

o made for a first time home purchase (first time home purchases are subject
to a lifetime limit of $10,000).

"Nonqualified distributions" from Roth IRAs are treated as made from
contributions first and are included in gross income only to the extent that
distributions exceed contributions.

REQUIRED MINIMUM DISTRIBUTIONS. Generally, Tax Qualified Contracts (excluding
Roth IRAs) require minimum distributions upon reaching age 70 1/2. Failure to
withdraw the required minimum distribution will result in a 50% tax penalty on
the shortfall not withdrawn from the Contract. Effective December 31, 2005, the
IRS requires annuity contracts to include the actuarial present value of other
benefits for purposes of calculating the required minimum distribution amount.
These other benefits may include accumulation, income, or death benefits. Not
all income plans offered under the Contract satisfy the requirements for
minimum distributions. Because these distributions are required under the Code
and the method of calculation is complex, please see a competent tax advisor.

THE DEATH BENEFIT AND TAX QUALIFIED CONTRACTS. Pursuant to the Code and IRS
regulations, an IRA (E.G., traditional IRA, Roth IRA, SEP IRA and SIMPLE IRA)
may not invest in life insurance contracts. However, an IRA may provide a death
benefit that equals the greater of the purchase payments or the Contract Value.
The Contract offers a death benefit that in certain circumstances may exceed
the greater of the purchase payments or the Contract Value. We believe that the
Death Benefits offered by your Contract do not constitute life insurance under
these regulations.

It is also possible that certain death benefits that offer enhanced earnings
could be characterized as an incidental death benefit. If the death benefit
were so characterized, this could result in current taxable income to a
Contract Owner. In addition, there are limitations on the amount

17 PROSPECTUS

of incidental death benefits that may be provided under Qualified Plans, such
as in connection with a TSA or employer sponsored qualified retirement plan.

Allstate Life reserves the right to limit the availability of the Contract for
use with any of the Qualified Plans listed above.

PENALTY TAX ON PREMATURE DISTRIBUTIONS FROM TAX QUALIFIED CONTRACTS. A 10%
penalty tax applies to the taxable amount of any premature distribution from a
Tax Qualified Contract. The penalty tax generally applies to any distribution
made prior to the date you attain age 59 1/2. However, no penalty tax is
incurred on distributions:

o made on or after the date the Contract Owner attains age 59 1/2,

o made as a result of the Contract Owner's death or total disability,

o made in substantially equal periodic payments over the Contract Owner's
life or life expectancy, or over the joint lives or joint life
expectancies of the Contract Owner and the Beneficiary,

o made after separation from service after age 55 (does not apply to IRAs),

o made pursuant to an IRS levy,

o made for certain medical expenses,

o made to pay for health insurance premiums while unemployed (applies only
for IRAs),

o made for qualified higher education expenses (applies only for IRAs)

o made for a first time home purchase (up to a $10,000 lifetime limit and
applies only for IRAs), and

o from an IRA made to individuals who (because of their being members of a
reserve component) are ordered or called to active duty after September
11, 2001 for more than 179 days or for an indefinite period; and made
during the period beginning on the date of the order or call on duty and
ending at the close of the active duty period.

During the first 2 years of the individual's participation in a SIMPLE IRA,
distributions that are otherwise subject to the premature distribution penalty,
will be subject to a 25% penalty tax.

You should consult a competent tax advisor to determine how these exceptions
may apply to your situation.

SUBSTANTIALLY EQUAL PERIODIC PAYMENTS ON TAX QUALIFIED CONTRACTS. With respect
to Tax Qualified Contracts using substantially equal periodic payments as an
exception to the penalty tax on premature distributions, any additional
withdrawal or other material modification of the payment stream would violate
the requirement that payments must be substantially equal. Failure to meet this
requirement would mean that the income portion of each payment received prior
to the later of 5 years or the taxpayer's attaining age 59 1/2 would be subject
to a 10% penalty tax unless another exception to the penalty tax applied. The
tax for the year of the modification is increased by the penalty tax that would
have been imposed without the exception, plus interest for the years in which
the exception was used. A material modification does not include permitted
changes described in published IRS rulings. Not all products may offer
substantially equal periodic payment stream.

INCOME TAX WITHHOLDING ON TAX QUALIFIED CONTRACTS. Generally, Allstate Life is
required to withhold federal income tax at a rate of 10% from all
non-annuitized distributions that are not considered "eligible rollover
distributions." The customer may elect out of withholding by completing and
signing a withholding election form. If no election is made, we will
automatically withhold the required 10% from the taxable amount. Since we
cannot determine the taxable amount of distributions from a Roth IRA, we will
not automatically withhold 10%. If you request withholding from a Roth IRA
distribution, federal income tax will be withheld on the entire amount
distributed. In certain states, if there is federal withholding, then state
withholding is also mandatory. Allstate Life is required to withhold federal
income tax at a rate of 20% on all "eligible rollover distributions" unless you
elect to make a "direct rollover" of such amounts to an IRA or eligible
retirement plan. Eligible rollover distributions generally include all
distributions from Tax Qualified Contracts, including TSAs but excluding IRAs,
with the exception of:

o required minimum distributions, or,

o a series of substantially equal periodic payments made over a period of at
least 10 years, or,

o a series of substantially equal periodic payments made over the life
(joint lives) of the participant (and beneficiary), or,

o hardship distributions.

For all annuitized distributions that are not subject to the 20% withholding
requirement, Allstate Life is required to withhold federal income tax using the
wage withholding rates. The customer may elect out of withholding by completing
and signing a withholding election form. If no election is made, we will
automatically withhold using married with three exemptions as the default. If
no U.S. taxpayer identification number is provided, we will automatically
withhold the required 10% of the taxable amount. In certain states, if there is
federal withholding, then state withholding is also mandatory.

Election out of withholding is valid only if the customer provides a U.S.
residence address and taxpayer identification number.

18 PROSPECTUS

Generally, Code Section 1441 provides that Allstate Life as a withholding agent
must withhold 30% of the taxable amounts paid to a non-resident alien not
subject to FATCA. Certain payees may be subject to the Preign Accounts Tax
compliance Act (FATCA) which would require 30% mandatory withholding for
certain entities. Please see your personal tax advisor for additional
information regarding FATCA. A non-resident alien is someone other than a U.S.
citizen or resident alien. We require an original IRS Form W-8 at issue to
certify the owners' foreign status. Withholding may be reduced or eliminated if
covered by an income tax treaty between the U.S. and the non-resident alien's
country of residence if the payee provides a U.S. taxpayer identification
number on a fully completed Form W-8. A U.S. taxpayer identification number is
a social security number or an individual taxpayer identification number
("ITIN"). ITINs are issued by the IRS to non-resident alien individuals who are
not eligible to obtain a social security number. The U.S. does not have a tax
treaty with all countries nor do all tax treaties provide an exclusion or lower
withholding rate for annuities.

CHARITABLE IRA DISTRIBUTIONS. The Pension Protection Act of 2006 included a
charitable giving incentive permitting tax-free IRA distributions for
charitable purposes.

For distributions in tax years beginning after 2005 and before 2008, the Act
provides an exclusion from gross income, up to $100,000, for otherwise taxable
IRA distributions from a traditional or Roth IRA that are qualified charitable
distributions. To constitute a qualified charitable distribution, the
distribution must be made (1) directly by the IRA trustee to a certain
qualified charitable organizations and (2) on or after the date the IRA owner
attains age 70 1/2. Distributions that are excluded from income under this
provision are not taken into account in determining the individual's deduction,
if any, for charitable contributions.

The IRS has indicated that an IRA trustee is not responsible for determining
whether a distribution to a charity is one that satisfies the requirements for
the new income tax exclusion added by the Pension Protection Act. As a result
the general rules for reporting IRA distributions apply.

This provision was applicable through December 31, 2013, and has expired.

INDIVIDUAL RETIREMENT ANNUITIES. Code Section 408(b) permits eligible
individuals to contribute to an individual retirement program known as an
Individual Retirement Annuity (IRA). Individual Retirement Annuities are
subject to limitations on the amount that can be contributed and on the time
when distributions may commence. Certain distributions from other types of
qualified retirement plans may be "rolled over" on a tax-deferred basis into an
Individual Retirement Annuity.

ROTH INDIVIDUAL RETIREMENT ANNUITIES. Code Section 408A permits eligible
individuals to make nondeductible contributions to an individual retirement
program known as a Roth Individual Retirement Annuity. Roth Individual
Retirement Annuities are subject to limitations on the amount that can be
contributed and on the time when distributions may commence.

Subject to certain limitations, a traditional Individual Retirement Account or
Annuity may be converted or "rolled over" to a Roth Individual Retirement
Annuity. The income portion of a conversion or rollover distribution is taxable
currently, but is exempted from the 10% penalty tax on premature distributions.
An individual with adjusted gross income (AGI) of $100,000 or more won't be
able to rollover amounts from an eligible retirement plan into a Roth IRA.
Please note, however, that the $100,000 AGI limit will be eliminated for tax
years beginning after December 31, 2009. Effective January 1, 2005, the IRS
requires conversions of annuity contracts to include the actuarial present
value of other benefits for purposes of valuing the taxable amount of the
conversion.

ANNUITIES HELD BY INDIVIDUAL RETIREMENT ACCOUNTS (COMMONLY KNOWN AS CUSTODIAL
IRAS). Code Section 408 permits a custodian or trustee of an Individual
Retirement Account to purchase an annuity as an investment of the Individual
Retirement Account. If an annuity is purchased inside of an Individual
Retirement Account, then the Annuitant must be the same person as the
beneficial owner of the Individual Retirement Account.

If you have a contract issued as an IRA under Code Section 408(b) and request
to change the ownership to an IRA custodian permitted under Section 408, we
will treat a request to change ownership from an individual to a custodian as
an indirect rollover. We will send a Form 1099R to report the distribution and
the custodian should issue a Form 5498 for the contract value contribution.

Generally, the death benefit of an annuity held in an Individual Retirement
Account must be paid upon the death of the Annuitant. However, in most states,
the Contract permits the custodian or trustee of the Individual Retirement
Account to continue the Contract in the accumulation phase, with the
Annuitant's surviving spouse as the new Annuitant, if the following conditions
are met:

1) The custodian or trustee of the Individual Retirement Account is the owner
of the annuity and has the right to the death proceeds otherwise payable
under the Contract;

2) The deceased Annuitant was the beneficial owner of the Individual
Retirement Account;

3) We receive a complete request for settlement for the death of the
Annuitant; and

19 PROSPECTUS

4) The custodian or trustee of the Individual Retirement Account provides us
with a signed certification of the following:

(a) The Annuitant's surviving spouse is the sole beneficiary
of the Individual Retirement Account;

(b) The Annuitant's surviving spouse has elected to continue
the Individual Retirement Account as his or her own
Individual Retirement Account; and

(c) The custodian or trustee of the Individual Retirement
Account has continued the Individual Retirement Account
pursuant to the surviving spouse's election.

SIMPLIFIED EMPLOYEE PENSION IRA. Code Section 408(k) allows eligible employers
to establish simplified employee pension plans for their employees using
individual retirement annuities. These employers may, within specified limits,
make deductible contributions on behalf of the employees to the individual
retirement annuities. Employers intending to use the Contract in connection
with such plans should seek competent tax advice.

SAVINGS INCENTIVE MATCH PLANS FOR EMPLOYEES (SIMPLE IRA). Code Section 408(p)
allows eligible employers with 100 or fewer employees to establish SIMPLE
retirement plans for their employees using individual retirement annuities. In
general, a SIMPLE IRA consists of a salary deferral program for eligible
employees and matching or nonelective contributions made by employers.
Employers intending to purchase the Contract as a SIMPLE IRA should seek
competent tax and legal advice.

TO DETERMINE IF YOU ARE ELIGIBLE TO CONTRIBUTE TO ANY OF THE ABOVE LISTED IRAS
(TRADITIONAL, ROTH, SEP, OR SIMPLE), PLEASE REFER TO IRS PUBLICATION 590 AND
YOUR COMPETENT TAX ADVISOR.

TAX SHELTERED ANNUITIES. Code Section 403(b) provides tax-deferred retirement
savings plans for employees of certain non-profit and educational
organizations. Allstate Life has currently suspended sales of TSA contracts.

Under Section 403(b), any contract used for a 403(b) plan must provide that
distributions attributable to salary reduction contributions made after
12/31/88, and all earnings on salary reduction contributions, may be made only
on or after the date the employee:

o attains age 59 1/2,

o severs employment,

o dies,

o becomes disabled, or

o incurs a hardship (earnings on salary reduction contributions may not be
distributed on account of hardship).

These limitations do not apply to withdrawals where Allstate Life is directed
to transfer some or all of the Contract Value to another 403(b) plan.
Generally, we do not accept funds in 403(b) contracts that are subject to the
Employee Retirement Income Security Act of 1974 (ERISA).

CORPORATE AND SELF-EMPLOYED PENSION AND PROFIT SHARING PLANS.

Section 401(a) of the Code permits corporate employers to establish various
types of tax favored retirement plans for employees. Self-employed individuals
may establish tax favored retirement plans for themselves and their employees
(commonly referred to as "H.R.10" or "Keogh"). Such retirement plans may permit
the purchase of annuity contracts. Allstate Life no longer issues annuity
contracts to employer sponsored qualified retirement plans.

There are two owner types for contracts intended to qualify under Section
401(a): a qualified plan fiduciary or an annuitant owner.

o A qualified plan fiduciary exists when a qualified plan trust that is
intended to qualify under Section 401(a) of the Code is the owner. The
qualified plan trust must have its own tax identification number and a
named trustee acting as a fiduciary on behalf of the plan. The annuitant
should be the person for whose benefit the contract was purchased.

o An annuitant owner exists when the tax identification number of the owner
and annuitant are the same, or the annuity contract is not owned by a
qualified plan trust. The annuitant should be the person for whose benefit
the contract was purchased.

If a qualified plan fiduciary is the owner of the contract, the qualified plan
must be the beneficiary so that death benefits from the annuity are distributed
in accordance with the terms of the qualified plan. Annuitant owned contracts
require that the beneficiary be the annuitant's spouse (if applicable), which
is consistent with the required IRS language for qualified plans under Section
401(a). A completed Annuitant Owned Qualified Plan Designation of Beneficiary
form is required in order to change the beneficiary of an annuitant owned
Qualified Plan contract.

STATE AND LOCAL GOVERNMENT AND TAX-EXEMPT ORGANIZATION DEFERRED COMPENSATION
PLANS.

Section 457 of the Code permits employees of state and local governments and
tax-exempt organizations to defer a portion of their compensation without
paying current taxes. The employees must be participants in an eligible
deferred compensation plan. In eligible governmental plans, all assets and
income must be held in a trust/

20 PROSPECTUS

custodial account/annuity contract for the exclusive benefit of the
participants and their beneficiaries. To the extent the Contracts are used in
connection with a non-governmental eligible plan, employees are considered
general creditors of the employer and the employer as owner of the Contract has
the sole right to the proceeds of the Contract. Under eligible 457 plans,
contributions made for the benefit of the employees will not be includible in
the employees' gross income until distributed from the plan. Allstate Life no
longer issues annuity contracts to employer sponsored qualified retirement
plans.

ANNUAL REPORTS AND OTHER DOCUMENTS
--------------------------------------------------------------------------------

Allstate Life Insurance Company ("Allstate Life") incorporates by reference
into the prospectus its latest annual report on Form 10-K filed pursuant to
Section 13(a) or Section 15(d) of the Exchange Act and all other reports filed
with the SEC under the Exchange Act since the end of the fiscal year covered by
its latest annual report, including filings made on Form 10-Q and Form 8-K. In
addition, all documents subsequently filed by Allstate Life pursuant to
Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act also are incorporated
into the prospectus by reference. Allstate Life will provide to each person,
including any beneficial owner, to whom a prospectus is delivered, a copy of
any or all of the information that has been incorporated by reference into the
prospectus but not delivered with the prospectus. Such information will be
provided upon written or oral request at no cost to the requester by writing to
Allstate Life, P.O. Box 660191, Dallas, TX 75266-0191 or by calling
1-800-654-2397. Allstate Life files periodic reports as required under the
Securities Exchange Act of 1934. The public may read and copy any materials
that Allstate Life files with the SEC at the SEC's Public Reference Room at 100
F Street NE, Room 1580, Washington, DC 20549-2000. The public may obtain
information on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. The SEC maintains an Internet site that contains reports,
proxy, and information statements, and other information regarding issuers that
file electronically with the SEC (see http://www.sec.gov).

ANNUAL STATEMENTS
--------------------------------------------------------------------------------

At least once a year prior to the Payout Start Date, we will send you a
statement containing information about your Contract Value. For more
information, please contact your financial representative or call our customer
support unit at 1-800-654-2397.

21 PROSPECTUS

MARKET VALUE ADJUSTMENT
--------------------------------------------------------------------------------
The Market Value Adjustment is based on the following:

I =
N =
J =

I the interest crediting rate for that Sub-Account's Guarantee Period;
N the number of complete days from the date we receive the withdrawal request to the end of the Sub-Account's Guarantee
Period; and
J the current interest crediting rate for new Contracts offered for a Guarantee Period of length N on the date we receive the
withdrawal
request.

If we are not currently offering a Guarantee Period of length N, we will
determine J by linear interpolation (weighted average) between the current
interest rates for the next higher and lower integral years. If N is less than
or equal to 365 days, J will be the rate for a Guarantee Period of 365 days
duration.

The Market Value Adjustment factor is determined from the following formula:

.9 x (I-J) x (N/365)

To determine the Market Value Adjustment, we will multiply the Market Value
Adjustment factor by the amount withdrawn (in excess of the Preferred
Withdrawal Amount), or applied to an Income Plan, from a Guarantee Period other
than amounts withdrawn or applied from a renewal Guarantee Period during the
first 30 days thereof. The Market Value Adjustment may also be applied in
computing the amount of the death benefit.

EXAMPLES OF MARKET VALUE ADJUSTMENT

Purchase Payment: $10,000 allocated to a Guarantee Period
Guarantee Period: 5 years
Interest Rate: 4.50%
Full Surrender: End of Contract Year 3

NOTE: These examples assume that premium taxes are not applicable.

EXAMPLE 1: (ASSUMES DECLINING INTEREST RATES)
Step 1. Calculate Contract Value at End of Contract Year 3: $10,000.00 x (1.0450)/3/ = $11,411.66
Step 2: Calculate the Amount in excess of the Preferred Withdrawal Preferred Withdrawal Amount (.10 x $10,000) = $1,000
Amount: Amount in Excess: $11,411.66 - $1,000 = $10,411.66
Step 3: Calculate the Withdrawal Charge: .06 x $10,411.66 = $624.70
Step 4: Calculate the Market Value Adjustment: I = 4.5%
J = 4.2%
N = 730 days
Market Value Adjustment Factor: .9 x (I-J) x N/365
= .9x (.045 - .042) x (730/365) = .0054
Market Value Adjustment = Market Value Adjustment
Factor x Amount
Subject to Market Value Adjustment:
= .0054 x $10,411.66 = $56.22
Step 5: Calculate the amount received by Contract Owner as a result of $11,411.66 - $624.70 + $56.22 = $10,843.18
full withdrawal at the end of Contract Year 3:

EXAMPLE 2: (ASSUMES RISING INTEREST RATES)
Step 1. Calculate Contract Value at End of Contract Year 3: $10,000.00 x (1.0450)/3/ = $11,411.66
Step 2: Calculate the Amount in excess of the Preferred Withdrawal Preferred Withdrawal Amount (.10 x $10,000) = $1,000
Amount: Amount in Excess: $11,411.66 - $1,000 = $10,411.66
Step 3: Calculate the Withdrawal Charge: .06 x $10,411.66 = $624.70
Step 4: Calculate the Market Value Adjustment: I = 4.5%
J = 4.8%
N = 730 days
Market Value Adjustment Factor: .9 x (I-J) x N/365
= .9 x (.045 - .048) x (730/365) = - .0054
Market Value Adjustment = Market Value Adjustment
Factor x Amount
Subject to Market Value Adjustment:
= - .0054 x $10,411.66 = - $56.22
Step 5: Calculate the amount received by Contract Owner as a result of $11,411.66 - $624.70 - $56.22 = $10,730.74
full withdrawal at the end of Contract Year 3:

22 PROSPECTUS

BD2247-5

PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS

ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

Registrant anticipates that it will incur the following approximate
expenses in connection with the issuance and distribution of the securities to
be registered:

Registration fees....................$0
Cost of printing and engraving.......$208
Legal fees...........................$0
Accounting fees......................$6,600
Mailing fees.........................$74

ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

The By-laws of Allstate Life Insurance Company ("Registrant") provide that
Registrant will indemnify all of its directors, former directors, officers and
former officers, to the fullest extent permitted under law, who were or are a
party or are threatened to be made a party to any proceeding by reason of the
fact that such persons were or are directors or officers of Registrant, against
liabilities, expenses, judgments, fines and amounts paid in settlement actually
and reasonably incurred by them. The indemnity shall not be deemed exclusive of
any other rights to which directors or officers may be entitled by law or under
any articles of incorporation, bylaw, agreement, vote of stockholders or
disinterested directors or otherwise. In addition, the indemnity shall inure to
the benefit of the legal representatives of directors and officers or of their
estates, whether such representatives are court appointed or otherwise
designated, and to the benefit of the heirs of such directors and officers. The
indemnity shall extend to and include claims for such payments arising out of
any proceeding commenced or based on actions of such directors and officers
taken prior to the effectiveness of this indemnity; provided that payment of
such claims had not been agreed to or denied by Registrant before such date.

The directors and officers of Registrant have been provided liability insurance
for certain losses arising from claims or charges made against them while acting
in their capacities as directors or officers of Registrant.

ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

Exhibit No. Description

(1) Form of Underwriting Agreement. (Incorporated herein by reference to
Post-Effective Amendment No. 13 to the Form N-4 Registration Statement of
Northbrook Variable Annuity Account II of Northbrook Life Insurance Company
(File No. 033-35412) dated December 31, 1996.)

(2) None

(4)(a) Form of Flexible Premium Deferred Annuity Certificate and Application.
(Incorporated herein by reference to Post-Effective Amendment No. 3 to
Registration Statement (File No. 033-84480) dated April 1, 1997.)

(b) Form of Contract Endorsement to Flexible Premium Deferred Annuity
Certificate. (Previously filed in initial Form S-3 Registration Statement (File
No. 333-102325) dated January 2, 2003.)

(5) Opinion and Consent of General Counsel re: Legality (Filed herewith.)

(8) None

(11) None

(12) None

(15) Letter Re: Unaudited Interim Financial Information from Registered Public
Accounting Firm (Filed herewith.)

(23) Consent of Independent Registered Public Accounting Firm (Filed herewith).

(24) Powers of Attorney for Don Civgin, Michael S. Downing, Angela K. Fontana,
Judith P. Greffin, Wilford J. Kavanaugh, Jesse E. Merten, Harry R. Miller,
Samuel H. Pilch, JOhn C. Pintozzi, Steven E. Shebik, Thomas J. Wilson and
Matthew E. Winter. (Filed herewith.)

(25) None

(26) None

(27) Not applicable

(99) Experts (Filed herewith.)

ITEM 17. UNDERTAKINGS.

The undersigned Registrant hereby undertakes:

(1) That, for the purpose of determining any liability under the Securities
Act of 1933, each post-effective amendment to this registration statement
shall be deemed to be a new registration statement relating to the
securities offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

(2) To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of
the offering.

(3) That each prospectus filed pursuant to Rule 424(b) as part of a
registration statement relating to an offering, other than registration
statements relying on Rule 430B or other than prospectuses filed in
reliance on Rule 430A, shall be deemed to be part of and included in the
registration statement as of the date it is first used after effectiveness.

(4) That, for the purpose of determining liability of the registrant under the
Securities Act of 1933 to any purchaser in the initial distribution of the
securities:

The undersigned registrant undertakes that in a primary offering of
securities of the undersigned registrant pursuant to this registration
statement, regardless of the underwriting method used to sell the
securities to the purchaser, if the securities are offered or sold to such
purchaser by means of any of the following communications, the undersigned
registrant will be a seller to the purchaser and will be considered to
offer or sell such securities to such purchaser:

(i) Any preliminary prospectus or prospectus of the undersigned
registrant relating to the offering required to be filed pursuant to
Rule 424;

(ii) Any free writing prospectus relating to the offering prepared by or
on behalf of the undersigned registrant or used or referred to by the
undersigned registrant;

(iii) The portion of any other free writing prospectus relating to the
offering containing material information about the undersigned
registrant or its securities provided by or on behalf of the
undersigned registrant; and

(iv) Any other communication that is an offer in the offering made by the
undersigned registrant to the purchaser.

(5) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of
the registrant's annual report pursuant to section 13(a) or section 15(d)
of the Securities Exchange Act of 1934 (and, where applicable, each filing
of an employee benefit plan's annual report pursuant to section 15(d) of
the Securities Exchange Act of 1934) that is incorporated by reference in
the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide
offering thereof.

(6) Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons
of the registrant, the registrant has been advised that in the opinion of
the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other
than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, Registrant certifies
that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-3 and has duly caused this registration statement to be
signed on its behalf by the undersigned, thereunto duly authorized in the
Township of Northfield, State of Illinois on the 7th day of November, 2014.

ALLSTATE LIFE INSURANCE COMPANY
(REGISTRANT)

By: /s/ ANGELA K. FONTANA
---------------------
Angela K. Fontana
Vice President, Secretary and General Counsel

Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed by the following persons in the capacities indicated
and on the 7th day of November, 2014.

*/DON CIVGIN Director, President and Chief Executive Officer
------------------------------------ (Principal Executive Officer)
Don Civgin

*/JESSE E. MERTEN Director, Senior Vice President and Chief Financial Officer
------------------------------------ (Principal Financial Officer)
Jesse E. Merten

*/THOMAS J. WILSON Director and Chairman of the Board
------------------------------------
Thomas J. Wilson

*/MICHAEL S. DOWNING Director
------------------------------------
Michael S. Downing

/s/ANGELA K. FONTANA Director
------------------------------------
Angela K. Fontana

*/JUDITH P. GREFFIN Director
------------------------------------
Judith P. Greffin

*/WILFORD J. KAVANAUGH Director
------------------------------------
Wilford J. Kavanaugh

*/HARRY R. MILLER Director
------------------------------------
Harry R. Miller

*/SAMUEL H. PILCH Director, Senior Group Vice President and Controller
------------------------------------ (Principal Accounting Officer)
Samuel H. Pilch

*/JOHN C. PINTOZZI Director
------------------------------------
John C. Pintozzi

*/STEVEN E. SHEBIK Director
------------------------------------
Steven E. Shebik

*/MATTHEW E. WINTER Director
------------------------------------
Matthew E. Winter

*/By: Angela K. Fontana, pursuant to Power of Attorney, filed herewith.

EXHIBIT LIST

Exhibit No. Description

(5) Opinion and Consent of General Counsel re: Legality.

(15) Letter Re: Unaudited Interim Financial Information from Registered Public
Accounting Firm.

(23) Consent of Independent Registered Public Accounting Firm.

(99) Experts.

exhibit5customplus.htm

Allstate Life Insurance Company

3100 Sanders Road, Suite J5B Northbrook, IL 60062

Phone 847.402.9365  Fax 847.326.7223

Email AFONTANA@allstate.com

Angela K. Fontana

Vice President, Secretary

and General Counsel

Insurance Operations

November 7, 2014

To:                      Allstate Life Insurance Company

Northbrook, IL 60062

From:                      Angela K. Fontana

Vice President, Secretary and General Counsel

Re:                      Form S-3 Registration Statement Under the Securities Act of 1933

File No. 333-

The Custom Plus Annuity

With reference to the Form S-3 Registration Statement filed by Allstate Life Insurance Company (the “Company”) with the Securities and Exchange Commission covering the Flexible Premium Deferred Annuity Contracts, known as The Custom Plus Annuity (the “Contracts”) described therein, I have examined such documents and such law as I have considered necessary and appropriate, and on the basis of such examination, it is my opinion that as of November 7, 2014:

1)

The Company is duly organized and existing under the laws of the State of Illinois and has been duly authorized to do business and to issue the Contracts by the Director of Insurance of the State of Illinois.

2)

The securities registered by the above Registration Statement when issued will be valid, legal and binding obligations of the Company.

I hereby consent to the filing of this opinion as an exhibit to the above referenced Registration Statement and to the use of my name under the caption “Legal Matters” in the prospectus constituting part of the Registration Statement.

Sincerely,

/s/ ANGELA K. FONTANA

-----------------------------------------

Angela K. Fontana

Vice President, Secretary and General Counsel

Unassociated Document

Exhibit 15

Allstate Life Insurance Company

3100 Sanders Road

Northbrook, IL 60062-6127

We have reviewed, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the unaudited interim financial information of Allstate Life Insurance Company and subsidiaries for the three-month periods ended March 31, 2014 and 2013, and have issued our report dated May 8, 2014, for the six-month and three-month periods ended June 30, 2014 and 2013, and have issued our report dated August 1, 2014, and for the nine-month and three-month periods ended September 30, 2014 and 2013, and have issued our  report dated October 31, 2014. As indicated in such reports, because we did not perform an audit, we expressed no opinion on that information.

We are aware that our reports referred to above, which were included in your Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014, and September 30, 2014, are incorporated by reference in these Registration Statements.

We also are aware that the aforementioned reports, pursuant to Rule 436(c) under the Securities Act of 1933, are not considered a part of these Registration Statements prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of that Act.

/s/ Deloitte & Touche LLP

Chicago, Illinois

November 7, 2014

ex23consentofpafirm.htm

Exhibit 23

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-3 of our report dated March 5, 2014, relating to the consolidated financial statements and financial statement schedules of Allstate Life Insurance Company and subsidiaries, appearing in the Annual Report on Form 10-K of Allstate Life Insurance Company for the year ended December 31, 2013, and to the reference to us under the heading “Experts” in the Prospectus, which are incorporated by reference in this Registration Statement.

/s/ Deloitte & Touche LLP

Chicago, Illinois

November 7, 2014

exhibit24customplus.htm

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Jesse E. Merten each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ DON CIVGIN

------------------------------

Don Civgin

Director, President and Chief Executive Officer

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ MICHAEL S. DOWNING

------------------------------

Michael S. Downing

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Don Civgin and Jesse E. Merten each of them (with full power to each of them to act alone) as her true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ ANGELA K. FONTANA

------------------------------

Angela K. Fontana

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as her true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ JUDITH P. GREFFIN

------------------------------

Judith P. Greffin

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ WILFORD J. KAVANAUGH

------------------------------

Wilford J. Kavanaugh

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ JESSE E. MERTEN

------------------------------

Jesse E. Merten

Director, Senior Vice President

and Chief Financial Officer

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ HARRY R. MILLER

------------------------------

Harry R. Miller

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ SAMUEL H. PILCH

------------------------------

Samuel H. Pilch

Director, Senior Group Vice President

and Controller

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ JOHN C. PINTOZZI

------------------------------

John C. Pintozzi

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ STEVEN E. SHEBIK

------------------------------

Steven E. Shebik

Director

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ THOMAS J. WILSON

------------------------------

Thomas J. Wilson

Director and Chairman of the Board

POWER OF ATTORNEY

WITH RESPECT TO

ALLSTATE LIFE INSURANCE COMPANY

(REGISTRANT)

The undersigned director of Allstate Life Insurance Company constitutes and appoints Angela K. Fontana and Don Civgin each of them (with full power to each of them to act alone) as his true and lawful attorney-in-fact and agent, in any and all capacities, to sign this Form S-3 registration statement of Allstate Life Insurance Company pertaining to The Allstate® ChoiceRate Annuity, The Allstate® Choice Plus, The Custom Annuity, The Custom Plus Annuity, and The Scheduled Annuity Manager , as registrant, and any amendments thereto, and to file the same, with exhibits and other documents in connection therewith, with the Securities and Exchange Commission or any other regulatory authority as may be necessary or desirable. I hereby ratify and confirm each and every act that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. My subsequent disability or incapacity shall not affect this Power of Attorney.

November 7, 2014

/s/ MATTHEW E. WINTER

------------------------------

Matthew E. Winter

Director

ex99experts.htm

Exhibit 99(b)

EXPERTS

The financial statements, and the related financial statement schedules of Allstate Life Insurance Company, incorporated in this Prospectus by reference from the Allstate Life Insurance Company’s Annual Report on Form 10-K have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report which is incorporated herein by reference. Such financial statements and financial statement schedules have been so incorporated in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

With respect to the unaudited interim financial information for the periods ended March 31, 2014 and 2013, June 30, 2014 and 2013, and September 30, 2014 and 2013 which is incorporated herein by reference, Deloitte & Touche LLP, an independent registered public accounting firm, have applied limited procedures in accordance with the standards of the Public Company Accounting Oversight Board (United States) for a review of such information. However, as stated in their reports included in Allstate Life Insurance Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014 and incorporated by reference herein, they did not audit and they do not express an opinion on that interim financial information. Accordingly, the degree of reliance on their reports on such information should be restricted in light of the limited nature of the review procedures applied. Deloitte & Touche LLP are not subject to the liability provisions of Section 11 of the Securities Act of 1933 for their reports on the unaudited interim financial information because those reports are not "reports" or a "part" of the Registration Statement prepared or certified by an accountant within the meaning of Sections 7 and 11 of the Act.