**Exhibit 10.3**

 

**Amendmentto the Selling Agreement betweenAllstate Life Insurance Company, ALFS, Inc., andAllstate Financial Services, L.L.C. effective July 26, 1999**

 

This Amendment shall modifyyour Selling Agreement (“Agreement”) with Allstate Life Insurance Company(“Allstate Life”) and Allstate Financial Services, L.L.C. (“AFS”) as set forthbelow and in the attached Schedule A.

 

The attached Schedule A shallreplace any previous Schedule A for the same product or; shall be an additionto the current Schedule A if the product was not part of your Selling Agreementprior to the effective date of this Amendment.

 

The acceptance of anapplication for this product, on or after the effective date of this Amendment,is subject to the rules of Allstate Life and AFS and the provisions of yourAgreement. By submission of an Allstate Life application, acceptance ofcommissions, and/or request for change of Agent of record and/or transfer ofservicing to another firm in accordance with the Agreement, you agree to bebound by the provisions of this Amendment.

 

 

Effective date:       February 15, 2002

 

 
| By:                              | /s/ John  Hunter             |   | /s/ Lisa A.  Burnell |   |
|----------------------------------|------------------------------|--------|----------------------|--------|
|                             |                         |
| John Hunter                      | Lisa A.  Burnell             |
| Vice  President                  | Assistant Vice President and |
| Allstate  Life Insurance Company | Compliance Officer           |
|                             | ALFS, Inc.                   |

 

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SCHEDULE A

SCHEDULE OF COMMISSIONS

 
| APPLICABLE  FINANCIAL INSTITUTION:                                                   |                                                            |
|--------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                                                                 |                                                            |
| APPLICABLE  CONTRACTS:                                                               | Treasury-Linked  Annuity issued on or after 1/31/02.            |
|                                                                                 |                                                            |
|                                                                                 |                                                            |
|                                                                                 | Allstate  Financial Treasury-Linked Annuity                     |   |
|                                                                                 | Flexible  Premium Deferred Annuity                              |   |
|                                                                                 |                                                            |
| Compensation (based on age at premium  payment);                                     |                                                            |
| Ages 0-80                                                                            | 5.25% of  premium                                               |   |
| Ages 81-85                                                                           | 4.20% of  premium                                               |   |
| Ages 86-90                                                                           | 2.625% of  premium                                              |   |
|                                                                                 |                                                            |
| Chargeback Upon Full or Partial Withdrawal  (based on period since premium payment): |
|                                                                                 |                                                            |
| Months 1-12                                                                          | 100% of compensation  paid on amount withdrawn in excess of the |
|                                                                                 | “Free  Withdrawal Amount”                             |
|                                                                                 |                                                            |
| No Commission Chargebacks upon  Annuitization                                        |                                                            |
|                                                                                 |                                                            |
|                                                                                 | Treasury Link-Master at 5.25% 1-31-02                           |
|                                                                                      |                                                                 |  |  |

 

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