Document:

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                                                                    EXHIBIT 10.4

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                              AMENDED AND RESTATED

                        ADMINISTRATIVE SERVICES AGREEMENT

                                     BETWEEN

                          ALLSTATE LIFE GLOBAL FUNDING

                                       AND

                              AMACAR PACIFIC CORP.

                               DATED AS OF -, 2002

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                                TABLE OF CONTENTS

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                                                                                PAGE

<S>               <C>                                                           <C>
                                    ARTICLE 1
                   DEFINITIONS; OTHER DEFINITIONAL PROVISIONS

   SECTION 1.1.   COVENANTS........................................................1
   SECTION 1.2.   DEFINITIONS......................................................1
   SECTION 1.3.   OTHER DEFINITIONAL PROVISIONS....................................5

                                    ARTICLE 2
                      APPOINTMENT; ADMINISTRATIVE SERVICES

   SECTION 2.1.   APPOINTMENT......................................................5
   SECTION 2.2.   ADMINISTRATIVE SERVICES..........................................6
   SECTION 2.3.   SUBCONTRACTING OF CERTAIN SERVICES...............................8

                                    ARTICLE 3
          BUSINESS OF THE ISSUER; EMPLOYEES AND SUBCONTRACTORS; OFFICES

   SECTION 3.1.   BUSINESS OF THE ISSUER...........................................9
   SECTION 3.2.   EMPLOYEES AND SUBCONTRACTORS.....................................9

                                    ARTICLE 4
                            COMPENSATION; INDEMNITIES

   SECTION 4.1.   COMPENSATION.....................................................9
   SECTION 4.2.   INDEMNITIES......................................................9

                                    ARTICLE 5
                                      TERM

   SECTION 5.1.   TERM............................................................10

                                    ARTICLE 6
                        OBLIGATION TO SUPPLY INFORMATION

   SECTION 6.1.   OBLIGATION TO SUPPLY INFORMATION................................10

                                    ARTICLE 7
                 THE ADMINISTRATOR'S LIABILITY; STANDARD OF CARE

   SECTION 7.1.   ADMINISTRATOR'S LIABILITY.......................................11
   SECTION 7.2.   STANDARD OF CARE................................................11

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<S>               <C>                                                           <C>

                                    ARTICLE 8
                           LIMITED RECOURSE TO ISSUER

   SECTION 8.1.   LIMITED RECOURSE TO ISSUER......................................11

                                    ARTICLE 9
                                   NO RECOURSE

   SECTION 9.1.   NO RECOURSE.....................................................11

                                   ARTICLE 10
               RELIANCE ON INFORMATION OBTAINED FROM THIRD PARTIES

   SECTION 10.1.  RELIANCE ON INFORMATION OBTAINED FROM THIRD PARTIES.............12

                                   ARTICLE 11
                                  MISCELLANEOUS

   SECTION 11.1.  NOTICES.........................................................12
   SECTION 11.2.  AMENDMENT.......................................................13
   SECTION 11.3.  NO JOINT VENTURE................................................13
   SECTION 11.4.  ASSIGNMENT......................................................13
   SECTION 11.5.  GOVERNING LAW...................................................13
   SECTION 11.6.  CONSENT TO JURISDICTION.........................................13
   SECTION 11.7.  WAIVER OF JURY TRIAL............................................14
   SECTION 11.8.  EXECUTION IN COUNTERPARTS.......................................14
   SECTION 11.9.  LIMITATION OF DELAWARE TRUSTEE LIABILITY........................14
   SECTION 11.10. NO PETITION.....................................................14
   SECTION 11.11. SEVERABILITY....................................................15
   SECTION 11.12. ENTIRE AGREEMENT................................................15
   SECTION 11.13. ADMINISTRATOR TO PROVIDE INDENTURE TRUSTEE ACCESS TO
                  BOOKS AND RECORDS...............................................15
   SECTION 11.14. NO WAIVER.......................................................15
   SECTION 11.15. REMEDIES CUMULATIVE.............................................15

Exhibit A    Administration Fees

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         THIS AMENDED AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT (this
"ADMINISTRATIVE SERVICES AGREEMENT") dated as of -, 2002 between Allstate Life
Global Funding, a statutory trust organized in series under the laws of the
State of Delaware and acting hereunder with respect to each series of the
statutory trust (the "ISSUER"), and AMACAR Pacific Corp., as administrator (in
such capacity, the "ADMINISTRATOR").

         WHEREAS, the Issuer and the Administrator entered into that certain
Administrative Services Agreement, dated as of June 27, 2002 (the "Base
Administrative Services Agreement"), and the parties hereto desire to amend and
restate the Base Administrative Services Agreement in its entirety;

         WHEREAS, the Issuer desires to establish a program (the "PROGRAM") for
the issue from time to time of senior secured notes to be issued in one or more
series (the "NOTES"), each to be secured by the related collateral;

         WHEREAS, in connection with the issue of the Notes under the Program,
the Issuer desires to enter into the Indenture (as defined below) with the
Indenture Trustee;

         WHEREAS, the Issuer has requested that the Administrator provide advice
and assistance to the Issuer generally and with respect to each series of the
Issuer and perform various services for the Issuer generally and with respect to
each series of the Issuer; and

         WHEREAS, the Issuer desires to avail itself of the experience, advice
and assistance of the Administrator and to have the Administrator perform
various financial, statistical, accounting and other services for the Issuer,
and the Administrator is willing to furnish such services on the terms and
conditions herein set forth.

         NOW THEREFORE, in consideration of the premises and covenants set forth
in this Administrative Services Agreement, the parties agree as follows:

                                 ARTICLE 1
                   DEFINITIONS; OTHER DEFINITIONAL PROVISIONS

         SECTION 1.1    COVENANTS. The Issuer (a) repeats and reaffirms to
the Administrator the covenants of the Issuer set forth in Article 4 of the
Indenture, dated as of the date hereof (as amended, modified, restated,
supplemented and/or replaced from time to time, the "INDENTURE"), between the
Issuer and Bank One, National Association.

         SECTION 1.2    DEFINITIONS. The following terms, as used herein,
have the following meanings:

         "ADMINISTRATION FEE" has the meaning ascribed in Section 4.1.

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         "ADMINISTRATIVE SERVICES AGREEMENT" means this instrument as originally
executed or as the same may be amended, modified, restated, supplemented and/or
replaced from time to time.

         "ADMINISTRATOR" has the meaning ascribed in the first paragraph of this
Administrative Services Agreement.

         "AFFILIATE" means, as applied to any Person, any other Person directly
or indirectly controlling, controlled by, or under common control with, that
Person and, in the case of an individual, any spouse or other member of that
individual's immediate family. For the purposes of this definition, "control"
(including with correlative meanings, the terms "controlling", "controlled by"
and "under common control with"), as applied to any Person, means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of that Person, whether through the
ownership of voting securities or by contract or otherwise.

         "AGENTS" means any of the agents appointed by the Issuer to sell the
Notes.

         "ASSIGNED DOCUMENTS" means, with respect to any series of Notes, each
Funding Agreement from time to time issued by the Funding Agreement Provider and
securing such series of Notes, whether owned at the time of issuance of such
series of Notes or thereafter acquired by the Issuer and such other agreements,
instruments or other documents (if any), as may be specified or contemplated in
a Note Certificate or Supplemental Indenture relating to such series of Notes.

         "BOOK-ENTRY NOTE" means a Note issued in book-entry form.

         "CERTIFICATED NOTE" means a Note issued in certificated form.

         "CLEARING CORPORATION" means, with respect to any series of Notes, any
of DTC, Euroclear, Clearstream, Luxembourg or any other clearing system
specified in the applicable pricing supplement and their respective successors
and "CLEARING CORPORATIONS" means all of the foregoing.

         "CLEARSTREAM, LUXEMBOURG" means Clearstream Banking S.A., formerly
known as Cedelbank S.A., and its successors.

         "COMMISSION" has the meaning ascribed in Section 2.2(d).

         "DELAWARE TRUSTEE" means Wilmington Trust Company, not in its
individual capacity but solely as trustee, and its successors.

         "DEPOSITARY" shall mean, with respect to the Notes of any series
represented by one or more Global Securities, the Clearing Corporation or its
agent or nominee designated as Depositary by the Indenture Trustee until a
successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter "DEPOSITARY" shall mean or include
each Person who is then a Depositary

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hereunder, and if at any time there is more than one such Person, "DEPOSITARY"
as used with respect to the Notes of any such series shall mean the Depositary
with respect to the Notes of that series.

         "DISTRIBUTION AGREEMENT" means the distribution agreement to be entered
into by and among the Agents and the Issuer, as such agreement may be amended,
modified, restated, supplemented and/or replaced from time to time.

         "DTC" means The Depository Trust Company and its successors.

         "EUROCLEAR" means Euroclear Bank S.A./N.V., and its successors, as
operator of the Euroclear System.

         "FUNDING AGREEMENT" means each funding agreement between the Funding
Agreement Provider and Issuer issued from time to time by the Funding Agreement
Provider up to the principal amount or amounts as may from time to time be
authorized by the Funding Agreement Provider and subsequently assigned by the
Issuer to the Indenture Trustee, as any of the same shall be amended from time
to time.

         "FUNDING AGREEMENT PROVIDER" means Allstate Life Insurance Company, a
life insurance company organized under the laws of the State of Illinois.

         "GLOBAL SECURITY" means a single Note Certificate deposited with the
Depositary and registered in the name of a Clearing Corporation or its agent or
nominee representing the entire issue of Book-Entry Notes of any series, or if
the rules of the applicable Clearing Corporation or the applicable securities
laws or regulations of any jurisdiction limit the maximum principal amount of
Note Certificates, each of the minimum number of Note Certificates so deposited
and registered that are required to comply with such laws, regulations and rules
while representing in the aggregate the entire issue of Book-Entry Notes of any
series.

         "INDENTURE" has the meaning ascribed in Section 1.1.

         "INDENTURE TRUSTEE" means Bank One, National Association and its
successors.

         "ISSUER" has the meaning ascribed in the first paragraph of this
Administrative Services Agreement.

         "LICENSE AGREEMENT" means the license agreement to be entered into
between Allstate Insurance Company and the Issuer, as the same may be amended,
modified, restated, supplemented and/or replaced from time to time.

         "LOSS AND EXPENSE" has the meaning ascribed in Section 4.2.

         "NOTE CERTIFICATE" means each Global Security and each Certificated
Note.

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         "PAYING AGENT" means the Indenture Trustee.

         "PERSON" means any natural person, corporation, limited partnership,
general partnership, joint stock company, joint venture, association, company,
limited liability company, trust (including any beneficiary thereof), bank,
trust company, land trust, business trust or other organization, whether or not
a legal entity, and any government or any agency or political subdivision
thereof.

         "PROGRAM DOCUMENTS" means each Note Certificate, the Indenture, the
Trust Agreement, this Administrative Services Agreement, the Distribution
Agreement, the Support and Expenses Agreement, each Supplemental Indenture, the
License Agreement and each Funding Agreement.

         "RATING AGENCY" means any "nationally recognized statistical rating
organization" (as such term is defined in Rule 436(g)(2) of the Securities Act).

         "REASONABLE CAUSE" means (i) the failure or inability of the
Administrator to perform any obligations it may have hereunder for any reason or
(ii) the existence of facts or circumstances which, in the exclusive opinion of
the Delaware Trustee, make it unlikely that the Administrator will be able to
perform any such obligations, including, but not limited to, the Administrator
being adjudged bankrupt or insolvent, the appointment of a receiver for the
Administrator or for its property, or the taking charge or control by any public
officer of the Administrator or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation.

         "REGISTRAR" means, initially, the Indenture Trustee.

         "RESPONSIBLE OFFICER" when used with respect to any Person means the
chairman of the board of directors or any vice chairman of the board of
directors or the president or any vice president (whether or not designated by a
number or numbers or a word or words added before or after the title "vice
president") of such Person. With respect to the Issuer, Responsible Officer
means any Responsible Officer (as defined in the preceding sentence) plus any
assistant secretary and any financial services officer of the Delaware Trustee,
and with respect to the Trustee, Responsible Officer means any Responsible
Officer (as defined in the first sentence of this definition) plus the chairman
of the trust committee, the chairman of the executive committee, any vice
chairman of the executive committee, the cashier, the secretary, the treasurer,
any trust officer, any assistant trust officer, any assistant vice president,
any assistant cashier, any assistant secretary, any assistant treasurer, or any
other authorized officer of the Trustee customarily performing functions similar
to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his
knowledge of and familiarity with the particular subject.

         "SUPPLEMENTAL INDENTURE" means the indenture that the Issuer and
Indenture Trustee may from time to time enter into pursuant to the Indenture.

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         "SUPPORT AND EXPENSES AGREEMENT" means that certain support and
expenses agreement dated as of June 27, 2002 by and between the Funding
Agreement Provider and the Issuer, as the same may be amended from time to time.

         "TRUST AGREEMENT" means that certain Trust Agreement dated as of June
24, 2002 establishing the Issuer by and between the Delaware Trustee and the
Trust Beneficial Owner, as amended by the Amended and Restated Trust Agreement
dated -, as such agreement may be amended, modified, restated, supplemented
and/or replaced from time to time.

         SECTION 1.3    OTHER DEFINITIONAL PROVISIONS. For all purposes of
this Administrative Services Agreement except as otherwise expressly provided or
unless the context otherwise requires:

         (a)      the terms defined in this Article 1 shall have the meanings
                  ascribed to them in this Article 1 and shall include the
                  plural as well as the singular; provided, that all capitalized
                  terms used herein and not otherwise defined herein will have
                  the meanings set forth in the Indenture;

         (b)      the words "include", "includes" and "including" shall be
                  construed to be followed by the words "without limitation";

         (c)      Article and Section headings are for the convenience of the
                  reader and shall not be considered in interpreting this
                  Administrative Services Agreement or the intent of the parties
                  hereto;

         (d)      the words "herein", "hereof" and "hereunder" and other words
                  of similar import refer to this Administrative Services
                  Agreement as a whole and not to any particular Article,
                  Section or other subdivision; and

         (e)      references herein to Articles, Sections and Exhibits shall,
                  unless otherwise specified, refer respectively to Articles,
                  Sections and Exhibits hereof.

                                   ARTICLE 2
                      APPOINTMENT; ADMINISTRATIVE SERVICES

         SECTION 2.1     APPOINTMENT. Pursuant to Section 3806(b)(7) of the
Delaware Statutory Trust Act, the Administrator is hereby appointed, as an agent
of the Issuer generally and with respect to each series of the Issuer with full
power and authority, and agrees to carry out all of the duties and
responsibilities (a) of the Issuer generally and with respect to each series of
the Issuer under the Program Documents and Assigned Documents and any other
document to which the Issuer generally or with respect to any series of the
Issuer is a party and (b) of the Administrator hereunder as contemplated by and
pursuant to this Administrative Services Agreement.

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         SECTION 2.2     ADMINISTRATIVE SERVICES. Without limiting the
generality of Section 2.1, the Issuer hereby expressly authorizes and empowers
the Administrator, as its agent, to perform, and the Administrator hereby
expressly agrees to perform, the following services:

         (a)      subject to the timely receipt of all necessary information,
                  requests, notices or direction, as the case may be, providing,
                  or causing to be provided, all clerical, bookkeeping and other
                  services necessary and appropriate for the administration of
                  the Issuer including, without limitation, the following
                  services:

                  (i)      maintenance of all books and records of the Issuer
                           and each series of the Issuer relating to the fees,
                           costs and expenses of the Issuer and each series of
                           the Issuer, which books and records shall be
                           maintained separately for each series of the Issuer
                           and from those of the Administrator;

                  (ii)     maintenance of records of cash payments and
                           disbursements (excluding principal and interest on
                           any Funding Agreement) of the Issuer and each series
                           of the Issuer in accordance with generally accepted
                           accounting principles as determined in consultation
                           with the accountants for the Issuer, and preparation
                           for audit of such periodic financial statements as
                           may be necessary or appropriate;

                  (iii)    upon request, preparation for execution by a
                           Responsible Officer of the Issuer of amendments to,
                           and waivers under, the Program Documents, the
                           Assigned Documents and any other documents or
                           instruments deliverable by the Issuer thereunder or
                           in connection therewith;

                  (iv)     holding, maintaining, and preserving executed copies
                           of the Program Documents, the Assigned Documents and
                           other documents or instruments executed by the Issuer
                           thereunder or in connection therewith, which shall be
                           maintained separately from those of the
                           Administrator;

                  (v)      upon receipt of notice, taking such action as may be
                           reasonably necessary to enforce the performance by
                           the other parties to agreements to which the Issuer
                           is a party and enforcing the obligations of those
                           parties to the Issuer under such agreements;

                  (vi)     upon request, preparing for execution by a
                           Responsible Officer of the Issuer of such notices,
                           consents, instructions and other communications that
                           the Issuer may from time to

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                           time be required or permitted to give under the
                           Program Documents, the Assigned Documents and any
                           other document to which the Issuer generally or with
                           respect to any series of the Issuer is a party;

                  (vii)    obtaining services of outside counsel, accountants
                           and/or other service providers on behalf of the
                           Issuer (including as required under Section 7.3(f)
                           of the Indenture);

                  (viii)   preparing for execution by a Responsible Officer,
                           demands and Issuer's certificates relating to payment
                           of any amounts due and owing by the Issuer under the
                           Program Documents, the Assigned Documents and any
                           other document to which the Issuer is a party
                           provided that the foregoing shall not obligate the
                           Administrator to advance any of its own monies for
                           such purpose; it being understood that such amounts
                           shall only be payable to the extent assets of the
                           Issuer are available therefor and at such times and
                           in such amounts as shall be permitted by the Program
                           Documents or the Assigned Documents;

                  (ix)     preparing for execution by a Responsible Officer,
                           demands and Issuer's certificates relating to payment
                           of any amounts due and owing by the Issuer to the
                           Indenture Trustee, the Paying Agent, the Registrar
                           and other agents of the Issuer on request for all
                           expenses, disbursements and advances; PROVIDED, that
                           the foregoing shall not obligate the Administrator to
                           advance any of its own monies for such purpose; it
                           being understood that such amounts shall only be
                           payable to the extent assets of the Issuer are
                           available therefor and at such times and in such
                           amounts as shall be permitted by the Program
                           Documents or the Assigned Documents; and

                  (x)      taking such other administrative actions as may be
                           incidental or reasonably necessary to the
                           accomplishment of the actions of the Administrator
                           authorized in this Section 2.2(a) or, upon receipt of
                           notice directing the Administrator to do so, to the
                           accomplishment of the duties and responsibilities of
                           the Issuer under the Program Documents, the Assigned
                           Documents and any other document to which the Issuer
                           is a party to the extent not otherwise the
                           responsibility of the Indenture Trustee, the Delaware
                           Trustee, a Paying Agent or the Registrar;

         (b)      upon the issuance of a series of Notes, directing the
                  Indenture Trustee to pay the expenses of the Issuer relating
                  to such series of Notes;

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         (c)      performing the administrative services to ensure compliance
                  with all of the obligations, representations, covenants and
                  agreements of the Issuer set forth in the Trust Agreement;

         (d)      subject to the timely receipt of all necessary information,
                  requests, notices or direction, as the case may be, filing
                  with the Securities and Exchange Commission (the "COMMISSION")
                  and executing, in each case on behalf of the Issuer, (a) a
                  registration statement on Form S-1 or other appropriate form,
                  including the prospectus and the exhibits included therein,
                  any pre-effective or post-effective amendments thereto and any
                  registration statements filed subsequent thereto under rules
                  promulgated under the Securities Act of 1933, as amended (the
                  "1933 ACT"), relating to the registration of the Notes and any
                  other securities under the 1933 Act, (b) any preliminary
                  prospectus or prospectus or supplement thereto relating to any
                  Notes required to be filed pursuant to the 1933 Act, and (c)
                  registration statements and such other documents, forms or
                  filings as may be required by the 1933 Act, the Securities
                  Exchange Act of 1934, as amended, or the Trust Indenture Act
                  of 1939, as amended, or other securities laws in each case
                  relating to any Notes; (ii) filing and executing on behalf of
                  the Issuer such filings, applications, reports, surety bonds,
                  irrevocable consents, appointments of attorney for service of
                  process and other papers and documents as may be necessary or
                  desirable to register, or establish the exemption from
                  registration of, any Notes under the securities or "Blue Sky"
                  laws of any relevant jurisdictions; and (iii) executing and
                  delivering letters or documents to, or instruments for filing
                  with, a depository relating to any Notes; and

         (e)      undertaking such other administrative services as may be
                  reasonably requested by the Issuer or the Delaware Trustee,
                  including obtaining and maintaining the listing of the Notes
                  on any stock exchange and causing the preparation by the
                  Issuer of any prospectus, pricing supplement, private
                  placement memoranda, offering circular or supplement thereto,
                  in connection with the performance by the Issuer of its
                  obligations under the Program Documents, the Assigned
                  Documents or any other document to which the Issuer is a party
                  or other documents executed thereunder or in connection
                  therewith.

         SECTION 2.3.      SUBCONTRACTING OF CERTAIN SERVICES. Notwithstanding
the foregoing and the provisions of Article 3, the Administrator shall have the
right to enter into one or more contracts with one or more other Persons to
perform the services set forth in Section 2.2(a)(i)-(ii), Section
2.2(a)(viii)-(ix) and in Section 2.2(b) of this Administrative Services
Agreement, in each case subject to the prior written approval of the Funding
Agreement Provider, such approval not to be unreasonably withheld or delayed.
Whether or not any such contract is entered into and

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unless the Administrator agrees otherwise, the Administrator shall not be liable
for any costs, fees or expenses related to the provision of the services set
forth in Section 2.2(a)(i)-(ii), Section 2.2(a)(viii)-(ix) and in Section 2.2(b)
of this Administrative Services Agreement.

                                   ARTICLE 3
          BUSINESS OF THE ISSUER; EMPLOYEES AND SUBCONTRACTORS; OFFICES

         SECTION 3.1.     BUSINESS OF THE ISSUER. The Administrator agrees to
carry out and perform the day to day business activities (as set forth in
Section 2.2 hereof) of the Issuer in the name and on behalf of the Issuer as its
agent.

         SECTION 3.2.    EMPLOYEES AND SUBCONTRACTORS.

         (a)      Except as otherwise provided in Section 2.3 of this
                  Administrative Services Agreement, all services to be
                  furnished by the Administrator under this Administrative
                  Services Agreement may be (i) furnished by an officer or
                  employee of the Administrator, an officer or employee of any
                  Affiliate of the Administrator, or any other Person or agent
                  designated by it or (ii) subcontracted by the Administrator;
                  PROVIDED, that prior written notice is given to the Delaware
                  Trustee of such subcontract; PROVIDED, FURTHER, that the
                  Administrator shall remain ultimately responsible for the
                  provision of such services unless such services are
                  subcontracted to accountants, legal counsel or other service
                  providers selected with due care by the Administrator, in
                  which case the Administrator, in the absence of gross
                  negligence or bad faith by the Administrator, shall not be
                  responsible for their actions or failure to act.

         (b)      Except as set forth in Article 4, no director, officer,
                  employee or Affiliate of the Administrator shall receive from
                  the Issuer a salary or other compensation.

         (c)      The Administrator agrees to provide office space, together
                  with appropriate materials and any necessary support
                  personnel, for the day to day business activities of the
                  Issuer.

                                   ARTICLE 4
                            COMPENSATION; INDEMNITIES

         SECTION 4.1.     COMPENSATION. The Issuer agrees to pay the
Administrator the fees set forth in Exhibit A hereto (the "ADMINISTRATION FEE").

         SECTION 4.2.     INDEMNITIES. To the fullest extent permitted under
applicable law and subject to limitations imposed by public policy, the Issuer
agrees to indemnify the Administrator, and hold the Administrator harmless, from
and against any and all losses, liabilities (including liabilities for
penalties), actions, suits, judgments, demands, damages, out-of-pocket costs and
expenses (including, without limitation,

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interest and reasonable attorneys fees, but excluding costs and expenses
attributable solely to administrative overhead) arising out of, in connection
with, or resulting from the exercise of the Administrator's rights and/or the
performance of the Administrator's duties, by the Administrator or its agents
and employees, hereunder (collectively, "LOSS AND EXPENSE"); provided, however,
that, except as set forth in the last proviso of this Section 4.2, the Issuer
shall not be liable to indemnify the Administrator, or hold the Administrator
harmless, from and against any and all Loss and Expense resulting from or
attributable to the gross negligence (or ordinary negligence in the handling or
disbursement of funds), bad faith or willful misconduct of the Administrator;
provided, further, that with respect only to Losses and Expenses incurred by the
Administrator in connection with the performance of the services contemplated in
Section 2.2(d) of this Administrative Services Agreement, the Issuer shall not
be liable to indemnify the Administrator, or hold the Administrator harmless,
from and against any and all Loss and Expense resulting from or attributable to
the bad faith or willful misconduct of the Administrator.

                                   ARTICLE 5
                                      TERM

         SECTION 5.1.     TERM. The Administrator may terminate this
Administrative Services Agreement upon at least 30 days' prior written notice to
the Issuer and the Issuer may terminate this Administrative Services Agreement
for Reasonable Cause upon at least 30 days' prior written notice to the
Administrator (copies of any notice of termination shall also be sent to the
Indenture Trustee). Such termination will not become effective until (a) the
Issuer appoints a successor Administrator, (b) the successor Administrator
accepts such appointment, (c) the Administrator has obtained the prior written
confirmation of any Rating Agency then rating the Program or any series of the
Notes that such action will not result in a reduction or withdrawal of its then
current ratings, if any, of the Program and/or any series of the Notes as
applicable and (d) the Issuer has paid all accrued and unpaid amounts owed to
the Administrator under this Administrative Services Agreement.

                                   ARTICLE 6
                        OBLIGATION TO SUPPLY INFORMATION

         SECTION 6.1.    OBLIGATION TO SUPPLY INFORMATION. The Issuer hereby
authorizes the Delaware Trustee to forward to the Administrator any information
which is in the possession of the Issuer in connection with the Program
Documents, the Assigned Documents and this Administrative Services Agreement as
the Administrator may from time to time reasonably request in connection with
the performance of its obligations hereunder. The Administrator will (a) hold
and safely maintain all records, files, Program Documents, Assigned Documents
and other material of the Issuer and (b) permit the Issuer, the Delaware
Trustee, and each of their respective officers, directors, agents and
consultants on reasonable notice, at any time, and from time to time during
normal business hours, to inspect, audit, check and make abstracts from the
accounts, records, correspondence, documents and other materials of the Issuer,
or

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relating to the provision of services and facilities under this Administrative
Services Agreement.

                                   ARTICLE 7
                 THE ADMINISTRATOR'S LIABILITY; STANDARD OF CARE

         SECTION 7.1.     ADMINISTRATOR'S LIABILITY. The Administrator assumes
no liability for anything other than the services rendered and the facilities
provided by it pursuant to Articles 2 and 3 hereof and neither the Administrator
nor any of its directors, officers, employees or Affiliates shall be responsible
for any action of the Issuer, the Delaware Trustee, the Funding Agreement
Provider or the officers or employees thereof taken outside the scope of
Articles 2 and 3 hereof and without direction from the Administrator. Without
limiting the generality of the foregoing, it is agreed that the Administrator
assumes no liability with respect to any of the Issuer's obligations under the
Program Documents.

         SECTION 7.2.     STANDARD OF CARE. The Administrator shall not be
required to perform, endeavor to perform or agree to perform any act on behalf
of the Issuer not specifically required or permitted under the Program Documents
or the Assigned Documents. The Administrator shall perform its duties hereunder
diligently, in conformity with the Issuer's obligations under the Program
Documents and the Assigned Documents, and applicable laws and regulations and in
accordance with the same standard of care exercised by a prudent person in
connection with the performance of the same or similar duties, and in no event
with less care than the Administrator exercises or would exercise in connection
with the same or similar obligations if those obligations were the direct
obligations of the Administrator.

                                   ARTICLE 8
                           LIMITED RECOURSE TO ISSUER

         SECTION 8.1.     LIMITED RECOURSE TO ISSUER. Notwithstanding anything
to the contrary contained herein, all obligations of the Issuer hereunder shall
be payable by the Issuer only on a payment date of the Notes and only to the
extent of funds available therefor under the Indenture and, to the extent such
funds are not available or are insufficient for the payment thereof, shall not
constitute a claim against the Issuer to the extent of such unavailability or
insufficiency until such time as the Issuer has assets sufficient to pay such
prior deficiency. This Article 8 shall survive the termination of this
Administrative Services Agreement.

                                   ARTICLE 9
                                   NO RECOURSE

         SECTION 9.1.     NO RECOURSE. The obligations of the Issuer hereunder
are solely the obligations of the Issuer and no recourse shall be had with
respect to this Administrative Services Agreement or any of the obligations of
the Issuer hereunder or for the payment of any fee or other amount payable
hereunder or for any claim based on, arising out of or relating to any provision
of this Administrative Services

                                       11
<PAGE>

Agreement against any trustee, employee, settlor, Affiliate, agent or servant of
the Issuer. The provisions of this Article 9 shall survive the termination of
this Administrative Services Agreement.

                                   ARTICLE 10
               RELIANCE ON INFORMATION OBTAINED FROM THIRD PARTIES

         SECTION 10.1.     RELIANCE ON INFORMATION OBTAINED FROM THIRD PARTIES.
The Issuer recognizes that the accuracy and completeness of the records
maintained and the information supplied by the Administrator hereunder is
dependent upon the accuracy and completeness of the information obtained by the
Administrator from the parties to the Program Documents, the Assigned Documents
and other sources and, subject to Articles 4 and 7 hereof but without any duty
to conduct any independent investigation, the Administrator shall not be
responsible for any inaccurate or incomplete records maintained by the
Administrator hereunder that may result therefrom. The Administrator shall have
no duty to investigate the accuracy or completeness of any information provided
to it and shall be entitled to fully rely on all such information provided to
it.

                                   ARTICLE 11
                                  MISCELLANEOUS

         SECTION 11.1.     NOTICES. All notices, demands, instructions and other
communications required or permitted to be given hereunder shall be in writing
(including by facsimile transmission) and shall be personally delivered or sent
by guaranteed overnight delivery or by facsimile transmission (confirmed by
personal or guaranteed overnight delivery) and shall be deemed to be given for
purposes of this Administrative Services Agreement on the day that such writing
is received by the intended recipient thereof in accordance with the provisions
of this Section 11.1.

         Unless otherwise specified in a notice sent or delivered in accordance
with the foregoing provisions of this Section 11.1, all notices, demands,
instructions and other communications in writing shall be given to or made upon
the respective parties hereto at their respective addresses (or their respective
facsimile numbers) indicated below:

         The Issuer:

         Allstate Life Global Funding
         c/o AMACAR Pacific Corp.
         6525 Morrison Boulevard, Suite 318
         Charlotte, North Carolina 28211
         Attention: President
         Facsimile: (704) 365-1632

                                       12
<PAGE>

         The Administrator:

         AMACAR Pacific Corp.
         6525 Morrison Boulevard, Suite 318
         Charlotte, North Carolina 28211
         Attention: Douglas K. Johnson
         Facsimile: (704) 365-1632

         SECTION 11.2.     AMENDMENT. No amendment, modification, restatement,
supplement or replacement hereof, or waiver or consent hereunder, shall be
effective unless (a) accomplished by written instrument signed by both parties
hereto and (b) the prior written confirmation of each Rating Agency then rating
the Program or any series of the Notes that such action will not result in
reduction or withdrawal of its then current ratings, if any, of the Program
and/or any series of the Notes as applicable. The Issuer shall provide each
Rating Agency then rating the Program or any series of the Notes with a copy of
each such amendment, modification, restatement, supplement or replacement
hereof, or waiver or consent hereunder.

         SECTION 11.3.     NO JOINT VENTURE. Nothing contained in this
Administrative Services Agreement shall constitute the Issuer and the
Administrator as members of any partnership, joint venture, association,
syndicate or unincorporated business.

         SECTION 11.4.     ASSIGNMENT. Except as set forth in this Section 11.4,
and subject to the rights of the Administrator to subcontract pursuant to
Section 3.2 hereof, this Administrative Services Agreement may not be assigned
by either party without (a) the prior written consent of the other party and (b)
the prior written confirmation of each Rating Agency then rating the Program or
any series of the Notes that such action will not result in a reduction or
withdrawal of its then current ratings, if any, of the Program and/or any series
of the Notes, as applicable. Subject to the foregoing, this Administrative
Services Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective permitted successors and assigns. Any party's
transfer or assignment in violation of this Section 11.4 shall be void as to the
other party.

         SECTION 11.5.     GOVERNING LAW. This Administrative Services Agreement
shall be governed by and construed in accordance with the laws of the State of
New York without regard to its choice of law principles.

         SECTION 11.6.     CONSENT TO JURISDICTION. Each party to this
Administrative Services Agreement submits to the nonexclusive jurisdiction of
the United States Federal court located in the City of New York, Borough of
Manhattan for purposes of all legal proceedings arising out of or relating to
this Administrative Services Agreement or the transactions contemplated hereby.
Each party to this Administrative Services Agreement irrevocably waives, to the
fullest extent permitted by law, any objection which it may now or hereafter
have to the laying of the venue of any such proceeding brought in

                                       13
<PAGE>

such a court and any claim that any such proceeding brought in such a court has
been brought in an inconvenient forum. Each party to this Administrative
Services Agreement consents to process being served in any suit, action or
proceeding with respect to this agreement, or any document delivered pursuant
hereto by the mailing of a copy thereof by registered or certified mail, postage
prepaid, return receipt requested, to its respective address specified at the
time for notices under this Administrative Services Agreement or to any other
address of which it shall have given written notice to the other party. The
foregoing shall not limit the ability of any party hereto to bring suit in the
courts of any other jurisdiction.

         SECTION 11.7.     WAIVER OF JURY TRIAL. Each of the parties to this
Administrative Services Agreement irrevocably waives any and all right to a
trial by jury with respect to any legal proceeding arising out of or relating to
this Administrative Services Agreement or any claims or transactions in
connection herewith. Each of the parties hereto hereby acknowledge that such
waiver is made with full understanding and knowledge of the nature of the rights
and benefits waived hereby.

         SECTION 11.8.     EXECUTION IN COUNTERPARTS. This Administrative
Services Agreement and any amendments, modifications, restatements, supplements
and/or replacements hereof, or waivers or consents hereto, may be executed in
any number of counterparts, and by different parties hereto in separate
counterparts, each of which, when so executed and delivered, shall be deemed to
be an original and all of which counterparts, when taken together, shall
constitute one and the same instrument. This Administrative Services Agreement
shall become effective upon the execution of a counterpart by each of the
parties hereto.

         SECTION 11.9.     LIMITATION OF DELAWARE TRUSTEE LIABILITY.
Notwithstanding any provision hereof to the contrary, it is expressly understood
and agreed by the parties that (a) this Administrative Services Agreement is
executed and delivered by Wilmington Trust Company, not individually or
personally, but solely as Delaware Trustee, in the exercise of the powers and
authority conferred and vested in it pursuant to the Trust Agreement, (b) each
of the representations, undertakings and agreements herein made on the part of
the Issuer is made and intended not as personal representations, undertakings
and agreements by Wilmington Trust Company, but is made and intended for the
purpose of binding only the Issuer, (c) nothing herein contained shall be
construed as creating any liability on Wilmington Trust Company, individually or
personally, to perform any covenant either expressed or implied herein, all such
liability, if any, being expressly waived by the parties hereto and by any
person claiming by, through or under the parties hereto and (d) under no
circumstances shall Wilmington Trust Company be personally liable for the
payment of any indebtedness or expenses of the Issuer or be liable for the
breach or failure of any obligation, representation, warranty or covenant made
or undertaken by the Issuer under this Administrative Services Agreement or any
other related documents.

         SECTION 11.10.     NO PETITION. Notwithstanding any prior termination
of this Administrative Services Agreement, the Administrator as such shall not
acquiesce, petition or otherwise, directly or indirectly, invoke or cause the
Issuer to invoke the process of any governmental authority for the purpose of
commencing or sustaining a

                                       14
<PAGE>

case against the Issuer under any Federal or state bankruptcy, insolvency or
similar law or appointing a receiver, liquidator, assignee, trustee, custodian,
sequestrator or other similar official of the Issuer or any substantial part of
its property or ordering the winding up or liquidation of the affairs of the
Issuer for one year and one day after the last obligation of any series of the
Issuer has been paid.

         SECTION 11.11.     SEVERABILITY. In case one or more of the provisions
contained in, or obligation under, this Administrative Services Agreement shall
be or shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction shall
not in any way be affected or impaired thereby to the fullest extent permitted
under applicable law.

         SECTION 11.12.     ENTIRE AGREEMENT. This Administrative Services
Agreement constitutes the entire agreement between the parties hereto relating
to the subject matter hereof and supersedes all previous agreements between the
parties, whether written or oral.

         SECTION 11.13.     ADMINISTRATOR TO PROVIDE INDENTURE TRUSTEE ACCESS TO
BOOKS AND RECORDS. The Administrator shall provide the Indenture Trustee with
access to the books and records of the Issuer without charge, but only (a) upon
the reasonable request of the Indenture Trustee (for which purpose one business
day shall be deemed reasonable during the occurrence and continuation of a
default or an event of default as specified in the Indenture), (b) during normal
business hours, (c) subject to the Administrator's normal security and
confidentiality procedures and (d) at offices designated by the Administrator.

         SECTION 11.14.     NO WAIVER. No failure on the part of the parties
hereto to exercise, and no delay in exercising, and no course of dealing with
respect to, any right, power or privilege hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise thereof or the exercise of any
other right, power or privilege operate as such a waiver.

         SECTION 11.15.     REMEDIES CUMULATIVE. No right, power or remedy of
the parties hereunder shall be exclusive of any other right, power or remedy,
but shall be cumulative and in addition to any other right, power or remedy
thereunder or now or hereafter existing by law or in equity.

                                       15
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Administrative
Services Agreement to be executed as of the day and year first above written.

                                    ALLSTATE LIFE GLOBAL FUNDING, acting
                                    hereunder with respect to each series

                                    By: Wilmington Trust Company, not in its
                                    individual capacity,
                                    but solely as Delaware Trustee

                                    By:  ______________________________
                                         Name:
                                         Title:

                                    AMACAR PACIFIC CORP.,
                                    in its individual capacity

                                    By: ______________________________
                                        Name: Douglas K. Johnson
                                        Title: President

                                       16

<PAGE>

                                       A-1<Page>

                                                                    EXHIBIT 10.6

                               INDEMNITY AGREEMENT

June 24, 2002

Wilmington Trust Company
1100 North Market Street
Rodney Square North
Wilmington, Delaware 19890
Attention: Corporate Trust Administration

Ladies and Gentlemen:

          In consideration of Wilmington Trust Company ("WTC") agreeing to enter
into that certain Trust Agreement, dated as of June 24, 2002 (the "Trust
Agreement"), between WTC, as Delaware trustee (the "Trustee"), and AMACAR
Pacific Corp. ("Beneficial Owner"), as may be amended and restated from time to
time, in connection with the formation of Allstate Life Global Funding, a
Delaware statutory business trust organized in series (the "Trust"), the Trust
by this letter agreement (this "Agreement"), hereby agrees to the following
indemnity arrangement. Capitalized terms used and not otherwise defined herein
shall have the meanings assigned to them in the Trust Agreement.

     1.   The Trust (the "Indemnitor") hereby agrees, whether or not any of the
transactions contemplated by the Trust Agreement shall be consummated, to assume
liability for, and hereby indemnifies, protects, saves and keeps harmless the
Trustee, and its officers, directors, successors, assigns, legal
representatives, agents and servants (each an "Indemnified Person"), from and
against any and all liabilities, obligations, losses, damages, penalties, taxes
(excluding any taxes payable by WTC on or measured by any compensation received
by WTC for its services as Trustee), claims, actions, investigations,
proceedings, costs, expenses or disbursements (including, without limitation,
reasonable legal fees and expenses, subject to the limitations contained in the
preceding paragraphs) of any kind and nature whatsoever which may be imposed on,
incurred by or asserted at any time against an Indemnified Person (whether or
not also indemnified against by any other person but in all cases subject to the
following two paragraphs) in any way relating to or arising out of (i) the Trust
Agreement or any of the other agreements to which the Trust is or becomes a
party or the enforcement of any of the terms of any thereof or the
administration of the assets of the Trust or the action or inaction of the
Trustee under the Trust Agreement, except where any such claim for
indemnification has arisen as a result of the willful misconduct or gross
negligence (or ordinary negligence with respect to the handling of funds) on the
part of the Trustee or WTC in the performance or nonperformance of its duties
under the Trust Agreement or any of the other agreements to which the Trust
becomes a party.

          The obligations of Indemnitor under this Agreement shall be in
addition to any liability which Indemnitor or any other person may otherwise
have and shall survive the termination of the Trust Agreement.

<Page>

Wilmington Trust Company
June 24, 2002
Page 2

     2.   This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original,
but all of such counterparts shall together constitute but one and the same
Agreement.

     3.   Notices should be sent as set forth below, or at such other address as
such party shall hereafter furnish in writing:

          Allstate Life Global Funding
          c/o AMACAR Pacific Corp.
          6525 Morrison Boulevard, Suite 318
          Charlotte, North Carolina
          Attention: Douglas K. Johnson
          Facsimile: (704) 365-1632

          Wilmington Trust Company
          1100 North Market Street
          Rodney Square North
          Wilmington, Delaware 19890
          Attention: Corporate Trust Administration
          Facsimile: (302) 636-4140

     4.   No waiver, modification or amendment of this Agreement shall be valid
unless executed in writing by the parties hereto.

     5.   This Agreement shall be governed by and construed in accordance with
the laws of the State of Delaware, without regard to conflicts of laws
principles.

                            [SIGNATURE PAGE FOLLOWS]

<Page>

Wilmington Trust Company
June 24, 2002
Page 3

          If the foregoing correctly sets forth the understanding and agreement
between the Indemnitor and WTC, please so indicate by signing in the space
provided for below.

                                          Very truly yours,

                                          ALLSTATE LIFE GLOBAL FUNDING

                                          By: Wilmington Trust Company, not in
                                          its individual capacity but solely as
                                          Delaware Trustee

                                          By:   /s/ Donald G. MacKelcan
                                             -----------------------------------
                                          Name:  Donald G. MacKelcan
                                          Title: Vice President
AGREED AND ACCEPTED:
WILMINGTON TRUST COMPANY

By:   /s/ Donald G. MacKelcan
   --------------------------------
Name:  Donald G. MacKelcan
Title: Vice President

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