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                                                                   EXHIBIT 10.10

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                STANDARD ADMINISTRATIVE SERVICES AGREEMENT TERMS

                                 WITH RESPECT TO

                       ALLSTATE LIFE GLOBAL FUNDING TRUSTS

                               DATED AS OF -, 2004

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                                TABLE OF CONTENTS

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ARTICLE 1     DEFINITIONS; OTHER DEFINITIONAL PROVISIONS

  SECTION 1.1.      COVENANTS..............................................................................1
  SECTION 1.2.      DEFINITIONS............................................................................1
  SECTION 1.3.      OTHER DEFINITIONAL PROVISIONS..........................................................4

ARTICLE 2     APPOINTMENT; ADMINISTRATIVE SERVICES

  SECTION 2.1.      APPOINTMENT............................................................................4
  SECTION 2.2.      ADMINISTRATIVE SERVICES................................................................5

ARTICLE 3     ACTIVITIES OF THE TRUST; EMPLOYEES; OFFICES.

  SECTION 3.1.      ACTIVITIES OF THE TRUST................................................................7
  SECTION 3.2.      EMPLOYEES..............................................................................7
  SECTION 3.3.      OFFICES................................................................................8

ARTICLE 4     COMPENSATION; INDEMNITIES

  SECTION 4.1.      COMPENSATION...........................................................................8
  SECTION 4.2.      INDEMNITIES............................................................................8

ARTICLE 5     TERM

  SECTION 5.1.      TERM...................................................................................8

ARTICLE 6     OBLIGATION TO SUPPLY INFORMATION

  SECTION 6.1.      OBLIGATION TO SUPPLY INFORMATION.......................................................9
  SECTION 6.2.      RELIANCE ON INFORMATION................................................................9

ARTICLE 7     LIABILITY OF ADMINISTRATOR; STANDARD OF CARE

  SECTION 7.1.      LIABILITY OF ADMINISTRATOR.............................................................9
  SECTION 7.2.      NO IMPLIED OBLIGATIONS.................................................................9
  SECTION 7.3.      STANDARD OF CARE.......................................................................9

ARTICLE 8     LIMITED RECOURSE

  SECTION 8.1.      LIMITED RECOURSE TO TRUST.............................................................10
  SECTION 8.2.      NO RECOURSE TO TRUSTEES AND AGENTS....................................................10

ARTICLE 9     TAX MATTERS

  SECTION 9.1.      INCOME TAX TREATMENT..................................................................10
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ARTICLE 10    MISCELLANEOUS

  SECTION 10.1.     AMENDMENTS............................................................................10
  SECTION 10.2.     NO JOINT VENTURE......................................................................11
  SECTION 10.3.     ASSIGNMENT............................................................................11
  SECTION 10.4.     GOVERNING LAW, CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL..........................11
  SECTION 10.5.     COUNTERPARTS..........................................................................11
  SECTION 10.6.     LIMITATION OF DELAWARE TRUSTEE LIABILITY..............................................12
  SECTION 10.7.     NO PETITION...........................................................................12
  SECTION 10.8.     SEVERABILITY..........................................................................12
  SECTION 10.9.     ENTIRE AGREEMENT......................................................................12
  SECTION 10.10.    ADMINISTRATOR TO PROVIDE ACCESS TO BOOKS AND RECORDS..................................12
  SECTION 10.11.    NO WAIVER.............................................................................13
  SECTION 10.12.    REMEDIES CUMULATIVE...................................................................13
  SECTION 10.13.    NOTICES...............................................................................13
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     This document constitutes the Standard Administrative Services Agreement
Terms, which will be incorporated by reference in, and form a part of, the
Administrative Services Agreement (as defined below).

     These Standard Administrative Services Agreement Terms shall be of no force
and effect unless and until incorporated by reference in, and then only to the
extent not modified by, the Administrative Services Agreement.

     These Standard Administrative Services Agreement Terms shall govern the
administration of the activities of the Trust, subject to contrary terms and
provisions expressly adopted in the Administrative Services Agreement, which
contrary terms shall be controlling.

                                    ARTICLE 1
                   DEFINITIONS; OTHER DEFINITIONAL PROVISIONS

     SECTION 1.1. COVENANTS. The Trust repeats and reaffirms to the
Administrator the covenants of the Trust set forth in Article - of the
Indenture.

     SECTION 1.2. DEFINITIONS.

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

     "ADMINISTRATIVE SERVICES AGREEMENT" means that certain Administrative
Services Agreement included in Part B of the Series Instrument, and which
incorporates by reference these Standard Administrative Services Agreement
Terms, by and between the Trust and the Administrator, as the same may be
amended, modified or supplemented from time to time.

     "ADMINISTRATOR" means AMACAR Pacific Corp., a Delaware corporation, in its
capacity as the sole administrator of the Trust pursuant to the Administrative
Services Agreement, and its successors.

     "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" has the meaning set forth in the Distribution Agreement.

     "ALLSTATE LIFE" means Allstate Life Insurance Company, a stock life
insurance company organized and licensed under the laws of the State of
Illinois, and any successor.

     "CLOSING INSTRUMENT" means the closing instrument of the Trust, pursuant to
which the Indenture is entered into, and certain other documents are executed,
in connection with the issuance of the Notes by the Trust.

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     "COLLATERAL" means, with respect to the Notes, the right, title and
interest of the Trust in and to (a) the Funding Agreement(s) held by the Trust,
(b) all proceeds of such Funding Agreement(s) and (c) all books and records
pertaining to the Funding Agreement(s).

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

     "COORDINATION AGREEMENT" means that certain Coordination Agreement included
in Part F of the Series Instrument, among Allstate Life Insurance Company, the
Trust and the Indenture Trustee, as the same may be amended, modified or
supplemented from time to time.

     "DELAWARE TRUSTEE" means Wilmington Trust Company, a Delaware banking
corporation, in its capacity as the sole Delaware trustee of the Trust and its
successors.

     "DISTRIBUTION AGREEMENT" means that certain Distribution Agreement dated as
of -, 2004, by and among Global Funding and the Agents named therein, as the
same may be amended, modified or supplemented from time to time.

     "FUNDING AGREEMENT" means each funding agreement issued by Allstate Life to
Global Funding, which is sold to and deposited into, the Trust by Global
Funding, and immediately pledged and collaterally assigned by the Trust to the
Indenture Trustee, as the same may be modified, restated, replaced, supplemented
or otherwise amended from time to time in accordance with the terms thereof.

     "GLOBAL FUNDING" means Allstate Life Global Funding, a statutory trust
formed under the laws of the State of Delaware.

     "INDENTURE" means that certain Indenture included in Part A of the Closing
Instrument, between the Trust and the Indenture Trustee, as the same may be
amended, modified or supplemented from time to time.

     "INDENTURE TRUSTEE" means J.P. Morgan Trust Company, National Association,
and its successors.

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

     "MOODY'S" means Moody's Investors Services, Inc.

     "NAME LICENSING AGREEMENT" means that certain Name Licensing Agreement
included in Part D of the Series Instrument, between Allstate Insurance Company
and the Trust, as the same may be amended, modified or supplemented from time to
time.

     "NOTE" has the meaning set forth in the Indenture.

     "PAYING AGENT" has the meaning set forth in the Indenture.

     "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

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organization, whether or not a legal entity, and any government or any agency or
political subdivision thereof.

     "PRICING SUPPLEMENT" means the pricing supplement included as Annex A to
the Series Instrument.

     "PROGRAM" means the program for the issuance, from time to time, of secured
medium term notes of the Allstate Life Global Funding Trusts.

     "PROGRAM DOCUMENTS" means each Note, the Series Instrument, the Indenture,
the Trust Agreement, the Administrative Services Agreement, the Support
Agreement, the Name Licensing Agreement, the Distribution Agreement, the Terms
Agreement, each Funding Agreement and any other documents or instruments entered
into by, or with respect to, or on behalf of, the Trust.

     "RATING AGENCY" means each of Moody's Investors Services, Inc., Standard &
Poor's Ratings Services, a Division of The McGraw-Hill Companies, Inc., and any
other rating agency which provides a rating of the Notes.

     "REGISTRAR" has the meaning set forth in the Indenture.

     "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 Trust, 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 Delaware 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 Delaware 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.

     "S&P" means Standard & Poor's Ratings Services, a Division of The
McGraw-Hill Companies, Inc.

     "SERIES INSTRUMENT" means the closing instrument of the Trust, pursuant to
which the Administrative Services Agreement, the Coordination Agreement, the
Name Licensing Agreement, the Support Agreement, the Terms Agreement and the
Trust Agreement are entered into, and certain other documents are executed, in
connection with the issuance of the Notes by the Trust.

     "SERVICE PROVIDER" has the meaning set forth in the Support Agreement.

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     "SUPPORT AGREEMENT" means that certain Support and Expenses Agreement
included in Part C of the Series Instrument, by and between Allstate Life and
the Trust, as the same may be amended, modified or supplemented from time to
time.

     "SURVIVOR'S OPTION" means the provision in the Notes permitting optional
repayment of such Notes prior to maturity, if requested, following the death of
the beneficial owner of such Notes, so long as such Notes in accordance with
such Notes.

     "TERMS AGREEMENT" means that certain Terms Agreement related to the
offering of the Notes, included in Part E of the Series Instrument, by and among
Global Funding, the Trust and each Agent named therein, which will incorporate
by reference the terms of the Distribution Agreement.

     "TRUST" means the Allstate Life Global Funding Trust specified in the
Series Instrument, together with its permitted successors and assigns.

     "TRUST AGREEMENT" means that certain Trust Agreement, included in Part A of
the Series Instrument, pursuant to which the Trust is created.

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

     (a)  the terms defined in this Article shall have the meanings ascribed to
          them in this Article and shall include the plural as well as the
          singular; PROVIDED, that all capitalized terms used in and not
          otherwise defined in the Administrative Services Agreement 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 the Administrative Services
          Agreement or the intent of the parties to the Administrative Services
          Agreement; and

     (d)  capitalized terms not otherwise defined in the Administrative Services
          Agreement will have the respective meanings set forth in the
          Indenture.

                                    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
Trust with full power and authority, and agrees to carry out all of the duties
and responsibilities (a) of the Trust under the Program Documents and any other
document to which the Trust is a party and (b) of the Administrator under the
Administrative Services Agreement.

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

     (a)  subject to the timely receipt of all necessary information, providing,
          or causing to be provided, all clerical, and bookkeeping services
          necessary and appropriate for the administration of the Trust,
          including, without limitation, the following services as well as those
          other services specified in the following subsections:

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

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

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

          (iv)    holding, maintaining, and preserving executed copies of the
                  Program Documents and other documents or instruments executed
                  by the Trust 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 Trust is a party, and
                  enforce the obligations of those parties to the Trust under
                  such agreements;

          (vi)    upon request, preparing for execution by a Responsible Officer
                  such notices, consents, instructions and other communications
                  that the Trust may from time to time be required or permitted
                  to give under the Program Documents or any other document
                  executed by the Trust;

          (vii)   obtaining services of outside counsel, accountants and other
                  Service Providers on behalf of the Trust;

          (viii)  preparing for execution by a Responsible Officer any
                  instruction for payment of any amounts due and owing by the
                  Trust under the Program Documents to which the Trust is a
                  party or any other document to which the Trust is a party;
                  provided that the foregoing shall not obligate the
                  Administrator to advance any of its own monies for such
                  purpose, it being

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                  understood that such amounts shall be payable only to the
                  extent assets held in the Trust are available therefor and at
                  such times and in such amounts as shall be permitted by the
                  Program Documents;

          (ix)    preparing for execution by a Responsible Officer any
                  instruction for payment of any amounts due and owing by the
                  Trust to the Indenture Trustee, the Paying Agent, the
                  Registrar and other Service Providers on request for all
                  expenses, disbursements and advances to the extent not paid
                  pursuant to the Support Agreement; 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 be payable only to the extent assets held in the Trust
                  are available therefor and at such times and in such amounts
                  as shall be permitted by the Program Documents; and

          (x)     taking such other actions as may be incidental or reasonably
                  necessary (A) to the accomplishment of the actions of the
                  Administrator authorized in this subsection (a) or (B) upon
                  receipt of notice from a Responsible Officer directing
                  specifically the Administrator to do so, to the accomplishment
                  of the duties and responsibilities, and compliance with the
                  obligations, of the Trust, under the Program Documents and
                  under any other document to which the Trust is or may be a
                  party to the extent not otherwise performed by the Indenture
                  Trustee, a Paying Agent, the Transfer Agent, the Registrar or
                  the Delaware Trustee, provided that no such duties or
                  responsibilities shall materially enlarge the duties and
                  responsibilities of the Administrator which are set forth
                  specifically in the Administrative Services Agreement;

     (b)  upon the issuance of the Notes, directing the Indenture Trustee to pay
          the expenses of the Trust relating to the Notes to the extent not paid
          under the Support Agreement;

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

     (d)  subject to the timely receipt of all necessary information or notices
          from the Delaware Trustee, and based on the advice of counsel, on
          behalf of the Trust, (i) the preparation and filing with the
          Securities and Exchange Commission (the "COMMISSION") and, if
          necessary, executing, in each case solely on behalf of the Trust and
          not in the Administrator's individual capacity such documents, forms,
          certifications and filings as may be required by the Securities Act of
          1933, as amended, the Securities Exchange Act of 1934, as amended, the
          Trust Indenture Act of 1939, as amended, or other securities laws in
          each case relating to the Notes; (ii) the preparation and filing of
          any documents or forms required to be filed by any rules or
          regulations of any securities exchange, including without limitation,
          the New York Stock Exchange, or market quotation dealer system or the
          National Association of Securities Dealers, Inc. in connection with
          the listing

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          of the Notes thereon; (iii) preparing, filing and executing solely on
          behalf of the Trust and not in the Administrator's individual
          capacity, 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, the Notes
          under the securities or "Blue Sky" laws of any relevant jurisdictions;
          and (iv) executing and delivering, solely on behalf of the Trust and
          not in the Administrator's individual capacity, letters or documents
          to, or instruments for filing with, a depositary relating to the
          Notes;

     (e)  if the Pricing Supplement relating to the Notes provides for a
          Survivor's Option, taking such actions as may be incidental or
          reasonably necessary to administer the Survivor's Option; and

     (f)  undertaking such other administrative services as may be reasonably
          requested by the Trust or the Delaware Trustee, including (i) causing
          the preparation by the Trust of any prospectus, prospectus supplement,
          pricing supplement, registration statement, amendments, including any
          exhibits and schedules thereto, any reports or other filings or
          documents, or supplement thereto or (ii) securing and maintaining the
          listing of the Notes on any securities exchange or complying with the
          securities or "Blue Sky" laws of any relevant jurisdictions, in
          connection with the performance by the Trust of its obligations under
          the Program Documents or any other document to which the Trust is a
          party or other documents executed thereunder or in connection
          therewith.

     Any of the above services (other than those described in Sections 2.2(c),
2.2(d) and 2.2(e)) may, if the Administrator or the Trust deems it necessary or
desirable, be subcontracted by the Administrator; PROVIDED that notice is given
to the Trust of such subcontract and, notwithstanding such subcontract, the
Administrator shall remain responsible for performance of the services set forth
above unless such services are subcontracted to accountants or legal counsel
selected with due care by the Administrator and reasonably satisfactory to the
Trust and in which case the Administrator shall not remain responsible for the
performance of such services and the Administrator shall not, in any event, be
responsible for the costs, fees or expenses in connection therewith.

                                    ARTICLE 3
                  ACTIVITIES OF THE TRUST; EMPLOYEES; OFFICES.

     SECTION 3.1. ACTIVITIES OF THE TRUST. The Administrator agrees to carry out
and perform the administrative activities of the Trust set forth in Article 2 in
the name and on behalf of the Trust as its agent.

     SECTION 3.2. EMPLOYEES. All services to be furnished by the Administrator
under the Administrative Services Agreement may be furnished by an officer or
employee of the Administrator, an officer or employee of any Affiliate of the
Administrator, or, subject to Article 2, any other person or agent designated or
retained by it; PROVIDED that the Administrator shall remain ultimately
responsible for the provision of such services by an officer or employee of the

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Administrator or any of its Affiliates or any other person or agent designated
or retained by it, unless selected with due care and reasonably satisfactory to
the Trust in accordance with the last paragraph of Article 2. No director,
officer or employee of the Administrator or any Affiliate of the Administrator
shall receive from the Trust a salary or other compensation.

     SECTION 3.3. OFFICES. The Administrator agrees to provide its own office
space, together with appropriate materials and any necessary support personnel,
for the day to day activities of the Trust set forth in Article 2 to be carried
out and performed by the Administrator, all for the compensation specified in
Article 4. All services to be furnished by the Administrator under the
Administrative Services Agreement shall be performed from the Administrator's
office in North Carolina.

                                    ARTICLE 4
                            COMPENSATION; INDEMNITIES

     SECTION 4.1. COMPENSATION. The Trust agrees to pay the Administrator the
fees set forth in the Administrative Services Agreement (the "ADMINISTRATION
FEE").

     SECTION 4.2. INDEMNITIES. To the fullest extent permitted under applicable
law and subject to limitations imposed by public policy, the Trust 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, 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, under the Administrative Services
Agreement (collectively, "LOSS AND EXPENSE"); PROVIDED, HOWEVER, that the Trust
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 negligence, bad faith or willful misconduct of the
Administrator.

                                    ARTICLE 5
                                      TERM

     SECTION 5.1. TERM. The Administrator may terminate the Administrative
Services Agreement upon at least 30 days' written notice to the Trust and
Allstate Life and the Trust may terminate the Administrative Services Agreement
upon at least 30 days' 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 Trust appoints a successor Administrator, (b)
the successor Administrator accepts such appointment, (c) the Administrator has
obtained the prior written confirmation of any Rating Agency that such action
will not result in a reduction or withdrawal of its then current ratings, if
any, of the Program and/or the Notes, as applicable and (d) the Trust has paid
all accrued and unpaid amounts owed to the Administrator under the
Administrative Services Agreement.

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                                    ARTICLE 6
                        OBLIGATION TO SUPPLY INFORMATION

     SECTION 6.1. OBLIGATION TO SUPPLY INFORMATION. The Delaware Trustee shall
forward to the Administrator such information (which is in the possession of the
Trust) in connection with the Program Documents and the Administrative Services
Agreement as the Administrator may from time to time reasonably request in
connection with the performance of its obligations under the Administrative
Services Agreement. The Administrator will (a) hold and safely maintain all
records, files, Program Documents and other material of the Trust and (b) permit
the Trust, 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
Trust, or relating to the provision of services and facilities under the
Administrative Services Agreement.

     SECTION 6.2. RELIANCE ON INFORMATION. The Trust recognizes that the
accuracy and completeness of the records maintained and the information supplied
by the Administrator under the Administrative Services Agreement is dependent
upon the accuracy and completeness of the information obtained by the
Administrator from the parties to the Program Documents and other sources and
the Administrator shall not be responsible for any inaccurate or incomplete
information so obtained or for any inaccurate or incomplete records maintained
by the Administrator under the Administrative Services Agreement 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 7
                  LIABILITY OF ADMINISTRATOR; STANDARD OF CARE

     SECTION 7.1. LIABILITY OF ADMINISTRATOR. The Administrator assumes no
liability for anything other than the services rendered by it pursuant to
Articles 2, 3, 6 and 9, and neither the Administrator nor any of its directors,
officers, employees or Affiliates shall be responsible for any action of the
Trust, the Delaware Trustee or the officers or employees thereof taken outside
the scope of Articles 2, 3, 6 and 9 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 Trust's
obligations under the Program Documents.

     SECTION 7.2. NO IMPLIED OBLIGATIONS. The Administrator shall not perform,
endeavor to perform or agree to perform any act on behalf of the Trust not
specifically required or permitted under the Program Documents.

     SECTION 7.3. STANDARD OF CARE. The Administrator shall perform its duties
under the Administrative Services Agreement diligently, in conformity with the
Trust's obligations under the Program 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.

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                                    ARTICLE 8
                                LIMITED RECOURSE

     SECTION 8.1. LIMITED RECOURSE TO TRUST. Notwithstanding anything to the
contrary contained in the Administrative Services Agreement, all obligations of
the Trust under the Administrative Services Agreement shall be payable by the
Trust (subject to the lien created by the Indenture on the Collateral held in
the Trust) 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 Trust to the extent of such unavailability or insufficiency
until such time as the Collateral held in the Trust has produced proceeds
sufficient to pay such prior deficiency. This Section 8.1 shall survive the
termination of the Administrative Services Agreement.

     SECTION 8.2. NO RECOURSE TO TRUSTEES AND AGENTS. The obligations of the
Trust under the Administrative Services Agreement are solely the obligations of
the Trust and no recourse shall be had with respect to the Administrative
Services Agreement or any of the obligations of the Trust under the
Administrative Services Agreement or for the payment of any fee or other amount
payable under the Administrative Services Agreement or for any claim based on,
arising out of or relating to any provision of the Administrative Services
Agreement against any trustee, employee, settlor, Affiliate, agent or servant of
the Trust. This Section 8.2 shall survive the termination of the Administrative
Services Agreement.

                                    ARTICLE 9
                                   TAX MATTERS

     SECTION 9.1. INCOME TAX TREATMENT. The Administrator agrees that for all
United States Federal, state and local income and franchise tax purposes (i) to
treat the Notes as indebtedness of Allstate Life, (ii) Global Funding and the
Trust will be ignored and will not be treated as an association or a publicly
traded partnership taxable as a corporation and (iii) to not take any action
inconsistent with the treatment described in (i) and (ii) unless otherwise
required by law.

                                   ARTICLE 10
                                  MISCELLANEOUS

     SECTION 10.1. AMENDMENTS. No waiver, alteration, modification, amendment or
supplement of the terms of the Administrative Services Agreement shall be
effective unless (a) accomplished by written instrument signed by the parties to
the Administrative Services Agreement and (b) for so long as any Notes remain
outstanding, each of Moody's and S&P has confirmed in writing that such action
will not result in reduction or withdrawal of its then current ratings, if any,
of the Program and/or the Trust's Notes, as applicable. The Trust shall provide
each of Moody's and S&P with a copy of each such waiver, alteration,
modification, amendment or supplement. Notwithstanding anything in this Section
10.1 to the contrary, no waiver, alteration, modification, amendment or
supplement to the terms of the Administrative Services Agreement shall be
effective without the prior written consent of Allstate Life.

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     SECTION 10.2. NO JOINT VENTURE. Nothing contained in the Administrative
Services Agreement shall constitute the Trust and the Administrator as members
of any partnership, joint venture, association, syndicate or unincorporated
business.

     SECTION 10.3. ASSIGNMENT. Except as set forth in this Section 10.3, and
subject to the rights of the Administrator to subcontract its services under the
Administrative Services Agreement pursuant to Article 2, the Administrative
Services Agreement may not be assigned by either party without (i) the prior
written consent of the other party and Allstate Life and (ii) the prior written
confirmation of each of Moody's and S&P that such action will not result in a
reduction or withdrawal of its then current ratings, if any, of the Program or
the Notes, as applicable. Subject to the foregoing, the Administrative Services
Agreement shall be binding upon and inure to the benefit of the parties to the
Administrative Services Agreement and their respective successors and assigns.
Any party's transfer or assignment of the Administrative Services Agreement in
violation of this Section 10.3 shall be void as to the other party.

     SECTION 10.4. GOVERNING LAW, CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL.

     (a)  Pursuant to Section 5-1401 of the General Obligations Law of the State
          of New York, the Administrative Services Agreement shall be governed
          by and construed in accordance with the laws of the State of New York.
          Each party to the Administrative Services Agreement submits to the
          nonexclusive jurisdiction of the United States District Court for the
          Southern District of New York and of any New York State Court sitting
          in New York City for purposes of all legal proceeding arising out of
          or relating to the Administrative Services Agreement or the
          transactions contemplated by the Administrative Services Agreement.
          Each party to the Administrative Services Agreement irrevocably
          waives, to the fullest extent permitted by law, any objection which it
          may have to the laying of the venue of any such proceeding brought in
          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 the
          Administrative Services Agreement consents to process being served in
          any suit, action or proceeding with respect to the Administrative
          Services Agreement, or any document delivered pursuant to the
          Administrative Services Agreement 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 the Administrative Services Agreement or to any other address of
          which it shall have given written notice to the other parties. The
          foregoing shall not limit the ability of any party to the
          Administrative Services Agreement to bring suit in the courts of any
          other jurisdiction.

     (b)  Each of the parties irrevocably waives any and all right to a trial by
          jury with respect to any legal proceeding arising out of or relating
          to the Administrative Services Agreement or any transaction. Each of
          the parties to the Administrative Services Agreement acknowledges that
          such waiver is made with full understanding and knowledge of the
          nature of the rights and benefits waived.

     SECTION 10.5. COUNTERPARTS. The Administrative Services Agreement and any
amendments, modifications, restatements, supplements and/or replacements of the

                                       11
<Page>

Administrative Services Agreement, or waivers or consents to the Administrative
Services Agreement, may be executed in any number of counterparts, and by
different parties to the Administrative Services Agreement 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. The Administrative Services Agreement
shall become effective upon the execution of a counterpart by each of the
parties.

     SECTION 10.6. LIMITATION OF DELAWARE TRUSTEE LIABILITY. Notwithstanding any
provision of the Administrative Services Agreement to the contrary, it is
expressly understood and agreed by the parties that (a) the Administrative
Services Agreement is executed and delivered by the Delaware Trustee, not
individually or personally, but solely as trustee, as applicable, 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 in
the Administrative Services Agreement made on the part of the Trust is made and
intended not as personal representations, undertakings and agreements by the
Delaware Trustee but is made and intended for the purpose of binding only the
Trust, (c) nothing contained in the Administrative Services Agreement shall be
construed as creating any liability on the Delaware Trustee, individually or
personally, to perform any covenant either expressed or implied contained in the
Administrative Services Agreement, all such liability, if any, being expressly
waived by the parties to the Administrative Services Agreement and by any person
claiming by, through or under the parties to the Administrative Services
Agreement, and (d) under no circumstances shall the Delaware Trustee be
personally liable for the payment of any indebtedness or expenses of the Trust
or be liable for the breach or failure of any obligation, representation,
warranty or covenant made or undertaken by the Trust under the Administrative
Services Agreement or any other related documents.

     SECTION 10.7. NO PETITION. To the extent permitted by applicable law, the
Administrator covenants and agrees that it will not institute against, or join
with any other Person in instituting against, the Trust any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any applicable bankruptcy or similar law. This Section 10.7
shall survive termination of the Administrative Services Agreement.

     SECTION 10.8. SEVERABILITY. If any provision in the Administrative Services
Agreement shall be invalid, illegal or unenforceable, such provisions shall be
deemed severable from the remaining provisions of the Administrative Services
Agreement and shall in no way affect the validity or enforceability of such
other provisions of the Administrative Services Agreement.

     SECTION 10.9. ENTIRE AGREEMENT. The Administrative Services Agreement
constitutes the entire agreement between the parties with respect to matters
covered by the Administrative Services Agreement and supersedes all prior
agreements and understandings with respect to such matters between the parties
whether written or oral.

     SECTION 10.10. ADMINISTRATOR TO PROVIDE ACCESS TO BOOKS AND RECORDS. The
Administrator shall provide the Indenture Trustee with access to the books and
records of the Trust, 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), (b) during normal business hours, (c) subject to

                                       12
<Page>

the Administrator's normal security and confidentiality procedures and (d) at
offices designated by the Administrator.

     SECTION 10.11. NO WAIVER. No failure on the part of the parties to the
Administrative Services Agreement to exercise, and no delay in exercising, and
no course of dealing with respect to, any right, power or privilege under the
Administrative Services Agreement 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 10.12. REMEDIES CUMULATIVE. No right, power or remedy of the
parties under the Administrative Services Agreement 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 existing by law or in equity.

     SECTION 10.13. NOTICES. All notices, demands, instructions and other
communications required or permitted to be given to or made upon either party to
the Administrative Services Agreement shall be in writing (including by
facsimile transmission) and shall be personally delivered or sent by guaranteed
overnight delivery or by facsimile transmission (to be followed by personal or
guaranteed overnight delivery) and shall be deemed to be given for purposes of
the Administrative Services Agreement on the day that such writing is received
by the intended recipient thereof in accordance with the provisions of this
Section. Unless otherwise specified in a notice sent or delivered in accordance
with the foregoing provisions of this Section, notices, demands, instructions
and other communications in writing shall be given to or made upon the
respective parties thereto at their respective addresses (or their respective
telecopy numbers) indicated below:

          If to the Trust:

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

          If to the Administrator:

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

                                       13<Page>

                                                                   Exhibit 10.12

================================================================================

                            NAME LICENSING AGREEMENT

                                     BETWEEN

                           ALLSTATE INSURANCE COMPANY

                                       AND

                          ALLSTATE LIFE GLOBAL FUNDING

                               DATED AS OF -, 2003

================================================================================

<Page>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                            PAGE
<S>                                                                          <C>
ARTICLE 1 DEFINITIONS .........................................................1

 SECTION 1.1.   DEFINITIONS ...................................................1
 SECTION 1.2.   OTHER DEFINITIONAL PROVISIONS .................................2

ARTICLE 2 GRANT OF LICENSE; INDEPENDENT CONTRACTORS ...........................2

 SECTION 2.1.   GRANT OF LICENSE ..............................................2
 SECTION 2.2.   INDEPENDENT CONTRACTORS .......................................2

ARTICLE 3 AGREEMENTS AND ACKNOWLEDGEMENTS OF LICENSEE .........................2

 SECTION 3.1.   AGREEMENTS AND ACKNOWLEDGEMENTS OF LICENSEE ...................2

ARTICLE 4 INFRINGEMENT PROCEEDINGS ............................................4

 SECTION 4.1.   NOTIFICATION OF UNAUTHORIZED USE ..............................4
 SECTION 4.2.   PAYMENTS FOR DAMAGES ..........................................4

ARTICLE 5 TERM AND TERMINATION ................................................4

 SECTION 5.1.   TERM ..........................................................4
 SECTION 5.2.   AUTOMATIC TERMINATION .........................................4
 SECTION 5.3.   IMMEDIATE TERMINATION .........................................5
 SECTION 5.4.   TERMINATION ON NOTICE .........................................5

ARTICLE 6 EFFECT OF TERMINATION ...............................................5

 SECTION 6.1.   CHANGE OF LICENSEE MARKS ......................................5
 SECTION 6.2.   LICENSEE COOPERATION ..........................................5
 SECTION 6.3.   RIGHTS IN LICENSED MARKS ......................................5

ARTICLE 7 MISCELLANEOUS .......................................................5

 SECTION 7.1.   ENFORCEMENT ...................................................5
 SECTION 7.2.   SEVERABILITY ..................................................5
 SECTION 7.3.   ENTIRE AGREEMENT ..............................................6
 SECTION 7.4.   AMENDMENT OF NAME LICENSING AGREEMENT .........................6
 SECTION 7.5.   GOVERNING LAW .................................................6
 SECTION 7.6.   CONSENT TO JURISDICTION .......................................6
 SECTION 7.7.   WAIVER OF JURY TRIAL ..........................................6

                                        i
<Page>

 SECTION 7.8.   NO WAIVER                                                      6
 SECTION 7.9.   REMEDIES CUMULATIVE                                            6
 SECTION 7.10.  NOTICES                                                        7
 SECTION 7.11.  COUNTERPARTS                                                   7
 SECTION 7.12   LIMITATION OF DELAWARE TRUSTEE LIABILITY

 APPENDIX A     LICENSED MARKS                                               A-1
</Table>

                                       ii
<Page>

     THIS NAME LICENSING AGREEMENT dated as of -, 2003 (this "NAME LICENSING
AGREEMENT"), is entered into between Allstate Insurance Company ("LICENSOR"), an
Illinois stock insurance company, and Allstate Life Global Funding ("LICENSEE"),
a statutory trust organized under the laws of the State of Delaware.

     WHEREAS, Licensor is the owner of the Licensed Marks (as defined below);

     WHEREAS, Licensee desires to use the Licensed Marks and use Allstate as
part of its company name; and

     WHEREAS, Licensor and Licensee wish to formalize the agreement between them
regarding Licensee's use of the Licensed Marks;

     NOW, THEREFORE, in consideration of the mutual promises set forth in this
Name Licensing Agreement and other good and valuable consideration, the
sufficiency and receipt of which is hereby acknowledged, the parties agree as
follows:

                                    ARTICLE 1
                                   DEFINITIONS

     SECTION 1.1. DEFINITIONS. The following terms, as used herein, have the
following meanings:

     "AMENDED AND RESTATED TRUST AGREEMENT" means that certain Amended and
Restated Trust Agreement dated as of - , 2003, pursuant to which Licensee is
created, as the same may be amended, restated, modified, supplemented or
replaced from time to time.

     "LICENSED MARKS" shall include all marks listed on Appendix A attached
hereto as the same may be amended, restated, modified, supplemented or replaced
from time to time.

     "LICENSED SERVICES" means the activities necessary to accomplish all
purposes of Licensee as set forth in the Amended and Restated Trust Agreement.

     "LICENSEE" means Allstate Life Global Funding, a statutory trust organized
under the laws of the State of Delaware.

     "LICENSOR" means Allstate Insurance Company, an Illinois stock insurance
company, and its successors.

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

     "TERRITORY" shall mean worldwide.

                                        1
<Page>

     SECTION 1.2. OTHER DEFINITIONAL PROVISIONS. For all purposes of this Name
Licensing Agreement except as otherwise expressly provided or unless the context
otherwise requires:

     (a)  the terms defined in this Article shall have the meanings ascribed to
          them in this Article and shall include the plural as well as the
          singular;

     (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 Name Licensing Agreement
          or the intent of the parties to this Name Licensing Agreement;

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

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

                                    ARTICLE 2
                    GRANT OF LICENSE; INDEPENDENT CONTRACTORS

     SECTION 2.1. GRANT OF LICENSE. Licensor hereby grants to Licensee for the
term of this Name Licensing Agreement a nonexclusive, nontransferable right and
license to use the Licensed Marks for the Licensed Services within the
Territory. Licensor is not representing that it has rights with respect to
Licensed Marks or the Licensed Marks in every jurisdiction within the Territory.

     SECTION 2.2. INDEPENDENT CONTRACTORS. Licensor and Licensee are independent
contractors and are not, and shall not, represent themselves as principal and
agent, partners or joint venturers.

                                    ARTICLE 3
                   AGREEMENTS AND ACKNOWLEDGEMENTS OF LICENSEE

     SECTION 3.1. AGREEMENTS AND ACKNOWLEDGEMENTS OF LICENSEE. Licensee
acknowledges and agrees that:

     (a)  Licensor is the sole owner of the Licensed Marks;

     (b)  Licensee shall do nothing inconsistent with the ownership of the
          Licensed Marks by Licensor;

     (c)  all use of the Licensed Marks by Licensee shall inure only to the
          benefit of and be on behalf of Licensor;

                                        2
<Page>

     (d)  Licensee shall assist Licensor in executing any additional documents
          that may be necessary or desirable to effect the protection of
          Licensor's interests in Licensed Marks, including, but not limited to,
          the execution of any and all documents required by governmental
          agencies in order to register or maintain trademark and service mark
          registrations; in addition, Licensee shall not oppose Licensor's
          registration of the Licensed Marks nor take action that jeopardizes
          Licensor's rights in Licensed Marks;

     (e)  nothing in this Name Licensing Agreement shall give Licensee any
          right, title or interest in Licensed Marks other than the license
          granted in this Name Licensing Agreement;

     (f)  Licensee shall not attack or challenge in any way Licensor's rights in
          and to Licensed Marks or the validity or enforceability of this Name
          Licensing Agreement;

     (g)  Licensee shall not assign any of the rights granted under this Name
          Licensing Agreement without the prior express written consent of
          Licensor;

     (h)  Licensee shall not grant to any Person a right and license to use the
          Licensed Marks without the prior express written consent of Licensor;

     (i)  Licensee shall not use any Licensor's Mark not covered by this Name
          Licensing Agreement which is the property or is claimed as the
          property of Licensor or Licensor's subsidiaries or affiliates, except
          with the prior express written consent of Licensor;

     (j)  Licensee shall comply with all applicable law, rules and regulations
          pertaining to its business;

     (k)  Licensor has the sole and exclusive right to control the appearance of
          the Licensed Marks, including the quality of the mark in the Licensed
          Marks;

     (l)  the nature and quality of the business conducted by Licensee under the
          Licensed Marks, and all related advertising, promotional and other
          uses of Licensed Marks by Licensee shall conform to standards set by
          and under the control of Licensor and communicated to Licensee from
          time to time;

     (m)  except as otherwise agreed in writing by Licensor from time to time,
          Licensee shall submit to - of Licensor for Licensor's prior approval
          representative samples of all proposed materials bearing the Licensed
          Marks, to the extent that such materials are not contained in the
          Registration Statement on Form S-3 (File No. 333--), as amended and
          the exhibits thereto;

     (n)  Licensor shall have the right to inspect, upon reasonable notice, the
          business facilities of Licensee and to request submission of written
          materials at any time during the term of this Name Licensing Agreement
          so that Licensor may

                                        3
<Page>

          satisfy itself that quality standards are being appropriately complied
          with and will immediately modify or discontinue any use of Licensed
          Marks that Licensor deems not to be in compliance with its quality
          standards;

     (o)  the standards of conduct of Licensee's business shall be equivalent to
          the high standards of quality and ethics characteristic of the
          businesses conducted by Licensor;

     (p)  the value and goodwill of the Licensed Marks accrues solely to
          Licensor; and

     (q)  Licensee will not act or use Licensed Marks in any manner which may,
          in Licensor's judgment, be in bad taste, be inconsistent with
          Licensor's public image or which may in any way disparage Licensor or
          its reputation including, but not limited to, types and placement of
          advertising, or take any action which will harm or jeopardize the
          Licensed Marks or Licensor's ownership thereof.

                                    ARTICLE 4
                            INFRINGEMENT PROCEEDINGS

     SECTION 4.1. NOTIFICATION OF UNAUTHORIZED USE. Licensee agrees to promptly
notify Licensor of any unauthorized use of any of Licensed Marks as such
unauthorized use comes to Licensee's attention. Licensor shall have the sole
right and discretion to take any action relating to Licensed Marks; PROVIDED,
that Licensee agrees to cooperate fully, should Licensor decide to take any such
action.

     SECTION 4.2. PAYMENTS FOR DAMAGES. If infringement proceedings result in an
award of damages or the payment of any sums to Licensor, any such damages or
payments shall belong solely to Licensor.

                                    ARTICLE 5
                              TERM AND TERMINATION

     SECTION 5.1. TERM. This Name Licensing Agreement shall continue in force
and effect for so long as Licensee continues to exist in accordance with the
terms of the Amended and Restated Trust Agreement, unless it is sooner
terminated as provided for in this Name Licensing Agreement.

     SECTION 5.2. AUTOMATIC TERMINATION. This Name Licensing Agreement shall
automatically terminate upon the happening of any of the following events:

     (a)  Licensee is ordered or adjudged bankrupt, is placed under the
          supervision of a receiver, or enters into any scheme or composition
          with creditors to make an assignment for the benefit of creditors;

     (b)  any assets of Licensee are seized or attached in conjunction with any
          action against Licensee by a third party; or

                                        4
<Page>

     (c)  any of the assets of Licensee are seized or appropriated by any
          governmental authority, whether or not compensation for such action is
          offered to Licensee.

     SECTION 5.3. IMMEDIATE TERMINATION. Licensor shall have the right, but not
the obligation, to immediately terminate this Name Licensing Agreement and all
rights granted under this Name Licensing Agreement in the event that Licensee
(a) ceases to conduct business as a statutory trust, (b) breaches any of its
representations, agreements, covenants and undertakings in this Name Licensing
Agreement, (c) fails to comply with laws, rules and regulations applicable to it
or the conduct of its business to the complete satisfaction of Licensor, (d)
acts in a manner that impugns Licensor's reputation or (e) uses the Licensed
Marks in a manner that is inconsistent with or beyond the scope of the license
granted herein.

     SECTION 5.4. TERMINATION ON NOTICE. Licensor may terminate this Name
Licensing Agreement without cause upon the provision of ten days' prior written
notice to Licensee.

                                    ARTICLE 6
                              EFFECT OF TERMINATION

     SECTION 6.1. CHANGE OF LICENSEE MARKS. Upon termination of this Name
Licensing Agreement, Licensee agrees to immediately change Licensee's name as to
not include any Licensed Marks, and to discontinue and not to use in the future
any of the Licensed Marks, any trade name incorporating any of the Licensed
Marks, or any terms confusingly similar to any of Licensed Marks.

     SECTION 6.2. LICENSEE COOPERATION. Upon termination of this Name Licensing
Agreement, Licensee agrees to cooperate fully with Licensor to amend or cancel
any governmental recordations or approvals pertaining to any tradenames,
trademarks or servicemarks which consist of or include any of Licensed Marks.

     SECTION 6.3. RIGHTS IN LICENSED MARKS. Upon termination of this Name
Licensing Agreement, any and all rights in the Licensed Marks heretofor granted
to Licensee and the goodwill connected therewith shall remain the property of
Licensor.

                                    ARTICLE 7
                                  MISCELLANEOUS

     SECTION 7.1. ENFORCEMENT. The parties agree that any breaches of this Name
Licensing Agreement shall cause irreparable injury to the nonbreaching party and
that an injunction shall be an appropriate remedy.

     SECTION 7.2. SEVERABILITY. In the event any provision of, or obligation
under, this Name Licensing Agreement 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.

                                        5
<Page>

     SECTION 7.3. ENTIRE AGREEMENT. This Name Licensing Agreement constitutes
the entire agreement between the parties hereto relating to the subject matter
of this Name Licensing Agreement, and supersedes all previous agreements between
the parties, whether written or oral.

     SECTION 7.4. AMENDMENT OF NAME LICENSING AGREEMENT. Any amendments,
modifications, restatements, supplements or replacements of this Name Licensing
Agreement, or waivers or consents to this Name Licensing Agreement, shall be in
writing signed by the parties.

     SECTION 7.5. GOVERNING LAW. This Name Licensing Agreement shall be governed
by, and construed in accordance with, the laws of the State of Illinois, without
regard to its choice of law principles.

     SECTION 7.6. CONSENT TO JURISDICTION. Each party to this Name Licensing
Agreement submits to the nonexclusive jurisdiction of the United States Federal
court located in Cook County, Illinois, for purposes of any legal proceeding
arising out of or relating to this Name Licensing Agreement or the transactions
contemplated by this Name Licensing Agreement. Each party to this Name Licensing
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 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 Name Licensing Agreement consents to process being served in any suit,
action or proceeding with respect to this Name Licensing Agreement, or any
document delivered pursuant to this Name Licensing Agreement 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 Name Licensing 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 to this Name Licensing Agreement to bring suit in the
courts of any other jurisdiction.

     SECTION 7.7. WAIVER OF JURY TRIAL. Each of the parties to this Name
Licensing 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 Name
Licensing Agreement or any claims or transactions in connection with this Name
Licensing Agreement. Each of the parties to this Name Licensing Agreement hereby
acknowledges that such waiver is made with full understanding and knowledge of
the nature of the rights and benefits waived hereby.

     SECTION 7.8. NO WAIVER. No failure on the part of Licensor to exercise, and
no delay in exercising, and no course of dealing with respect to, any right,
power or privilege under this Name Licensing Agreement 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 7.9. REMEDIES CUMULATIVE. No right, power or remedy of Licensor
under this Name Licensing Agreement shall be exclusive of any other right, power
or remedy, but

                                        6
<Page>

shall be cumulative and in addition to any other right, power or remedy
thereunder or existing by law or in equity.

     SECTION 7.10.       NOTICES. All notices, demands, or other communications
required or permitted to be given under this Name Licensing Agreement shall be
given in writing by delivering the same against receipt thereof by facsimile
transmission (confirmed by registered or certified mail, postage prepaid, return
receipt requested), or by registered or certified mail, postage prepaid, return
receipt requested, addressed as follows (and if so given, shall be deemed given
when mailed or upon receipt of a confirmation, if sent by facsimile):

     If to Licensor:     Allstate Insurance Company
                         3100 Sanders Road
                         Northbrook, Illinois 60062
                         Attention: -
                         Facsimile: -

     If to Licensee:     Allstate Life Global Funding
                         c/o AMACAR Pacific Corp.
                         6525 Morrison Boulevard, Suite 318
                         Charlotte, North Carolina 28211
                         Attention: President
                         Facsimile: (704) 365-1362

or at such other address as shall be designated by any party in a written notice
to the other party.

SECTION 7.11.            COUNTERPARTS. This Name Licensing Agreement and any
amendments, modifications, restatements, supplements and/or replacements of this
Name Licensing Agreement, or waivers or consents to this Name Licensing
Agreement, may be executed in any number of counterparts, and by different
parties to this Name Licensing Agreement 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 Name Licensing Agreement shall become effective upon the
execution of a counterpart by each of the parties.

SECTION 7.12             LIMITATION OF DELAWARE TRUSTEE LIABILITY.
Notwithstanding any provision of this Name Licensing Agreement to the
contrary, it is expressly understood and agreed by the parties that (a) this
Name Licensing Agreement is executed and delivered by Wilmington Trust
Company (The "Delaware Trustee") not individually or personally, but solely
as trustee, as applicable, in the exercise of the powers and authority
conferred and vested in it, pursuant to the Amended and Restated Trust
Agreement for the Licensee, (b) each of the representations, undertakings
and agreements in this Name Licensing Agreement made on the part of the
Licensee is made and intended not as personal representations, undertakings and
agreements by the Delaware Trustee but is made and intended for the purpose of
binding only the Licensee, (c) nothing contained in this Name Licensing
Agreement shall be construed as creating any liability on the Delaware Trustee,
 individually or personally, to perform any covenant either expressed or implied
 contained in this Name Licensing Agreement, all such liability, if any, being
expressly waived by the parties to this Name Licensing Agreement and by any
person claiming by, through or under the parties to this Name Licensing
Agreement, and (d) under no circumstances shall the Delaware Trustee be
personally liable for the payment of any indebtedness or expenses of the
Licensee or be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by the Licensee under
this Name Licensing Agreement of any other related documents.

                                        7
<Page>

IN WITNESS WHEREOF, the parties have caused this Name Licensing Agreement to be
executed by duly authorized representatives on the date first written above.

                                 ALLSTATE INSURANCE COMPANY

                                 By: -------------------------------------------
                                     Name:
                                     Title:

                                 ALLSTATE LIFE GLOBAL FUNDING

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

                                 By: -------------------------------------------
                                     Name:
                                     Title:

<Page>

                                   APPENDIX A
                                 LICENSED MARKS

-  Allstate

-  Allstate Life

-  [ALLSTATE(SM) LOGO]

                                       A-1

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