Document:

<Page>

                                                                    EXHIBIT 4.13

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

                            FORM OF SERIES INSTRUMENT

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

<Page>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                Page
                                                                                ----
<S>                                                                             <C>
PART A         TRUST AGREEMENT......................................................1
PART B         ADMINISTRATIVE SERVICES AGREEMENT....................................3
PART C         SUPPORT AND EXPENSES AGREEMENT.......................................5
PART D         NAME LICENSING AGREEMENT.............................................7
PART E         TERMS AGREEMENT......................................................9
PART F         COORDINATION AGREEMENT..............................................12
PART G         MISCELLANEOUS AND EXECUTION PAGES...................................17

EXHIBIT A      STANDARD TRUST AGREEMENT TERMS.....................................A-1
EXHIBIT B      STANDARD ADMINISTRATIVE SERVICES AGREEMENT TERMS...................B-1
EXHIBIT C      STANDARD SUPPORT AND EXPENSES AGREEMENT TERMS......................C-1
EXHIBIT D      STANDARD NAME LICENSING AGREEMENT TERMS............................D-1
EXHIBIT E      DISTRIBUTION AGREEMENT.............................................E-1
EXHIBIT F      CERTIFICATE OF TRUST...............................................F-1

ANNEX A        PRICING SUPPLEMENT...............................................A-A-1
ANNEX B        DELAWARE TRUSTEE SERVICE FEE SCHEDULE............................A-B-1
ANNEX C        ADMINISTRATOR SERVICE FEE SCHEDULE...............................A-C-1
ANNEX D        DEALER NOTICE INFORMATION........................................A-D-1
</Table>

                                        i
<Page>

     WHEREAS, the parties named herein desire to enter into certain documents
relating to the issuance by Allstate Life Global Funding Trust [   ] - [ ] (the
"Trust") of Notes to investors under Allstate Life Global Funding's ("Global
Funding") secured medium term notes program;

     WHEREAS, the Trust will be created under and its activities will be
governed by (i) the provisions of the Trust Agreement (set forth in Part A of
this Series Instrument), dated as of the date of the Pricing Supplement
(attached to this Series Instrument as Annex A) (the "Pricing Supplement"),
between the parties thereto indicated in Part G herein, and (ii) the Certificate
of Trust (attached as Exhibit F to this Series Instrument);

     WHEREAS, the Trust will be administered pursuant to the provisions of the
Administrative Services Agreement (set forth in Part B of this Series
Instrument), dated as of the date of the Pricing Supplement, between the parties
thereto indicated in Part G herein;

     WHEREAS, certain costs and expenses of the Trust and the service providers
to the Trust will be paid pursuant to the Support and Expenses Agreement (set
forth in Part C of this Series Instrument), dated as of the date of the Pricing
Supplement, between the parties thereto indicated in Part G herein;

     WHEREAS, certain licensing arrangements between the Trust and Allstate
Insurance Company will be governed pursuant to the provisions of the Name
Licensing Agreement (set forth in Part D of this Series Instrument), dated as of
the date of the Pricing Supplement, between the parties thereto indicated in
Part G herein;

     WHEREAS, the sale of the Notes will be governed by the Terms Agreement (set
forth in Part E of this Series Instrument), dated as of the date of the Pricing
Supplement, among the parties thereto indicated in Part G herein;

     WHEREAS, certain agreements relating to the Notes and the Funding
Agreement(s) are set forth in the Coordination Agreement (set forth in Part F of
this Series Instrument), dated as of the date of the Pricing Supplement, among
the parties thereto indicated in Part G herein;

     All capitalized terms used in the above recitals and not otherwise defined
will have the meanings set forth in the Standard Indenture Terms to be attached
as Exhibit A to the Closing Instrument for the Trust.

                                       ii
<Page>

                                     PART A
                                 TRUST AGREEMENT

     This TRUST AGREEMENT, dated as of the date of the Pricing Supplement
attached to this Series Instrument as Annex A (the "Pricing Supplement"), is
entered into among Allstate Life Global Funding, a Delaware statutory trust, as
trust beneficial owner (the "Trust Beneficial Owner"), AMACAR Pacific Corp., a
Delaware corporation, as the sole administrator of the Trust (the
"Administrator") and Wilmington Trust Company, a Delaware banking corporation,
as Delaware trustee (the "Delaware Trustee").

                              W I T N E S S E T H:

     WHEREAS, the Trust Beneficial Owner, the Administrator and the Delaware
Trustee desire to authorize the issuance of Notes in connection with the
entry into this Trust Agreement;

     WHEREAS, all things necessary to make this Trust Agreement a valid and
legally binding agreement of the Delaware Trustee, the Administrator and the
Trust Beneficial Owner, enforceable in accordance with its terms, have been
done;

     WHEREAS, the parties intend to provide for, among other things, (i) the
issuance and sale of the Notes (pursuant to the Indenture to be set forth in
Part A of the Closing Instrument for the Trust and the Terms Agreement set forth
in Part E herein), (ii) the use of the proceeds of the sale of the Notes to
acquire a Funding Note, which will be surrendered in consideration for the
Funding Agreement(s), and (iii) all other actions deemed necessary or desirable
in connection with the transactions contemplated by this Trust Agreement; and

     WHEREAS, the parties hereto desire to incorporate by reference the Standard
Trust Agreement Terms attached to this Series Instrument as Exhibit A (the
"Standard Trust Agreement Terms," together with this Trust Agreement,
collectively, the "Trust Agreement").

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

                                    ARTICLE 1

          Section 1.1   INCORPORATION BY REFERENCE. All terms, provisions and
agreements of the Standard Trust Agreement Terms (except to the extent expressly
modified herein) are hereby incorporated herein by reference with the same force
and effect as though fully set forth herein. To the extent that the terms set
forth in Article 2 of this Trust Agreement are inconsistent with the terms of
the Standard Trust Agreement Terms, the terms set forth in Article 2 herein
shall apply.

          Section 1.2   DEFINITIONS. "Series Instrument" means the Series
Instrument in which this Trust Agreement is included as Part A. All capitalized
terms not otherwise defined in this Trust Agreement shall have the meanings set
forth in the Standard Trust Agreement Terms.

                                        1
<Page>

                                    ARTICLE 2

          Section 2.1   NAME. The Trust created and governed by this Trust
Agreement shall have the name specified in this Series Instrument.

          Section 2.2   OWNERSHIP OF THE TRUST. Upon the creation of the Trust,
Global Funding shall be the sole beneficial owner of the Trust.

          Section 2.3   ACKNOWLEDGMENT. The Delaware Trustee, the Trust
Beneficial Owner and the Administrator expressly acknowledge their duties and
obligations set forth in the Standard Trust Agreement Terms incorporated
herein.

          Section 2.4   COMPENSATION. The Delaware Trustee shall be entitled to
receive the fees specified in the Delaware Trustee Service Fee Schedule, which
is attached as Annex B to this Series Instrument.

          Section 2.5   ADDITIONAL TERMS. None.

          Section 2.6   SERIES INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS.
The parties to this Trust Agreement will enter into this Trust Agreement by
executing this Series Instrument.

          By executing this Series Instrument, the Delaware Trustee, the
Administrator and the Trust Beneficial Owner hereby agree that this Trust
Agreement will constitute a legal, valid and binding agreement among the
Delaware Trustee, the Administrator and the Trust Beneficial Owner.

          All terms relating to the Trust or the Notes not otherwise included in
this Trust Agreement will be as specified in this Series Instrument or Pricing
Supplement as indicated herein.

          Section 2.7   COUNTERPARTS. This Trust Agreement, through this Series
Instrument, may be executed in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute but one and the same instrument.

                                        2
<Page>

                                     PART B
                        ADMINISTRATIVE SERVICES AGREEMENT

     This ADMINISTRATIVE SERVICES AGREEMENT, dated as of the date of the Pricing
Supplement attached to this Series Instrument as Annex A (the "Pricing
Supplement"), is entered into between the Allstate Life Global Funding Trust
specified in this Series Instrument (the "Trust") and AMACAR Pacific Corp., a
Delaware corporation (the "Administrator").

                              W I T N E S S E T H:

     WHEREAS, the Trust has requested that the Administrator perform various
services for the Trust;

     WHEREAS, the Trust desires to have the Administrator perform various
financial, statistical, accounting and other services for the Trust, and the
Administrator is willing to furnish such services on the terms and conditions
herein set forth; and

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Administrative Services Agreement Terms attached to this Series
Instrument as Exhibit B (the "Standard Administrative Services Agreement Terms,"
together with this Administrative Services Agreement, collectively, the
"Administrative Services Agreement").

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

                                    ARTICLE 1

          Section 1.1   INCORPORATION BY REFERENCE. All terms, provisions and
agreements of the Standard Administrative Services Agreement Terms (except to
the extent expressly modified herein) are hereby incorporated herein by
reference with the same force and effect as though fully set forth herein. To
the extent that the terms set forth in Article 2 of this Administrative Services
Agreement are inconsistent with the terms of the Standard Administrative
Services Agreement Terms, the terms set forth in Article 2 herein shall apply.

          Section 1.2   DEFINITIONS. "Series Instrument" means the Series
Instrument in which this Administrative Services Agreement is included as Part
B. All capitalized terms not otherwise defined in this Administrative Services
Agreement shall have the meanings set forth in the Standard Administrative
Services Agreement Terms.

                                    ARTICLE 2

          Section 2.1   COMPENSATION. The Administrator shall be entitled to
receive the fees specified in the Administrator Service Fee Schedule, which is
attached as Annex C to this Series Instrument.

          Section 2.2   ADDITIONAL TERMS. None.

                                        3
<Page>

          Section 2.3   SERIES INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS.
The parties to this Administrative Services Agreement will enter into this
Administrative Services Agreement by executing this Series Instrument.

          By executing this Series Instrument, Wilmington Trust Company (the
"Delaware Trustee"), on behalf of the Trust, and the Administrator hereby agree
that this Administrative Services Agreement will constitute a legal, valid and
binding agreement between the Trust and the Administrator.

          All terms relating to the Trust or the Notes not otherwise included in
this Administrative Services Agreement will be as specified in this Series
Instrument or Pricing Supplement as indicated herein.

          Section 2.4   COUNTERPARTS. This Administrative Services Agreement,
through this Series Instrument, may be executed in any number of counterparts,
each of which counterparts shall be deemed to be an original, and all of which
counterparts shall constitute but one and the same instrument.

          Section 2.5   THIRD PARTY BENEFICIARY. The parties hereto acknowledge
that the Delaware Trustee shall be an express third party beneficiary to this
Administrative Services Agreement, entitled in its own name and on its own
behalf to enforce the provisions hereof against the Trust and the Administrator
with respect to obligations owed to the Delaware Trustee by either the Trust or
the Administrator; provided, however, that such right shall be valid only for so
long as the Delaware Trustee has any outstanding obligations or potential
obligations under the Trust Agreement.

                                        4
<Page>

                                     PART C
                         SUPPORT AND EXPENSES AGREEMENT

     This SUPPORT AND EXPENSES AGREEMENT, dated as of the date of the Pricing
Supplement attached to this Series Instrument as Annex A (the "Pricing
Supplement"), is entered into between Allstate Life Insurance Company, an
Illinois stock life insurance company ("Allstate Life") and the Allstate Life
Global Funding Trust specified in this Series Instrument (the "Trust").

                              W I T N E S S E T H:

     WHEREAS, in consideration of the Service Providers providing services to
the Trust in connection with the Program and pursuant to the agreements and
other documents contained in this Series Instrument and the Closing Instrument
to be executed for the Trust, under which the Service Providers will have
certain duties and obligations, Allstate Life hereby agrees to the following
compensation arrangements and terms of indemnity; and

     WHEREAS, the parties hereto desire to incorporate by reference the Standard
Support and Expenses Agreement Terms attached to this Series Instrument as
Exhibit C (the "Standard Support and Expenses Agreement Terms," together with
this Support and Expenses Agreement, collectively, the "Support and Expenses
Agreement").

     NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, each party hereby agrees as follows:

                                    ARTICLE 1

          Section 1.1   INCORPORATION BY REFERENCE. All terms, provisions and
agreements of the Standard Support and Expenses Agreement Terms (except to the
extent expressly modified herein) are hereby incorporated herein by reference
with the same force and effect as though fully set forth herein. To the extent
that the terms set forth in Article 2 of this Support and Expenses Agreement are
inconsistent with the terms of the Standard Support and Expenses Agreement
Terms, the terms set forth in Article 2 herein shall apply.

          Section 1.2   DEFINITIONS. "Series Instrument" means the Series
Instrument in which this Support and Expenses Agreement is included as Part C.
All capitalized terms not otherwise defined in this Support and Expenses
Agreement shall have the meanings set forth in the Standard Support and Expenses
Agreement Terms.

                                    ARTICLE 2

          Section 2.1   ADDITIONAL TERMS. None.

          Section 2.2   SERIES INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS.
The parties to this Support and Expenses Agreement will enter into this Support
and Expenses Agreement by executing this Series Instrument.

                                        5
<Page>

          By executing this Series Instrument, each party hereto agrees that
this Support and Expenses Agreement will constitute a legal, valid and binding
agreement by and among such parties.

          All terms relating to the Trust or the Notes not otherwise included in
this Support and Expenses Agreement will be as specified in this Series
Instrument or Pricing Supplement as indicated herein.

          Section 2.3   COUNTERPARTS. This Support and Expenses Agreement,
through this Series Instrument, may be executed in any number of counterparts,
each of which counterparts shall be deemed to be an original, and all of which
counterparts shall constitute but one and the same instrument.

                                        6
<Page>

                                     PART D
                            NAME LICENSING AGREEMENT

     This NAME LICENSING AGREEMENT, dated as of the date of the Pricing
Supplement attached to this Series Instrument as Annex A (the "Pricing
Supplement"), is entered into between Allstate Insurance Company (the
"Licensor"), an Illinois stock life insurance company, and the Allstate Life
Global Funding Trust specified in this Series Instrument (the "Licensee").

                              W I T N E S S E T H:

     WHEREAS, Licensor is the owner of certain tradenames, trademarks and
service marks and registrations and pending applications therefor, and may
acquire additional tradenames, trademarks and service marks in the future
(collectively, "Licensor's Marks");

     WHEREAS, Licensee desires to use certain of Licensor's Marks and use
Allstate Life as part of its company name;

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

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Name Licensing Agreement Terms attached to this Series
Instrument as Exhibit D (the "Standard Name Licensing Agreement Terms," together
with this Name Licensing Agreement, collectively, the "Name Licensing
Agreement").

     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

          Section 1.1   INCORPORATION BY REFERENCE. All terms, provisions and
agreements set forth in the Standard Name Licensing Agreement Terms (except to
the extent expressly modified herein) are hereby incorporated herein by
reference with the same force and effect as though fully set forth herein. To
the extent that the terms set forth in Article 2 of this Name Licensing
Agreement are inconsistent with the terms of the Standard Name Licensing
Agreement Terms, the terms set forth in Article 2 herein shall apply.

          Section 1.2   DEFINITIONS. "Series Instrument" means the Series
Instrument in which this Name Licensing Agreement is included as Part D. All
capitalized terms not otherwise defined in this Name Licensing Agreement shall
have the meanings set forth in the Standard Name Licensing Agreement Terms.

                                    ARTICLE 2

          Section 2.1   ADDITIONAL TERMS. None.

                                        7
<Page>

          Section 2.2   SERIES INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS.
The parties to this Name Licensing Agreement will enter into this Name Licensing
Agreement by executing this Series Instrument.

          By executing this Series Instrument, Licensor and the Licensee hereby
agree that this Name Licensing Agreement will constitute a legal, valid and
binding agreement between Licensor and the Licensee.

          All terms relating to the Trust or the Notes not otherwise included in
this Name Licensing Agreement will be as specified in this Series Instrument or
Pricing Supplement as indicated herein.

          Section 2.3   COUNTERPARTS. This Name Licensing Agreement, through
this Series Instrument, may be executed in any number of counterparts, each of
which counterparts shall be deemed to be an original, and all of which
counterparts shall constitute but one and the same instrument.

                                        8
<Page>

                                     PART E
                                 TERMS AGREEMENT

     This TERMS AGREEMENT (the "Terms Agreement"), dated as of the date of the
Pricing Supplement attached to this Series Instrument as Annex A (the "Pricing
Supplement"), is entered into among each agent specified in the Pricing
Supplement (each, an "Agent"), Allstate Life Global Funding, a Delaware
statutory trust ("Global Funding") and the Allstate Life Global Funding Trust
specified in this Series Instrument (the "Trust").

                              W I T N E S S E T H:

     WHEREAS, all things necessary to make this Terms Agreement a valid and
legally binding agreement of the Trust, Global Funding and the other parties to
this Terms Agreement, enforceable in accordance with its terms, have been done,
and the Trust proposes to do all things necessary to make the notes referred to
in Section 1.4 below (the "Notes"), when executed by the Trust and authenticated
and delivered pursuant hereto and the Indenture to be set forth in Part A to the
Closing Instrument for the Trust, valid and legally binding obligations of the
Trust as hereinafter provided; and

     WHEREAS, the parties hereto desire to incorporate by reference the
Distribution Agreement attached to this Series Instrument as Exhibit E (the
"Distribution Agreement", together with this Terms Agreement, collectively, the
"Terms Agreement").

     NOW, THEREFORE, for and in consideration of the premises and the issuance
of the Notes by the Trust, it is mutually agreed by the parties hereto as
follows:

                                    ARTICLE 1

          Section 1.1   AGREEMENT TO BE BOUND. Global Funding, the Trust and
each Agent hereby agree to be bound by all of the terms, provisions and
agreements set forth herein, with respect to all matters contemplated herein,
including, without limitation, those relating to the issuance of the Notes.

          Section 1.2   INCORPORATION BY REFERENCE. All terms, provisions and
agreements set forth in the Distribution Agreement (except to the extent
expressly modified hereby) are hereby incorporated herein by reference (as if
fully set forth herein). Should any portion of the Distribution Agreement
conflict with the terms of this Terms Agreement, the terms of this Terms
Agreement shall prevail. References herein to Sections or Exhibits shall refer
respectively to the sections or exhibits of the Distribution Agreement, unless
otherwise expressly provided.

          Section 1.3   ADDITION OF TRUST AS PARTY TO DISTRIBUTION AGREEMENT.
Pursuant to the Distribution Agreement, each of the parties hereto acknowledges
and agrees that the Trust, upon execution hereof by the Trust, Global Funding
and the applicable Agent(s), shall become an "Issuing Trust" for purposes of the
Distribution Agreement in accordance with the terms thereof, in respect of the
Notes, with all the authority, rights, powers, duties and obligations of an
"Issuing Trust" under the Distribution Agreement. The Trust confirms that any
agreement, covenant, acknowledgment, representation or warranty under the
Distribution Agreement applicable to the Trust is made by the Trust at the date
hereof, unless another time or times are

                                        9
<Page>

specified in the Distribution Agreement, in which case such agreement, covenant,
acknowledgment, representation or warranty shall be deemed to be confirmed by
the Trust at such specified time or times.

          Section 1.4   DESIGNATION OF THE TRUST AND THE NOTES. The Trust
referred to in this Terms Agreement is the Allstate Life Global Funding Trust
specified in this Series Instrument. The Notes issued by the Trust pursuant to
the Terms Agreement shall be the notes specified in the Pricing Supplement.

          Section 1.5   ADDITIONAL TERMS. None.

          Section 1.6   DEFINITIONS. "Series Instrument" means the Series
Instrument in which this Terms Agreement is included as Part E. All capitalized
terms not otherwise defined in this Terms Agreement shall have the meanings set
forth in the Distribution Agreement.

                                    ARTICLE 2

          Section 2.1   PURCHASE/SOLICITATION OF PURCHASES OF NOTES.

          (1)    If specified in the Pricing Supplement, the Notes are being
purchased by the Agent(s) as principal. If the Notes are to be purchased by the
Agent(s) as principal, the Agent(s) specified in the Pricing Supplement
[severally and not jointly] agree to purchase the Notes having the terms and in
the amounts specified in the Pricing Supplement.

          (2)    If specified in the Pricing Supplement, the Agent(s) will be
acting as agent. If the Agent(s) are to solicit the purchase of the Notes acting
as agents, the Agent(s) will solicit the purchase of Notes pursuant to Section
1(d) of the Distribution Agreement.

          Section 2.2   FUNDING AGREEMENT. On the Original Issue Date set forth
in the Pricing Supplement, Global Funding will assign absolutely to, and deposit
into, the Trust the Funding Agreement(s) identified by number in the Pricing
Supplement.

          Section 2.3   DEALER NOTICE INFORMATION. As specified in Annex D to
this Series Instrument.

                                    ARTICLE 3

          Section 3.1   SERIES INSTRUMENT; EXECUTION AND INCORPORATION OF TERMS.
The parties to this Terms Agreement will enter into this Terms Agreement by
executing this Series Instrument.

          By executing this Series Instrument, each party hereto agrees that
this Terms Agreement will constitute a legal, valid and binding agreement by and
among the Trust, Allstate Life Global Funding and the Agents specified in the
Pricing Supplement.

          All terms relating to the Trust or the Notes not otherwise included in
this Terms Agreement will be as specified in this Series Instrument or Pricing
Supplement as indicated herein.

                                       10
<Page>

          Section 3.2   COUNTERPARTS. This Terms Agreement, through this Series
Instrument, may be executed in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute but one and the same instrument.

                                       11
<Page>

                                     PART F
                             COORDINATION AGREEMENT

     This COORDINATION AGREEMENT (this "Coordination Agreement"), dated as of
the date of the Pricing Supplement attached to this Series Instrument as
Annex A (the "Pricing Supplement"), is entered into among Allstate Life
Insurance Company ("Allstate Life"), Allstate Life Global Funding ("Global
Funding"), J.P. Morgan Trust Company, National Association, as funding note
indenture trustee (in such capacity, the "Funding Note Indenture Trustee")
the Allstate Life Global Funding Trust specified in this Series Instrument
(the "Trust") and J.P. Morgan Trust Company, National Association, as
indenture trustee (in such capacity, the "Indenture Trustee").

                              W I T N E S S E T H:

     WHEREAS, the Trust intends to issue the Notes specified in the Pricing
Supplement (the "Notes") in accordance with the Indenture to be set forth in
Part A to the Closing Instrument for the Trust (the "Indenture");

     WHEREAS, the Agent(s) have agreed to sell the Notes in accordance with
the Purchase Agreement, the Terms Agreement and the Registration Statement;

     WHEREAS, the Trust intends to purchase the Funding Note issued by Global
Funding and dated as of the Original Issue Date specified in the Pricing
Supplement (the "Funding Note") with the net proceeds from the sale of the
Notes;

     WHEREAS, Global Funding intends to sell the Funding Note to the Trust and
use the proceeds therefrom to purchase the Funding Agreement(s) described in the
Pricing Supplement (the "Funding Agreement(s)") from Allstate Life;

     WHEREAS, Allstate Life intends to sell the Funding Agreement(s) to Global
Funding in consideration for the proceeds Global Funding receives from the sale
of the Funding Note;

     WHEREAS, Global Funding intends to immediately pledge and collaterally
assign each Funding Agreement to and grant a security interest in each
Funding Agreement and the related collateral in favor of, the Funding Note
Indenture Trustee to secure its obligations under the Funding Note;

     WHEREAS, Global Funding intends to immediately thereafter assign
absolutely to, and deposit into, the Trust the Funding Agreement(s), and the
Funding Note will be surrendered for cancellation by or on behalf of the
Trust, and will be cancelled by the Funding Note Indenture Trustee, and the
pledge and collateral assignment of each Funding Agreement to, and the
security interest in favor of, the Funding Note Indenture Trustee will be
terminated;

     WHEREAS, the Trust intends to pledge and collaterally assign the Funding
Agreement(s) to the Indenture Trustee to secure its obligations under the
Notes; and

     WHEREAS, the Trust intends to grant a security interest to the Indenture
Trustee for the benefit of the Secured Parties (as defined in the Indenture).

     NOW, THEREFORE, to give effect to the agreements and arrangements
established under the Terms Agreement set forth in Part E of this Series
Instrument, the Trust Agreement set forth in Part A of this Series Instrument,
the Indenture, and the Notes, and in consideration of the agreements and
obligations set forth herein and for other good and valuable consideration, the
sufficiency of which is hereby acknowledged, each party hereby agrees as
follows:

                                       12
<Page>

                                    ARTICLE 1
                            PURCHASE OF FUNDING NOTE

     The Trust hereby agrees to purchase the Funding Note from Global Funding
with the net proceeds from the sale of the Notes. Global Funding hereby agrees
to sell the Funding Note to the Trust in consideration for the net proceeds from
the sale of the Notes.

                                    ARTICLE 2
                        PURCHASE OF FUNDING AGREEMENT(S)

     Allstate Life hereby agrees to sell the Funding Agreement(s) to Global
Funding in consideration for the proceeds Global Funding receives from the sale
of the Funding Note. Global Funding hereby agrees to immediately purchase the
Funding Agreement(s) with the proceeds Global Funding receives from the sale of
the Funding Note. Global Funding agrees to immediately pledge and
collaterally assign each Funding Agreement to, and grant a security interest
in each Funding Agreement and the related collateral in favor of, the Funding
Note Indenture Trustee.

                                    ARTICLE 3
                          SALE OF FUNDING AGREEMENT(S);
                          CANCELLATION OF FUNDING NOTE

     The parties hereto agree that Global Funding will assign the Funding
Agreement(s) absolutely to, and deposit, the Funding Agreement(s) into, the
Trust, immediately following the pledge, collateral assignment and grant of
security interest described in Article 2, and the Funding Note will be
surrendered for cancellation by or on behalf of the Trust. The Trust hereby
agrees to accept the Funding Agreement(s) from Global Funding in
consideration for the Trust's surrender of the Funding Note. The parties
hereto agree that the Funding Note shall be cancelled by the Funding Note
Indenture Trustee immediately upon such surrender and the pledge and
collateral assignment of each Funding Agreement to, and the security interest
in favor of, the Funding Note Indenture Trustee will be terminated.  Such
cancellation shall operate as a redemption of the Funding Note.

                                    ARTICLE 4
                      DELIVERY OF THE FUNDING AGREEMENT(S)

     The parties hereby appoint the Chicago, Illinois office of the Indenture
Trustee to act as custodian for the Funding Agreement(s) (the "Collateral
Custodian") in connection with (i) the sale of the Funding Agreement(s) by
Allstate Life to Global Funding and the pledge and collateral assignment of
each Funding Agreement to, and the security interest in favor of, the Funding
Note Indenture Trustee, pursuant to Article 2 above, (ii) the sale and
deposit of the Funding Agreement(s) by Global Funding to the Trust pursuant
to Article 3 above, (iii) the collateral assignment of the Funding
Agreement(s) by the Trust to the Indenture Trustee and (iv) any subsequent
permitted transfer of the Funding Agreement(s) by the Indenture Trustee, and
in such capacity to accept and hold in its physical custody the Funding
Agreement(s) in the State of Illinois until such time when the Indenture
Trustee notifies the Collateral Custodian in writing to the contrary, in
connection with the release of the Funding Agreement(s) in accordance with
the terms of the Indenture or upon the occurrence and during the continuation
of an Event of Default (as defined in the Standard Indenture Terms to be
attached as Exhibit A to the Closing Instrument for the Trust) whereupon such
physical custody and possession of the Funding Agreement(s) will be
transferred to the Indenture Trustee or another person in the manner directed
by the Indenture Trustee. The Indenture Trustee, acting through its Chicago,
Illinois office, hereby accepts such appointment and agrees to perform all of
its obligations in its capacity as Collateral Custodian for the Funding
Agreement(s).

                                       13
<Page>

                                    ARTICLE 5
                           PERIODIC PAYMENTS; MATURITY

          Section 5.1   DIRECTIONS REGARDING PERIODIC PAYMENTS. As registered
owner of the Funding Agreement(s) as collateral securing payments on the
Notes, following the pledge and collateral assignment of the Funding
Agreement(s) by the Trust to the Indenture Trustee, the Indenture Trustee
will receive payments on the Funding Agreement(s) on behalf of the Trust. The
Trust hereby directs the Indenture Trustee to use such funds to make payments
on behalf of the Trust pursuant to the Trust Agreement and the Indenture.

          Section 5.2   AMENDMENT TO DIRECTIONS.

                 (a)    The Trust may, at any time and at its sole discretion,
amend the directions set forth in Section 5.1 in accordance with the Trust
Agreement and the Indenture.

                 (b)    Any notice to a payor of the change in identity of any
payee or the appointment of any successor payee, which notice is acknowledged by
the Trust, shall be deemed to be an amendment to these directions which replaces
such new payee for the payee named in these directions.

          Section 5.3   MATURITY OF THE FUNDING AGREEMENT(S). Upon the maturity
of the Funding Agreement(s) and the return of funds thereunder, the Trust hereby
directs the Indenture Trustee to set aside from such funds an amount sufficient
for the repayment of the outstanding principal on the Notes when due.

                                    ARTICLE 6
                                  MISCELLANEOUS

          Section 6.1   NO ADDITIONAL LIABILITY. Nothing in this Coordination
Agreement shall impose any liability or obligation on the part of any party
to this Coordination Agreement to make any payment or disbursement in
addition to any liability or obligation such party has under the other
documents related to the Programs (the "Program Documents"), except to the
extent that a party has actually received funds which it is obligated to
disburse pursuant to this Coordination Agreement.

          Section 6.2   NO CONFLICT. This Coordination Agreement is intended
to be in furtherance of the agreements reflected in the Program Documents,
and not in conflict. To the extent that a provision of this Coordination
Agreement conflicts with the provisions of one or more Program Documents, the
provisions of such documents shall govern.

          Section 6.3   GOVERNING LAW. Pursuant to Section 5-1401 of the
General Obligations Law of the State of New York, this Coordination Agreement
shall be governed by and construed in accordance with, the laws of the State
of New York.

          Section 6.4   DEFINITIONS. "Series Instrument" means the Series
Instrument in which this Coordination Agreement is included as Part F. All
capitalized terms not otherwise defined in this Coordination Agreement shall
have the meanings set forth in the Distribution Agreement.

                                       14
<Page>

          Section 6.5   SEVERABILITY. If any provision of this Coordination
Agreement shall be invalid, illegal or unenforceable, such provisions shall be
deemed severable from the remaining provisions of this Coordination Agreement
and shall in no way affect the validity or enforceability of such other
provisions of this Coordination Agreement.

          Section 6.6   COUNTERPARTS. This Coordination Agreement, through this
Series Instrument, may be executed in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute but one and the same instrument.

          Section 6.7   NOTICES. All demands, notices and communications under
this Coordination Agreement shall be in writing and shall be deemed to have been
duly given upon receipt at the addresses set forth below:

     if to Allstate Life, at

     Allstate Life Insurance Company
     3100 Sanders Road
     Northbrook, IL 60062
     Attention: Secretary

     if to Global Funding, at

     Allstate Life Global Funding
     c/o AMACAR Pacific Corp.
     6525 Morrison Boulevard, Suite 318
     Charlotte, NC 28211
     Attention: President

     if to the Funding Note Indenture Trustee, at

     J.P. Morgan Trust Company, National Association
     201 North Central Avenue
     Phoenix, AZ 85004
     Attention: Global Corporate Trust Services Division

     if to the Trust, at

     Allstate Life Global Funding Trust
     c/o AMACAR Pacific Corp.
     6525 Morrison Boulevard, Suite 318
     Charlotte, NC 28211
     Attention: President

     if to the Indenture Trustee, at

     J.P. Morgan Trust Company, National Association
     201 North Central Avenue
     Phoenix, AZ 85004
     Attention: Global Corporate Trust Services Division

                                       15
<Page>

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

                                       16
<Page>

                                     PART G
                        MISCELLANEOUS AND EXECUTION PAGES

     This Series Instrument may be executed by each of the parties hereto in any
number of counterparts, and by each of the parties hereto on separate
counterparts, each of which counterparts, when so executed and delivered, shall
be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument. Facsimile signatures shall be deemed original
signatures.

     Each signatory, by its execution hereof, does hereby become a party to, or
executes, each of the agreements and certificates identified below for such
signatory as of the date specified in such agreements and certificates.

     It is expressly understood and agreed by the parties that (a) Wilmington
Trust Company (the "Delaware Trustee") is hereby instructed by Global Funding
and the Trust to execute this Series Instrument on their behalf, (b) this
Series Instrument is executed and delivered by the Delaware Trustee, 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 set forth in Part A herein (the "Trust Agreement"), (c) each of the
representations, undertakings and agreements made on the part of the Trust in
this Series Instrument 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, (d) nothing contained herein shall
be construed as creating any liability on the Delaware Trustee individually
or personally, to perform any covenant either expressed or implied contained
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 (e) 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 any breach or failure of any obligation, representation, warranty
or covenant to be made or undertaken by the Trust under the Indenture to be
set forth in Part A to the Closing Instrument for the Trust or any other
related documents; provided, however, that such waiver shall not affect the
liability of the Delaware Trustee (or any entity acting as successor or
additional trustee) to any person under any other agreement to the extent
expressly agreed to in its individual capacity under the Trust Agreement.

     IN WITNESS WHEREOF, the undersigned have executed this Series Instrument.

                            ALLSTATE INSURANCE COMPANY (for purposes of
                            the Name Licensing Agreement set forth in Part D
                            herein)

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

                                       17
<Page>

                            ALLSTATE LIFE INSURANCE COMPANY (for purposes
                            of (i) the Support and Expenses Agreement set forth
                            in Part C herein and (ii) the Coordination
                            Agreement set forth in Part F herein)

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

                            ALLSTATE LIFE GLOBAL FUNDING (for purposes of
                            (i) the Trust Agreement set forth in Part A herein,
                            (ii) the Terms Agreement set forth in Part E herein
                            and (iii) the Coordination Agreement set forth in
                            Part F herein)

                            By:  Wilmington Trust Company, solely in its
                                 capacity as Delaware Trustee

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

                            THE ALLSTATE LIFE GLOBAL FUNDING TRUST
                            SPECIFIED ABOVE (for purposes of (i) the
                            Administrative Services Agreement set forth in Part
                            B herein, (ii) the Support and Expenses Agreement
                            set forth in Part C herein, (iii) the Name Licensing
                            Agreement set forth in Part D herein, (iv) the Terms
                            Agreement set forth in Part E herein and (v) the
                            Coordination Agreement set forth in Part F herein)

                            By:  Wilmington Trust Company, solely in its
                                 capacity as Delaware Trustee

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

                                       18
<Page>

                            WILMINGTON TRUST COMPANY (for purposes of the
                            Trust Agreement set forth in Part A herein as
                            Delaware Trustee)

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

                            J.P. MORGAN TRUST COMPANY, NATIONAL
                            ASSOCIATION (for purposes of the Coordination
                            Agreement set forth in Part F herein, as Funding
                            Note Indenture Trustee, and as Indenture Trustee)

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

                            AMACAR Pacific Corp. (for purposes of (i) the
                            Trust Agreement set forth in Part A herein and (ii)
                            the Administrative Services Agreement set forth in
                            Part B herein as Administrator)

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

                            [MERRILL LYNCH, PIERCE, FENNER & SMITH
                            INCORPORATED] (for purposes of the Terms
                            Agreement set forth in Part E herein)

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

                                       19
<Page>

                                    EXHIBIT A

                         STANDARD TRUST AGREEMENT TERMS

                                       A-1
<Page>

                                    EXHIBIT B

                STANDARD ADMINISTRATIVE SERVICES AGREEMENT TERMS

                                       B-1
<Page>

                                    EXHIBIT C

                  STANDARD SUPPORT AND EXPENSES AGREEMENT TERMS

                                       C-1
<Page>

                                    EXHIBIT D

                     STANDARD NAME LICENSING AGREEMENT TERMS

                                       D-1
<Page>

                                    EXHIBIT E

                             DISTRIBUTION AGREEMENT

                                       E-1
<Page>

                                    EXHIBIT F

                              CERTIFICATE OF TRUST

                                       F-1
<Page>

                                     ANNEX A

                               PRICING SUPPLEMENT

           [PRICING SUPPLEMENT FOR SECURED MEDIUM TERM NOTES PROGRAM]

                        Filed pursuant to Rule 424(b)( )
                      Registration Statement No. 333-112249
                   Pricing Supplement No.__ Dated ______, 200_
                      (To Prospectus dated _____, 2004, and
                    Prospectus Supplement dated _____, 2004)
                                 CUSIP: ________

                                 [ALLSTATE LOGO]

                          ALLSTATE LIFE GLOBAL FUNDING
                            SECURED MEDIUM TERM NOTES
                                 ISSUED THROUGH
         ALLSTATE LIFE GLOBAL FUNDING TRUST [    ] - [  ] (THE "TRUST")

     The description in this pricing supplement of the particular terms of the
Secured Medium Term Notes offered hereby supplements the description of the
general terms and provisions of the notes set forth in the accompanying
prospectus and prospectus supplement, to which reference is hereby made.

<Table>
<S>                                               <C>
Principal Amount:                                 Agent(s) Discount:

Issue Price:                                      Original Issue Date:

Net Proceeds to the Trust:                        Stated Maturity Date:

Funding Agreement Number(s):                      Funding Note Number:

Specified Currency:                               Trust Expiration Date:

Interest Payment Dates:                           Depositary:

Initial Interest Payment Date:

Regular Record Date:                              [15 calendar days prior to the Interest Payment Date]

Type of Interest Rate:                            / / Fixed Rate / / Floating Rate

Fixed Rate Notes:                                 / / Yes / / No. If, Yes,

Interest Rate:

Floating Rate Notes:                              / / Yes / / No. If, Yes,

Regular Floating Rate Notes:                      / / Yes / / No. If, Yes,
   Interest Rate:
   Interest Rate Basis(es):

Floating Rate/Fixed Rate Note:                    / / Yes / / No. If, Yes,
   Floating Interest Rate:
</Table>

                                      A-A-1
<Page>

<Table>
<S>                                              <C>
   Interest Rate Basis(es):
   Fixed Interest Rate:
   Fixed Rate Commencement Date:

Inverse Floating Rate Note:                      / / Yes / / No. If, Yes,
   Fixed Interest Rate:
   Floating Interest Rate:
   Interest Rate Basis(es):

Initial Interest Rate*, if any:

Initial Interest Reset Date:

Interest Rate Basis(es). Check all that apply:
   / / CD Rate                                    / / Commercial Paper Rate
   / / CMT Rate                                   / / Eleventh District Cost of Funds Rate
   / / LIBOR                                      / / Federal Funds Rate
   / / EURIBOR                                    / / Treasury Rate
   / / Prime Rate                                 / / Other (See Attached)

   If LIBOR:

   / / LIBOR Reuters Page                         / / LIBOR Moneyline Telerate Page

   LIBOR Currency:

   If CMT Rate:
       Designated CMT Telerate Page:
       If 7052:                                       / / Weekly Average
                                                      / / Monthly Average
       Designated CMT Maturity Index:

   Index Maturity:

   Spread (+/-):

   Spread Multiplier:

   Interest Reset Date(s):

   Interest Rate Determination Date(s):

   Maximum Interest Rate, if any:

   Minimum Interest Rate, if any;
</Table>

----------
* From the Original Issue Date to the Initial Interest Payment Date, the Initial
Interest Rate shall be deemed to be:

<Table>
   <S>                                            <C>
   / / CD Rate                                    / / Commercial Paper Rate
   / / CMT Rate                                   / / Eleventh District Cost of Funds Rate
   / / LIBOR                                      / / Federal Funds Rate
   / / EURIBOR                                    / / Treasury Rate
   / / Prime Rate                                 / / Other (See Attached)
</Table>

                                      A-A-2
<Page>

<Table>
   <S>                                                <C>
   Calculation Agent:                                 [J.P. Morgan Trust Company, National
                                                      Association]

   Exchange Rate Agent:
</Table>

Computation of Interest (not applicable unless different than as specified in
the prospectus and prospectus supplement):

Day Count Convention (not applicable unless different than as specified in the
prospectus and prospectus supplement):

<Table>
<S>                                               <C>
Amortizing Note:                                  / / Yes / / No. If, Yes,
   Amortizing Schedule:
   Additional/Other Terms:

Discount Note:                                    / / Yes / / No. If, Yes,
   Total Amount of Discount:
   Initial Accrual Period of Discount:
   Additional/Other Terms:

Redemption Provisions:                            / / Yes / / No. If, Yes,
   Initial Redemption Date:
   Initial Redemption Percentage:
   Annual Redemption Percentage Reduction
      (if any):
   Redemption:                                    / / In whole only and not in part
                                                  / / May be in whole or in part
   Additional/Other Terms:

Repayment:                                        / / Yes / / No. If, Yes,
   Repayment Date(s):
   Repayment Price:
   Repayment:                                     / / In whole only and not in part
                                                  / / May be in whole or in part

   Additional/Other Terms:
</Table>

Sinking Fund (not applicable unless specified):

Additional Amounts to be Paid for Withholding Tax (not applicable unless
specified):

<Table>
<S>                                               <C>
Securities Exchange Listing:                      / / Yes / / No. If Yes, Name of Exchange:________

Authorized Denominations:                         [$1,000]
</Table>

Ratings:

   The Notes issued under the Program are rated _____ by Standard & Poor's
   ("S&P"). Allstate Life anticipates Moody's Investors Service, Inc.
   ("Moody's") to rate the Notes ____ at the Original Issue Date.

                                      A-A-3
<Page>

<Table>
<S>                                               <C>
Agent(s) Purchasing Notes as Principal:           / / Yes / / No. If Yes,

Agent(s)                                          Principal Amount

   Total:                                         ______________________________

Agent(s) Acting as Agent:                         / / Yes / / No. If Yes,

Agent(s)                                          Principal Amount

   Total:                                         ______________________________

Additional/Other Terms:

Special Tax Considerations:
</Table>

                                      A-A-4
<Page>

                             [PRICING SUPPLEMENT FOR
                    ALLSTATE LIFE(SM) CORENOTES(SM) PROGRAM]

                        Filed pursuant to Rule 424(b)( )
                      Registration Statement No. 333-112249
                  Pricing Supplement No. __ Dated ______, 200_
                      (To Prospectus dated _____, 2004, and
                    Prospectus Supplement dated _____, 2004)
                                 CUSIP: ________

                                 [ALLSTATE LOGO]

                          ALLSTATE LIFE GLOBAL FUNDING
                                 ISSUED THROUGH
         ALLSTATE LIFE GLOBAL FUNDING TRUST [    ] - [  ] (THE "TRUST")

     The description in this pricing supplement of the particular terms of the
Allstate Life(SM) CoreNotes(SM) offered hereby supplements the description of
the general terms and provisions of the notes set forth in the accompanying
prospectus and prospectus supplement, to which reference is hereby made.

<Table>
<S>                                               <C>
Principal Amount:                                 Agent(s) Discount:

Issue Price:                                      Original Issue Date:

Net Proceeds to the Trust:                        Stated Maturity Date:

Funding Agreement Number(s):                      Funding Note Number:

Interest Payment Dates:                           Trust Expiration Date:

Initial Interest Payment Date:                    Depositary:

Regular Record Date:                              [15 calendar days prior to the Interest Payment Date]

Type of Interest Rate:                            / / Fixed Rate  / / Floating Rate

Fixed Rate Notes:                                 / / Yes / / No. If, Yes,

Interest Rate:

Floating Rate Notes:                              / / Yes / / No. If, Yes,

Regular Floating Rate Notes:                      / / Yes / / No. If, Yes,
   Interest Rate:
   Interest Rate Basis(es):

Floating Rate/Fixed Rate Note:                    / / Yes / / No. If, Yes,
   Floating Interest Rate:
   Interest Rate Basis(es):
   Fixed Interest Rate:
   Fixed Rate Commencement Date:
</Table>

----------
"Allstate Life(SM)" is a registered servicemark of Allstate Insurance Company.
"CoreNotes(SM)" is a servicemark of Merrill Lynch & Co., Inc.

                                      A-A-5
<Page>

Initial Interest Rate*, if any:

Initial Interest Reset Date:

<Table>
<S>                                               <C>
Interest Rate Basis(es).  Check all that apply:
   / / CD Rate                                        / / CMT Rate
   / / Commercial Paper Rate                          / / LIBOR
   / / Treasury Rate                                  / / Prime Rate
   / / Federal Funds Rate                             / / Other (See Attached)

   If LIBOR:

   / / LIBOR Reuters Page                             / / LIBOR Moneyline Telerate Page

   LIBOR Currency:

   If CMT Rate:
       Designated CMT Telerate Page:
       If 7052:                                           / / Weekly Average
                                                          / / Monthly Average
       Designated CMT Maturity Index:

   Index Maturity:

   Spread (+/-):

   Spread Multiplier:

   Interest Reset Date(s):

   Interest Rate Determination Date(s):

   Maximum Interest Rate, if any:

   Minimum Interest Rate, if any;

Calculation Agent:                                [J.P. Morgan Trust Company, National Association]
</Table>

Computation of Interest (not applicable unless different than as specified in
the prospectus and prospectus supplement):

Day Count Convention (not applicable unless different than as specified in the
prospectus and prospectus supplement):

----------
* From the Original Issue Date to the Initial Interest Payment Date, the Initial
Interest Rate shall be deemed to be:

<Table>
   <S>                                                <C>
   / / CD Rate                                        / / CMT Rate
   / / Commercial Paper Rate                          / / LIBOR
   / / Treasury Rate                                  / / Prime Rate
   / / Federal Funds Rate                             / / Other (See Attached)
</Table>

                                      A-A-6
<Page>

<Table>
<S>                                               <C>
Discount Note:                                    / / Yes / / No. If, Yes,
   Total Amount of Discount:
   Initial Accrual Period of Discount:
   Additional/Other Terms:

Terms of Survivor's Option:
   Annual Put Limitation:                             / / $2,000,000 or 2%; or
                                                      / / $_______ or __%
   Individual Put Limitation:                         / / $250,000; or
                                                      / / $_______
   Trust Put Limitation:                              / / ______

Redemption Provisions:                            / / Yes / / No. If, Yes,
   Initial Redemption Date:
   Redemption:                                        / / In whole only and not in part
                                                      / / May be in whole or in part
   Additional Other Terms:

Sinking Fund (not applicable unless specified):

Securities Exchange Listing:                      / / Yes / / No. If Yes, Name of Exchange:______

Authorized Denominations:                         [$1,000]

Ratings:
</Table>

   The Notes issued under the Program are rated _____ by Standard & Poor's
   ("S&P"). Allstate Life anticipates Moody's Investors Service, Inc.
   ("Moody's") to rate the Notes ___ at the Original Issue Date.

<Table>
<S>                                               <C>
Agent(s) Purchasing Notes as Principal:           / / Yes  / / No. If Yes,

Agent(s)                                          Principal Amount

   Total:                                         ______________________________

Agent(s) Acting as Agent:                         / / Yes / / No.  If Yes,

Agent(s)                                          Principal Amount

   Total:                                         ______________________________

Additional/Other Terms:

Special Tax Considerations:
</Table>

                                      A-A-7
<Page>

                                     ANNEX B

                      DELAWARE TRUSTEE SERVICE FEE SCHEDULE

                                      A-B-1
<Page>

                                     ANNEX C

                       ADMINISTRATOR SERVICE FEE SCHEDULE

                                      A-C-1
<Page>

                                     ANNEX D

                            DEALER NOTICE INFORMATION

                                      A-D-1<Page>

                                                                    EXHIBIT 4.14

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

                           FORM OF CLOSING INSTRUMENT

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

<Page>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                                               Page
<S>             <C>                                                                                           <C>
PART A          INDENTURE.........................................................................................1
PART B          FUNDING NOTE INDENTURE............................................................................3
PART C          ASSIGNMENT OF FUNDING AGREEMENT(S) TO THE FUNDING NOTE INDENTURE TRUSTEE..........................5
PART D          ACKNOWLEDGEMENT OF ASSIGNMENT OF FUNDING AGREEMENT(S)  TO THE FUNDING NOTE INDENTURE TRUSTEE......7
PART E          TERMINATION OF SECURITY INTEREST AND  TRANSFER OF FUNDING AGREEMENT(S) TO GLOBAL FUNDING..........9
PART F          ACKNOWLEDGEMENT OF TERMINATION OF SECURITY INTEREST  AND TRANSFER OF FUNDING AGREEMENT(S)........11
PART G          ASSIGNMENT OF FUNDING AGREEMENT(S) TO THE TRUST..................................................12
PART H          ACKNOWLEDGEMENT OF ASSIGNMENT OF FUNDING AGREEMENT(S) TO THE TRUST................................13
PART I          ASSIGNMENT OF FUNDING AGREEMENT(S) TO THE INDENTURE TRUSTEE......................................14
PART J          ACKNOWLEDGEMENT OF ASSIGNMENT OF FUNDING AGREEMENT(S)  TO THE INDENTURE TRUSTEE..................15
PART K          CERTIFICATE REGARDING CUSTODY OF FUNDING AGREEMENT(S)............................................16
PART L          INSTRUCTIONS OF THE TRUST........................................................................17
PART M          ACKNOWLEDGEMENT OF INDENTURE TRUSTEE CONCERNING THE NOTE CERTIFICATE.............................18
PART N          CERTIFICATE OF INDENTURE TRUSTEE CONCERNING THE FUNDING AGREEMENT(S).............................19
PART O          CERTIFICATE OF GLOBAL FUNDING PURSUANT TO SECTION 6(C) OF THE DISTRIBUTION AGREEMENT.............20
PART P          OFFICER'S CERTIFICATE OF ALLSTATE LIFE INSURANCE COMPANY PURSUANT TO SECTION 6(D) OF THE
                DISTRIBUTION AGREEMENT...........................................................................21
PART Q          SECRETARY'S CERTIFICATE OF ALLSTATE LIFE INSURANCE COMPANY.......................................22
PART R          CERTIFICATE OF INDENTURE TRUSTEE CONCERNING CORPORATE MATTERS....................................26
PART S          CERTIFICATE OF AMACAR PACIFIC CORP...............................................................28
PART T          CROSS-RECEIPT BETWEEN THE TRUST AND THE AGENT(S).................................................34
PART U          CROSS-RECEIPT BETWEEN THE TRUST AND GLOBAL FUNDING...............................................35
PART V          CROSS-RECEIPT BETWEEN GLOBAL FUNDING AND ALLSTATE LIFE...........................................36
PART W          CROSS-RECEIPT BETWEEN GLOBAL FUNDING AND THE TRUST...............................................37
PART X          MISCELLANEOUS AND EXECUTION PAGES................................................................38

Exhibit A       Standard Indenture Terms........................................................................A-1
Exhibit B       Standard Funding Note Indenture Terms...........................................................B-1
Exhibit C       Funding Agreement(s)............................................................................C-1
Exhibit D       UCC-1 Financing Statement.......................................................................D-1

Annex A         Indenture Trustee Service Fee Schedule........................................................A-A-1
</Table>

                                        i
<Page>

     WHEREAS, the parties named herein desire to enter into certain documents
relating to the issuance by Allstate Life Global Funding Trust [    ] - [ ] (the
"Trust") of Notes to investors under Allstate Life Global Funding's ("Global
Funding") secured medium term notes program;

     WHEREAS, the Notes will be issued pursuant to the Indenture (set forth in
Part A herein), dated as of the Original Issue Date specified in the Pricing
Supplement (the "Original Issue Date"), between the parties thereto indicated in
Part X herein;

     WHEREAS, the Funding Note will be issued pursuant to the Funding Note
Indenture (set forth in Part B herein), dated as of the Original Issue Date,
between the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to the assignment of the Funding
Agreement(s) by Global Funding to J.P. Morgan Trust Company, National
Association, as funding note indenture trustee (the "Funding Note Indenture
Trustee") are set forth in the Assignment of Funding Agreement(s) to the Funding
Note Indenture Trustee (set forth in Part C herein), dated as of the Original
Issue Date, among the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to Allstate Life Insurance Company's
("Allstate Life") acknowledgement of the assignment of the Funding Agreement(s)
from Global Funding to the Funding Note Indenture Trustee are set forth in the
Acknowledgement of Funding Agreement(s) Assignment to the Funding Note Indenture
Trustee (set forth in Part D herein), dated as of the Original Issue Date, among
the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to the transfer of the Funding
Agreement(s) by the Funding Note Indenture Trustee to Global Funding are set
forth in the Termination of Security Interest and Transfer of Funding
Agreement(s) to Global Funding (set forth in Part E herein), dated as of the
Original Issue Date, among the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to Allstate Life's acknowledgement
of the transfer of the Funding Agreement(s) from the Funding Note Indenture
Trustee to Global Funding are set forth in the Acknowledgement of Termination
of Security Interest and Transfer of Funding Agreement(s) (set forth in Part
F herein), dated as of the Original Issue Date, among the parties thereto
indicated in Part X herein;

     WHEREAS, certain arrangements relating to the transfer of the Funding
Agreement(s) by Global Funding to the Trust are set forth in the Assignment of
Funding Agreement(s) to the Trust (set forth in Part G herein), dated as of the
Original Issue Date, among the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to Allstate Life's
acknowledgement of the transfer of the Funding Agreement(s) from Global
Funding to the Trust are set forth in the Acknowledgement of Funding
Agreement(s) Transfer to the Trust (set forth in Part H herein), dated as of
the Original Issue Date, among the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to the assignment of the Funding
Agreement(s) by the Trust to the Indenture Trustee are set forth in the
Assignment of Funding Agreement(s) to

                                       ii
<Page>

the Indenture Trustee (set forth in Part I herein), dated as of the Original
Issue Date, among the parties thereto indicated in Part X herein;

     WHEREAS, certain arrangements relating to Allstate Life's acknowledgement
of the assignment of the Funding Agreement(s) from the Trust to the Indenture
Trustee are set forth in the Acknowledgement of Assignment of Funding
Agreement(s) to the Indenture Trustee (set forth in Part J herein), dated as
of the Original Issue Date, among the parties thereto indicated in Part X
herein;

     WHEREAS, certain certifications of the Indenture Trustee concerning custody
of the Funding Agreement(s) are set forth in the Certificate Regarding Custody
of the Funding Agreement(s) (set forth in Part K herein), dated as of the
Original Issue Date;

     WHEREAS, certain instructions of the Trust relating to the authentication,
registration, acceptance and retention of the certificate(s) representing the
Notes are set forth in the Instructions of the Trust (set forth in Part L
herein), dated as of the Original Issue Date, between the parties thereto
indicated in Part X herein;

     WHEREAS, certain arrangements relating to Allstate Life's acknowledgement
of the receipt, authentication, acceptance and retention of the certificate(s)
representing the Notes are set forth in the Acknowledgment of Indenture Trustee
Concerning the Note Certificate (set forth in Part M herein), dated as of the
Original Issue Date;

     WHEREAS, certain arrangements relating to the Indenture Trustee's
acknowledgement of the receipt and retention of the Funding Agreement(s) are set
forth in the Certificate of Indenture Trustee Concerning the Funding
Agreement(s) (set forth in Part N herein), dated as of the Original Issue Date;

     WHEREAS, certain certifications of Global Funding pursuant to the
Distribution Agreement are set forth in the Certificate of Global Funding
Pursuant to Section 6(c) of the Distribution Agreement (set forth in Part O
herein), dated as of the Original Issue Date;

     WHEREAS, certain certifications of Allstate Life pursuant to the
Distribution Agreement are set forth in the Officer's Certificate of Allstate
Life Insurance Company Pursuant to Section 6(d) of the Distribution Agreement
(set forth in Part P herein), dated as of the Original Issue Date;

     WHEREAS, certain certifications of the Secretary of Allstate Life are set
forth in the Secretary's Certificate of Allstate Life Insurance Company (set
forth in Part Q herein), dated as of the Original Issue Date;

     WHEREAS, certain certifications of the Indenture Trustee concerning
corporate matters are set forth in the Certificate of Indenture Trustee
Concerning Corporate Matters (set forth in Part R herein), dated as of the
Original Issue Date;

     WHEREAS, certain certifications of AMACAR Pacific Corp. are set forth in
the Certificate of AMACAR Pacific Corp. (set forth in Part S herein), dated as
of the Original Issue Date;

                                       iii
<Page>

     WHEREAS, the acknowledgments of the cross-receipt between the Trust and the
Agent(s) are set forth in the Cross-Receipt between the Trust and the Agent(s)
(set forth in Part T herein), dated as of the Original Issue Date;

     WHEREAS, the acknowledgments of the cross-receipt between the Trust and
Global Funding are set forth in the Cross-Receipt between the Trust and Global
Funding (set forth in Part U herein), dated as of the Original Issue Date;

     WHEREAS, the acknowledgments of the cross-receipt between Global Funding
and Allstate Life are set forth in the Cross-Receipt between Global Funding and
Allstate Life (set forth in Part V herein), dated as of the Original Issue Date;
and

     WHEREAS, the acknowledgments of the cross-receipt between Global Funding
and the Trust are set forth in the Cross-Receipt between Global Funding and the
Trust (set forth in Part W herein), dated as of the Original Issue Date.

     All capitalized terms used in the above recitals and not otherwise defined
will have the meanings set forth in the Standard Indenture Terms attached to
this Closing Instrument as Exhibit A.

                                       iv
<Page>

                                     PART A
                                    INDENTURE

     This INDENTURE (together with the Standard Indenture Terms (as defined
below), the "Indenture") is entered into as of the Original Issue Date specified
in the Pricing Supplement attached to the Series Instrument for the Trust as
Annex A (the "Pricing Supplement"), between the Allstate Life Global Funding
Trust specified in this Closing Instrument (the "Trust") and J.P. Morgan Trust
Company, National Association, as indenture trustee (the "Indenture Trustee").

     J.P. Morgan Trust Company, National Association in its capacity as
Indenture Trustee, hereby accepts its role as Registrar, Paying Agent and
Calculation Agent hereunder.

     References herein to "Indenture Trustee," "Registrar," "Paying Agent" or
"Calculation Agent" shall include the permitted successors and assigns of any
such entity from time to time.

                              W I T N E S S E T H:

     WHEREAS, the Trust has duly authorized the execution and delivery of this
Indenture to provide for the issuance of the secured notes referred to in
Section 2.2 below (the "Notes");

     WHEREAS, all things necessary to make this Indenture a valid and legally
binding agreement of the Trust and the other parties to this Indenture,
enforceable in accordance with its terms, have been done, and the Trust proposes
to do all things necessary to make the Notes, when executed by the Trust and
authenticated and delivered pursuant hereto, valid and legally binding
obligations of the Trust as hereinafter provided; and

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Indenture Terms attached to this Closing Instrument as Exhibit
A (the "Standard Indenture Terms").

     NOW, THEREFORE, for and in consideration of the premises and the purchase
of the Notes by the Holders thereof, it is mutually covenanted and agreed by the
parties hereto as follows:

                                    ARTICLE 1

          Section 1.1    INCORPORATION BY REFERENCE. All terms, provisions
and agreements set forth in the Standard Indenture Terms (except to the extent
expressly modified hereby) are hereby incorporated herein by reference (as if
fully set forth herein). Should any portion of the Standard Indenture Terms
conflict with the terms of this Indenture, the terms of this Indenture shall
prevail. References herein to Articles, Sections or Exhibits shall refer
respectively to the articles, sections or exhibits of the Standard Indenture
Terms, unless otherwise expressly provided.

          Section 1.2    DEFINITIONS. "Closing Instrument" means the Closing
Instrument in which this Indenture is included as Part A. All capitalized terms
not otherwise defined in this Indenture shall have the meanings set forth in the
Standard Indenture Terms.

                                        1
<Page>

                                    ARTICLE 2

          Section 2.1    AGREEMENT TO BE BOUND. Each of the Trust, the Indenture
Trustee, the Registrar, the Paying Agent and the Calculation Agent hereby agrees
to be bound by all of the terms, provisions and agreements set forth herein,
with respect to all matters contemplated herein, including, without limitation,
those relating to the issuance of the Notes.

          Section 2.2    DESIGNATION OF THE TRUST AND THE NOTES. The Trust
referred to in this Indenture is the Allstate Life Global Funding Trust
specified in this Closing Instrument. The Notes issued by the Trust and governed
by this Indenture shall be the Notes specified in the Pricing Supplement.

          Section 2.3    COMPENSATION. The Indenture Trustee shall be
entitled to receive the fees specified in the Indenture Trustee Service Fee
Schedule, which is attached as Annex A to this Closing Instrument.

          Section 2.4    ADDITIONAL TERMS. None.

          Section 2.5    CLOSING INSTRUMENT; EXECUTION AND INCORPORATION OF
TERMS. The parties to this Indenture will enter into this Indenture by executing
this Closing Instrument.

          By executing the signature page thereto, the Indenture Trustee and the
Trust hereby agree that this Indenture will constitute a legal, valid and
binding agreement between the Indenture Trustee and the Trust.

          All terms relating to the Trust or the Notes not otherwise included in
this Indenture will be as specified in this Closing Instrument or the Pricing
Supplement, as indicated herein.

          Section 2.6    COUNTERPARTS. This Indenture, through this Closing
Instrument, may be executed in any number of counterparts, each of which
counterparts shall be deemed to be an original, and all of which counterparts
shall constitute one and the same instrument.

                                        2
<Page>

                                     PART B
                             FUNDING NOTE INDENTURE

     This FUNDING NOTE INDENTURE (together with the Standard Funding Note
Indenture Terms (as defined below), the "Funding Note Indenture") is entered
into as of the Original Issue Date specified in the Pricing Supplement attached
to the Series Instrument for the Trust as Annex A (the "Pricing Supplement"),
between Allstate Life Global Funding ("Global Funding") and J.P. Morgan Trust
Company, National Association, as funding note indenture trustee (the "Funding
Note Indenture Trustee").

     J.P. Morgan Trust Company, National Association in its capacity as Funding
Note Indenture Trustee, hereby accepts its role as Funding Note Registrar,
Funding Note Paying Agent and Funding Note Calculation Agent hereunder.

     References herein to "Funding Note Indenture Trustee," "Funding Note
Registrar," "Funding Note Paying Agent" or "Funding Note Calculation Agent"
shall include the permitted successors and assigns of any such entity from time
to time.

                              W I T N E S S E T H:

     WHEREAS, Global Funding has duly authorized the execution and delivery of
this Funding Note Indenture to provide for the issuance of the funding note
referred to in Section 2.2 below (the "Funding Note");

     WHEREAS, all things necessary to make this Funding Note Indenture a valid
and legally binding agreement of Global Funding and the other parties to this
Funding Note Indenture, enforceable in accordance with its terms, have been
done, and Global Funding proposes to do all things necessary to make the Funding
Note, when executed by Global Funding and authenticated and delivered pursuant
hereto, valid and legally binding obligations of Global Funding as hereinafter
provided; and

     WHEREAS, the parties hereto desire to incorporate by reference those
certain Standard Funding Note Indenture Terms attached to this Closing
Instrument as Exhibit B (the "Standard Funding Note Indenture Terms").

     NOW, THEREFORE, for and in consideration of the premises and the purchase
of the Funding Note by the Holder thereof, it is mutually covenanted and agreed
by the parties hereto as follows:

                                    ARTICLE 1

          Section 1.1    INCORPORATION BY REFERENCE. All terms, provisions
and agreements set forth in the Standard Funding Note Indenture Terms (except to
the extent expressly modified hereby) are hereby incorporated herein by
reference (as if fully set forth herein). Should any portion of the Standard
Funding Note Indenture Terms conflict with the terms of this Funding Note
Indenture, the terms of this Funding Note Indenture shall prevail. References
herein to Articles, Sections or Exhibits shall refer respectively to the
articles, sections or exhibits of the Standard Funding Note Indenture Terms,
unless otherwise expressly provided.

                                        3
<Page>

          Section 1.2    DEFINITIONS. "Closing Instrument" means the Closing
Instrument in which this Funding Note Indenture is included as Part B. All
capitalized terms not otherwise defined in this Funding Note Indenture shall
have the meanings set forth in the Standard Funding Note Indenture Terms.

                                    ARTICLE 2

          Section 2.1    AGREEMENT TO BE BOUND. Each of Global Funding, the
Funding Note Indenture Trustee, the Funding Note Registrar, the Funding Note
Paying Agent and the Funding Note Calculation Agent hereby agrees to be bound by
all of the terms, provisions and agreements set forth herein, with respect to
all matters contemplated herein, including, without limitation, those relating
to the issuance of the Funding Note.

          Section 2.2    ADDITIONAL TERMS. None.

          Section 2.3    CLOSING INSTRUMENT; EXECUTION AND INCORPORATION OF
TERMS. The parties to this Funding Note Indenture will enter into this Funding
Note Indenture by executing this Closing Instrument.

          By executing the signature page thereto, the Funding Note Indenture
Trustee and Global Funding hereby agree that this Funding Note Indenture will
constitute a legal, valid and binding agreement between the Funding Note
Indenture Trustee and Global Funding.

          All terms relating to Global Funding or the Funding Note not otherwise
included in this Funding Note Indenture will be as specified in this Closing
Instrument.

          Section 2.4    COUNTERPARTS. This Funding Note Indenture, through
this Closing Instrument, may be executed in any number of counterparts, each of
which counterparts shall be deemed to be an original, and all of which
counterparts shall constitute one and the same instrument.

                                        4
<Page>

                                     PART C
                       ASSIGNMENT OF FUNDING AGREEMENT(S)
                      TO THE FUNDING NOTE INDENTURE TRUSTEE

     With respect to the Funding Note Indenture set forth in Part B of this
Closing Instrument (the "Funding Note Indenture") between Allstate Life Global
Funding ("Global Funding") and J.P. Morgan Trust Company, National Association,
as funding note indenture trustee (the "Funding Note Indenture Trustee") and in
furtherance of the grant to the Funding Note Indenture Trustee for the benefit
and security of each Holder of the Funding Note, subject to its right to assign
the Funding Agreement(s) to the Allstate Life Global Funding Trust specified in
this Closing Instrument (the "Trust") in accordance with the terms of the
Funding Note and the Coordination Agreement (as defined below) Global Funding
hereby assigns, as of the Original Issue Date specified in the Pricing
Supplement attached to the Series Instrument for the Trust as Annex A, to the
Funding Note Indenture Trustee all of its rights and interests of every nature
as the Owner (as defined in the Funding Agreement(s)) under the Funding
Agreement(s), attached as Exhibit C to this Closing Instrument. Global Funding
hereby notifies Allstate Life Insurance Company ("Allstate Life") of the
assignment of the Funding Agreement(s) to the Funding Note Indenture Trustee
effected hereby and requests that Allstate Life consent to such assignment, and
Allstate Life hereby gives consent to such assignment.

     Each of Global Funding, the Funding Note Indenture Trustee and Allstate
Life hereby agrees that, upon giving effect to the assignment described above
(the "Assignment"), the Funding Note Indenture Trustee shall be a party to and
the "Owner" under the Funding Agreement(s) and shall be the assignee of the
rights and interests of Global Funding under the Funding Agreement(s).

     The Funding Note Indenture Trustee hereby represents and covenants that the
Funding Agreement(s) will be held by the Funding Note Indenture Trustee at its
registered office in Chicago, Illinois.

     Each of Global Funding, the Funding Note Indenture Trustee and Allstate
Life hereby agrees that the Assignment shall not be effective until the
conditions precedent to assignment set forth in Section 5 of the Funding
Agreement(s) (other than the giving by Allstate Life of its consent to this
Assignment) have been complied with by Global Funding, the Funding Note
Indenture Trustee and Allstate Life, as the case may be. Each of Global Funding
and the Funding Note Indenture Trustee hereby undertakes to take all actions
necessary to comply with such conditions, and Allstate Life hereby affirms that
it will promptly change its books and records to reflect the Assignment upon
receipt of documents required under the Funding Agreement(s).

     Each of Global Funding, the Funding Note Indenture Trustee and Allstate
Life agrees that concurrently with the assignment of the Funding Agreement(s)
by Global Funding to the Trust, and the surrender and cancellation of the
Funding Note, in accordance with the terms of the Funding Note and the
Coordination Agreement (as defined below) the Assignment will terminate and
all rights and interests of the Funding Note Indenture Trustee as a party to
and the "Owner" of the Funding Agreement(s) and as the assignee of the rights
and

                                        5
<Page>

interests of Global Funding under the Funding Agreements will be immediately
transferred by the Funding Note Indenture Trustee, and revert, to Global
Funding.

     The Assignment and this letter shall be governed by, and shall be construed
and enforced in accordance with, the laws of the State of New York, without
regard to conflicts of laws principles, and shall be binding upon, and shall
inure to the benefit of, the parties hereto and their respective successors and
assigns.

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust (the "Coordination Agreement").

                                        6
<Page>

                                     PART D
              ACKNOWLEDGEMENT OF ASSIGNMENT OF FUNDING AGREEMENT(S)
                      TO THE FUNDING NOTE INDENTURE TRUSTEE

     With respect to the Assignment of Funding Agreement(s) to the Funding Note
Indenture Trustee, set forth in Part C of this Closing Instrument (the
"Assignment"), executed by Allstate Life Global Funding (the "Funding Agreement
Buyer") and J.P. Morgan Trust Company, National Association (the "Funding Note
Indenture Trustee"), and acknowledged by Allstate Life Insurance Company
("Allstate Life") regarding the assignment of the Funding Agreement(s), attached
as Exhibit C to this Closing Instrument (the "Funding Agreement(s)"), dated as
of the Original Issue Date identified in the Pricing Supplement attached as
Annex A to the Series Instrument for the Allstate Life Global Funding Trust
specified in this Closing Instrument (the "Trust"), and in order to induce the
Trust to purchase the Funding Note, and the Funding Note Indenture Trustee to
accept the Funding Agreement(s) as security for Global Funding's obligations
under the Funding Note, Allstate Life hereby (a) represents and warrants to the
Funding Agreement Buyer and the Funding Note Indenture Trustee that (i) it has
changed its books and records to reflect the Assignment as required by Section 5
of the Funding Agreement(s), (ii) all other conditions precedent to the
Assignment set forth in Section 5 of the Funding Agreement(s) have been
satisfied and (iii) no person or entity other than the Funding Agreement Buyer
or the Funding Note Indenture Trustee has been, and no person or entity other
than the Funding Note Indenture Trustee is, shown on Allstate Life's books and
records as the owner of or as having any interest in the Funding Agreement(s),
(b) covenants and agrees with the Funding Agreement Buyer and the Funding Note
Indenture Trustee that it will not hereafter (i) consent to the transfer or
assignment of the Funding Agreement(s) to any person or entity other than the
Funding Agreement Buyer or the Funding Note Indenture Trustee or (ii) change its
books or records to show any person or entity other than the Funding Note
Indenture Trustee or the Funding Agreement Buyer, as the owner of or as having
any interest in the Funding Agreement(s), except in each case pursuant to
written instructions from the Funding Agreement Buyer and the Funding Note
Indenture Trustee or their respective successors or as otherwise provided
pursuit to the terms of the Funding Note and the Coordination Agreement (as
defined below) and (c) covenants and agrees with the Funding Agreement Buyer and
the Funding Note Indenture Trustee to (i) consent to any request by the Funding
Note Indenture Trustee to transfer or assign the Funding Agreement(s) to any
person or entity, (ii) change its books or records to reflect any such transfer
or assignment and (iii) take such other action as may be required on its part to
cause the conditions precedent for such a transfer or assignment contained in
Section 5 of the Funding Agreement(s) to be satisfied with respect to such
transfer or assignment.

     Allstate Life hereby also represents that Allstate Life did not receive any
notice of any adverse claim prior to (a) its acknowledgment and consent to the
Assignment or (b) taking the actions under Section 5 of the Funding Agreement(s)
to effect the Assignment.

     This letter agreement shall be governed by, and shall be construed and
enforced in accordance with, the laws of the State of New York, without regard
to conflicts of laws principles, and shall be binding upon, and shall inure to
the benefit of, the parties hereto and their respective successors and assigns.

                                        7
<Page>

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust (the "Coordination Agreement").

                                        8
<Page>

                                     PART E
                      TERMINATION OF SECURITY INTEREST AND
               TRANSFER OF FUNDING AGREEMENT(S) TO GLOBAL FUNDING

     In connection with the assignment of the Funding Agreement(s), attached as
Exhibit C to this Closing Instrument, by Allstate Life Global Funding ("Global
Funding") to the Allstate Life Global Funding Trust specified in this Closing
Instrument (the "Trust"), and the surrender and cancellation of the Funding
Note, in accordance with the terms of the Funding Note and the Coordination
Agreement (as defined below), Global Funding hereby certifies, and each of
Global Funding and J.P. Morgan Trust Company, National Association, as funding
note indenture trustee (the "Funding Note Indenture Trustee") agrees, that the
Security Agreement (as defined in the Funding Note Indenture set forth in Part C
of this Closing Instrument (the "Funding Note Indenture")) in the Funding Note
Collateral (as defined in the Funding Note Indenture) in favor of the Funding
Note Indenture Trustee has terminated and all rights to the Funding Note
Collateral have reverted to Global Funding. The Funding Note Indenture Trustee
hereby transfers, as of the Original Issue Date specified in the Pricing
Supplement attached to the Series Instrument for the Trust as Annex A, to Global
Funding all of its rights and interests of every nature as the Owner (as defined
in the Funding Agreement(s)) under the Funding Agreement(s). Global Funding and
the Funding Note Indenture Trustee hereby notifies Allstate Life Insurance
Company ("Allstate Life") of the termination of the Security Interest and the
transfer of the Funding Agreement(s) to Global Funding effected hereby (the
"Transfer") and request that Allstate Life consent to the Transfer, and Allstate
Life hereby gives consent to the Transfer.

     Each of the Funding Note Indenture Trustee, Global Funding and Allstate
Life hereby agrees that, upon giving effect to the Transfer, Global Funding
shall be a party to and the "Owner" under the Funding Agreement(s) and shall be
the transferee of the rights and interests of the Funding Note Indenture Trustee
under the Funding Agreement(s).

     Global Funding hereby represents and covenants that the Funding
Agreement(s) will be held, on its behalf, by J. P. Morgan Trust Company,
National Association, as custodian, at its registered office in Chicago,
Illinois.

     Each of the Funding Note Indenture Trustee, Global Funding and Allstate
Life hereby agrees that the Transfer shall not be effective until the conditions
precedent to transfer set forth in Section 5 of the Funding Agreement(s) (other
than the giving by Allstate Life of its consent to this Transfer) have been
complied with by the Funding Note Indenture Trustee, Global Funding and Allstate
Life, as the case may be. Each of the Funding Note Indenture Trustee and Global
Funding hereby undertakes to take all actions necessary to comply with such
conditions, and Allstate Life hereby affirms that it will promptly change its
books and records to reflect the Transfer upon receipt of documents required
under the Funding Agreement(s).

     The Transfer and this letter shall be governed by, and shall be construed
and enforced in accordance with, the laws of the State of New York, without
regard to conflicts of laws principles, and shall be binding upon, and shall
inure to the benefit of, the parties hereto and their respective successors and
assigns.

                                        9
<Page>

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust (the "Coordination Agreement").

                                       10
<Page>

                                     PART F
               ACKNOWLEDGEMENT OF TERMINATION OF SECURITY INTEREST
                      AND TRANSFER OF FUNDING AGREEMENT(S)

     With respect to the Termination of Security Interest and Transfer of
Funding Agreement(s) to Allstate Life Global Funding ("Global Funding"), set
forth in Part E of this Closing Instrument (the "Transfer"), executed by J.P.
Morgan Trust Company, National Association, as funding note indenture trustee
(the "Funding Note Indenture Trustee") and Global Funding, and acknowledged by
Allstate Life Insurance Company ("Allstate Life") regarding the termination of
the Security Interest (as defined in the Funding Note Indenture set forth in
Part C of this Closing Instrument (the "Funding Note Indenture")) in the Funding
Note Collateral (as defined in the Funding Note Indenture) in favor of the
Funding Note Indenture Trustee and the transfer by the Funding Note Indenture
Trustee to Global Funding of the Funding Agreement(s), attached as Exhibit C to
this Closing Instrument (the "Funding Agreement(s)"), dated as of the Original
Issue Date identified in the Pricing Supplement attached as Annex A to the
Series Instrument for the Trust, Allstate Life hereby represents and warrants to
the Funding Note Indenture Trustee and Global Funding that (a) it has changed
its books and records to reflect the Transfer as required by Section 5 of the
Funding Agreement(s), (b) all other conditions precedent to the Transfer set
forth in Section 5 of the Funding Agreement(s) have been satisfied and (c) no
person or entity other than Global Funding or the Funding Note Indenture Trustee
has been, and no person or entity other than Global Funding is, shown on
Allstate Life's books and records as the owner of or as having any interest in
the Funding Agreement(s).

     Allstate Life hereby also represents that Allstate Life did not receive any
notice of any adverse claim prior to (a) its acknowledgment and consent to the
Transfer or (b) taking the actions under Section 5 of the Funding Agreement(s)
to effect the Transfer.

     This letter agreement shall be governed by, and shall be construed and
enforced in accordance with, the laws of the State of New York, without regard
to conflicts of laws principles, and shall be binding upon, and shall inure to
the benefit of, the parties hereto and their respective successors and assigns.

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust.

                                       11
<Page>

                                     PART G
                 ASSIGNMENT OF FUNDING AGREEMENT(S) TO THE TRUST

     With respect to (a) the Coordination Agreement among Allstate Life
Insurance Company ("Allstate Life"), Allstate Life Global Funding ("Global
Funding"), the Allstate Life Global Funding Trust specified in this Closing
Instrument (the "Trust") and J.P. Morgan Trust Company, National Association,
set forth in Part F of the Series Instrument for the Trust and (b) the Terms
Agreement set forth in Part E of the Series Instrument for the Trust, Global
Funding hereby assigns absolutely to, and deposits into, the Trust, as of the
Original Issue Date specified in the Pricing Supplement attached to the Series
Instrument for the Trust as Annex A, all of its rights and interests of every
nature as the Owner (as defined in the Funding Agreement(s)) under the Funding
Agreement(s), attached as Exhibit C to this Closing Instrument. Global Funding
hereby notifies Allstate Life of the assignment of the Funding Agreement(s) to
the Trust effected hereby and requests that Allstate Life consent to such
assignment, and Allstate Life hereby gives consent to such assignment.

     Each of Global Funding, the Trust and Allstate Life hereby agrees that,
upon giving effect to the assignment described above (the "Assignment"), the
Trust shall be a party to and the "Owner" under the Funding Agreement(s) and
shall be the assignee of the rights and interests of Global Funding under the
Funding Agreement(s).

     The Trust hereby represents and covenants that the Funding Agreement(s)
will be held, on its behalf, by J. P. Morgan Trust Company, National
Association, as custodian, at its registered office in Chicago, Illinois.

     Each of Global Funding, the Trust and Allstate Life hereby agrees that the
Assignment shall not be effective until the conditions precedent to transfer set
forth in Section 5 of the Funding Agreement(s) (other than the giving by
Allstate Life of its consent to this Assignment) have been complied with by
Global Funding, the Trust and Allstate Life, as the case may be. Each of Global
Funding and the Trust hereby undertakes to take all actions necessary to comply
with such conditions, and Allstate Life hereby affirms that it will promptly
change its books and records to reflect the Assignment upon receipt of documents
required under the Funding Agreement(s).

     The Assignment and this letter shall be governed by, and shall be construed
and enforced in accordance with, the laws of the State of New York, without
regard to conflicts of laws principles, and shall be binding upon, and shall
inure to the benefit of, the parties hereto and their respective successors and
assigns.

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust.

                                       12
<Page>

                                     PART H
              ACKNOWLEDGEMENT OF ASSIGNMENT OF FUNDING AGREEMENT(S)
                                  TO THE TRUST

     With respect to the Assignment of Funding Agreement(s) to the Trust, set
forth in Part G of this Closing Instrument (the "Assignment"), executed by
Allstate Life Global Funding ("Global Funding") and the Allstate Life Global
Funding Trust specified in this Closing Instrument (the "Funding Agreement
Buyer"), and acknowledged by Allstate Life Insurance Company ("Allstate Life")
regarding the assignment of the Funding Agreement(s), attached as Exhibit C to
this Closing Instrument (the "Funding Agreement(s)"), dated as of the Original
Issue Date identified in the Pricing Supplement attached as Annex A to the
Series Instrument for the Trust, and in order to induce the Funding Agreement
Buyer to purchase the Funding Agreement(s), Allstate Life hereby (a) represents
and warrants to Global Funding and the Funding Agreement Buyer that (i) it has
changed its books and records to reflect the Assignment as required by Section 5
of the Funding Agreement(s), (ii) all other conditions precedent to the
Assignment set forth in Section 5 of the Funding Agreement(s) have been
satisfied and (iii) no person or entity other than the Funding Agreement
Buyer, the Funding Note Indenture Trustee or Global Funding has been, and no
person or entity other than the Funding Agreement Buyer is, shown on Allstate
Life's books and records as the owner of or as having any interest in the
Funding Agreement(s) and (b) covenants and agrees with Global Funding and the
Funding Agreement Buyer that it will not hereafter (i) consent to the
transfer or assignment of the Funding Agreement(s) to any person or entity
other than the Funding Agreement Buyer and the Indenture Trustee or (ii)
change its books or records to show any person or entity other than the
Indenture Trustee as the owner of or as having any interest in the Funding
Agreement(s), except in each case pursuant to written instructions from the
Funding Agreement Buyer and the Indenture Trustee or its successors.

     Allstate Life hereby also represents that Allstate Life did not receive any
notice of any adverse claim prior to (a) its acknowledgment and consent to the
Assignment or (b) taking the actions under Section 5 of the Funding Agreement(s)
to effect the Assignment.

     This letter agreement shall be governed by, and shall be construed and
enforced in accordance with, the laws of the State of New York, without regard
to conflicts of laws principles, and shall be binding upon, and shall inure to
the benefit of, the parties hereto and their respective successors and assigns.

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust.

                                       13
<Page>

                                     PART I
                       ASSIGNMENT OF FUNDING AGREEMENT(S)
                            TO THE INDENTURE TRUSTEE

     With respect to (a) the Indenture set forth in Part A of this Closing
Instrument (the "Indenture") between the Allstate Life Global Funding Trust
specified in this Closing Instrument (the "Trust") and J.P. Morgan Trust
Company, National Association, as trustee (the "Indenture Trustee") and (b) the
Terms Agreement set forth in Part E of the Series Instrument for the Trust and
in furtherance of the grant to the Indenture Trustee for the benefit and
security of the holders of the Notes, the Trust hereby assigns, as of the
Original Issue Date specified in the Pricing Supplement attached to the Series
Instrument for the Trust as Annex A, to the Indenture Trustee all of its rights
and interests of every nature as the Owner (as defined in the Funding
Agreement(s)) under the Funding Agreement(s), attached as Exhibit C to this
Closing Instrument. The Trust hereby notifies Allstate Life Insurance Company
("Allstate Life") of the assignment of the Funding Agreement(s) to the Indenture
Trustee effected hereby and requests that Allstate Life consent to such
assignment, and Allstate Life hereby gives consent to such assignment.

     Each of the Trust, the Indenture Trustee and Allstate Life hereby agrees
that, upon giving effect to the assignment described above (the "Assignment"),
the Indenture Trustee shall be a party to and the "Owner" under the Funding
Agreement(s) and shall be the assignee of the rights and interests of the Trust
under the Funding Agreement(s).

     The Indenture Trustee hereby represents and covenants that the Funding
Agreement(s) will be held by the Indenture Trustee at its registered office in
Chicago, Illinois.

     Each of the Trust, the Indenture Trustee and Allstate Life hereby agrees
that the Assignment shall not be effective until the conditions precedent to
assignment set forth in Section 5 of the Funding Agreement(s) (other than the
giving by Allstate Life of its consent to this Assignment) have been complied
with by the Trust, the Indenture Trustee and Allstate Life, as the case may be.
Each of the Trust and the Indenture Trustee hereby undertakes to take all
actions necessary to comply with such conditions, and Allstate Life hereby
affirms that it will promptly change its books and records to reflect the
Assignment upon receipt of documents required under the Funding Agreement(s).

     The Assignment and this letter shall be governed by, and shall be construed
and enforced in accordance with, the laws of the State of New York, without
regard to conflicts of laws principles, and shall be binding upon, and shall
inure to the benefit of, the parties hereto and their respective successors and
assigns.

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust.

                                       14
<Page>

                                     PART J
              ACKNOWLEDGEMENT OF ASSIGNMENT OF FUNDING AGREEMENT(S)
                            TO THE INDENTURE TRUSTEE

     With respect to the Assignment of Funding Agreement(s) to the Indenture
Trustee, set forth in Part I of this Closing Instrument (the "Assignment"),
executed by the Allstate Life Global Funding Trust specified in this Closing
Instrument (the "Funding Agreement Buyer") and J.P. Morgan Trust Company,
National Association (the "Indenture Trustee"), and acknowledged by Allstate
Life Insurance Company ("Allstate Life") regarding the assignment of the Funding
Agreement(s), attached as Exhibit C to this Closing Instrument (the "Funding
Agreement(s)"), dated as of the Original Issue Date identified in the Pricing
Supplement attached as Annex A to the Series Instrument for the Trust, and in
order to induce the Funding Agreement Buyer to purchase the Funding
Agreement(s), and the Indenture Trustee to accept the Funding Agreement(s) as
security for the Funding Agreement Buyer's obligations under the Notes, Allstate
Life hereby (a) represents and warrants to the Funding Agreement Buyer and the
Indenture Trustee that (i) it has changed its books and records to reflect the
Assignment as required by Section 5 of the Funding Agreement(s), (ii) all other
conditions precedent to the Assignment set forth in Section 5 of the Funding
Agreement(s) have been satisfied and (iii) no person or entity other than the
Funding Agreement Buyer, Allstate Life Global Funding, the Funding Note
Indenture Trustee or the Indenture Trustee has been, and no person or entity
other than the Indenture Trustee is, shown on Allstate Life's books and records
as the owner of or as having any interest in the Funding Agreement(s), (b)
covenants and agrees with the Funding Agreement Buyer and the Indenture Trustee
that it will not hereafter (i) consent to the transfer or assignment of the
Funding Agreement(s) to any person or entity other than the Funding Agreement
Buyer and the Indenture Trustee or (ii) change its books or records to show any
person or entity other than the Indenture Trustee as the owner of or as having
any interest in the Funding Agreement(s), except in each case pursuant to
written instructions from the Funding Agreement Buyer and the Indenture Trustee
or its successors and (c) covenants and agrees with the Funding Agreement Buyer
and the Indenture Trustee to (i) consent to any request by the Indenture Trustee
to transfer or assign the Funding Agreement(s) to any person or entity, (ii)
change its books or records to reflect any such transfer or assignment and (iii)
take such other action as may be required on its part to cause the conditions
precedent for such a transfer or assignment contained in Section 5 of the
Funding Agreement(s) to be satisfied with respect to such transfer or
assignment.

     Allstate Life hereby also represents that Allstate Life did not receive any
notice of any adverse claim prior to (a) its acknowledgment and consent to the
Assignment or (b) taking the actions under Section 5 of the Funding Agreement(s)
to effect the Assignment.

     This letter agreement shall be governed by, and shall be construed and
enforced in accordance with, the laws of the State of New York, without regard
to conflicts of laws principles, and shall be binding upon, and shall inure to
the benefit of, the parties hereto and their respective successors and assigns.

     All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Coordination Agreement set forth in Part F of the Series
Instrument for the Trust.

                                       15
<Page>

                                     PART K
              CERTIFICATE REGARDING CUSTODY OF FUNDING AGREEMENT(S)

     Reference is hereby made to (i) the Indenture set forth in Part A of this
Closing Instrument and (ii) the Coordination Agreement set forth in Part F of
the Series Instrument for the Trust (the "Coordination Agreement"). Capitalized
terms used in this Certificate and not otherwise defined have the meanings
ascribed in the Coordination Agreement.

     In connection with (i) Funding Agreement(s) attached to this Closing
Instrument as Exhibit C (the "Funding Agreement(s)"), issued by Allstate Life
Insurance Company ("Allstate Life") and (ii) the Assignment of Funding
Agreement(s) to the Indenture Trustee set forth in Part I of this Closing
Instrument, the Collateral Custodian hereby represents that:

     (1) it is holding the Funding Agreement(s) in custody and the Funding
Agreement(s) are in its possession at: J.P. Morgan Trust Company, National
Association, 1 Bank One Plaza, Mail Code IL1-0481, Chicago, Illinois 60670; and

     (2) it has no claim against Global Funding or the Trust with respect to the
Funding Agreement(s) and, to the best of its knowledge, all liens, if any, on
the Funding Agreement(s) in favor of Global Funding or the Trust have been
satisfied.

                                       16
<Page>

                                     PART L
                            INSTRUCTIONS OF THE TRUST

     Reference is hereby made to the Indenture set forth in Part A of this
Closing Instrument (the "Indenture") between the Allstate Life Global Funding
Trust specified in this Closing Instrument (the "Trust") and J.P. Morgan Trust
Company, National Association, as Paying Agent, Registrar and Indenture Trustee
(the "Indenture Trustee"). All capitalized terms not otherwise defined herein
shall have the meanings set forth in the Standard Indenture Terms attached to
this Closing Instrument as Exhibit A.

     The Trust herewith delivers to the Indenture Trustee, or has caused to be
delivered to the Indenture Trustee, pursuant to the Indenture, each Note
Certificate representing the Notes (each, a "Note Certificate"), bearing the
CUSIP No. identified in the Pricing Supplement attached as Annex A to the Series
Instrument for the Trust (the "Pricing Supplement"), having an initial Principal
Amount identified in the Pricing Supplement.

     The Trust hereby instructs the Indenture Trustee to (i) authenticate each
Note Certificate, (ii) register the Notes represented by each Note Certificate
in the name of the Depositary identified on the Pricing Supplement (the
"Depositary"), (iii) accept the deposit of each Note Certificate and hold in
safe custody each Note Certificate as custodian or common depositary for the
Depositary, and (iv) take all such other reasonable action as may be required to
give effect to the foregoing.

     The Trust hereby further directs the Indenture Trustee to deposit the Net
Proceeds to the Trust (as identified in the Pricing Supplement) in respect of
the Notes to:

     [              ] Bank, Chicago

     Illinois ABA # [             ]

     Credit: [              ]

     Account # [            ]: Allstate Life Global Funding

     Contract # [           ]

or such other account as may be specified to the Indenture Trustee by or on
behalf of the Trust.

                                       17
<Page>

                                     PART M
                      ACKNOWLEDGEMENT OF INDENTURE TRUSTEE
                         CONCERNING THE NOTE CERTIFICATE

     J.P. Morgan Trust Company, National Association, as Paying Agent, Registrar
and Indenture Trustee, certifies, as of the Original Issue Date identified in
the Pricing Supplement attached as Annex A to the Series Instrument for the
Trust (the "Pricing Supplement"), the following:

     1. it has received each Note Certificate; and

     2. (a) it has duly authenticated each Note Certificate (b) if applicable,
registered the Notes represented by each Note Certificate in the name of the
Depositary, (c) it has accepted the deposit and will hold in safe custody each
Note Certificate as custodian or common depositary for the Depositary and (d) it
will take all such other reasonable action as may be required to give effect to
the foregoing.

In connection with the above issue, it also hereby confirms that, by order of
the Agent(s) identified in the Pricing Supplement, it has made the following
irrevocable payment instruction:

     Payment Date:               Original Issue Date identified in the Pricing
                                 Supplement

     Amount:                     Net Proceeds to the Trust identified in the
                                 Pricing Supplement

     Payment to:                 Account specified in Part L of this Closing
                                 Instrument

All capitalized terms not otherwise defined herein shall have the meanings set
forth in Part L of this Closing Instrument.

                                       18
<Page>

                                     PART N
                   CERTIFICATE OF INDENTURE TRUSTEE CONCERNING
                            THE FUNDING AGREEMENT(S)

     Reference is hereby made to the Indenture set forth in Part A of this
Closing Instrument (the "Indenture") between the Allstate Life Global Funding
Trust specified in this Closing Instrument (the "Trust") and J.P. Morgan Trust
Company, National Association, as indenture trustee (the "Indenture Trustee").

     In connection with (i) the Funding Agreement(s) attached as Exhibit C to
this Closing Instrument (the "Funding Agreement(s)") and (ii) the Assignment of
Funding Agreement(s) to the Indenture Trustee set forth in Part I of this
Closing Instrument, the Indenture Trustee hereby represents that it has received
delivery of the Funding Agreement(s) and is holding such Funding Agreement(s)
for the benefit and security of the holders of the Notes specified in the
Pricing Supplement attached as Annex A to the Series Instrument for the Trust
and that the Funding Agreement(s) is/are in the possession of the Indenture
Trustee at the address below:

     J.P. Morgan Trust Company, National Association
     1 Bank One Plaza
     Mail Code IL1-0481
     Chicago, IL  60670

or such other location in the State of Illinois as may be specified to the Trust
by the Indenture Trustee.

                                       19
<Page>

                                     PART O
                                   CERTIFICATE
                                OF GLOBAL FUNDING
                            PURSUANT TO SECTION 6(C)
                          OF THE DISTRIBUTION AGREEMENT

     Allstate Life Global Funding, a statutory trust organized under the laws of
the State of Delaware ("Global Funding"), does hereby certify to each Agent
identified in the Pricing Supplement attached as Annex A to the Series
Instrument for the Allstate Life Global Funding Trust specified in this Closing
Instrument (the "Trust") pursuant to Section 6(c) of the Distribution Agreement
attached as Exhibit E to the Series Instrument for the Trust (the "Distribution
Agreement") that, as of the Original Issue Date (as specified in the Pricing
Supplement attached to the Series Instrument for the Trust as Annex A, the
"Original Issue Date"):

     1.   the representations and warranties of Global Funding and, if
applicable, the Trust in the Distribution Agreement are true and correct on and
as of the Original Issue Date and Global Funding and, if applicable, the Trust
have complied with all agreements and satisfied all the conditions on its part
to be performed or satisfied at or prior to the Original Issue Date;

     2.   no stop order suspending the effectiveness of the Registration
Statement has been issued and no proceedings for that purpose have been
instituted or, to Global Funding's knowledge, threatened; and

     3.   since the date of the Prospectus there has occurred no event required
to be set forth in an amendment or supplement to the Registration Statement or
Prospectus, and there has been no document required to be filed under the 1933
Act, the 1933 Act Regulations, the 1934 Act or the 1934 Act Regulations which,
upon filing, would be deemed to be incorporated by reference in the Prospectus
which has not been so filed.

All capitalized terms not otherwise defined herein shall have the meanings set
forth in the Distribution Agreement.

                                       20
<Page>
                                     PART P
                              OFFICER'S CERTIFICATE
                       OF ALLSTATE LIFE INSURANCE COMPANY
                            PURSUANT TO SECTION 6(D)
                          OF THE DISTRIBUTION AGREEMENT

     The signatory identified in Part X of this Closing Instrument (the
"Officer"), a duly elected officer of Allstate Life Insurance Company, an
Illinois insurance company ("Allstate Life"), does hereby certify to each Agent
identified in the Pricing Supplement attached as Annex A to the Series
Instrument for the Allstate Life Global Funding Trust specified in this Closing
Instrument (the "Trust"), in such capacity and on behalf of Allstate Life,
pursuant to Section 6(d) of the Distribution Agreement attached as Exhibit E to
the Series Instrument for the Trust (the "Distribution Agreement") that, to the
knowledge of the Officer based upon reasonable investigation, as of the Original
Issue Date specified in the Pricing Supplement attached to the Series Instrument
for the Trust as Annex A:

     1.   no stop order suspending the effectiveness of the Registration
Statement has been issued and no proceedings for that purpose have been
instituted or, to Allstate Life's knowledge, threatened;

     2.   since the date of the Prospectus there has occurred no event required
to be set forth in an amendment or supplement to the Registration Statement or
Prospectus, and there has been no document required to be filed under the 1933
Act, the 1933 Act Regulations, the 1934 Act or the 1934 Act Regulations which,
upon filing, would be deemed to be incorporated by reference in the Prospectus
which has not been so filed; and

     3.   nothing has come to the attention of Allstate Life that would cause it
to believe that the priority status of the Funding Agreement(s) under Section
5/205 of the Illinois Insurance Code has been adversely modified since the date
of the last delivery of the opinion issued by Lord, Bissell & Brook,
substantially in the form of Exhibit C to the Distribution Agreement.

All capitalized terms not otherwise defined herein shall have the meanings set
forth in the Distribution Agreement.

                                       21
<Page>

                                     PART Q
                           SECRETARY'S CERTIFICATE OF
                         ALLSTATE LIFE INSURANCE COMPANY

     The signatory identified in Part X of this Closing Instrument, the duly
elected Secretary of Allstate Life Insurance Company, an Illinois insurance
company ("Allstate Life"), does hereby certify as of the Original Issue Date (as
specified in the Pricing Supplement attached to the Series Instrument for the
Trust as Annex A, the "Original Issue Date") that:

     1.   Attached hereto as Annex A is a true, complete and correct copy of the
Articles of Amendment to the Articles of Incorporation of Allstate Life as
amended to date and as in full force and effect on the Original Issue Date;
since [December 29, 1999], no action has been taken by Allstate Life or any
officers, directors or shareholders of Allstate Life to effect or authorize any
amendment thereto;

     2.   Attached hereto as Annex B is a true, complete and correct copy of the
By-Laws of Allstate Life as amended to the Original Issue Date and as in full
force and effect on the Original Issue Date;

     3.   Attached hereto as Annex C is a true, complete and correct copy of the
resolutions of the Board of Directors of Allstate Life duly adopted on November
20, 2003 and such resolutions have not been amended, modified, annulled or
revoked, and are in full force and effect on the Original Issue Date; and

     4.   Each of the following individuals have been duly elected or appointed
to the position of Allstate Life shown opposite each of their names along with a
true specimen of each of their respective signatures:

 NAME                    TITLE                                 SIGNATURE

 Casey J. Sylla          President
                                                            --------------------

 Michael J. Velotta      Senior Vice President,
                         General Counsel and Secretary
                                                            --------------------

 Sarah R. Donahue        Assistant Vice President
                                                            --------------------

                                       22
<Page>

                                                             EXHIBIT A TO PART Q

                                       23
<Page>
                                                             EXHIBIT B TO PART Q

                                       24
<Page>

                                                             EXHIBIT C TO PART Q

                                       25
<Page>

                                     PART R
          CERTIFICATE OF INDENTURE TRUSTEE CONCERNING CORPORATE MATTERS

     Reference is made to the Indenture set forth in Part A of this Closing
Instrument (the "Indenture") between the Allstate Life Global Funding Trust
specified in this Closing Instrument (the "Trust") and J.P. Morgan Trust
Company, National Association, as indenture trustee (the "Indenture Trustee")
entered into in connection with the issuance of the secured medium term notes of
the Trust (the "Notes"), and to the Coordination Agreement set forth in Part F
of the Series Instrument for the Trust (the "Coordination Agreement") between
the Trust and the Indenture Trustee. All capitalized terms not otherwise defined
herein shall have the meanings set forth in the Standard Indenture Terms
attached as Exhibit A to this Closing Instrument (the "Standard Indenture
Terms").

     1. Each of the Indenture and the Coordination Agreement has been duly
executed and delivered on behalf of the Indenture Trustee by an authorized
officer of the Indenture Trustee.

     2. Each person who, as an officer of the Indenture Trustee, signed the
Indenture or the Coordination Agreement, was duly elected or appointed,
qualified and acting as such officer at the respective time of the signing and
delivery thereof and was duly authorized to sign such document on behalf of the
Indenture Trustee, and the signature of each such person is the genuine
signature of such officer.

     3. Each person who, as an officer of the Indenture Trustee, authenticated
certificates representing the Notes issued under the Indenture was at the time
of such authentication and is now a duly elected or appointed officer of the
Indenture Trustee authorized and empowered so to act and the signature of each
such person appearing on any such certificate is genuine. The Indenture Trustee
has examined the form of Notes certificate so authenticated and delivered and
has found the same to be in substantially the form called for by the Indenture.

     4. Attached hereto as Exhibit A is a true, correct and complete copy of an
extract of the bylaws of the Indenture Trustee evidencing the authority of
certain officers of the Indenture Trustee to sign indentures and authenticate
certificates representing securities, which bylaws are in effect at the Original
Issue Date specified in the Pricing Supplement attached to the Series Instrument
for the Trust as Annex A and at all times since December 3, 2001.

     5. There are no actions, suits or proceedings pending or overtly
threatened against the Indenture Trustee before any court, either state or
federal, which, if adversely determined, would affect in any material
respect, the performance of the Indenture Trustee of its obligations under
the Indenture, the Coordination Agreement and the obligations contemplated
therein.

     6. The Indenture Trustee is eligible to act as Indenture Trustee under
Section 6.7 of the Standard Indenture Terms.

                                       26
<Page>
                                                             EXHIBIT A TO PART R

                 J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION

                               EXTRACT OF BY-LAWS

                       As amended through December 3, 2001

Section 8.2. EXECUTION OF INSTRUMENTS. All agreements, indentures, mortgages,
deeds, conveyances, transfers, certificates, declarations, receipts, discharges,
releases, satisfactions, settlements, petitions, schedules, accounts,
affidavits, bonds, undertakings, proxies and other instruments or documents may
be signed, executed, acknowledged, verified, delivered or accepted on behalf of
the Association by the Chairperson or Co-Chairpersons of the board, or the
President, or any Vice Chairperson, or any Managing Director, or any Vice
President, or any Assistant Vice President, or the Chief Financial Officer, or
the Controller, or the Secretary, or the Cashier, or, if in connection with the
provision of fiduciary, corporate trust, escrow or agency services, by any of
those officers or by any Trust Officer or any Assistant Trust Officer. Any such
instruments may also be executed, acknowledged, verified, delivered or accepted
on behalf of the Association in such other manner and by such other officers or
other persons as the board may from time to time direct. The provisions of this
Section 8.2 are supplementary to any other provision of these by-laws.

                                       27
<Page>

                                     PART S
                       CERTIFICATE OF AMACAR PACIFIC CORP.

     The signatory identified in Part X of this Closing Instrument, the duly
appointed Secretary of AMACAR Pacific Corp., a Delaware corporation ("AMACAR"),
does hereby certify as of the Original Issue Date identified in the Pricing
Supplement attached as Annex A to the Series Instrument for the Trust (the
"Original Issue Date") that:

     1.   Each of the persons named on Exhibit A hereto has been duly elected or
appointed and is duly qualified as an officer of AMACAR on the Original Issue
Date, holding the office or offices set forth opposite his or her name, and the
signature set forth opposite his or her name is a specimen of his or her genuine
signature.

     2.   Attached hereto as Exhibit B is a true and correct copy of the
Certificate of Incorporation of AMACAR as in effect on the Original Issue Date.

     3.   Attached hereto as Exhibit C is a true and correct copy of the By-Laws
of AMACAR as in effect on the Original Issue Date.

     4.   Attached hereto as Exhibit D is a true and correct copy of a
resolution duly adopted by the Board of Directors of AMACAR at a meeting thereof
duly called and held on [ ], at which a quorum was present and acting
throughout. Such resolution has not been amended, modified, rescinded or revoked
and is in full force and effect on the Original Issue Date.

     5.   Attached hereto as Exhibit E is a true and correct copy of a
resolution duly adopted by the Board of Directors of AMACAR at a meeting thereof
duly called and held on [ ], at which a quorum was present and acting
throughout. Such resolution has not been amended, modified, rescinded or revoked
and is in full force and effect on the Original Issue Date.

     6.   AMACAR is a corporation existing and in good standing under the laws
of the State of Delaware.

     7.   There is no proceeding pending or, to the best of my knowledge,
threatened for the dissolution or liquidation of AMACAR.

All capitalized terms not otherwise defined herein shall have the meanings set
forth in the Administrative Services Agreement set forth in Part B to the Series
Instrument for the Trust.

                                       28
<Page>

                                                             EXHIBIT A TO PART S

 NAME                    OFFICE                             SIGNATURE

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

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

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

                                       29
<Page>

                                                             EXHIBIT B TO PART S

                                       30
<Page>

                                                             EXHIBIT C TO PART S

                                       31
<Page>

                                                             EXHIBIT D TO PART S

                                       32
<Page>

                                                             EXHIBIT E TO PART S

                                       33
<Page>

                                     PART T
                            CROSS-RECEIPT BETWEEN THE
                             TRUST AND THE AGENT(S)

     Reference is hereby made to the Terms Agreement set forth in Part E of the
Series Instrument for the Trust (the "Terms Agreement"). All capitalized terms
not otherwise defined herein shall have the meanings set forth in the Terms
Agreement.

     1. The Trust hereby acknowledges receipt from the Agent(s) of immediately
available funds in the amount of the Net Proceeds to the Trust identified in the
Pricing Supplement attached as Annex A to the Series Instrument for the Trust,
representing payment in full of the Notes sold to the Agent(s) pursuant to the
Terms Agreement.

     2. The Agent(s) hereby acknowledge(s) receipt from the Trust of the Notes
sold to the Agent(s) by the Trust pursuant to the Terms Agreement.

                                       34
<Page>

                                     PART U
                         CROSS-RECEIPT BETWEEN THE TRUST
                               AND GLOBAL FUNDING

     Reference is hereby made to the Coordination Agreement set forth in Part F
of the Series Instrument for the Trust (the "Coordination Agreement"). All
capitalized terms not otherwise defined herein shall have the meanings set forth
in the Coordination Agreement.

     1. Global Funding hereby acknowledges receipt from the Trust of immediately
available funds in the amount of the Net Proceeds to the Trust identified in the
Pricing Supplement attached as Annex A to the Series Instrument for the Trust,
representing payment in full of the Funding Note sold to the Trust pursuant to
the Coordination Agreement.

     2. The Trust hereby acknowledges receipt from Global Funding of the Funding
Note sold to the Trust pursuant to the Coordination Agreement.

                                       35
<Page>

                                     PART V
                              CROSS-RECEIPT BETWEEN
                               GLOBAL FUNDING AND
                                  ALLSTATE LIFE

     Reference is hereby made to the Coordination Agreement set forth in Part F
of the Series Instrument for the Trust (the "Coordination Agreement"). All
capitalized terms not otherwise defined herein shall have the meanings set forth
in the Coordination Agreement.

     1. Allstate Life hereby acknowledges receipt from Global Funding of
immediately available funds in the amount of the Net Proceeds to the Trust
identified in the Pricing Supplement attached as Annex A to the Series
Instrument for the Trust, representing payment in full of the Funding
Agreement(s) sold to Global Funding pursuant to the Coordination Agreement.

     2. Global Funding hereby acknowledges receipt from Allstate Life of the
Funding Agreement(s) sold to Global Funding pursuant to the Coordination
Agreement.

                                       36
<Page>

                                     PART W
                              CROSS-RECEIPT BETWEEN
                               GLOBAL FUNDING AND
                                    THE TRUST

     Reference is hereby made to the Coordination Agreement set forth in Part F
of the Series Instrument for the Trust (the "Coordination Agreement"). All
capitalized terms not otherwise defined herein shall have the meanings set forth
in the Coordination Agreement.

     1.   The Trust hereby acknowledges receipt from Global Funding of the
Funding Agreement(s).

     2.   Global Funding hereby acknowledges the Trust's surrender of the
Funding Note.

                                       37
<Page>

                                     PART X
                        MISCELLANEOUS AND EXECUTION PAGES

     This Closing Instrument may be executed by each of the parties hereto in
any number of counterparts, and by each of the parties hereto on separate
counterparts, each of which counterparts, when so executed and delivered, shall
be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument. Facsimile signatures shall be deemed original
signatures.

     Each signatory, by its execution hereof, does hereby become a party to, or
executes, each of the agreements and certificates identified below for such
signatory as of the date specified in such agreements and certificates.

     It is expressly understood and agreed by the parties that (a) Wilmington
Trust Company (the "Delaware Trustee") is hereby instructed by Global Funding
and the Trust to execute this Closing Instrument on their behalf, (b) this
Closing Instrument is executed and delivered by the Delaware Trustee, 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 set forth in Part A to the Series Instrument for the Trust (the "Trust
Agreement"), (c) each of the representations, undertakings and agreements made
on the part of the Trust in this Closing Instrument 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, (d) nothing
contained herein shall be construed as creating any liability on the Delaware
Trustee individually or personally, to perform any covenant either expressed or
implied contained 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 (e) 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 any breach or failure of any obligation, representation, warranty or
covenant to be made or undertaken by the Trust under the Indenture set forth in
Part A to this Closing Instrument or any other related documents; PROVIDED,
HOWEVER, that such waiver shall not affect the liability of the Delaware Trustee
(or any entity acting as successor or additional trustee) to any person under
any other agreement to the extent expressly agreed to in its individual capacity
under the Trust Agreement.

     IN WITNESS WHEREOF, the undersigned have executed this Closing Instrument.

                                        ALLSTATE LIFE INSURANCE COMPANY (for
                                        purposes of (i) the Assignment of
                                        Funding Agreement(s) to the Funding Note
                                        Indenture Trustee set forth in Part C
                                        herein, (ii) the Acknowledgement of
                                        Assignment of Funding Agreement(s) to
                                        the Funding Note Indenture Trustee set
                                        forth in Part D herein, (iii) the
                                        Termination of Security Interest and
                                        Transfer of

                                       38
<Page>

                                        Funding Agreement(s) to Global Funding
                                        set forth in Part E herein, (iv) the
                                        Acknowledgement of Termination of
                                        Security Interest and Transfer of
                                        Funding Agreement(s) set forth in Part F
                                        herein, (v) the Assignment of Funding
                                        Agreement(s) to the Trust set forth in
                                        Part G herein, (vi) the Acknowledgement
                                        of Assignment of Funding Agreement(s) to
                                        the Trust set forth in Part H herein,
                                        (vii) the Assignment of Funding
                                        Agreement(s) to the Indenture Trustee
                                        set forth in Part I herein, (viii) the
                                        Acknowledgement of Assignment of Funding
                                        Agreement(s) to the Indenture Trustee
                                        set forth in Part J herein and (ix) the
                                        Cross-Receipt between Global Funding and
                                        Allstate Life set forth in Part V
                                        herein)

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

                                        SECRETARY OF ALLSTATE LIFE INSURANCE
                                        COMPANY (for purposes of the Secretary's
                                        Certificate of Allstate Life Insurance
                                        Company set forth in Part Q herein)

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

                                        I, an authorized officer of Allstate
                                        Life Insurance Company, do hereby
                                        certify that the above signature is the
                                        true and genuine signature of the duly
                                        elected, qualified and acting Secretary
                                        of Allstate Life Insurance Company.

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

                                        AUTHORIZED OFFICER OF ALLSTATE LIFE
                                        INSURANCE COMPANY (for purposes of the
                                        Officer's Certificate of Allstate Life
                                        Insurance Company

                                       39
<Page>

                                        Pursuant to Section 6(d) of the
                                        Distribution Agreement set forth in Part
                                        P herein)

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

                                        ALLSTATE LIFE GLOBAL FUNDING (for
                                        purposes of (i) the Funding Note
                                        Indenture set forth in Part B herein,
                                        (ii) the Assignment of Funding
                                        Agreement(s) to the Funding Note
                                        Indenture Trustee set forth in Part C
                                        herein, (iii) the Acknowledgement of
                                        Assignment of Funding Agreement(s) to
                                        the Funding Note Indenture Trustee set
                                        forth in Part D herein, (iv) the
                                        Termination of Security Interest and
                                        Transfer of Funding Agreement(s) to
                                        Global Funding set forth in Part E
                                        herein, (v) the Acknowledgement of
                                        Termination of Security Interest and
                                        Transfer of Funding Agreement(s) set
                                        forth in Part F herein, (vi) the
                                        Assignment of Funding Agreement(s) to
                                        the Trust set forth in Part G herein,
                                        (vii) the Acknowledgement of Assignment
                                        of Funding Agreement(s) Transfer to the
                                        Trust set forth in Part H herein, (viii)
                                        the Certificate of Global Funding
                                        Pursuant to Section 6(c) of the
                                        Distribution Agreement set forth in Part
                                        O herein, (ix) the Cross-Receipt between
                                        the Trust and Global Funding set forth
                                        in Part U herein, (x) the Cross-Receipt
                                        between Global Funding and Allstate Life
                                        set forth in Part V herein and (xi) the
                                        Cross-Receipt between Global Funding and
                                        the Trust set forth in Part W herein)

                                        By:   Wilmington Trust Company, solely
                                              in its capacity as Delaware
                                              Trustee

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

                                       40
<Page>

                                        THE ALLSTATE LIFE GLOBAL FUNDING TRUST
                                        SPECIFIED ABOVE (for purposes of (i) the
                                        Indenture set forth in Part A herein,
                                        (ii) the Assignment of Funding
                                        Agreement(s) to the Trust set forth in
                                        Part G herein, (iii) the Acknowledgement
                                        of Assignment of Funding Agreement(s) to
                                        the Trust set forth in Part H herein,
                                        (iv) the Assignment of Funding
                                        Agreement(s) to the Indenture Trustee
                                        set forth in Part I herein, (v) the
                                        Acknowledgement of Assignment of Funding
                                        Agreement(s) Assignment to the Indenture
                                        Trustee set forth in Part J herein, (vi)
                                        the Instructions of the Trust set forth
                                        in Part L herein, (vii) Cross-Receipt
                                        between the Trust and the Agent(s) set
                                        forth in Part T herein, (viii) the
                                        Cross-Receipt between the Trust and
                                        Global Funding set forth in Part U
                                        herein and (ix) the Cross-Receipt
                                        between Global Funding and the Trust set
                                        forth in Part W herein)

                                        By:   Wilmington Trust Company, solely
                                              in its capacity as Delaware
                                              Trustee

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

                                        J.P. MORGAN TRUST COMPANY, NATIONAL
                                        ASSOCIATION (for purposes of (i) the
                                        Indenture set forth in Part A herein,
                                        (ii) the Funding Note Indenture set
                                        forth in Part B herein, (iii) the
                                        Assignment of Funding Agreement(s) to
                                        the Funding Note Indenture Trustee set
                                        forth in Part C herein, (iv) the
                                        Acknowledgement of Assignment of Funding
                                        Agreement(s) to the Funding Note
                                        Indenture Trustee set forth in Part D
                                        herein, (v) the Termination of Security
                                        Interest and Transfer of Funding
                                        Agreement(s) to Global Funding set forth
                                        in Part E herein, (vi) the
                                        Acknowledgement of Termination of
                                        Security Interest and Transfer of
                                        Funding Agreement(s) set forth in Part F
                                        herein,(vii) the Assignment of Funding
                                        Agreement(s) to the Indenture Trustee
                                        set forth in Part I herein, (viii) the
                                        Acknowledgement of

                                       41
<Page>

                                        Assignment of Funding Agreement(s) to
                                        the Indenture Trustee set forth in Part
                                        J herein, (ix) the Instructions of the
                                        Trust set forth in Part L herein, (x)
                                        the Acknowledgement of Indenture Trustee
                                        Concerning the Note Certificate set
                                        forth in Part M herein, (xi) the
                                        Certificate of Indenture Trustee
                                        Concerning the Funding Agreement(s) set
                                        forth in Part N herein and (xii) the
                                        Certificate of Indenture Trustee
                                        Concerning Corporate Matters set forth
                                        in Part R herein)

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

                                        J.P. MORGAN TRUST COMPANY, NATIONAL
                                        ASSOCIATION, Chicago, Illinois office
                                        (for purposes of the Certificate
                                        Regarding Custody of Funding
                                        Agreement(s) set forth in Part K herein)

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

                                        SECRETARY OF AMACAR Pacific Corp. (for
                                        purposes of the Certificate of AMACAR
                                        Pacific Corp. set forth in Part S
                                        herein)

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

                                        I, an authorized officer of AMACAR
                                        Pacific Corp., do hereby certify that
                                        the above signature is the true and
                                        genuine signature of the duly elected,
                                        qualified and acting Secretary of AMACAR
                                        Pacific Corp.

                                       42
<Page>

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

                                        [MERRILL LYNCH, PIERCE, FENNER & SMITH
                                        INCORPORATED] (for purposes of the
                                        Cross-Receipt between the Trust and the
                                        Agent(s) set forth in Part T herein)

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

                                       43
<Page>

                                    EXHIBIT A

                            STANDARD INDENTURE TERMS

                                       A-1
<Page>

                                    EXHIBIT B

                      STANDARD FUNDING NOTE INDENTURE TERMS

                                       B-1
<Page>

                                    EXHIBIT C

                              FUNDING AGREEMENT(S)

                                       C-1
<Page>

                                    EXHIBIT D

                            UCC-1 FINANCING STATEMENT

                                       D-1
<Page>

                                     ANNEX A

                            INDENTURE TRUSTEE SERVICE
                                  FEE SCHEDULE

                                      A-A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]