Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

by John Darer CLU ChFC CSSC
 
Allstate  Life Insurance Company announced the name for its NABCO Assignments, Ltd. facility has changed to Allstate International Assignments, Ltd. effective March 1, 2007. 
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Allstate International Assignments, Ltd. is a special purpose corporation formed for the purpose of accepting periodic payment obligations by way of non qualified assignments, including employment litigation settlements, divorce structured settlements, compromised workers compensation claims and Structured Installment Sales transactions and others. It is resident in Barbados and its transactions are governed by the Taxation Treaty between the United States and Barbados. It is registered with the IRS and holds a US Tax ID number.
 
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  The name change is a smart move by Allstate, clearly designed to take advantage of the power of the Allstate brand. Structured sales transactions stand to benefit the most by the name recognition. Selling homeowners contemplating a structured installment sale method to dispose of their property, in lieu of a 1031 Exchange,  may already have Allstate homeowners or car insurance. Structured installment sales may also be used as an exit strategy for business owners.
 
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2 responses to “Allstate International Assignments, Ltd. is a new name for NABCO”

  1. Emile Mullick Avatar
    Emile Mullick

    I have an annuity issued by Allstate, I requested a change in beneficiary, I was told that “NABCO” has not approved the change,the Allstate “call center” has no clue as to how to dispute this or even how to contact “NABCO”. It seems ALLSTATE is now NABCO. How do I request a change in beneficiary?

  2. Structured Settlements 4Real Avatar

    The settlement documents will stipulate the rights of the structured settlement payee to change the beneficiary. The fact that NABCO, now Allstate International Assignments, Ltd. has denied your request suggests that a restriction on such action is contained in the original settlement documents. Such a restriction is common with structured attorney fees to avoid an element of control which would trigger constructive receipt.

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