Financial Ratings

Independent Life Ratings


Independent Life has been rated by two different Nationally Recognized Statistical Rating Organizations (NRSRO), Egan-Jones and KBRA. Both Egan-Jones and KBRA are recognized by the U.S. Securities and Exchange Commission (SEC) and the National Association of Insurance Commissioners (NAIC). Their financial ratings are relied upon by regulators, the NAIC’s Security Valuation Office (SVO), investors and other financial institutions.

Egan-Jones Ratings CompanyKBRA Rating

As a single purpose life insurance company exclusively focused on providing annuities for the structured settlement market, Independent Life’s risk profile is dramatically different from all previous structured settlement providers. Furthermore, as a newly formed and capitalized life insurance company, Independent Life does not have any historical structured settlement annuities with pricing out of alignment with today’s investment environment. It is precisely these liabilities that have contributed to the mass exodus of carriers from the structured settlement marketplace.

After its successful launch, Independent Life will seek ratings by other NRSRO organizations, including A.M. Best.


“Independent Life will leverage broad and deep relationships, along with opportunistic competitive pricing, to become a preferred provider of the structured settlement distribution force.  The company's major risks - reinvestment risk and pricing risk - are largely mitigated by entering the market when interest rates are low.  Additionally, Independent Life has the ability to control premium flow if margins become unattractive.”

Andrew Edelsberg
Managing Director
Insurance at KBRA


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