Blog

Independent Life’s New Product, iStructure, featured on Structured Retail Products

Independent Insurance Group, LLC (“Independent Group”) announced today that its life and annuity subsidiary, Independent Life Insurance Company (“Independent Life”), has successfully launched iStructure, the first uncapped index-linked structured settlement annuity. Independent Life has secured almost $50 million in committed sales for the product from both settlement recoveries and installment sales of real estate and businesses....

Dominion Assignment Company

Founded by insurance industry experts, Independent Life has challenged traditional conventions and introduced innovation and an impressive roster of world class partners to the structured settlement market – including LKCM Headwater, KKR’s Kilter Finance, Hannover Re U.S. and BlackRock. Our most recent innovation is iStructure – our indexed annuity which combines traditional structured settlement benefits...

Non-Qualified Assignments and Structured Installment Sales

A non-qualified assignment is a transfer of payment obligations that does not qualify under IRC Section 130. Non-qualified assignments, however, do share certain similarities as well as certain differences with assignments that do qualify under IRC Section 130 (“qualified assignments”).   Qualified Assignments Compared The term “qualified assignment” is defined for tax purposes by IRC...

Structured Settlements and Periodic Payment Judgments Release 71

For many settlement planners and structured settlement annuity providers, the dominant storylines of the past two years have been COVID-19 (COVID), low interest rates and plummeting structured settlement annuity sales.  In 2019, based on industry reports, $6.47 billion of annuities were purchased to fund 26,486 structured settlement cases, for an average per case premium of $244,228.....

Settlement Planning Compensation Models

With few exceptions, the topic of consultant compensation receives limited public discussion within the structured settlement and settlement planning communities. A quick review of the websites of three national associations whose members sell structured settlement annuities, NSSTA, AASC,  and SSP, appears to indicate only SSP even mentions the word “compensation.” The SSP references to “compensation”...

2021 The Year In Review

Among his many memorable quotes, Winston Churchill is credited with being the first to say “never let a good crisis go to waste.” Judging solely by reported structured settlement premium production, most structured settlement professionals and companies appear to have ignored Mr. Churchill’s advice for the second consecutive year. As the COVID pandemic continues to...

 
 

Do you have questions about how reinsurance works in general, or specifically the reinsurance agreement between Hannover Re US and Independent Life? You have come to the right place! Settlement Nation co-hosts, Chris Bua and Courtney Barber interview Independent Life’s CEO Jimmy Atkins, where Jimmy dives into all of this and more. Check out the entire interview or skip to a...

Independent Insurance Group LLC Announces New Signing

New Signing JACKSONVILLE, Fla., Feb. 8, 2021 /PRNewswire/ — Independent Insurance Group LLC (“Independent Group”) announced today the signing of a definitive agreement for an investment by Kilter Finance, an insurance-focused specialty finance company backed by KKR. Launched in 2018, Independent Group is the parent of Independent Life Insurance Company (“Independent Life”), the first insurance carrier to focus exclusively...

New Blog Series: Let’s Talk About…

Let’s Talk About Conference season, albeit virtual, has officially kicked off with both the Society of Settlement Planners (SSP) and the National Structured Settlement Trade Association (NSSTA) announcing dates for their virtual 2021 Annual Conferences: February 23-25 for SSP and May 4-7 for NSSTA. SSP has already launched their conference website highlighting their agenda topics and speakers with a healthy mix of anticipated...

Independent Life Insurance Company Announces Reinsurance Agreement

DALLAS, Jan. 4, 2021 /PRNewswire/ — Independent Life Insurance Company (“Independent Life”) announced today it has entered into a reinsurance agreement with Hannover Life Reassurance Company of America (“Hannover Re US”), rated A+ by A.M. Best. In accordance with this agreement, effective October 1, 2020 Hannover Re US will reinsure a percentage of Independent Life’s in-force business and new business....

Celebrating $250M with a Giveaway!

For so many people starting a business and watching it succeed through hard work, courage, and a little bit of luck is the American dream. This certainly embodies the journey our team at Independent Life has experienced.  As a result of those factors and the growing support of settlement professionals and attorneys across the country,...

The Impact of COVID-19 on the Structured Settlement Market

The Impact of COVID-19 on the Structured Settlement Market How has the Impact of COVID-19 pandemic impacted the structured settlement market to date and what impact will it have in the future? Those issues were addressed, directly and indirectly, last week in separate forums featuring two Independent Life executives: Chairman Michael Upchurch and Senior Vice President of...

Independent Life COVID-19 Response

We recognize that you may be experiencing significant changes in your everyday life while thinking through the full impact of COVID-19 on you, your family, and your business.  To that end, we wanted to provide the following information about Independent Life. Operations For the safety of our employees, we have taken precautions and activated our...

Say Hello to our New NSSTA Committee Members!

Say Hello to our New NSSTA Committee Members! Since 1985, the National Structured Settlements Trade Association has been the leading voice of the structured settlement industry. Independent Life recognizes the impact NSSTA has on our industry and as new members, we are excited to contribute to and help further the NSSTA mission “to promote the establishment and preservation of structured...