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New Blog Series: Let’s Talk About…
Company NewsStructured SettlementsJanuary 19, 2021by Patrick Hindert

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...

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Society of Actuaries Structured Settlement Mortality Studies
Structured SettlementsJanuary 11, 2021by Patrick Hindert

Society of Actuaries Structured Settlement Mortality Studies

Every structured settlement professional is familiar with the term “substandard age rating” as well as the important role more generally of “mortality risk” as one rationale for selecting a structured settlement. Not all structured settlement professionals, however, are aware that the Society of Actuaries (SOA) has sponsored and published six intercompany studies of mortality experience related to...

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Independent Life Insurance Company Announces Reinsurance Agreement
Company NewsJanuary 4, 2021by Patrick Hindert

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....

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IRS Publishes Final ABLE Regulations (Part 2)
Structured SettlementsIndustry NewsNovember 20, 2020by Patrick Hindert

IRS Publishes Final ABLE Regulations (Part 2)

Since The ABLE Act created IRC 529A in 2014, 49 states have passed legislation to implement ABLE and ABLE accounts have become popular financial and settlement planning tools for qualifying disabled individuals. Although the statutory foundation for ABLE programs and ABLE accounts exists within the Internal Revenue Code, ABLE account benefits encompass both income tax and social security related advantages.   ABLE Account...

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IRS Publishes Final ABLE Regulations
Structured SettlementsIndustry NewsNovember 2, 2020by Patrick Hindert

IRS Publishes Final ABLE Regulations

The Internal Revenue Service (IRS) has published final regulations that provide guidance regarding programs under the Stephen Beck, Jr., Achieving a Better Life Experience (ABLE) Act of 2014.The ABLE Act added IRC Section 529A to the Internal Revenue Code which was enacted as part of the Tax Increase Prevention Act of 2014. Section 529A provides rules under which states or state...

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