Introducing the Payee Protection Policy Independent Life is proud to introduce the structured settlement industry’s first Payee Protection Policy. This new offering is directly in line with our company’s mission to provide trustworthy, competitive and innovative annuity products that professional structured settlement consultants can easily integrate with other financial products and governmental benefits to produce...
CMS WCMSA Reference Guide Version 2-9 Workers’ Compensation Medicare Set-Aside Arrangements (WCMSAs) have become an important submarket for structured settlement annuities. Arguably, the primary reason has been a significant cost advantage CMS has provided for structured settlement annuities (perhaps unintentionally) compared with lump sums. The basis for the cost advantage CMS has provided to structured settlement annuities results from the...
Ezell v. Lexington Note: this article was edited on June 16, 2019 to correct an earlier mistake and to provide an important update. The 1st Circuit Court of Appeals has dismissed the Plaintiffs’ Appeal from the United States District Court for the District of Massachusetts. Release 66 of “Structured Settlements and Periodic Payment Judgments” will provide additional details...
2019 Payee Protection Policy Annual Report Independent Life developed and launched the first Payee Protection Policy in the structured settlement industry on February 24, 2019 with the mission of protecting payees from any and all proposed transfer petitions we view as unfair to our payees. As part of that Policy, when a petition is filed...
The 2018 Structured Settlement Production Report – Part 5 This is the final post of a five part series regarding the 2018 Structured Settlement Report – be sure to read parts I, II, III and IV. Because of its significance for the structured settlement and personal injury settlement planning markets, The Chronicle is devoting a five-part series of articles to the...
The 2018 Structured Settlement Production Report – Part 3 This is part three of a five part series regarding the 2018 Structured Settlement Report – be sure to read parts I, II, IV and V. Parts 1 and 2 of The Chronicle’s Series analyzing Melissa Price’s 2018 Structured Settlement Production Report highlighted both the positive and the concerning news for NSSTA and...
The 2018 Structured Settlement Production Report – Part 1 This is part one of a five part series regarding the 2018 Structured Settlement Report – be sure to read parts II, III, IV and V. Following a sales decline in 2017, annual structured settlement annuity sales increased in 2018 to $6.02 billion (based upon 26,227 cases with an average case size...
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Any discussion of taxes herein is for general informational purposes only and does not purport to be complete or cover every situation. Independent Life, its affiliates, its distributors, and its and their respective representatives do not provide tax, accounting, or legal advice. You should confer with your qualified legal, tax and accounting advisors based on your particular circumstances. All guarantees are obligations of Independent Life Insurance Company.
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