Independent Life believes structured settlements can provide positive benefits for all people. We also believe information should be easy to find and easy to understand. Below you will find answers to the top questions about structured settlements and about Independent Life.
Yes. Certain disputes or claims that are not eligible for an income tax-free qualified assignment per Internal Revenue Code Section 130 can still benefit from tax deferral through a non-qualified assignment. Like qualified assignments, non-qualified assignments enable two disputing parties to settle for future periodic payments with the obligation to make future payments being transferred to a responsible assignee and allowing the payer to write a single, up-front check and be released from future obligation. Compared to receiving a lump sum now, the payee gets the payments in a more tax-efficient manner as the money is distributed over time.
Cases eligible for non-qualified assignments include: punitive damages; attorney fees; employment disputes; divorces; and wrongful incarceration cases.
Independent Life is the first and only single-purpose life insurance company dedicated to structured settlements.
Independent Life Insurance Company
P.O. Box 679053
Dallas, Texas 75267-9053