History

Independent Life has rapidly grown from its initial founding in 2018, to a market leader in the structured settlement annuity space.

2017

October 2017

Announced Formation

Announced formation of Independent Insurance Group.
Independent Life Original Logo
[bold_timeline_item_button title=”Expand” style=”” shape=”” color=”” size=”inline” url=”#” el_class=”bold_timeline_group_button”]

2018

April 2018

Announced Opening

Announced opening of Independent Life Insurance Company.

June 2018

Received First $1 Million+

Received first $1 million+ court approval for minor’s structured settlement.

https://www.independent.life/wp-content/uploads/2022/06/independent-life-1837072894-768x432.jpg

November 2018

Qualified Settlement Fund

First business placed from a mass tort Qualified Settlement Fund.

December 2018

Strength Rating Affirmed

“A” financial strength rating affirmed.

[bold_timeline_item_button title=”Expand” style=”” shape=”” color=”” size=”inline” url=”#” el_class=”bold_timeline_group_button”]

2019

February 2019

First Payee Protection Policy

Introduced industry’s first Payee Protection Policy.

Hands around children blocks

April 2019

Non-Qualified Assignment

Announced launch of Non-Qualified Assignment.

Business people around a table

June 2019

Texas Property Code

Major update to Texas Property Code signed into law by Texas Gov. Abbott.

June 2019

First Victory

First victory over factoring company through Payee Protection Policy.

August 2019

Company-Record $13.5 Million

Completed company-record $13.5 million structured settlement.

Men looking at glass screen

October 2019

$100 Million Funded

First $100 million in funded premium.

December 2019

Financial Strength

“A” financial strength rating re-affirmed.

Black Rock rating
[bold_timeline_item_button title=”Expand” style=”” shape=”” color=”” size=”inline” url=”#” el_class=”bold_timeline_group_button”]

2020

June 2020

2nd Fastest Growing Annuity Provider

S&P Global names Independent Life Insurance Company 2nd fastest growing annuity provider in USA.

June 2020

100th Insurer/Self-insured

100th insurer/self-insured entity to fund directly with Independent Life.

Business man looking over papers

July 2020

$200 Million Funded

$200 million in funded premium.

July 2020

Launched Settlement Nation

Launched Settlement Nation podcast.

September 2020

Received 300th Court Approval

Received 300th consecutive court approval.

[bold_timeline_item_button title=”Expand” style=”” shape=”” color=”” size=”inline” url=”#” el_class=”bold_timeline_group_button”]

2021

January 2021

Announced Reinsurance

Announced reinsurance agreement with Hannover Re US.

https://www.independent.life/wp-content/uploads/2022/06/independent-life-history-v3.jpg

February 2021

Announced Capital Partnership

Announced capital partnership with Kilter Finance, a KKR-backed company.

Kilter Fianance

May 2021

$300 Million Funded

$300 million in funded premium

June 2021

Acquired Sterling National Life

Acquired Sterling National Life Insurance Company.

September 2021

Branding Launch

Launch of new Independent Life branding

Independent Life basic logo

October 2021

Received 600th Court Approval

Received 600th consecutive court approval.

November 2021

10,000th Download

10,000th download of Settlement Nation podcast.

Podcast Studio

November 2021

$400 Million in Funded

$400 million in funded premium.

Hands at a keyboard working

December 2021

Independent Life Website

Launch of new Independent Life website.

Independent Life Main homepage image

December 2021

Introduced iStructure

Introduced iStructure, an innovative structured settlement indexed annuity product.

Istructure Annuity
[bold_timeline_item_button title=”Expand” style=”” shape=”” color=”” size=”inline” url=”#” el_class=”bold_timeline_group_button”]

2022

February 2022

AAJ Board of Governors

Initiated co-sponsorship of AAJ Board of Governors meetings.

March 2022

Settlement Nation Podcast

Released 40th episode of Settlement Nation podcast, featuring Keith Mitnik.

Keith Mitnik Settlement Nation
[bold_timeline_item_button title=”Expand” style=”” shape=”” color=”” size=”inline” url=”#” el_class=”bold_timeline_group_button”]