Non-Qualified Structured Settlements
A tax-efficient way for clients to get more.
PLAINTIFFSSettlements or awards from disputes that do not qualify for the physical injury tax exemption can be converted into a series of periodic payments that are taxable only when received.
With a structured settlement in place, your client will experience the security of a custom-designed series of payments to meet everyday needs, significant medical expenses or future obligations like a college education or retirement.
As importantly, structured settlements remove the stress and responsibility of managing settlement proceeds and clients are better protected from the risks of market volatility, unplanned tax liabilities and overspending and exhausting the funds.
The benefits to your clients
When to consider a Non-Qualified Structured Settlement
Non-qualified structured settlements are available for a wide range of settlement types, including:
Wrongful termination
Sexual harassment
Discrimination
Psychological or emotional harassment
Construction defect
Punitive damages
Whistleblower claims
Environmental claims
Errors and omission claims
Directors and omission claims
Patents or intellectual property
Divorce
Installment sales of real estate or business
Wrongful incarceration
Attorney fees associated with these types of cases
Independent Life brought non-qualified assignment flexibility back to the marketplace and remains one of the few providers.
Attorneys and brokers find structured settlements useful even for cases that don’t meet the requirements for tax-free benefits. Non-qualified structures defer and spread taxes for the plaintiff and save both the plaintiff and defendant time and trial and appeal costs.
Turbocharge your firm with our free resources
Subscribe to our Newsletter
Deep expertise combined with unparalleled access. Market-leading underwriting and pricing, plus turnaround times that redefine industry benchmarks. Innovative solutions that challenge convention. Impressive credentials plus best-in-class partners to back it all up.
Company
Solutions
Connect
P.O. Box 679053
Dallas, Texas 75267-9053
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.