Top 10 Structured Settlement Annuity Companies 2024

What is a Structured Settlement?

Structured Settlement Annuity: Structured settlements are a special way to pay people who’ve been hurt. They started being allowed by the US government in 1982. Here’s what a structured settlement is:

  • It’s an agreement between the person who got hurt and the person or company who caused the harm. Both agree to it willingly.
  • Instead of getting all the money at once, the injured person gets regular payments over time. These payments are not taxed and are designed to cover future medical costs and basic needs.
  • Sometimes, a court will order a structured settlement, especially when the person hurt is a minor or can’t make decisions for themselves.

American General is a top-rated company for its strong finances. They’re part of Sun America Financial Group, one of the biggest insurance companies globally. They’re known for their structured settlements and have helped many people. They serve over 60,000 structured settlement customers every year.

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Structured settlements have many advantages:

  • They’re supported by lawyers, lawmakers, judges, and groups that help disabled people. They’ve seen how structured settlements help injured people keep their money safe.
  • Structured settlements give peace of mind for the future. They’re like a financial safety net.
  • The injured person can decide how they want to get their payments. They can get them monthly, like a salary, or as a lump sum for big expenses like college or retirement.
  • You don’t need to keep meeting with financial advisors. The payment plan is set during the settlement process.
  • Knowing you’ll have money coming in regularly helps you feel secure and confident in the long run.

Top 10 Structured Settlement Annuity Companies 2024

1.American General Life Insurance Company

  • Home Office: Houston, TX
  • American General Annuity Service Corporation (for Qualified Assignments)
  • AGL Assignment Company, LLC (for Non-Qualified Assignments, Funding Agreements) AGC Life Ins. Co. (Guarantor)

2. Berkshire Hathaway Life Insurance Company of Nebraska

  • Home Office: Omaha, NE
  • First Berkshire Hathaway Life Insurance Company (for NY settlements only)
  • Home Office: Flushing, NY
  • National Indemnity Company (Reinsurance and Dual Guarantor when BHLN premium >$3M)
  • Home Office: Omaha, NE
  • BHG Structured Settlements, Inc.
  • Columbia Insurance Company (Guarantor)
  • Home Office: Omaha, NE

3. Independent Life Insurance Company (Non-NY business only)

  • Home Office: Fort Worth, TX Service Center: Jacksonville. FL
  • Independent Assignment Company
  • Dominion Assignment Company (Swizerland) SPC Limited [iStructure funded cases] Independent Life Insurance Company (Guarantor)
  • See bullet point below for Independent Life’s NAIC Tier 1 ratings information

4. Metropolitan Life Insurance Company (MLIC)

  • Home Office: New York, NY
  • MetLife Tower Resources Group, Inc. (MTRG)
  • Metropolitan Life Insurance Company (MLIC) (Guarantor, assigned cases) Metropolitan TowerLife Insurance Company (MTLIC)
  • Home Office: Lincoln, NB
  • MetLife Assignment Company Inc., (MACI)
  • Metropolitan Tower Life Insurance Company (MTLIC) (Guarantor, Assigned cases to MACI)

5. New York Life lnsurance Company

  • Home Office: New York, NY
  • New York Life Insurance and Annuity Corporation
  • New York Life Insurance Company (Guarantor)

6. Pacific Life Insurance Company

  • Home Office: Newport Beach, CA
  • Pacific Life & Annuity Company (NY structured settlements/structured judgements)
  • Home Office: Newport Beach, CA
  • Pacific Life & Annuity Services Inc.
  • Pacific LifeCorp (Guarantor)

7. The Prudential Insurance Company of Amnerica

  • Home Ofice: Newark, NJ
  • Prudential Assigned Settlement Services Corporation
  • The Prudential Insurance Company of America (Guarantor)

8. United of Omaha Life Insurance Company

  • Home Office: Omaha, NE
  • Mutual of Omaha Structured Settlement Comp any
  • United of Omaha Life Insurance Company (Guarantorn)

9. United States Life Insurance Company in the City of New York

  • Home Office: New York, NY
  • American General Annuity Service Corporation (for Qualified Assignments) AGL Assignment Company, LLC (for Non-Qualified Assignments)
  • AGC Life Insurance Company (Guarantor)

10.USAA Life Insurance Company

  • Home Office: San Antonio, TX
  • USAA Annuity Service Corporation
  • USAA Life Insurance Company (Guarantor)

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