TOP STRUCTURED SETTLEMENT ANNUITY COMPANIES 2025
Structured Settlement Annuities are Only Offered Through Licensed and Appointed Structured Settlement Consultant Specialists, Structured Settlement Brokers and Settlement Planners
TOP STRUCTURED SETTLEMENT ANNUITY COMPANIES 2025
Structured Settlement Annuities Are Only Available Through Insurance Licensed, Insurer Authorized, Structured Settlement Brokers and Settlement Planners
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Structured Settlement Annuity Company/ Structured Annuity Issuer Assignment Company or Guarantor |
AM Best | S&P | Moodys |
Fitch | Minimum Premium |
Assign. Fee |
NY 50-A & 50-B |
Secured Creditor |
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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) |
A A |
XV XV |
A+ |
A2 |
A+ A+ |
$25,000 |
$0 |
No |
Yes |
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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
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A++ A+ A++ A++ |
XV VII XV XV |
AA+ N/R AA+ AA+ |
N/R Aa1 Aa1 |
N/R N/R |
$100,000 $100,000 $50,000 |
$0 $0 |
No No |
Yes Yes |
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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) Please see bullet point below for Independent Life's NAIC Tier 1 ratings information ![]() |
N/R N/R N/R |
N/R N/R N/R |
N/R N/R |
N/R |
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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 Tower Life Insurance Company (MTLIC) Home Office: Lincoln, NB MetLife Assignment Company Inc., (MACI) Metropolitan Tower Life Insurance Company (MTLIC) (Guarantor, Assigned cases to MACI) ![]() |
A+ A+ A+ A+ |
XV XV XV XV |
AA- AA- |
Aa3 Aa3 Aa3 Aa3 |
AA- AA- |
$2,000,000 $100,000 |
$750 $750 |
Yes No |
Yes Yes |
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New York Life Insurance Company
Home Office: New York, NY New York Life Insurance and Annuity Corporation New York Life Insurance Company (Guarantor) ![]() |
A++ A++ A++ |
XV XII XV |
AA+ AA+ AA+ |
Aaa Aaa Aaa |
AAA AAA AAA |
$10,000 | $750 | No | No | |||
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) |
A+ A+ |
XV XV |
AA- AA- |
Aa3 Aa3 |
AA- AA- |
$10,000 $10,000 |
$250 $250 |
No Yes |
Yes Yes |
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The Prudential Insurance Company of America
Home Office: Newark, NJ Prudential Assigned Settlement Services Corporation The Prudential Insurance Company of America (Guarantor) ![]() |
A+ A+ |
XV XV |
AA- AA- |
A1 A1 |
A+ A+ |
$20,000 | $750 |
No | Yes | |||
United of Omaha Life Insurance Company
Home Office: Omaha, NE Mutual of Omaha Structured Settlement Company United of Omaha Life Insurance Company (Guarantor) ![]() |
A+ A+ |
XV XV |
A+ A+ |
A1 A1 |
N/R N/R |
$10,000 | $500 | No | Yes | |||
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) |
A A |
XV XV |
A+ | A2 | A+ A+ |
$25,000 | $0 | Yes | Yes | |||
USAA Life Insurance Company
Home Office: San Antonio, TX USAA Annuity Service Corporation USAA Life Insurance Company (Guarantor) ![]() |
A++ |
XV |
AА+ | Aа1 | N/R |
$10,000 | $0 | No | No |
Footnotes
- Structured settlements are a specialized line of business for life insurance companies. Structured settlement annuities and/or periodic payment reinsurance are only available through licensed insurance agents appointed with structured settlement authority by the underwriting life insurance company. An appointed agent of one of the above life insurance companies without structured settlement authority would have to go through an appointed agent or structured settlement broker with structured settlement authority. You can easily verify if an agent or broker is licensed in your state by referring to the online records posted on the webistes of state department of insurance, or department of financial services.
- Beware that Structured Settlement Receivables {"factored structured settlement payment streams") that are offered by secondary market and tertiary market salespeople, including certain settlement planners, as "SMA", "SMIA" and "structured settlement investments", are not annuities. Such factored payments streams, properly defined as " structured settllement receivables", may not have statutory insolvency protections and have transactional risks not present with legitimate annuities. See the 2017 revisions to the Life & Health Guaranty Association Model Act (#520) which had been adopted by 40 states as of August 2023. The National Association of Insurance Commissioners (NAIC) does not recognize acquired structured settlement payment rights as annuities or insurance products. and may be offered by people who do not hold insurance licenses who may use the term annuity or annuities as an inducement, and/or make unauthorized use of insurer trademarked logos to mislead investors.
- An A.M. Best Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance and contract obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. "Best's Credit Ratings™ are under continuous review and subject to change and/or affirmation. Important Notice: See Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/ratings/notice."
- Financial ratings current as of the date this page was last updated. Please click on the column header for each financial rating agency to learn more about the rating process with the agency
- If you are receiving, or scheduled to receive structured annuity payments from American International Life Assurance Company of New York, and your structure was put in place prior to 7/1/2009, the assignment company would have been either American Home Assurance Company, or National Union Fire Insurance Company of Pittsburgh, PA.
- MetLife has two underwriting life insurance companies that issue structured settlement annuities, Metropolitan Life Insurance Company and Metropolitan Tower Life insurance Company (MTLIC). MLIC was the original structured settlement annuity underwriting company. MTLIC, then known as Metropolitan Insurance and Annuty Company (MIAC) was used as the qualified assignment company. Today MLIC, which was established in 1868, is available on larger cases, while MTLIC is available for the full range as well as non qualified assignments. MLIC and MTLIC use different assignment companies.
- Metropolitan Tower Life Insurance Company writes annuities to fund structured installment sales in all states except New York.
- MetLife Assignment Company, Inc. offers a domestic non-qualified assignment alternative. Payments must begin within 13 months and must be substantially equal to qualify under IRC 72(u)
- Independent Life Insurance Company began underwriting structured settlement annuities in May 2018. Independent Life became the first life insurance company to focus exclusively on the structured settlement market. Independent Life also issues annuities to fund non-qualified structured settlements, including structured installment sales and non qualified structured settlements witha deferred start date longer thanj one year.. It is rated A by Egan Jones, which is an NAIC Tier 1 rating. See
CRP Credit Rating Equivalent to SVO Designations. Indepednent Life also holds a D+ rating by Weiss Ratings. Independent Life Insurance Company is not related to Independent Life & Accident, which was acquired by American General in 1997 ( a subsidary of Corebridge Financial) and did not write structured settlement annuities.
- USAA Life Insurance Company is not admitted in New York and therefore cannot be used where there is no qualified assignment. In circumstances that do not require court approval, where the parties seek an A++ alternative and mutually agree, USAA Annuity Service Corp will take a qualified assignment from New York Defendants or Insurers of New York defendants.
- Weiss Ratings American General B, Independent Life D+, Metropolitan Life B, Metropolitan Tower Life C, New York Life A-, Pacific Life Insurance Company A- Pacific Life & Annuty Company B+, Prudential Insurance Company of America B, United of Omaha B, USAA Life B+ US Life B- as of August 2024. Weiss rates based on Capitalization, Investment Safety, Profitability, Liquidity and Stability.
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What are Structured Settlement Annuities?
Last updated on December 9, 2024
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