Independent Life only issues structured settlement annuities
Independent Life Insurance Company, is structured settlement annuity issuer domiciled in Fort Worth, Texas that is exclusively focused on providing annuities for the structured settlement market.
As a newly formed and capitalized life insurance company in 2017, Independent Life does not have legacy structured settlement annuities on its books with pricing out of alignment with today’s low investment environment, factors which contributed to certain companies leaving the structured settlement marketplace in the last decade. Independent Life has a service office in Jacksonville, Florida and is led by James D Atkins, and several industry veterans.
Atkins is the former CEO of Legal & General America. Prior to this position Atkins spent 25 years under the GE Financial Services umbrella (First Colony Life Insurance, GE Financial Assurance, and Genworth). During this time he acted in a variety of capacities including the roles of Chief Actuary and Capital Markets Leader. When he joined First Colony it was new in a fledgling structured settlement niche. During his tenure First Colony became one of the largest writers of structured settlement annuities. At its peak First Colony managed in excess of $10 Billion of Structured Settlement contracts.
Independent Life pledges to provide ongoing financial support through grants that support structured settlement broker and settlement planner initiatives that promote the growth of the industry for the benefit of all stakeholders.
