A Financial Transitionist® is a professional with an established career in the financial services industry *who recognizes the importance and the power of the personal side of money and the unique challenges of transitions. Financial Transitionists® have a rich and comprehensive understanding of how people subjectively experience change, and are able to co-create their highest outcomes with them.
Financial Transitionists® bring process and tools to their client relationships that are not add-ons. Instead, they are intrinsic to the experience of guiding someone through a transition. Their work is embodied; it’s equal parts what they’re doing and how they’re doing it. And it requires a different kind of listening, a letting go of the seat of authority, and an ability to sit with and through uncertainty. It’s not for the average person and it’s not easy work, but it’s the most rewarding work all of us involved have ever done.
John Darer is one of two settlement experts who have earned the Certified Financial Transitionist designation.
Independent Life Insurance Company, is a new structured settlement annuity issuer domiciled in Austin, Texas and is exclusively focused on providing annuities for the structured settlement market. As a newly formed and capitalized life insurance company, 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 is domiciled in Texas 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.
Many sexual harassment settlements will be taxable, or have taxable elements. After paying attorney fees and applicable federal state and local income taxes, it could leave a third or less to the victim depending on their attorney's contingency fee agreement.
Sexual Harassment Damages | How to Mitigate the Tax
For those with taxable damages, or with an element of taxable damages a non qualified structured settlement
offers significant advantages.
If personal physical injury is an element of damages and qualifies within the meaning of IRC 104(a)(2), then that portion of the damages will be tax exempt. Please review our taxable equivalent yield chart
to see the value of the structured settlement tax benefit.
A structured settlement is a negotiated stream or streams of period payments in exchange for a release of liability that are customized to meet a particular claimant's needs. Most structured settlement in sexual harassment or other employment related settlements are funded with a structured settlement annuity or a trust fund that holds United States Treasury obligations.