Non-qualified assignment | A tax efficient way of settlement of taxable damages
MetLife began offering a domestic non qualified assignment option in early 2018, through its Delaware based MetLife Assignment Company. The funding vehicle will be issued by Metropolitan Tower Life Insurance Company, currently rated A+ by A.M. Best and Aa3 Moodys. This is good news for those who prefer a domestic non qualified assignment option.
Non qualified assignments (also known as non-qualified structured settlements) are a tax efficient way of settlement of taxable damages.
MetLife offers a great solution with the only limitation is that the periodic payments must confirm to IRC 72(u), which means payments must begin with a year and be substantially equal. Other non qualified assignment options, which can be packaged together with MetLife to accommodate the financial needs of a client wants longer deferral.
Read about non qualified assignments.
