Pacific Life Financial Strength Ratings Upgrade by Moodys
John Darer • July 22, 2021
Structured Settlement Company in Aa3 Upgrade
Whale watchers, that sure is one happy whale! In "breaching news", Moodys has upgraded the financial strength ratings of Pacific Life Insurance Company and Pacific Life & Annuity Company to Aa3 from A1. The upgrade is effective July 21, 2021. The Moody's rating bears an outlook of Stable. This is excellent news for the Pacific Life companies, which are among the leading underwriters of structured settlement annuities.
According to Moody's positive Rating's Action " Pacific Life and its insurance subsidiaries' ratings have been up[graded to reflect the company's strong market position, excellent statutory capitalization, ongoing risk management actions and a commitment to its mutual philosophy (i..e focus on policyholder value). Moody's also points to Pacific Life's company level risk based capital ratio (CAL RBC) of 635% as of year end 2020.
Pacific Life Insurance Company underwrites structured settlement annuities in all states except New York, where structured settlement annuities are underwritten by Pacific Life & Annuity Company. Pacific Life offers 6 month lock-in fee free lock-ins for structured settlements.
In the structured settlement annuity industry, dominated by many of the largest life insurers in the United States, Independent Life Insurance Company (ILIC) achieved significant milestones in 2024. Good news, positives and some concerns discussed in this lattest post.
Prudential and Pacific Life have once again been named among the world's most ethical companies. Prudential received the award for the 11th time., Pacific Life received the award for the 8th time. Prudential and Pacific Life are leading issuers of structured settlement annuities.
John Darer reviews structured settlement annuity market expansion featuring 3 new entrants Athene Life & Annuity, American National (ANICO) and Puritan Life as well as MetLife's development of a best in class
What is a Settlement Agreement and Release? What is the role of a Settlement Agreement and Release in establishing a structured settlement? What is a compromise?
John Darer reviews the primary structured settlement market, secindary market and tertiary structured settlement markets
A structured settlement annuity does not drive the tax consequences of structured settlement annuity payments. It is the type of damages the structured settlement annuity payments represent, as reflected in the relevant settlement documentation executed by the settling parties
Structured settlement beneficiary death claim. An executor cannot change the beneficiary of a structured settlement annuity. StructuredTypically, settlement agreements permit the Payee to name or change a beneficiary, provided such change is in writing and submitted to the Assigmment Company or annuity issuer in writing and in proper form.
Which life insurance companies write structured settlement annuities for personal injury and wrrongful death settlements in Bronx, Brooklyn, Staten Island, Queens, Manhattan, Long Island, Westchester, Erie, Rockland, Albany,Monroe in 2025 through licensed representatives?
Why Structured Settlements? Because Certain Sells® Structured settlements offer predictable income streams, which can be appealing to rein in uncertainty. John Darer reviews some other reasons that structured settlements are increasingly being used to settle cases:
Structured settlements have roots that trace back more than 100 years, from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as the core personal injury settlement planning tool it is today.
