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.
USAA Life Insurance Company, an A++ rated insurance company, issues structured settlement annuities with 1%, 2% and 3% COLAs. USAA Life structured settlements are exceptionally compatitive on lifetime benefit payments with long duration certain periods for ages under 35.
Owners of highly appreciated NY businesses or NY real estate may benefit from a structured installment sale tax deferral program as an alternative to a 1031 exchange. MetLife's structured installment sale program is now available in NY and in all 50 states. Call 888-325-8640 for more info
A qualified assignment is part of the process to establish a structured settlement that enables a Defendant, Insurer, or Qualified Settlement Fund, to achieve a complete novation of the future periodic payment claim established by suit or agreement, through a substitution of obligors.
An annuity and a structured settlement walked into a bar, how do you tell them apart? 4structures' John Darer reviews the differences for you right here.
A lifetime structured settlement annuity turns part of your settlement recovery into guaranteed income you can’t outlive that is contractually guaranteed by a regulated life insurance company. A lifetime annuity is sometimes referred to as longevity insurance.
Structured settlement annuities can be very helpful to the budgeting process by providing guaranteed income streams and deferred lump sum payments tailored to specific budget needs and time frames identified in the settlement planning process.
Structured settlement receivables are often deceptfully marketed to investors as annuities. When the originating structured settlement factoring company buys structured settlement payments in a structured settlement factoring transaction, they are buying a receivable not an annuity.
Avoid constructive receipt if a structured settllement or structured attorney fee is to be established. Care must be taken to avoid constructive receipt.
Financial services provider USAA ranks 94th on Fortune 500. USAA Life Insurance Company, which earns the top rating of A++ from AMBest is often super competitive on longer term payment streams.
John Darer reviews Prudential Income Advantage structured settlement annuity, which provides indexed structured settlement annuity option with the potential to grow personal injury settlement funds while offering protection from market declines. 2 IRS Private Letter Rulings!
