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December 17, 2010

New York City Structured Settlement Annuity Companies

Which life insurance companies write structured settlement annuities in Bronx, Brooklyn, Queens, Staten Island and Manhattan,  as well the Greater New York City Metropolitan area, including Nassau, Suffolk, Westchester, Rockland and Fairfield County (CT)?

The following companies are the primary writers of structured settlement annuities for the New York City metropolitan area.

  1. Allstate Life Insurance Company of New York  Home Office: Hauppauge, NY 
  2. United States Life Insurance Company in the City of New York Home Office: New York, NY (as of 12/31/10)
  3. John Hancock Life Insurance Company  of New York Home Office: Valhalla, NY
  4. Liberty Life Assurance Company of Boston  Home Office: Boston, MA
  5. Metropolitan Life Insurance Company   Home Office: New York, NY
  6. New York Life Insurance Company Home Office: New York, NY
  7. Pacific Life and Annuity Company   Home Office: Newport Beach, CA
  8. The Prudential Insurance Company of America  Home Office: Newark, NJ

The above list of New York admitted structured settlement annuity companies apply to settlements only. Cases in Fairfield County, CT would substitute Allstate Life Insurance Company,  American General Life Insurance Company  and John Hancock Life Insurance Company (USA) for numbers 1, 2 and 3 respectively. Please note that a limited number of insurance companies underwrite structured settlements compared to other types of annuities. There are a variety of types of structured settllement payments such individual or multiple deferred or immediate payment streams, fixed percentage increases, step cash flows, deferred lump sums and more.

For New York cases that go to a structured judgment, pursuant to CPLR Article 50A or Article 50B, the following of the above annuity issuers apply:

  1. United States Life Insurance Company in the City of New York(as of 12/31/2010)
  2. Metropolitan Life Insurance Company

For more details please click here for a more comprehensive one page list of structured annuity companies, including their third party financial ratings.

Structured settlement annuities are only offered through appointed structured settlement managing general agencies by their insurance licensed employees, or through affiliated insurance licensed independent agents and brokers.

Current as of December 31, 2010

Use this free Structured Settlement quote form online or call 888-325-8640 toll-free for structured settlement quotes, structured attorney fee quotes for both annuity and non annuity funded solutions,  employment structured settlement quotes, divorce structured settlement quotes, structured sales quotes for business installment sales and real estate installment sales and periodic payments for deferred athlete and celebrity endorsement deals.

Posted at 07:43 PM in Bronx New York Structured Settlements, Brooklyn New York Structured Settlements, New York City Structured Settlements, New York Structured Settlements, NYC Structured Settlements, Staten Island Structured Settlements, Structured Annuity Company, Structured Settlement Information |

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Guide to Structured Settlements 2022

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  • Structured Settlement Annuity Company Customer Service Phone Numbers
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  • What Are Structured Settlement Annuities?
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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
  • When it comes to settlement documents it is the ultimate responsibility of the lawyers or claims adjusters who receive input concerning the structured settlement aspects of the documents to actually read the entire document, exercise independent thought and advise their clients properly
  • Be aware that financial advisors use of testimonials is prohibited or restricted
  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
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Why Take a Structured Settlement?

  • A structured settlement offers guaranteed financial security to personal injury victims, wrongful death survivors and their families. A structured settlement involves a customized stream of payments, provides long-term stable tax-free income, for a period of years or a lifetime. Unlike other income annuities. a structured settlement annuity can have multiple payment streams to address multiple needs in a single contract.

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