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January 27, 2011

Barco Assignments, Ltd., Non Qualified Assignment Company | A Financial Commitment From Liberty Life!

BARCO LIberty Non Qualified Assignment
Barco has a financial commitment from Liberty Life Assurance Company of Boston. Liberty Life is guaranteed by Liberty Mutual Insurance Company

 by John Darer® CLU ChFC MSSC RSP CLTC

BARCO Assignments Ltd,  an annuity funded non qualified assignment program, has now improved following an announcement that Liberty Life Assurance Company of Boston will issue a Notice of Financial Commitment (in the sample form hyperlinked below), where Barco Assignments, Ltd ("Barco") has entered into a non qualified assignment agreement to assume the periodic payment obligations with claimants.

A non qualified assignment is a structured settlement solution for settlements involving taxable damages, or partially involving taxable damages. It is sometimes referred to as a non qualified structured settlement.  For the payee of a non qualified assignment the goal is tax deferral and stable,s secure guaranteed income.

Barco Assignments, Ltd. is an International Business Corporation and non qualified assignment company domiciled in Barbados. A favorable tax treaty between Barbados and the United States coupled with the tax inefficiency of corporate ownership of annuities on US soil makes Barbados entity one of the domiciles of choice.

The above diagram graphically illustrates the interplay between the various companies that contribute to the high level of financial security for payees under the Barco Assignments Ltd/Liberty Life Assurance Company of Boston/Liberty Mutual non qualified assignment program.

The notice is in the form of a "keep well" agreement. Quoting from the notice**...

"Liberty Life will ensure that Barco has the minimum amount of net assets required to conduct business under Barbados law, and if at any time Barco has insufficient funds to make any required payment under the terms of any obligation it has to a creditor, Liberty Life will contribute to Barco the funds Barco needs in order to meet its payment obligations".

Moreover, in the event that Liberty Life Assurance Company of Boston decides to terminate the financial commitment, it states that it will satisfy those obligations that predated the termination of the commitment.

The obligatons of Liberty Life Assurance Company of Boston are backed by Liberty Mutual Insurance Company. Liberty Mutual Insurance Company, founded in 1912, is the 5th largest P&C insurance company in the United States and a dominant workers compensation insurer in the USA. At the end of the 3rd quarter of 2010 it had $65B in assets.

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Posted at 03:34 PM in Albany New York Structured Settlements, Barco Assignments, Ltd., Boca Raton Florida Structured Settlements, Bowling Green Kentucky Structured Settlements, Bronx New York Structured Settlements, Brooklyn New York Structured Settlements, Buffalo New York Structured Settlements, Chicago Illinois Structured Settlements, Connecticut Settlement Planning, Detroit Michigan Structured Settlements, Hartford CT Structured Settlements, Lexington KY Structured Settlements, Liberty Mutual, Long Island NY Structured Settlements, Los Angeles CA Structured Settlements, Louisville Kentucky Structured Settlements, Maryland Structured Settlements, Missouri Structured Settlements, NC Structured Settlements, New Jersey Structured Settlements, New Orleans Louisiana Structured Settlements, New York City Structured Settlements, New York Settlement Planning, New York Structured Settlements, Newark NJ Structured Settlements, Newburgh Structured Settlements, News About Structured Settlements, NH structured settlements, NJ Structured Settlements, Non Qualified Assignments, Non Qualified Structured Settlements, NYC Structured Settlements, Orange County Structured Settlements, Orlando Florida Structured Settlements, Palm Beach Structured Settlements, Philadelphia PA Structured Settlements, Rhode Island Structured Settlements, Rochester Structured Settlements, Sacramento Structured Settlements, San Francisco Structured Settlements, Santa Monica Structured Settlements, Sarasota Structured Settlements, Settlements in Queens County New York, Structured Settlement Industry News, Structured Settlements, VA Structured Settlements, Washington Structured Settlements, West Virginia Structured Settlements, White Plains Structured Settlements, WV Structured Settlements |

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Qualified Settlement Funds

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