by John Darer CLU ChFC CSSC RSP CLTC
Structured settlement annuities are issued by some of the oldest and largest life insurance companies in the United States. Many companies that issue these annuities are also among the biggest issuers of life insurance. The following shows where these current and former issuers rank in the top 25 total life business issued in 2013 (as measured by A.M.Best in its September 2014 issue).
Metropolitan Life 1
Prudential of America Group 3
New York Life Group 6
*AETNA Life Group 11
*Aegon Group 14
*Voya Financial Group (formerly ING) 16
AIG Life Group 18
*Hartford Life Group 19
*Mass Mutual 20
Mutual of Omaha Group 21
* former issuer of structured settlement annuities.
Other leading structured settlement annuity issuers, such as Berkshire Hathaway Life of Nebraska, First Berkshhire Life, Pacific Life Insurance Company and Liberty Life Assurance Company of Boston are part of large insurance groups.