by John Darer® CLU ChFC CSSC RSP
With the announcement by Prudential that it has suspended new business via its Pruco non qualified assignment facility, the non qualified structured settlement market now includes:
Allstate International Assignments, Ltd., which funds assigned obligations through Allstate Life Insurance Company and Allstate Life Insurance Company of New York.
Barco Assignments, Ltd., which funds assigned obligations through Liberty Life Assurance Company of Boston. With "The Rock" now having "left the room" perhaps some will remember that Barco was the first comprehensive non qualified assignment company.
It is worth the reminder that litigation annuities from companies other than the above may possibly be used in such cases where the paying entity is willing to retain the annuities as an asset on the entity balance sheet. A requirement that the annuity be part of the resolution of of litigation is generally a prerequisite in such cases.