Five Questions to Ask About an Insurance Company
About to structure your clients settlement? Here are five questions to ask about the insurance company that will guarantee their settlement.
Review the risks of annuitants selling all or a portion of their structured settlement payments.
Search the National Structured Settlements Trade Association’s database to find a broker in your area.
1 All guarantees are subject to the financial strength and claims paying ability of the issuing MetLife company.
2 Attorneys will generally need to have a fee arrangement in place at the time of settlement which provides for the structuring of payments solely from the claimant’s settlement proceeds. Structuring of attorney fees could have important legal and tax consequences. Attorneys should consult with their own tax and legal advisors prior to agreeing to structure legal fees to determine the tax and other legal consequences. The method of tax reporting with respect to such fees is subject to change, where we deem such change to be required under the Federal tax law or IRS guidance.
Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. MetLife, its agents and representatives may not give legal, tax or accounting advice and this document should not be construed as such. You should confer with your qualified legal, tax and accounting advisors as appropriate.
Group annuity contracts can be issued by Metropolitan Life Insurance Company (MLIC), 200 Park Ave. NY, NY 10166 or Metropolitan Tower Life Insurance Company (MTL), 5601 South 59th St., Lincoln, NE 68516, two wholly owned subsidies of MetLife, Inc. ("MetLife"). Like most group annuity contracts, MetLife group annuities contain certain limitations, exclusions and terms for keeping them in force. Ask a MetLife representative for costs and complete details.