Best Structured Settlement Annuity Companies !

When considering structured settlement annuity companies, it’s important to focus on those that have a solid reputation, strong financial ratings, and a track record of providing excellent customer service. Below is a list of some of the best structured settlement annuity providers based on their financial strength, customer reviews, and industry experience:

1. Prudential Financial

Reputation: Prudential is one of the largest and most reputable financial institutions in the U.S.
Strength: Known for its financial stability and diversified insurance offerings.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (Aa3).

2. MetLife

Reputation: MetLife has been a key player in the insurance and financial services sectors for decades.
Strength: Strong customer service and flexibility in annuity options.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (Aa3).

3. Berkshire Hathaway

Reputation: Backed by Warren Buffett’s conglomerate, Berkshire Hathaway Life Insurance Company is known for its conservative financial management.
Strength: It is a trusted name with a strong track record of honoring structured settlements.
Ratings: A.M. Best (A++), S&P (AA+).

4. Pacific Life

Reputation: Pacific Life is a well-respected company in the annuities and life insurance industries.
Strength: Offers a range of settlement annuity products and is known for financial strength and stability.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (Aa3).

5. New York Life

Reputation: One of the largest and oldest mutual life insurance companies in the U.S.
Strength: Consistent performance and top-tier financial ratings.
Ratings: A.M. Best (A++), S&P (AA+), Moody’s (Aaa).

6. Liberty Mutual

Reputation: A major player in the insurance market with a good reputation for structured settlements.
Strength: Offers personalized annuity products and strong customer support.
Ratings: A.M. Best (A), S&P (A).

7. AIG (American International Group)

Reputation: AIG has had a long-standing presence in the insurance industry and is recognized for its wide range of annuity products.
Strength: Offers customized structured settlement options.
Ratings: A.M. Best (A), S&P (A+).

8. Mutual of Omaha

Reputation: Known for reliability in both life insurance and annuity markets.
Strength: Financial stability and strong customer service.
Ratings: A.M. Best (A+), S&P (A+).

9. Symetra Life Insurance Company

Reputation: A growing name in the structured settlement space.
Strength: Symetra offers a range of structured settlement annuity products and has a solid reputation for reliability.
Ratings: A.M. Best (A), S&P (A).

10. American General Life Insurance (A subsidiary of AIG)

Reputation: Part of the larger AIG network, American General provides a variety of settlement solutions.
Strength: Strong financial backing from AIG with flexible product offerings.
Ratings: A.M. Best (A), S&P (A+).

Key Factors to Consider:

Financial Ratings: Always check the financial stability of a company using ratings from A.M. Best, S&P, and Moody’s.
Payout Options: Review the flexibility and payout structures of the annuities offered.
Customer Service: Investigate customer reviews and the ease of accessing settlement funds.
Customization: Some companies allow greater flexibility in how settlements are structured and distributed.

11. Allianz Life

Reputation: Allianz Life Insurance is a subsidiary of Allianz SE, one of the world’s largest financial services companies.
Strength: Allianz is known for offering diverse annuity products, including structured settlements, with a global footprint and financial security.
Ratings: A.M. Best (A+), S&P (AA), Moody’s (A1).

12. Genworth Financial

Reputation: Genworth Financial has a long history in the insurance and financial services industry, though it’s more recently focused on long-term care insurance.
Strength: While not as prominent in structured settlements as some others, it offers reliable settlement options.
Ratings: A.M. Best (B++), S&P (BBB), Moody’s (Ba1).

13. Minnesota Life Insurance Company (Securian Financial)

Reputation: Minnesota Life, part of Securian Financial, is a solid company with expertise in life insurance and annuities.
Strength: Offers a wide range of annuity products, including structured settlement solutions.
Ratings: A.M. Best (A+), S&P (AA), Moody’s (Aa3).

14. Hartford Financial Services Group (The Hartford)

Reputation: Hartford is well known for property and casualty insurance, but it also offers structured settlement annuities.
Strength: Strong brand name, known for its commitment to customer service and sound financial products.
Ratings: A.M. Best (A+), S&P (A+), Moody’s (A1).

15. John Hancock Life Insurance

Reputation: John Hancock, a subsidiary of Manulife Financial, has a long history in the U.S. insurance market.
Strength: John Hancock offers a variety of annuity and settlement options with a focus on strong customer support and product customization.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (A1).

16. Transamerica

Reputation: A major provider of life insurance and annuities, Transamerica is part of the Aegon group, a global insurance and financial services company.
Strength: Offers competitive structured settlement annuities backed by a strong financial foundation.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (A1).

17. Principal Financial Group

Reputation: Principal Financial Group is known for its retirement products, life insurance, and structured settlements.
Strength: Offers a broad range of financial solutions, including structured settlement annuities, with a solid reputation for stability and customer service.
Ratings: A.M. Best (A+), S&P (A+), Moody’s (A1).

18. Assurant

Reputation: Assurant is a global provider of risk management products and services, with a focus on housing and lifestyle.
Strength: They offer structured settlement annuities, often used in legal settlements, with strong financial backing.
Ratings: A.M. Best (A-), S&P (A-).

19. Lincoln Financial Group

Reputation: Lincoln Financial has a strong reputation for life insurance and annuities, including structured settlements.
Strength: Known for its innovative products and reliable customer service, Lincoln Financial is well-regarded in the structured settlement market.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (A1).

20. MassMutual

Reputation: Massachusetts Mutual Life Insurance Company (MassMutual) is one of the top mutual life insurance companies in the U.S.
Strength: Offers structured settlement options with the reliability of a company that has been in business for more than 150 years.
Ratings: A.M. Best (A++), S&P (AA+), Moody’s (Aa3).

21. Brighthouse Financial (formerly part of MetLife)

Reputation: Brighthouse Financial emerged from MetLife’s retail annuity business and continues to offer structured settlement annuities.
Strength: Focuses on simplicity and long-term solutions for settlement payments, supported by solid financial backing.
Ratings: A.M. Best (A), S&P (A+), Moody’s (A3).

Factors to Consider When Selecting a Structured Settlement Annuity Company:

Experience in Structured Settlements: Some companies have a stronger focus on this product type than others.
Product Customization: Check how flexible the company is in tailoring settlements to your needs, such as lump-sum options, lifetime payments, or inflation adjustments.
Tax and Legal Considerations: Ensure the company provides adequate advice on tax benefits, such as ensuring payments from structured settlements are tax-free.

22. Great American Life Insurance Company

Reputation: A leader in the annuities space, Great American has a strong reputation for offering flexible and reliable settlement products.
Strength: They are particularly known for competitive pricing and solid customer service.
Ratings: A.M. Best (A), S&P (A+).

23. Western & Southern Life

Reputation: Western & Southern Life is a well-established company with over a century of experience in the insurance industry.
Strength: Offers a variety of annuity and life insurance products, with an emphasis on structured settlements that provide long-term financial security.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (Aa3).

24. National Life Group

Reputation: National Life Group has a history dating back to the 1800s and is known for its broad range of insurance and annuity products.
Strength: The company offers structured settlement annuities with a strong emphasis on long-term financial security.
Ratings: A.M. Best (A), S&P (A).

25. Protective Life Insurance Company

Reputation: Protective Life is a major player in life insurance and annuities and is part of the Dai-ichi Life Insurance Group.
Strength: They offer strong customer support and a range of structured settlement annuity options tailored to individual needs.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (A1).

26. Jackson National Life Insurance Company

Reputation: Jackson National Life is known for its wide array of annuity products, including fixed, variable, and structured settlements.
Strength: Jackson has a reputation for strong financial stability and competitive pricing on its annuities.
Ratings: A.M. Best (A+), S&P (AA-), Moody’s (A1).

27. Athene Annuity & Life Assurance Company

Reputation: Athene is an emerging leader in the retirement services industry, specializing in annuities and structured settlements.
Strength: Offers competitive rates and flexible payout options for structured settlements, backed by solid financial stability.
Ratings: A.M. Best (A), S&P (A), Moody’s (A3).

28. RiverSource Life Insurance Company (An Ameriprise Financial Company)

Reputation: RiverSource is a subsidiary of Ameriprise Financial, known for a strong presence in the annuities market, including structured settlements.
Strength: Known for strong financial products with tailored settlement options, supported by Ameriprise’s robust financial expertise.
Ratings: A.M. Best (A+), S&P (AA-).

29. Fidelity & Guaranty Life (F&G)

Reputation: Fidelity & Guaranty Life has been around for over 60 years and offers a variety of life insurance and annuity products, including structured settlements.
Strength: Strong customer service and flexibility in product offerings with competitive rates.
Ratings: A.M. Best (A), S&P (A-).

30. Annuity Alliance

Reputation: Annuity Alliance is a specialized provider of annuities and structured settlements. While not as large as some competitors, they focus on customized solutions.
Strength: Known for their focus on personalized services and structured settlement products designed to meet specific client needs.
Ratings: Variable, depending on the financial institution backing the annuity.

31. Columbia Threadneedle Investments

Reputation: Part of the Ameriprise Financial family, Columbia Threadneedle is a global asset management firm that offers annuity and structured settlement solutions.
Strength: Although better known for its investment products, it offers structured settlements backed by strong financial oversight.
Ratings: A.M. Best (A+), S&P (AA-).

32. Voya Financial

Reputation: Voya Financial is a well-known provider of retirement products, life insurance, and annuities, including structured settlement solutions.
Strength: Offers a wide range of financial products with solid customer service and reliable settlement options.
Ratings: A.M. Best (A), S&P (A), Moody’s (A2).

33. Cigna Group (formerly Life Insurance Company of North America)

Reputation: Cigna, a global health services company, used to be more involved in structured settlement annuities through its subsidiary Life Insurance Company of North America (LINA).
Strength: Although primarily a health services company, Cigna has a solid reputation for handling structured settlement payments, particularly related to injury or disability claims.
Ratings: A.M. Best (A), S&P (A+), Moody’s (A2).

34. Reliance Standard Life Insurance Company

Reputation: Part of Tokio Marine Group, Reliance Standard has a long history in the insurance industry and provides structured settlement annuities.
Strength: Offers flexible structured settlement annuities with competitive rates, focusing on personalized customer service.
Ratings: A.M. Best (A+), S&P (A+).

35. Northwestern Mutual

Reputation: Northwestern Mutual is one of the largest and most established mutual life insurance companies in the U.S.
Strength: While more focused on life insurance and retirement products, Northwestern Mutual’s annuity products are considered reliable and stable.
Ratings: A.M. Best (A++), S&P (AA+), Moody’s (Aaa).

36. Forethought Life Insurance Company (Global Atlantic Financial Group)

Reputation: Forethought is a subsidiary of Global Atlantic and offers a variety of structured settlement annuities.
Strength: Known for competitive pricing and customized solutions in the settlement space.
Ratings: A.M. Best (A), S&P (A), Moody’s (A3).

Other Considerations:

When choosing a company for a structured settlement annuity, it’s important to consider the following:

Accessibility and Flexibility: How easy is it to modify or adjust your settlement plan? Some companies offer more flexibility than others.
Market Competitiveness: Look at how competitive the company’s pricing is compared to others in the market.
Customer Support: Especially important when dealing with long-term settlement payouts, companies with excellent customer service tend to provide better overall satisfaction.

These additional companies round out a more comprehensive list of options to explore when selecting a structured settlement annuity provider.