The Four Biggest Structured Settlement Annuity Companies in the USA
While there are plenty of structured settlement annuity companies out there, there are also plenty of misconceptions about them and what they offer consumers. In order to be sure you’re choosing the right one, it’s important to educate yourself on the five biggest structured settlement annuity companies in the USA. Here’s what you need to know about each one..
Based in Lansing, Michigan, Accident Fund has been in business since 1912. They are one of the oldest and largest workers’ compensation insurers in the country. In addition to workers’ compensation insurance, they also offer a variety of other products, including annuities. The company offers five different types of annuities for a range of needs, including fixed annual payments for life (TAP), fixed annual payments until death or age 95 (RTAP), fixed annual payments until death or age 85 (RTAP-85), guaranteed lifetime income until death with minimum monthly income guaranteed for 10 years (GLIP) and guaranteed lifetime income with minimum monthly income guaranteed for 5 years (GLIP-5).
JUA Insurance Company
JUA is one of the largest structured settlement annuity companies in the United States. They have been in business since 2006 and have over $1 billion in assets. JUA is headquartered in New York, NY and has an A.M. Best rating of A-. If you are looking for a big company with a proven track record, this may be the right fit for you.
Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, is an American mutual life insurance company based in Springfield, Massachusetts. The company was founded in 1851 and has more than five million customers. They offer a wide range of annuities to help with retirement planning, including immediate annuities for people who want to start receiving monthly payments now.
National Interstate Insurance Company
New York Life Insurance Company (five sentences): New York Life Insurance Company is one of the largest structured settlement annuity companies in the United States. They have more than $1 trillion in assets under management and are the number one insurance company on Fortune’s list of 100 best places to work for five years running.