Non-qualified structured settlements are specifically designed for non-physical injury claims, such as employment disputes involving wrongful termination or discrimination. While the proceeds are taxed upon receipt (unlike personal injury structures), they offer advantages for all parties involved.
Benefits For Claimants
MetLife polled employment plaintiff attorneys who were familiar with structured settlements. Of those polled, 96 percent say they recommend them to their clients. The primary reasons are:
- Provide claimants with guaranteed, tax-efficient payments
- Allow clients to receive some immediate cash
- Ensure claimants won’t deplete their settlement too fast
- Increase the value of the settlement
Benefits For Defendants
Creating a non-qualified structure for a claimant also benefits defendants. These structures can speed up the settlement process. Plus, the responsibility of making periodic payments to the claimant transfers from the defendant to an assignment company. The assignment company (typically a life insurer) also assumes the investment risk.
Visit this link for more on MetLife’s Non-Qualified Assignment structures.
Call or contact me with questions about non-qualified structured settlement annuities to see if one might be right for your case.
Pat Farber
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