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novation aegon structured settlements

First of all this list of customer service phone numbers for structured settlement annuity companies for your convenience, because we know how frustrating it can be chase down customer service contacts when you have just a simple task or question.d.

Do you have a structured settlement annuity and want to change a bank account for direct deposit, change a beneficiary, change an address, report a death or lost the contact information for your structured settlement broker? For the convenience of annuitants, attorneys, claimants and owners of structured settlement annuity contracts, the 4structures.com LLC compiled list includes customer service phone numbers for current and former structured settlement annuity companies and is current as of May 9, 2016.d.Please be sure to have your contract number handy when you call.d.

aegon structured settlements
aegon structured settlements

Current Structured Settlement Annuity Company/ Periodic Payment Reinsurance Company

American General Life Insurance Company 800-288-4088 ext 8006
Berkshire Hathaway Life Insurance Company of Nebraska/ First Berkshire Life Insurance company (NY/NYC cases) 402-916-3395
Liberty Life Assurance Company of Boston 800-451-7065 option 2
Metropolitan Life Insurance Company/ MetLife Insurance Company USA (formerly Met Life Insurance Company of CT) 800-427-9409
National Indemnity Company 402-916-3395
New York Life Insurance Company 855-469-5772
Pacific Life Insurance Company/ Pacific Life and Annuity Company (All cases pre 1/1/2012; NY cases after 1/1/2012) 888-728-5611
The Prudential Insurance Company of America 877-778-8118
United of Omaha Life Insurance Company 800-843-2455
United States Life Insurance Company in The City of New York 800-288-2088 ext 8006
Former Structured Settlement Annuity Company
AEGON 800-866-0002  Service website
Alexander Hamilton Life 800-458-5299
Allstate Life Insurance Company/ Allstate Life Insurance Company of New York 800-840-3870/ 877-690-4092(FAX)
American International Life Assurance Company of New York (post 2000 issue) 800-288-4088 ext 8006
American International Life Assurance Company of New York (pre-2000 issue) 866-221-0418
American Mayflower Life Insurance Company of NY 800-432-6631
Athene Annuity Life Assurance Company of New York (formerly Presidential Life Insurance) 800-926-7599
Aviva Life and Annuity Company/ Aviva Life and Annuity Company of New York 888-285-4332
Canada Life 800-879-8271
CGU Life/CGU Life of NY/ CU LIfe/ CU LIfe of NY (see Aviva Life and Annuity or NY subsidiary above)
Commonwealth Life (see AEGON)
CNA/ Continental Assurance Company (now known as Wilcac Life Insurance Company) 877-633-5217
Confederation Life (see Pacific Life & Annuity which services these contracts)
Executive Life Insurance Company of New York (contact Guaranty Association Benefits Company-GABC) 800-421-8850
Executive Life Insurance Company/ELIC (Aurora National Life Insurance Company) 800-265-2652
F&G Life Insurance Company 800-357-8734
Farmers New World 877-369-5778
Federal Home Life (see Genworth)
First Colony Life Insurance Company (see Genworth)
GE Capital Assurance/ GE Capital Life Assurance Company of New York 800-432-6631
Genworth Life/ Genworth Life of New York 800-432-6631
Hartford Life Insurance Company 800-678-2282
John Hancock Life Insurance Company (see John Hancock Life Insurance Company (U.S.A.)
John Hancock Life Insurance Company (U.S.A.)/ John Hancock Life Insurance Company of New York 866-275-5477 option 2
Massachusetts Mutual Life Insurance Company 888-549-4227
Monumental Life (see AEGON)
Manulife (see right, or John Hancock) 800-395-2364
Monarch Life Insurance Company 800-654-0050
People’s Security Life (see AEGON)
Presidential Life Insurance Company (see Athene Annuity & Life Assurance Company of New York)
SAFECO Life Insurance Company (see Symetra)
Symetra Life Insurance Company 800-796-3872
Transamerica Life (see AEGON)
Travelers Life and Annuity (see Metropolitan Life)
United Pacific Life (see Genworth)
VALIC (see American General)
Voya Financial Group/ Security Life of Denver (formerly known as ING) 800-238-6273 option 4

What If You Have Lost or Misplaced Your Structured Settlement Documents?

IMPORTANT NOTICE: If you have sold a portion of your structured settlement payment rights to a settlement purchaser (a/k/a “cash now pusher”) it is possible that the unsold part of your future structured settlement payments are being “serviced” NOT by the annuity issuing life insurance company, but by either (1) the settlement purchaser, (2) a servicing subsidiary of the settlement purchaser or (3) another company, bank of or other financial institution that provides servicing on such transactions.d.

aegon structured settlements

Structured settlement servicing is necessary primarily because some structured annuity issuing life insurance companies choose not to split annuity payments so the annuitant must transfer ALL of their structured settlement payment rights (i.e.d.even the unsold portion) to a factoring company or servicing entity.

When structured settlement payments are subject to a servicing agreement following a sale of structured settlement payments for “cash now”, you must contact the entity that is servicing your annuity payments, not the annuity issuer.d.If you have sold multiple times to different companies you may have more than one servicing company.

Investors who have acquired structured settlement payment rights in the structured settlement secondary market should be mindful to determine at the time of purchase, whether they have acquired serviced structured settlement payments and be guided accordingly.

AEGON Structured Settlements

Various structured settlement annuity issuers under the AEGON umbrella no longer write structured settlement annuities.d.Nevertheless structured settlement payees may have a need for service and AEGON has responded with a web page that includes addresses, customer service phone numbers and adobe acrobat versions of the most common customer service forms.d.Click here for a link to the AEGON novation structured settlements customer service web page.

Bravo to AEGON! Hopefully other customer oriented former structured settlement annuity issuers will follow suit.

Isn’t it frustrating is it when a seemingly simple request, such as the need for a form to change a beneficiary or the bank account for your direct deposit, is met with “dunnos”, “turf offs to other people, each seemingly not trained to respond to even basic customer service questions” and the dreaded “voice mail hell”? Your time is valuable, why waste it?

Former Structured Settlement Annuity Issuers under the AEGON Umbrella

  • Commonwealth Life
  • Monumental Life Insurance Company
  • Peoples Security Life
  • Transamerica Life Insurance Company
  • Transamerica Life Insurance Company of New York
  • Transamerica Occidental Life Insurance Company

United States Life in The City of New York: NY Structured Settlements Improvement

by John Darer® CLU ChFC CSSC RSP  CLTC

Under a new corporate guarantee for New York structured settlements announced January 17, 2012, AGC Life Insurance Company will guarantee the obligations owed to structured settlement claimants under Qualified Assignments in the State of New York entered into with American General Annuity Services Corporation (AGASC).d.AGC Life Insurance Company is a Missouri-domiciled life insurance company and an intermediate holding corporation and owner of certain major affiliated life insurance companies of AIG.

A copy of the structured settlement guarantee can be found at the following link  Download Corporate Guarantee-AGC Life Insurance Company Guarantee of AGASC-specimen

The improvement is a welcome return of American General’s New York structured settlement program to a transactional structure similar to what existed prior to the AIG purchase, when VALIC was its New York underwriting company.d.It also aligns its New York program with its structured settlement program outside of New York.d.Since the AIG acquisition of American General in 2004 and prior to this latest development, the New York program offered no guarantee of the assignment company.

Summary

aegon structured settlements
aegon structured settlements

Annuity Issuer: The United States Life Insurance Company in the City of New York (USLife).
Assignment Company: American General Annuity Service Corporation (AGASC)
Corporate Guarantor: AGC Life Insurance Company (AGC Life)

Caveat For Certain Existing Structured Settlement Annuitants

It is unclear whether or not structured settlement annuitants who took structured settlements with American International Life Assurance Company of New York (AILife) AFTER the post bailout restructuring of certain AIG insurance subsidiaries (effective July 1, 2009 as to the structured settlement annuity program), or with United States Life Insurance Company in the City of New York after the merger between it and  AILife made it the New York underwriting company, but prior to the January 17, 2012 announcement, will have the benefit of the AGC Life Insurance company guarantee.d.This author contacted an American General company executive for comment and the executive indicated that he would check into it.d.We are also interested in how funded cases that have not yet been issued (e.g.awaiting Court approval) will be treated.

With AILife structured settlements written between 2004 and 2008, the qualified assignee  was either American Home Assurance Company, or  National Union Fire Insurance Company of Pittsburgh, PA (if an AIG case where American Home Assurance Company was the Defendant’s insurer).d.Both of these entities are insurance companies, which generally cannot file for bankruptcy protection. .d.

aegon structured settlements
aegon structured settlements

In the restructuring following the AIG bailout in 2008, National Union Fire and American Home were segregated  under the Chartis umbrella.d.While structured annuities issued by AILife/USLife and American General are eligible in the Chartis structured settlement program, neither of the companies is a Chartis subsidiary.The American General structured settlements retained the AGC Life insurance Company guarantee that existed prior to the AIG acquisition in 2004, but after restructuring, from July 1, 2009, the qualfied assignment company for prospective cases using the New York licensed annuity issuer was the special purpose shell company AGASC  (not an insurance company), with no guarantee for New York.d.To be clear, during the same time period the assignee DID have a guarantee where the AGASC funded its obligations using the non-New York licensed American General Life.d.This affected July 1, 2009 to January 16, 2012 issued cases with AILife and later USLife structured settlement annuitants.d.This was seen as a negative by some, which has now been addressed, at least for new USLife structured settlement annuitants.d.

We will let readers know when we hear back on how the annuitants with July 1, 2009 to January 16, 2012 issued cases with AILife (and later USLife) structured settlement annuties will be treated.

Aegon Structured Settlements Morgan

Jim Ahern, Managing Director – Americas Structured Finance Group  Jim Baskin, CFA, CPA joined Aegon USA Investment Management, LLC (“AUIM”)  stranded cost, structured settlement, whole business, marketplace lending, and solar.d. portfolio manager of JP Morgan’s Structured Investment Vehicle, Whitepine.

The settlement made public on Tuesday … Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.d.The alleged illegal activity included the …

COUNTERPARTY PAYMENT OBLIGATIONS: The rating on the IBB revenue bonds reflects the structured nature of the prepaid energy … Citizens Gas (CG), and Transamerica Life Insurance Company (AEGON; IDR ‘AA-‘/Negative Outlook).d.WEAK LINK …

Name : Jurisdiction of Incorporation : Percent of Voting Securities Owned : Business.d. AEGON Direct Marketing Services, Inc.d.Taiwan : 100% AEGON DMS Holding B.V.

– 2nd Annual Sunshine Backed Bonds -> Speakers – IMN HomeJim Baskin, CFA, CPA joined Aegon USA Investment Management, LLC (“AUIM”) … Jim is Head of U.S.d.Structured Research where he is responsible for all structured … tobacco settlement, transportation and triple net lease-backed securitizations.Before his role at Standard & Poor’s, Xilun was a senior manager at Morgan …

They agreed to pay a total of $324 million (281 million euros), with JP Morgan covering the biggest chunk of $52 million to be followed by Deutsche Bank, Bank of America, Credit Suisse and RBS paying $50 million …

aegon structured settlements

(RSL Funding, LLC v.d.Alford (2015) 239 Cal.App.4th 741, 744; Morgan v.d.United Retail Inc.(2010) 186 Cal.App.4th 1136, 1142.) “’Structured settlements are a type of settlement designed to provide certain tax advantages.d.In a typical personal injury …

IMN’s ABS East conference, September 21-23, 2014, Miami.d.Broker dealers, lawyers, special servicers, trustees & rating agencies meet issuers & investors

AEGON Structured Settlements, Inc.d..d.Community Investments VII, LLC (0.01%); J.P.d.Morgan Chase Bank, N.A., a non-AEGON affiliate(99.99%), Investments.

The ING Group (Dutch: ING Groep) is a Dutch multinational banking and financial services  ING Bank’s settlement with OFAC is simultaneous with settlements with the US  Wholesale Banking …

Multi-million settlement by 7 big banks in interest rate rigging lawsuit – The settlement made public yesterday … Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.d.The alleged illegal activity included the …

Phone Hours 11:00 am – 3:30 pm, CST Monday through Friday Phone (800) 866- 0002.d.Fax: (888) 560-4860.d.Mail Regular and.d.Overnight Delivery AEGON …

novation structured settlements

Taxes On Settlement Money Videos If you receive proceeds from settlement of a lawsuit, … Settlements — Taxability (continued) … Tax Withholding and Estimated Tax, … But, specific portions of your settlement, such as reimbursement for lost wages, may be subject to income tax.d.Before spending your insurance settlement money,  … Tax Breaks and Home Ownership.d.… estate taxes included

CQF Client Organisations | CQF – Shell International Trading and Shipping Company Limited.d.SimplicityIT.d.Sina Corporation

ABS Vegas 2016 -> Speakers – IMN – Michael Adams is the global head of structured finance services at TMF Group.d.TMF Group is a leading, independent provider of corporate services, accounting …

Best Pre Settlement Companies Our experience in the financial industry allowed us to collaborate with some of the best companies offering pre-settlement funding.d.By referring your client to J.G.d. … Punjab govt to seek pre-qualifications from foreign companies – The chief minister further directed that advertisements should be published in foreign media for pre-qualification of companies.d.He said that

Approval is subject to the terms of the settlement documents.d.If the settlement documents do not give you this right, your change may not be approved.d.None of  …

aegon structured settlements

 

 


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