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Our solution, the Non-Qualified Assignment (NQA), is designed to help claimants keep more of their settlement by receiving the income in multiple payments and deferring their taxes over time. This solution is for cases that fall outside of personal physical injury claims and litigation as defined under IRC Section 104(a)(2) and are not eligible for an IRC Section 130 qualified assignment. Our NQA is the first product of its kind to use a U.S. based assignment company, and is provided by Metropolitan Tower Life Insurance Company (MTL), a wholly-owned operating subsidiary of MetLife, Inc.1
The vast majority (96%) of employment plaintiff attorneys who are familiar with structured settlements recommend them to their clients.2 Our 2023 poll highlighted some of the key reasons why attorneys recommend structured settlements to claimants.
Provides claimants with guaranteed, tax-efficient payments
Allows claimants to receive some immediate cash
Ensures claimants won’t deplete their settlement too fast
Increases value of the settlement
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MetLife's 2023 Structured Settlements Poll surveyed employment plaintiff attorneys to better understand their familiarity with structured settlements for wrongful termination, discrimination, harassment and other employment matters.
Our solution is tailored to meet the claimants needs and our service makes it easy for you to do business.
Work with a dedicated team of industry specialists, all with strong experience in navigating changing market conditions.
We are committed to the structured settlement market and consistently rated highly by major rating agencies for financial strength.1
When you partner with us, you are choosing a leader who will be with you every step of the way and can provide claimants with a steady and reliable income stream — both now and in the future.
1 The Non-Qualified Assignment Annuity is offered through Metropolitan Tower Life Insurance Company (Met Tower Life). Met Tower Life is a wholly-owned operating subsidiary of MetLife, Inc. ("MetLife"). Met Tower Life will be the annuity issuer and the assignment company will be MetLife Assignment Company, Inc. (MACI). The obligations of MACI will be guaranteed by Met Tower Life under an Evidence of Guarantee. For current ratings information and a more complete analysis of the financial strength of Met Tower Life, please go to www.metlife.com and click on “About Us” and then click on “Company Ratings”.
2 Refer to 2023 Structured Settlements Poll
All guarantees are subject to the financial strength and claims-paying ability of Metropolitan Tower Life Insurance Company.
Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. Met Tower Life, 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.
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.