What is a Structured Settlement Annuity?
A Structured Settlement Annuity (SSA) provides tax-free, periodic payments over a period of time, specifically designed to meet an injured party's needs. Specialized brokers facilitate the settlement process, as well as help design and negotiate the structure. Over $6 billion dollars of structured settlements are purchased annually.What are the product features?
- A stream of tax-free payments for a scheduled period of time.
- Meets the ongoing financial needs of the injured party and/or their dependents, including medical expenses and replacement income.
- Funded by a fixed income annuity backed by a large, financially strong life insurance company.
Why choose Pacific Life?
- Dedicated sales and service team to handle all inquiries.
- Customer Service requests handled promptly.
- Target 45 minute turnaround time for quotes.
- All new business paperwork is reviewed for good order within five business days of receipt.
- Rated age requests processed on average within four business hours.
Pacific Life is a member of the National Structured Settlement Trade Association
Pacific Life refers to Pacific Mutual Holding Company and its affiliates, including Pacific Life Insurance Company and Pacific Life & Annuity Company.
Pacific Life Insurance Company is license to issue life insurance and annuity products in all states except New York. Product availability and features may vary by state.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its distributors and their respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
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