Prudential Financial announced a new partnership with Pruco Assignment Corporation for non qualified assignments late Friday April 28, 2006. Full details will be available in the next week and they will be posted here on Structured Settlements 4Real. Pruco Assignment Corporation will be a new facility for assignments in non qualified cases such as structured attorney fees, structured property settlements, structured punitive damages, structured interest, structured employment and environmental cases, structured policy buyouts, securing divorce payments and perhaps Pruco Assignment Corporation will even provide an additional facility for structured installment sales.
There are now 3 facilities for non-qualified assignments . In addition to Pruco Assignment Corporation, Allstate Life Insurance Company, Allstate Life Insurance Company of New York and Liberty Life Assurance of Boston offer non-qualified assignments through NABCO Assignments, Ltd. (Allstate program) and BARCO Assignments, Ltd. (Liberty program), respectively. Moreover, I understand that further structured settlement annuity issuing market or markets expect to come on line with a program for non-qualified assignments before the end of 2006.
The benefits provided by products and services offered through these facilities for non qualified assignments can only be obtained through appropriately licensed insurance producers appointed by the relevant annuity or funding agreement issuers in these programs. Therefore it is recommended that you consult someone who is appropriately insurance licensed and appointed for the required information.
Leave a Reply