Encouraged by the U.S. Congress since 1983, structured settlements serve as an alternative to lump sum settlements by providing a secure, long-term stream of income tax-free payments tailored to meet the future needs of policyholders and payees. While these payments are often paid over many years and perhaps even for a lifetime, the premiums for the annuities funding the payments are paid at the time of settlement.
As a result, New York Life's management team has one overriding objective: to manage for the long-term by ensuring that the right decisions are made today, so that New York Life can continue to meet its obligations tomorrow and far into the future.
New York Life Structured Settlements is a division of New York Life Insurance Company. New York Life does not offer tax, legal, or financial advice. Consult your personal advisors before making any decision.