Non-Qualified Structures

Not every settlement fits neatly into a qualified structured settlement category for physical injuries or workers' compensation claims. Millennium offers a resolution for disputes and claims that do not fit the standard structured settlement form, through a Non-Qualified Structured Settlement.  The non-qualified structured settlement annuity applies many of the same features of a qualified structured settlement annuity to a wide range of cases providing guaranteed and reliable payments with a competitive rate of return on a tax-deferred basis to the claimant.  In a non-qualified structure, an assignment company receives financial consideration from the original responsible party and subsequently purchases a non-qualified annuity to fund the future payment obligations.  This process was developed to eliminate the adverse financial consequences these cases previously encountered.  The assignment company owns the annuity in a manner similar to the assignment process used in qualified physical injury and workers’ compensation cases.

Non-Qualified Annuities are used in cases involving:

  • Structured Installment Sales (Business &/or Land Sales or Oil & Gas Lease Bonuses)
  • Employment Issues
    • Wrongful Termination
    • Age, Gender or Race Discrimination
    • E&O, D&O and related claims
  • Attorney Fees
  • Divorce Settlements
  • Construction Defects
  • Environmental Litigation
  • Punitive Damage Awards
  • Sexual Harassment
  • Legal Malpractice
  • Property Disputes
  • False Arrest/Imprisonment
  • Pre- & Post- August 5, 1997 Workers' Compensation Claims
  • Disability Policy Buyouts
  • Breach of Contract
  • Lottery/Contest Winners
  • Fraud Claims
  • Psychological Damage Claims

There are numerous benefits to setting up periodic payments through a non-qualified annuity.  Some of these benefits are listed below:

  • Deferral of Tax Liability
  • Receive Competitive Rates of Return
  • Customize the Timing of Payments to Meet Your Needs
  • Reduce Costs and Save Time During Negotiations

For a no-cost proposal or for more information, please Contact Us Today.

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