New York Life Structured Settlements, a subsidiary of New York Life Insurance Company, is a financial services company that pays claimants according to the terms of their structured settlement agreements. Structured settlement annuities provide future payments on behalf of defendants or their insurers in personal injury, wrongful death, and workers’ compensation cases. Claimants and their lawyers may agree to payments over time to help claimants manage their money or support their needs over a long period of time.
Are Structured Annuity Payments Taxable?
No, structured settlement payments that are based on physical injury, wrongful death, and worker’s compensation are not normally taxable. The tax status of a particular settlement annuity may be found in the annuity contract or confirmed by contacting a New York Life staff member.
Can You Sell Your New York Life Structured Settlement?
Yes, you can sell rights to your New York Life structured settlement annuity payments. Selling payments will result in the rights holder receiving less money than that contracted payment amount because of factors like the time value of money, transaction fees, and profit margin.
Contact us if you’d like a free quote for some or all of your payment rights by completing the form that appears on this page or calling us at (877) 547-3672.
Who Are New York Life’s Structured Settlement Competitors?
New York Life Contact Information
Website: https://www.newyorklife.com/structured-settlements
New York Life Structured Settlements
phone: (855) 469-5772
email: SSInfo@newyorklife.com