USAA Structured Settlements
USAA Life Insurance Company is a San Antonio, TX, and Highland Falls, NY-based financial services company that pays claimants according to the terms of their structured settlement annuities. Structured 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 annuity may be found in the annuity contract or confirmed by contacting a USAA team member.
Can You Sell Your USAA Structured Settlement?
Yes, you can sell rights to your USAA structured settlement annuity payments. Technically you sell payment rights because the process assigns a new payee rather than handing over an asset like a painting.
Who Are USAA’s Structured Settlement Competitors?
USAA Life Insurance Contact Information
USAA Life Insurance Company
9800 Fredericksburg Road
San Antonio, TX 78288
USAA Life Insurance Company of New York
529 Main St.
Highland Falls, NY 10928
Phone: (210) 531-8722