In a June 9, 2020 reporting, S&P Global Market Intelligence published a report announcing Independent Life as the second fastest growing life insurer in the United States in 2019!
Our team would like to thank everyone who has supported our company's ambitious launch into the market. As the first life insurer solely dedicated to structured settlements, Independent Life provides competitive and innovative annuity products that enable our settlement consultants to help injured plaintiffs and their attorneys achieve better case results and planning solutions. We do this with market-leading pricing, enhanced medical underwriting, and exceptional customer service.
Excerpted from the S&P article: "Independent Life Insurance Co., which ranked No. 3 in terms of growth in first-year and single premiums and No. 2 in total direct premiums, generated significant volume of fixed, single-premium structured annuities during its first full year of operation.
A variety of challenges related to the pandemic could impact volumes in the structured settlement market beginning in the second quarter of 2020, Independent Life cautioned, citing delays in mediations and court dates. The company continues to expect an increase in its annuity considerations of between 25% and 40% in full year 2020 as activity picks up later in the summer, but that would be well short of the 442.3% and 271.6% expansions it experienced in 2019 and the first quarter of 2020."
We have assembled a team that puts our trust in each other to work hard each and every day to deliver an industry leading customer service experience for our clients and for payees. This dedication to establishing partnerships with structured settlement and settlement planning stakeholder associations that prioritize the “best interests” of personal injury victims has been a large part of our company's success as well as the continued growth of the structured settlement market.