From Settlement to Security
Non-Qualified Structured Settlements (NQSS)
A Non-Qualified Structured Settlement is a customizable payment plan for various settlements, offering scheduled payments to meet financial needs. It provides a steady income stream, allowing flexibility and tax benefits. NQSSs are ideal for managing long-term financial plans.
Non-Qualified Structured Settlements Benefits
Guaranteed, Tax Deferred Payments
Structuring payments lets you defer state and federal taxes on the income.
Beneficiary Designation
Can be customized to match your specific financial needs.
No Ongoing Management Costs
In most states, your payments are protected from creditors.
Busting NQSS Myths
Payout streams can be tailored to match your expected future income requirements.
There are many benefits to deferring income with a structured payment, including tax planning and strategically setting up income for future life events.
The timing and amount of income payments can be tailored to meet your specific needs. You may elect to receive various lump sums to cover known large expenses, or you may elect to receive equal monthly income payments that function like a paycheck.
Typical Case Types
- Environmental Claims
- Non-physical Injuries
- Punitive Damages
- Sexual Abuse
- Employment Related
- Long-term Disability
- Wrongful Incarceration
- Construction Defects
- Fraud
- Property Damages
- Breach of Contract
- Discrimination
- Breach of Confidentiality
Attorney Services
Puritan will accept stand-alone attorney fee cases. Both Attorney and Law Firm must sign Acknowledgment and Release Form.
A Case Description Form needs to be completed on each case with an accompanying quote. Puritan offers an agent portal that includes a convenient quoting tool.
Contact structuredsettlements@puritanlife.com for more information.