From Settlement to Security

Three ways to structure a settlement.

Puritan Life provides structured settlement annuities for a wide range of claim types and asset transactions. From physical injury claims resolved tax-free under Section 104, to employment, civil, and commercial disputes where tax deferral provides long-term value, to capital asset sales structured for installment gain recognition under Section 453, we have a product designed to fit.

Qualified Structured Settlement

A Qualified Structured Settlement provides income tax-free periodic payments to recipients of physical injury or sickness settlements, under Section 104 of the Internal Revenue Code. Payments are structured over time to support long-term financial security, and are commonly used in personal injury, medical malpractice, wrongful death, and workers compensation cases.

Non-Qualified Structured Settlement

A Non-Qualified Structured Settlement is a customizable payment plan applicable to a wide range of settlements, including employment, contract, civil, and specialty disputes. Rather than receiving a lump sum, payments are scheduled over time, creating a steady income stream tailored to your financial needs. Because taxes are only owed as payments are received, you avoid a single large tax event and retain more control over when and how income is recognized, making it a flexible tool for long-term financial planning.

Structured Installment Sale

A Structured Installment Sale allows sellers of real property or capital assets to defer capital gains recognition by receiving payments over time rather than a single lump sum, under IRC Section 453. Instead of triggering the full tax liability at closing, gains are recognized as each payment is received, making it a practical option for real estate investors, business owners, and those managing estate transitions who want more control over their tax exposure.

Structured Settlements Benefits

Guaranteed, Tax Advantaged Payments

Qualified Settlement payments are generally received income tax-free under IRS Section 104. All other structures spread payments over time, so taxes are only owed as income is received rather than all at once.

Customizable Payment Schedules

Payments can be structured to match specific needs and circumstances. We offer level income, option to include inflation adjustments, deferred start dates, and period certain terms from 2 to 99 years.

No Ongoing Management Costs

There are zero ongoing costs for administration or management, so your payment schedule stays intact without fees eating into what you receive.

Busting Structured Settlements 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 equal monthly income payments that function like a paycheck.

Typical Case Types

Personal injury & product liability

Auto, premises, and general liability
Product liability cases involving physical injury
Catastrophic and traumatic injury claims

Medical malpractice

Misdiagnosis and surgical errors
Birth injury claims
Hospital and provider negligence

Wrongful death

Income replacement for surviving spouses
Long-term support for minor children
Estate-directed payment streams

Workers' compensation

Permanent disability settlements
Lifetime medical benefit funding
Compromise and release agreements

Trusts

Special needs trusts
Qualified settlement fund trusts
MSA trusts
Settlement preservation trusts

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.

All annuity policies are issued by Puritan Life Insurance Company of America ("Puritan Life") (NAIC #71390), domiciled in Arizona and headquartered in Scottsdale. A.M. Best assigns ratings from A++ to S based on a company's financial strength and ability to meet obligations to contract holders. Puritan Life has received a B++ (Good) financial strength rating, the 5th highest of 16 ratings, originally issued 3/1/2018 and reaffirmed 2/20/2026.
Products and features may vary by state and are not available in all states, including New York. Puritan Life is licensed in 45 states and the District of Columbia. All quotes are non-binding and do not guarantee insurability. Neither Puritan Life nor any of its representatives provide legal, tax, or financial advice. Please consult appropriate professionals for advice specific to your situation. The information provided is intended for use by the general public and is not individualized to address any specific investment objective.
For questions about insurance products and their features, please reach out to a Financial Professional. Financial Professionals may be paid a commission on the sale of an annuity. Annuities are insurance products. Not FDIC/NCUSIF Insured • Not a Bank Deposit • Not Insured by Any Government Agency Rates are subject to change. Using qualified funds to purchase an annuity does not provide additional tax deferral.

The Puritan Structured Settlement is an individual single purchase payment annuity, form number ICC26-PLICA-SPIA-SS.
Information is not legal or tax advice. Buyers and Sellers will need to consult with an attorney or tax advisor on whether an installment sale is right for them and how to best structure each sale. The contract has no cash surrender value and annuity benefits may not be commuted.