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Annuity Markets Offered Through Summit |
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Life
Insurance Company
Assignment Company
Guarantor
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A.M
Best |
Standard
& Poor's
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Moody's
Investor
Services |
Fitch
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FEATURES
Current and believed to be accurate as of 07/10/06
Verify independently before reliance
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Allstate
Life Insurance Co
Allstate Life Ins CO of NY
Allstate Assignment CO
Lincoln Ben Life (Reinsurance)
Non-Qualified - Allstate International Assignments,
Ltd. |
A+
15
A+ 8
A+
15
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AA
AA
AA+
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Aa2
Aa2
Aa2
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N/R
N/R
N/R
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$10,000
minimum premium; $250 assignment fee; daily rates; assigned
attorney fees thru Allstate International Assignments Ltd.;
rated ages; commutation rider at no additional cost; assignee
is shell company; corporate guarantee; assumption reinsurance
agreement thru Allstate International Assignments, Ltd., Allstate
Life of NY; non-qualified assignments of taxable and non-taxable
payments through Allstate International Assignments, Ltd.
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American
General Life Ins CO
AI Life Assurance CO of NY
American Gen Annuity Svc Corp
American Home Assurance CO |
A++ 15
A++ 9
A++ 15
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AA+
AAA
AAA |
Aa1
Aaa
AAA |
AA+
AAA
AAA
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$10,000
minimum premium; $500 assignment fee; daily rates; assigned
attorney fees, cash refund option; rated ages; simple lump sum;
AGASC is shell company with corporate guarantee for AGLIC; AHAC
is obligor for AILACNY; secured creditor status; reinsurance
indemnity agreement |
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Aviva
Life Ins CO
Aviva Life Ins CO of New York
Aviva Assignment Corp
Aviva London Assignment Corp
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A+ 9
A 6
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N/R
N/R
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N/R
N/R
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A+
A+
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(Formerly
CGU) $5,000 minimum premium; $400 assignment fee; daily rates;
cash refund option; rated ages; assignee is shell company; reinsurance
indemnity agreement; assigned attorney fees, including stand-alone;
single-claimant QSF; commutation rider available at no additional
cost; Capital Maintenance Agreement on cases assigned to Aviva
London Assignment Corp for $500 assignment fee |
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Hartford
Life Insurance CO
Hartford CEBSCO |
A+ 15 |
AA |
Aa3 |
AA |
$10,000
minimum premium; $300 policy fee under $50,000; no assignment
fee; daily rates; secured creditor status; rated ages; assigned
attorney fees; single lump sum; cash refund option; commutation
rider at no additional cost; assignee is shell company |
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John
Hancock Life Ins CO
John Hancock Assignment CO |
A++ 15 |
AA+ |
Aa3 |
AA |
$10,000
min premium (incl assignment fee); $500 assignment fee; $250
policy fee under $25,000 or amt required to bring to $25,000;
daily rates over $100,000; assignee is shell company; life company
guarantees obligations; single-claimant QSF; rated ages; stand-alone
and jt & surv atty fees; commutation rider at no add'l cost;
cash refund option; licensed in NY; approval req'd for sales
over $1 million |
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Liberty
Life Assur CO of Boston
Employers Insurance of Wausau
BARCO Assignments, Ltd.
LIBERTY MUTUAL (Guarantor of Liberty Life only) |
A
9
A 15
A 15
|
A
A+
A+ |
N/R
A2
A2 |
N/R
N/R
N/R |
No
minimum premium; $400 policy fee under $25,000; $300 assignment
fee; daily rates over $200,000; cash refund option; single lump
sum; assignee is separate life insurance company; guarantee
from P&C (different rating criteria); rated age; non-qualified
assignment of taxable and nontaxable payments accepted by BARCO |
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Metropolitan
Life Ins CO
Metropolitan Ins & Annuity CO |
A+ 15 |
AA |
Aa2 |
AA |
No
minimum premium; $1,000 policy fee under %,000, $300 under $20,000;
$750 assignment fee; daily rates over $100,000; cash refund
option; single lump sum; secured creditor status; assigned attorney
fees; offers variable annuity |
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New
York Life Ins CO
New York Life Ins & Annuity Corp |
A++ 15
A++
|
AA+
AA+ |
Aa1
Aa1 |
AAA
AAA |
$10,000
minimum premium; $750 assignment fee; daily rates over $750,000;
rated age; commutation rider; assigned attorney fees; assignee
is separate life insurance company; NYL guarantees the performance
of NYLIAC |
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Pacific
Life and Annuity CO
Pacific Life & Annuity Svcs, Inc
PACIFIC LIFECORP |
A++ 15 |
AA+ |
Aa3 |
AA+ |
$10,000
minimum premium; $250 assignment fee; $500 small case fee under
$25,000; cash refund if non-assigned; rated ages; secured creditor;
commutation riders; up to 300% J&S; NY licensed; attorney
fee assignments; assignee is shell company, guaranteed by Pacific
LifeCorp, a stock holding company |
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Prudential
Ins CO of America
Prudential Assign'd Sett Svcs Corp |
A+ 15 |
AA- |
Aa3 |
AA- |
$5,000
minimum premium; $250 assignment fee; daily rates over $250,000;
assigned attorney fees; secured creditor status; rated age;
assignee PASSCorp is shell company, guaranteed by Prudential;
approval required for sales over $1 million |
Formerly
Safeco
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SYMETRA
Life Insurance CO
SYMETRA Assigned Benefit Svc CO
SYMETRA Nat'l (Workers Comp)
SYMETRA LIFE INSURANCE CO |
A 12
A 12 |
A-
A |
A2
A1 |
A+
AA- |
(Formerly
Safeco Life) $5,000 minimum premium; $300 policy fee under
$10,000; $500 assignment fee; daily rates available; commutation
rider; single lump sum; assigned attorney fees; secured creditor
status; rated age; assignee SABSCO is shell company, guaranteed
by SYMETRA Life; nonqualified assignment to SYMETRA National
Life for pre-§ 130 workers' comp claims |
