ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Litigation Blogs -> Structured Settlements 4Real

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Litigation

: Structured Settlements 4Real

No More Rated Ages From Allstate Life Insurance Company

By John Darer

ADVERTISEMENTS

Allstate Life is discontinuing medical underwriting for both qualified and non-qualified business. Allstate's decision to no longer issue rated ages is said to be due to high underwriting volumes and low placement rates.

Rated age is an important cost factor in a structured settlement which includes a lifetime annuity as one of its components. Allstate's decision affects plaintiff's of all types, attorneys who wish to structure attorney fees, structured sales with a life annuity component and other non qualified structured settlements.

The use of rated ages in MSA submissions to CMS has handicapped the underwriting departments at many structured settlement annuity issuers where they must pay medical staff for what ends up as low ROI business. Several years ago Allstate Life was the first to state that it would not take any rated age requests for workers compensation cases.

In a release to appointed brokers Allstate Life stated that contracts will be issued for cases with rated ages only if:

The request for a new rated age or the request for a renewal of an expiring rated age or the request for a second look has been received by Underwriting no later than Tuesday, March 31, 2009

Despite this development Allstate Life states that it remains committed to the structured settlement industry.

Full post as published by Structured Settlements 4Real on February 25, 2009 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

California Limited Liability Company Formation
Relevant information for starting a limited liability company in California

Medicare
Guide to government health insurance for the elderly

Stock Splits and Reverse Stock Splits
How splits can affect stock value

National Practitioner Data Bank Fact
NPDB identifies unprofessional healthcare practitioners

Lawsuits and Settlements

LINA - Cigna Life Insurance Company of North America Disability Claims
LINA Insurance alleging violations of disability insurance claims.

EquiTrust Life Insurance Company
Faces Class Action

Allstate Settles Bad-Faith Insurance Suit for $4 Million
Allstate Settles Bad-Faith Insurance Suit for $4 Million

Allstate Insurance Co.
$100,000 insurance settlement after a teenager was killed in a drunk driving accident.

Universal Underwriters Life Insurance Co.
Over $2.4 million settlement reached in automobile credit insurance dispute.

Elderly Annuities
Allianz Life Insurance Co. agrees to $10 million insurance malpractice settlement.

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0022 secs (from cache 10/31/26 14:11:49)