St. Joseph County Board of Commissioners Agenda 2026-05-19
County funds New York Life annuity for settlement
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Description
Under a settlement of the William Anderson estate lawsuit, St. Joseph County will assign its periodic payment obligations to New York Life Insurance and Annuity Corporation by funding a $250,000.00 annuity. The annuity will provide scheduled payments to beneficiary Cayden A. Anderson from 2038 through 2055.
Contract Details
Contract Amount
$250,000.00 to fund periodic payments
Vendor
NEW YORK LIFE INSURANCE & ANNUITY CORPORATION
Agency
St. Joseph County, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Periodic payments scheduled from April 26, 2038 through April 26, 2055 under structured settlement
Renewal Date
2055-04-26
Renewal Info
One-time qualified assignment to fund long-term periodic payments; no renewal provisions, annuity payments are guaranteed through specified future dates.
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