St. Joseph County Agenda 2026-05-26
County assigns structured settlement to New York Life
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Description
St. Joseph County authorized a qualified assignment to New York Life Insurance and Annuity Corporation, funded with $250,000, to provide long-term structured settlement payments to Cayden A. Anderson through 2055 as part of the Anderson wrongful death settlement. New York Life will issue an annuity and assume the County’s periodic payment obligation.
Contract Details
Contract Amount
$250,000 to fund periodic payments
Vendor
NEW YORK LIFE INSURANCE & ANNUITY CORPORATION
Agency
St. Joseph County, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
Structured payments from 04/26/2038 through 04/26/2055 per schedule
Renewal Date
2055-04-26
Renewal Info
Structured annuity obligation is fixed by schedule; no renewals or extensions are contemplated beyond the guaranteed payment dates.
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