St. Joseph County Agenda 2026-05-26
New York Life annuity funds Anderson settlement payments
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Description
St. Joseph County’s Anderson settlement provides that New York Life Insurance Company will issue an annuity to fund periodic payments owed under the qualified assignment to New York Life Insurance and Annuity Corporation. The annuity will support guaranteed distributions to the beneficiary between 2038 and 2055.
Contract Details
Vendor
NEW YORK LIFE INSURANCE COMPANY
Agency
St. Joseph County, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
Annuity policy backing structured payments from 04/26/2038 through 04/26/2055
Renewal Date
2055-04-26
Renewal Info
Annuity is intended to fund fixed periodic payments for the life of the schedule; no renewals are anticipated.
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