A rated age is a age adjusted life expectancy used to calculate the cost of a structured settlement annuity. A substandard age rating can help make a structured settlement possible.

“Structured settlements allow people who have suffered serious injuries to focus on what’s most important: putting your life back together. They are an innovative way to dissolve disputes that provide tax-free financial security, dignity and peace-of-mind for injury victims and wrongful death survivors.”

Richard Durbin,
Assistant Senate Majority Leader (Illinois)

Federal Law & the Benefits of Structured Settlements

Substandard Age Ratings

A “substandard age rating” or “rated age” is a life expectancy adjusted age used to calculate the cost of a structured settlement annuity. If the injured party suffers from a medical condition (related or unrelated to the accident involved in the claim) that reduces life expectancy, then the annuity issuer may issue an age adjustment to the claimant. A substandard age rating can provide significantly greater benefits at lower costs compared to a premium for a standard/normal life for the same benefit stream.

Click here to view a case study that illustrates how a rated age can help make a structured settlement possible and provide increased benefits at lower costs.

For more information on Substandard Age Ratings or to see if your situation is likely to yield an age adjustment, click here to contact us.

DISCLOSURE STATEMENT: Information contained herein is not intended or written to be used, and cannot be used, as legal advice or for the purpose of avoiding any tax penalties. This website is written to be educational in nature and support the promotion or marketing of the transactions or matters discussed. Please consult with an attorney or independent tax advisor as to how any of this information may apply to your specific circumstance.