Role of a Structured Settlement

Amica's structured settlements are written by Amica Life Insurance Company, a class VIII company. Each Amica Life structured settlement provides a payment stream that is tax-free and the benefits are guaranteed by Amica Mutual Insurance Company, a class XIV company.

Most settlement plans where lump sum cash was chosen, become the obligation of the inexperienced injury victim, and may contain stocks and bonds, real estate, savings accounts and other taxable options that simply cannot match the unique tax-favored status, survivorship rights and security provided by an Amica structured settlement.

Of course, the best feature of all is that the structured settlement can be designed for tax-free payments for life! And, by adding a guaranteed period, the remainder of the guaranteed period payments will continue to be made upon the annuitant's death to the beneficiary in the same payout format.

Unique Benefits of an Amica Life Structured Settlement

Because of their unique status under the law, an Amica structured settlement pays income that is completely tax-free. Benefits are guaranteed by our parent company, Amica Mutual Insurance Company for maximum safety and security. As a comparison to other settlement plans, the Amica structured settlement provides overwhelming value as a settlement option for the injury victim. In addition our structured settlement:

• Promotes settlement of the claim and maximizes settlement dollars
• Matches benefits with residual future anticipated medical expenses
• Provides a settlement preservation vehicle, and not an investment vehicle, so there is no investment risk
• Provides a competitive rate of return
• Offers unparalleled security because it is backed by two highly-rated and financially secure insurance companies
• Contains no added costs or investment fund management fees
• Protects lifetime benefits, and rights of survivorship are available
• Means each annuitant becomes an Amica customer and is entitled to individualized attention as part of our award winning customer service