In what is the first good news on the life company side in almost a decade, it was disclosed earlier today in the NSSTA membership email that Mutual of Omaha has in fact decided to begin underwriting structured settlements.
Mutual of Omaha, long known to us baby boomers as “The Wild Kingdom” company as they were the long time sponsors of that show, enjoys excellent financial ratings of A+ with A.M. Best, Aa3 with Moodys and AA- with Standard and Poors.
As it has been over a decade since we had a new life market decide to ramp up a division to enter the structured settlement profession, this can only be good news to brokers, structured settlement experts and others looking for more funding choices, competition in pricing and markets to place structured settlements.
I am sure we will hear more later on this but considering our incredible shrinkage over the last decade to just nine funding companies, this is a nice shot in the arm.
Now if only we could bring Marlin Perkin’s back along with Jim….