MetLife launched the Non-Qualified Assignment Flex Agreement, or NQA-FA, on June 11 to provide more flexible settlement options for non-physical injury claims. Unlike traditional structures, this funding agreement allows for deferred payments extending beyond one year, enabling customized schedules for diverse cases like employment disputes and contract litigation. The NQA-FA grants attorneys and brokers greater control over payment timing and design for both individual and business payees, bypassing traditional regulatory restrictions by using a funding agreement rather than a standard annuity. This solution directly addresses the rising demand for adaptable settlement structures in an era of increasingly complex litigation, combining payment flexibility with MetLife's financial guarantees to support long-term financial security for those involved in legal settlements.
MetLife IncMetLife launched a new product (NQA-FA) offering flexible settlement options for non-physical injury claims.