Your Clients aren't the only ones entitled to a Structured Settlement

John Hancock offers the convenience of structuring the Plaintiff Attorney's fees for physical injury and worker's compensation cases. Fees can be structured as part of a Claimant's structure or as a stand alone payment stream.

John Hancock will place the Attorney's fee into a fixed rate of return annuity product that provides a structured payment schedule. (These guaranteed payments can begin immediately or be deferred for up to 20 years) Since John Hancock Assignment Company is the owner of the contract, the Attorney is not subject to taxation on the "inside build up" and does not have to deal with exclusion ratios based on the cost of the annuity. There is no lump sum tax impact. You pay taxes on the money only in the year you receive it. And your income may be taxed at a lower rate after retirement.

John Hancock's Attorney Fee Annuity can provide:

• A stable income stream past the age of 65 including options such as a lifetime benefit and a joint survivor benefit for a spouse.
• Substantial tax deferral advantages.
• Options to provide funds for your children's college education or pay your home or business mortgage, even help your firm prosper with guaranteed cash now and in years to come.
• The ability to schedule guaranteed payments with an annual cost of living increase of up to 6% to protect against you and your family against inflation.
• A low-risk foundation for a diversified investment portfolio.
• A death benefit allowing your beneficiary to receive any remaining guaranteed payments should you die prematurely.

What are the Requirements to Structure Attorney Fees?

• Payments to attorney must be for the convenience of the Claimant
• Rates and underwriting guidelines are the same as Plaintiff's annuity
• Attorney must sign a Hold Harmless Agreement
• Attorney must submit a W-4P form
• The following language must be included in the Settlement Agreement and Release:


"The attorney hereby waives and disclaims any and all ownership interest they may have in the Settlement Proceeds by reason of any applicable state statute or ruling. By their signature, the Plaintiff and each attorney acknowledge that the attorney fee benefit payments are being made at the direction of the Plaintiff and for the convenience of the Plaintiff."


• If assigned, all parties must enter into a Uniform Qualified Assignment and Release a Workers Compensation QAR or a Model QAR

John Hancock's Attorney Fee Annuity Program offers one of the most flexible plans including lifetime benefits, with competitive annuity rates backed by a company recognized as a financial services leader. Please take a look at our Attorney Fee Brochure.

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