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First Colony Life Insurance & Structured Settlement Issuer

First Colony life insurance is a company that issued life contingent structured settlement payment rights. They have a strong history from when they first started to issue these payments till August of 2006 when they no longer were a single entity and were purchased in a deal that we will go over and explain.

Sell First Colony Structured Settlement Payments

If you are currently receiving payments that go out over the next twenty to forty years and are looking to sell these payments in exchange for a lump sum then let us know and we will be glad to work with you on this. We can determine how much money you need now and how long it will take to get you that fast cash in your bank account. Each deal is dependent on the state in which you reside in.

The General Electric Capital Corporation in 1996 purchased First Colony Corporation for $1.8 billion dollars and at the time this was the second biggest deal ever in the life insurance industry. This had helped General Electric to expand in their reitrement, annuity, and life insruance business. At the time of the deal First Colony's public stock was lagging and this gave it a big boost with a 50% raise in it's share price.

Fast forward ten years later and Genworth Financial another large insurance player ceased their involvement in the structured settlement business. What makes this interesting is involved in this ceasure is GE Capital Assurance company has other life insurance and annuity companies under their umbrella. To name a few they are American Mayflower Life Insurance Company of New York state and you guessed it First Colony Life Insurance company.

 While they did not go out of business they did exit the structured settlement payment issuing part of their business. This can be due to market competition and the insurance companies goals to maximize a higher return on investment with riskier business decisions then the writing of structured settlements. 

Over 20 years ago in a small town called Lynchburg, Virginia First colony life was started and was the premiere company in the strucutred settlement industry. The security for all contract holders and policy holders have been safe up until now (August of 2014) but there still is a stronger demand then ever to sell these payment rights as there ever has been.

If you have any questions we are here to help you. Just let us know.