#United States #Fort Worth #Mosaic #Independent Life #Structured Settlement

Independent Life Unveils Fixed Rate Structured Settlement Annuity

Independent Life Insurance Company, a pioneer focused on structured settlements, has made waves in the industry with the introduction of a new traditional fixed-rate annuity, powered by its innovative Mosaic system. Announced on November 19, 2025, this initiative marks a significant advancement in streamlining the lifecycle of structured settlements, making it easier for clients and stakeholders alike.

Mosaic is not just a platform; it's engineered to transform the way structured settlements are managed. Originally developed for Independent Life's cutting-edge index-linked iStructure® annuities, this comprehensive digital solution replaces outdated desktop applications and manual workflows with cloud-based automations. The system is designed to handle everything from customizable quotes and document generation to electronic payments, ultimately enhancing the policy servicing process.

George Luecke, President of Independent Group and COO of Independent Life, highlighted the importance of this launch, explaining, "This is the next major step in advancing our strategic and operational goals." The full transition to the Mosaic platform is expected to be completed by early 2026, at which point all fixed in-force contracts will also be migrated. This centralization will enable the company to operate efficiently, providing enhanced customer service and accelerating product development.

One of the standout features of the Mosaic system is its focus on user experience. Mikel Taft, Chief Business Development Officer, emphasized the need to simplify tasks for consultants and case managers, stating, "Mosaic reduces friction, simplifies workflows, and helps our partners deliver better outcomes for those we serve." The aim is to make the structured settlement process as seamless as possible for all involved parties.

The introduction of the fixed-rate structured settlement annuity aligns with Independent Life's broader vision of expanding the adoption of structured settlements within underrepresented markets. Customers, including injured parties and attorneys, will benefit from a diverse range of options tailored to meet their unique needs. Courtney Barber, Chief Sales and Marketing Officer, stated, "Offering product choice built on technology like Mosaic enables us to meet the needs of these sophisticated clients more effectively than ever before."

To bring Mosaic to fruition, Independent Life collaborated with Lifeware SA, a company known for its technological expertise. This partnership showcases Independent Life's commitment to harnessing innovation within the structured settlement space, helping to reshape perceptions of the industry.

In conclusion, the launch of the fixed-rate structured settlement annuity on the Mosaic system represents a significant milestone for Independent Life Insurance Company. With a focus on enhanced efficiency, improved user experience, and meeting the diverse needs of its clients, Independent Life is poised to make a lasting impact on the structured settlement landscape. By centering its operations around innovative technology, the company is not only improving its internal processes but also championing the needs of those it serves. For more information about Independent Life and its offerings, visit www.Independent.life.