What NFP Structured Settlements does

NFP Structured Settlements is a U.S.-based structured settlement consulting and annuity brokerage firm founded in 1991 by brothers William S. Goodman and Michael W. Goodman. The firm designs, sources, and implements structured settlement annuity solutions primarily for personal injury plaintiffs, working through plaintiff and defense attorney referrals across more than 13 U.S. offices. It operates as a wholly owned subsidiary of NFP Corp., which became a subsidiary of Aon plc in April 2024. Core offerings include structured settlement annuities, Special Needs Trusts, Master Trusts for adults and minors, Pooled Special Needs Trusts, Settlement Protection Trusts, Structured Fees for Plaintiff Attorneys, Medicare Set-Aside (MSA) accounts, Qualified Settlement Funds (QSF), and financial planning and wealth management services. Trust administration is co-managed with sister company NDC Advisors, which holds more than $2 billion in assets under management, and annuity funding is sourced exclusively from highly rated life insurance carriers.

The firm places structured settlement annuities with A.M. Best A+-rated carriers including MetLife, Prudential, New York Life, Pacific Life, Mutual of Omaha, USAA, Athene, Corebridge Financial, and American National. Its technology stack includes a Microsoft Power Apps-based digital intake portal that standardizes attorney referrals through dedicated quote forms (Plaintiff, Erie, USAA, Central, Other). Internally, the firm uses Canopy, Westlaw, QuickBooks, and Microsoft Office to support case management, legal research, and accounting workflows. Its go-to-market is sales-led, deploying field-based certified settlement consultants (CSSC, MSSC, ChFC, CLU, JD credentials) who cultivate long-tenured (20–30+ year) relationships with plaintiff and defense attorneys across the country.

NFP Structured Settlements generates revenue through transaction commissions on annuity placements, supplemented by managed services revenue from trust administration performed in conjunction with NDC Advisors, and professional services revenue from MSA consulting, QSF arrangements, and financial planning referrals. The firm has placed more than $5 billion in cumulative annuity premiums since inception, with co-founder Michael Goodman having personally produced more than $2.5 billion in structured settlement annuities over his career. Industry positioning is reinforced by Michael Goodman's two terms as NSSTA Past President (2015 and 2021), affiliations with 14+ trial lawyer associations and the Inner Circle of Advocates, and public endorsements referenced by Suze Orman and Warren Buffett.

Name

NFP Structured Settlements

Legal name

NFP Structured Settlements, Inc.

Website

https://nfpstructures.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

NFP Structured Settlements designs and brokers structured settlement annuities and related trust services for personal injury plaintiffs and their attorneys, operating across 13+ U.S. offices as a wholly owned subsidiary of NFP Corp. (an Aon company).

Ownership category

akta.pro rank

Product category

Structured Settlement Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Insurance Funds (52519), Other Insurance Funds (525190)

SIC

Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Structured Settlement Annuities (FSAIACAJ)

Keywords

• Structured settlements
• Annuity brokerage
• Special needs trusts
• Medicare set-aside
• Settlement planning

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Structured settlement annuity placement commissions: Earned commissions when annuity contracts purchased from rated life insurance carriers fund client payment streams. Revenue scales with placement volume; firm has placed over $5 billion in annuity premiums historically, with managing partner Michael W. Goodman alone producing over $2.5 billion. One-time transactional revenue per case.
2. Trust services and administration (via NDC Advisors affiliate): Revenue from establishing and administering Special Needs Trusts, Master Trusts for Adults/Minors, Pooled Special Needs Trusts, and Settlement Protection Trusts in coordination with NFP-owned trust administrator NDC Advisors. Includes ongoing administration fees.
3. Financial planning and wealth management referrals: Referral-based revenue tied to financial planning, wealth management, Medicare Set-Aside allocations, and Qualified Settlement Funds delivered through NFP and its affiliated financial-services network.
4. Medicare Set-Aside consulting: Specialized MSA allocation analysis and structuring of annuity-funded MSAs for workers' compensation and liability settlements; professional services revenue per case.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

NFP Structured Settlements is a consulting and brokerage firm that helps personal injury claimants and their attorneys convert lump-sum settlements into guaranteed, tax-free periodic payment annuities funded by highly rated life insurance carriers. The firm pairs annuity brokerage with complementary trust services (special needs trusts, master trusts, pooled trusts, settlement protection trusts) and Medicare Set-Aside consulting to deliver holistic post-settlement planning.

Product overview

NFP Structured Settlements delivers its offering as an integrated consulting platform rather than a single software product. The core product is Structured Settlement brokerage and consulting, supported by a workflow service (the structured settlement process covering damage analysis, design, rate shopping, and documentation) and a specialized module for Structured Plaintiff Attorney Fees. Around this core sit Trust products (Special Needs & Supplemental Needs Trusts, Master Trust for Adults, Master Trust for Minors, Pooled Special Needs Trusts, and Settlement Protection Trusts, administered with partner NDC Advisors) and Additional Services (Financial Planning & Wealth Management, Medicare Set-Aside Accounts, and Qualified Settlement Funds). Together these modules provide a holistic, end-to-end settlement planning experience for plaintiffs, attorneys, and defendants, combining periodic-payment annuity structures, trust administration, and ancillary financial services under the NFP, an Aon Company umbrella.

Differentiator

Problem solved

Functional benefit

Products and services

• Structured Settlements Personalized periodic payment streams (annuities) funded by highly rated life insurance companies that deliver tax-free compensation to personal injury claimants in place of lump-sum payouts.
• Structured Settlement Annuity Brokerage Brokerage service that sources and compares structured settlement annuity quotes from highly rated (A.M. Best A or higher) life insurance companies to secure the most competitive rates for clients.
• Structured Fees for Plaintiff Attorneys Specialized service enabling plaintiff attorneys to convert contingency fees into structured periodic payment streams for tax deferral, retirement planning, overhead management, and dollar-cost averaging.
• Special Needs & Supplemental Needs Trusts Trusts that preserve Supplemental Security Income and Medicaid eligibility for individuals with disabilities while funding supplemental needs such as medical care, housing, transportation, recreation, and quality-of-life expenses, administered in partnership with NDC Advisors.
• Master Trust for Adults Cost-effective trust solution that administers lump-sum recoveries for competent adults, providing discretionary or restricted distributions for housing, transportation, medical needs, recreation, and other expenses, with optional advisor oversight.
• Master Trust for Minors Quick and economical trust product for minor beneficiaries (typically net recoveries of $100,000 and above) that avoids repeated court intervention by using a trust administrator to review distribution requests.
• Pooled Special Needs Trusts Nonprofit-managed pooled trust product for individuals with disabilities, established with separate sub-accounts per beneficiary, allowing family members, guardians, or courts to fund the trust while preserving government benefits.
• Settlement Protection Trusts Alternative funding vehicle to structured settlements that provides spendthrift protection, controlled liquidity, and flexibility for plaintiffs with uncertain or unpredictable future needs, optionally combined with annuities.
• Financial Planning & Wealth Management Financial planning and wealth management services delivered through NFP's parent-company network, providing access to trust services, special needs trusts, settlement protection trusts, and Medicare set-asides.
• Medicare Set-Aside (MSA) Accounts Service that allocates and funds future Medicare-eligible medical expenses related to a settlement injury, often through structured settlement annuities to preserve Medicare eligibility and avoid penalties.
• Qualified Settlement Funds (QSF / DSF) Service coordinating the establishment of IRC Section 468B qualified (or designated) settlement funds, providing defendants accelerated deductions and plaintiffs flexibility to allocate proceeds among cash, structures, or special needs trusts.

Quantifiable outcome

• Over $5 billion in structured settlement annuity premiums placed for the benefit of injured parties
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

25 partnerships are on record, tiered flagship, core and minor.

• NDC AdvisorsflagshipStrategic or Co-development PartnerNFP-owned trust administration company that co-designs and administers Special Needs Trusts, Supplemental Needs Trusts, Master Trusts for Adults/Minors, Pooled Special Needs Trusts, and Settlement Protection Trusts alongside NFP Structured Settlements' consulting work. Both Goodmans are founders/part-owners; over $2 billion in assets under management.
• National Care Advisors (NCA)coreImplementation/ SI/ Consulting PartnerProvides unique nurse consulting services to identify costs associated with clients' care needs and deliver personalized care management. NFP Structured Settlements guides clients to NCA for non-financial support as part of its holistic planning experience.
• McKellarcoreChannel Partner/ Reseller/ DistributorPartner structured-settlement brokerage listed on the "Our Partners" page; complements NFP Structured Settlements' consulting and annuity placement services.
• BH Structures (BHGSS)coreChannel Partner/ Reseller/ DistributorPartner structured-settlement brokerage listed on the "Our Partners" page; collaboration on cases requiring additional brokerage capacity.
• Structures (Sstructures)coreChannel Partner/ Reseller/ DistributorPartner structured-settlement firm listed on the "Our Partners" page.
• Inspire TrustcoreImplementation/ SI/ Consulting PartnerTrust services partner featured on the "Our Partners" page; supports the firm's settlement protection and special-needs trust offerings.
• AmetroscoreImplementation/ SI/ Consulting PartnerPartner firm focused on post-settlement administration (e.g., medical administration, Medicare Set-Aside management); listed on the "Our Partners" page.
• Aon plcflagshipStrategic or Co-development PartnerNFP Corp. is a subsidiary of Aon plc (since April 25, 2024). NFP Structured Settlements is a wholly owned subsidiary of NFP, an Aon Company, providing the firm with access to global insurance brokerage resources.
• NFP (NFP Corp.)flagshipStrategic or Co-development PartnerParent company of NFP Structured Settlements, Inc.; provides access to health insurance, wealth management, property casualty insurance, and trust services across NFP's owned and affiliated firms numbering "several hundred." NFP is now a subsidiary of Aon plc.
• National Structured Settlement Trade Association (NSSTA)flagshipGTM or Marketing PartnerIndustry association of which NFP Structured Settlements is an active member and whose Past President (Michael Goodman, two terms) leads from the firm; sources CSSC designations through University of Notre Dame and the University of Texas at Austin McCombs School of Business.
• American Association for Justice (AAJ)coreGTM or Marketing PartnerTrial lawyer association featured on NFP Structured Settlements' "Our Partners" page; co-founder Bill Goodman is a frequent speaker for the Inner Circle of Advocates (an AAJ-affiliated group).
• Florida Justice Association (FJA)coreGTM or Marketing PartnerPlaintiff trial lawyer association; NFP Structured Settlements is a member and frequent speaker/participant, providing referrals of Florida personal injury cases.
• Oklahoma Association for Justice (OAJ)minorGTM or Marketing PartnerPlaintiff trial lawyer association whose logo is featured on NFP Structured Settlements' "Associations for Justice" page.
• Pennsylvania Association for JusticecoreGTM or Marketing PartnerPlaintiff trial lawyer association whose logo is featured on NFP Structured Settlements' "Associations for Justice" page; the firm maintains strong Pennsylvania presence via its Pittsburgh headquarters.
• West Virginia Association for Justice (WVAJ)minorGTM or Marketing PartnerPlaintiff trial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.
• Erie County Bar Association (ECBA)minorGTM or Marketing PartnerLocal bar association featured on NFP Structured Settlements' "Associations for Justice" page; NFP maintains a dedicated Erie Quote referral portal for Erie-originated cases.
• West Penn Trial Lawyers Association (WPTLA)minorGTM or Marketing PartnerPennsylvania plaintiff trial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.
• Wyoming Trial Lawyers Association (WTLA)minorGTM or Marketing PartnerPlaintiff trial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.
• Cleveland Academy of Trial Attorneys (CATA)minorGTM or Marketing PartnerPlaintiff trial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.
• Maryland Defense Trial Lawyers Association (MDTLA)minorGTM or Marketing PartnerDefense trial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.
• Palm Beach County Justice Association (PBCJA)minorGTM or Marketing PartnerFlorida justice association featured on NFP Structured Settlements' "Associations for Justice" page; complements Boca Raton office presence.
• Chester County Bar Association (CBA)minorGTM or Marketing PartnerPennsylvania bar association featured on NFP Structured Settlements' "Associations for Justice" page.
• Broward County Trial Lawyers Association (BCTLA)minorGTM or Marketing PartnerFlorida plaintiff trial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.
• American Board of Trial Advocates — Miami Chapter (ABTA)minorGTM or Marketing PartnerTrial-advocacy organization featured on NFP Structured Settlements' "Associations for Justice" page.
• ATLACminorGTM or Marketing PartnerTrial lawyer association featured on NFP Structured Settlements' "Associations for Justice" page.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ringler Associates: Ringler Associates is widely regarded as the largest and longest-established structured settlement consulting firm in the United States, offering the same core service of designing and brokering structured settlement annuities funded by rated life insurance carriers. NFP's Pittsburgh-based founding team was built partly with Ringler alumni (e.g., Tampa's Ray Stoll was previously Ringler's Tampa managing partner), making it the most directly competitive peer in the market.
• Sage Settlement Consulting: Sage Settlement Consulting is a national plaintiff-side structured settlement consulting firm offering brokerage, MSA, and settlement planning services to plaintiff attorneys across the U.S. It competes head-to-head with NFP for plaintiff firm referrals and works with the same rated life insurance carrier panel.
• The Settlement Alliance (TSA): The Settlement Alliance is a national structured settlement consulting network providing plaintiff- and defense-side brokerage and consulting services. It competes with NFP on case acquisition from plaintiff firms and trial lawyer associations.
• Settlement Specialists: Settlement Specialists is a structured settlement consulting firm serving plaintiff attorneys nationwide, offering brokerage, MSA, and qualified settlement fund services. It is a comparable mid-market peer to NFP Structured Settlements.

Broad incumbents

• Berkshire Hathaway Specialty Insurance (Structured Settlements): Berkshire Hathaway is one of the largest direct issuers of structured settlement annuities and is referenced by Warren Buffett in NFP's marketing materials as a "leading provider of structured settlement annuities." Berkshire competes both as a funding carrier (partner-channel to NFP) and increasingly as a distribution channel via Berkshire's specialty insurance brokerage.
• MetLife Structured Settlements: MetLife is a flagship rated life insurance carrier that underwrites structured settlement annuities for NFP's clients and is featured on NFP's partner page. MetLife also runs its own direct structured settlement division, positioning it both as a partner and as an indirect competitor for institutional case flow.
• Prudential Financial (Structured Settlements): Prudential is one of the largest rated annuity providers for structured settlements in the U.S. and is a flagship partner on NFP's "Our Partners" page. Like MetLife, it both supplies NFP's annuity products and competes via its own structured settlement distribution team.
• Corebridge Financial (formerly AIG Life & Retirement): Corebridge Financial runs an Institutional Markets division that provides structured settlement annuities and is listed as a flagship partner on NFP's partner page. Corebridge is a direct descendant of AIG's structured settlement franchise where NFP COO Mike Wostoupal previously served as VP, Structured Settlements.

Emerging players

• Ametros: Ametros is a post-settlement administration company specializing in medical administration and Medicare Set-Aside management. Listed as a partner on NFP's "Our Partners" page, Ametros competes in adjacent MSA/post-settlement service lines and increasingly bundles structured settlements with its own administration offerings.

Others

• NDC Advisors: NDC Advisors is a sister/affiliated trust administration company co-founded by the Goodman brothers, with over $2 billion in assets under management, administering Special Needs Trusts, Master Trusts, Pooled Special Needs Trusts, and Settlement Protection Trusts alongside NFP Structured Settlements. While not a direct external competitor, it represents NFP's vertically integrated trust capabilities versus competing trust firms like Inspire Trust.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/nfpstructures

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NFP Structured Settlements