Legacy Settlements

What Legacy Settlements does

Legacy Settlements Group is a Kansas City-based structured settlement consulting firm founded in 2000 and co-led by attorneys Bill Hans, JD and David Rismiller, JD, both licensed in Missouri and Kansas. The firm designs, negotiates, and installs structured settlement annuity plans for plaintiff attorneys and their personal injury, wrongful death, and workers' compensation clients, including minors, adults, families, and individuals with disabilities. Its core methodology involves breaking settlement plans into 'mini-structures' and rate-shopping across a panel of highly rated life insurance carriers (including American General, Berkshire Hathaway Life, MetLife, Prudential, USAA, and others) to maximize payout outcomes.

The company earns placement commissions from the life insurance carriers that fund the annuity contracts; services are provided to attorneys and plaintiffs at no upfront cost, and Legacy Settlements consultants attend mediations and settlement conferences as part of the negotiating team. Beyond core structured settlements, the firm offers a trust services suite — Special Needs and Supplemental Needs Trusts, Pooled Income Trusts, Medicare Set Asides, Settlement Preservation Trusts, and Qualified Settlement Funds — as well as Structured Attorney Fees, which enables plaintiff attorneys to defer contingency fee income.

The firm operates exclusively in the Midwest (principally Missouri and Kansas) with a headcount of 11–50, is privately held and founder-owned, and distributes its services through direct attorney relationships, a 'Refer a Case' online intake form, and a professional website with educational content. It has no disclosed software platform, AI capabilities, or external funding.

Name

Legacy Settlements

Legal name

Legacy Settlements Group

Website

https://legacysettlements.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Legacy Settlements Group is a Kansas City-based structured settlement consulting firm that designs and places tax-free annuity plans for plaintiff attorneys and their personal injury, wrongful death, and workers' compensation clients across Missouri and Kansas.

Ownership category

akta.pro rank

Product category

Structured Settlement Services

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Structured Settlement Annuities (FSAIACAJ)

akta.pro secondary industry

Claims Advocacy & Loss Recovery Services (FSAEADAH)

Keywords

• Structured settlement consulting
• Structured attorney fees
• Special needs trusts
• Medicare set aside
• Settlement planning services

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Structured Settlement Commission Revenue: Legacy Settlements earns commissions from life insurance companies (annuity issuers) when structured settlement annuities are placed. The firm identifies life insurance companies offering the highest rate of return for each mini-structure and assembles them into the final structured plan, earning placement commissions from the insurers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Legacy Settlements Group is a financial and legal consulting firm that designs, negotiates, and installs structured settlement annuity plans for personal injury, wrongful death, and workers' compensation claimants. The firm works directly with plaintiff attorneys and their clients to break settlement plans into "mini-structures" funded by highly rated life insurance companies, and also provides structured attorney fee deferral services and a portfolio of trust services (special needs trusts, pooled income trusts, Medicare set-asides, settlement preservation trusts, and qualified settlement funds).

Product overview

Legacy Settlements Group offers a unified suite of structured settlement financial products centered on three core offerings: Structured Settlements (triple tax-free periodic payment annuities for personal injury claimants), Structured Attorney Fees (fee deferral services for plaintiff attorneys), and Trust Services. The trust services portfolio includes Special Needs & Supplemental Needs Trusts, Pooled Income Trusts, Medicare Set Asides, Settlement Preservation Trusts, and Qualified Settlement Funds. The company acts as a consultant and broker, designing customized settlement structures in partnership with rated life insurance companies and coordinating with attorneys, trustees, and trust attorneys to meet the financial needs of injured parties, minors, individuals with disabilities, and their families.

Differentiator

Problem solved

Functional benefit

Products and services

• Structured Settlements
• Structured Attorney Fees Service allowing plaintiff attorneys to defer contingency fees through structured settlements, reducing current taxable income while securing fixed future income streams with competitive rates of return.
• Special Needs & Supplemental Needs Trusts (SNT) Trust designed to preserve eligibility for SSI and Medicaid while funding supplemental needs beyond basic food, shelter, and clothing for individuals with disabilities.
• Pooled Income Trusts Community trust containing assets of persons with disabilities, maintained by a nonprofit organization with separate accounts pooled for management purposes.
• Medicare Set Aside Allocation of settlement funds to pay Medicare-covered expenses, required when injured party is Medicare recipient or settlement exceeds $250K in workers' compensation cases.
• Settlement Preservation Trusts (SPT) Alternative periodic payment funding device providing spendthrift protection, liquidity, and flexibility for plaintiffs with uncertain or event-contingent future needs.
• Qualified Settlement Funds (QSF) Trust fund established under Section 468B of the IRC enabling defendants to deduct settlement payments before allocation is determined among plaintiffs in multi-claimant lawsuits.

Quantifiable outcome

• A taxable investment account requires an additional 2.7% rate of return to match a structured settlement annuity level payout (illustrative example)
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• NFP Structured SettlementsminorOthersNFP Structured Settlements provides Medicare Set-Aside trust services in partnership with Legacy Settlements. The firm works with partners who provide services required to help keep clients in compliance with Medicare Secondary Payer Act requirements.
• Life Insurance Companies (American General, Berkshire Hathaway Life, Met Life, United of Omaha, New York Life, Pacific Life, Prudential, USAA)coreOthersLegacy Settlements offers structured settlements through highly rated life insurance companies including American General (A++, FSC XV), Berkshire Hathaway Life (A++, AA+), Met Life (A+, AA-), United of Omaha (A+, AA-), New York Life (A++, AA+), Pacific Life (A+, AA-), Prudential (A+, AA-), and USAA (A++, AA+). These companies fund the annuity contracts that deliver structured settlement payments.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sage Settlement Consulting: National structured settlement consulting firm serving plaintiff attorneys and their clients with annuity placement and settlement planning. Closely comparable GTM (mediation attendance, attorney-side referrals, life carrier commission model) and direct head-to-head competitor for personal injury and wrongful death cases.
• Counsel Settlement Consulting: Structured settlement consulting firm that works with plaintiff attorneys to design and place structured settlements. Same primary customer segment (plaintiff attorneys), same commission-based revenue model, and same core product (structured settlement annuities) — a direct competitor in the same space.
• Pohlmann & Company: Regional structured settlement firm serving plaintiff attorneys across the Midwest, with a comparable GTM of attending mediations and providing annuity placement and settlement design services. Closely comparable in scale, service mix, and customer base to Legacy Settlements.
• NFP Structured Settlements: Structured settlement brokerage arm of NFP, a national insurance and wealth management firm. Notably, NFP is already a partner of Legacy Settlements for Medicare Set-Aside trust services, demonstrating direct product overlap on structured settlements, MSAs, and settlement planning for plaintiff attorneys.
• Ringler Associates: The largest independent structured settlement brokerage in the U.S., with nationwide coverage and a similar GTM of attending mediations and working directly with plaintiff attorneys. Directly comparable business model — commission-based placement of structured settlement annuities with rated life carriers — and the dominant direct competitor in the same niche.

Others

• Special Needs Alliance: National membership organization of attorneys specializing in disability law and special needs planning. Indirectly comparable: serves many of the same plaintiff-attorney and disabled-claimant segments that Legacy's Special Needs and Supplemental Needs Trust practice targets, but as a professional network rather than a settlement broker.

Broad incumbents

• Prudential Structured Settlements: Structured settlement arm of Prudential Financial, another A+ rated carrier Legacy uses to fund annuities. Competes both as a placement destination for Legacy's referrals and, in some channels, as a direct broker — a broad incumbent in the same product category.
• Berkshire Hathaway Specialty Insurance (Structured Settlements): Structured settlement capabilities offered by Berkshire Hathaway's insurance group. Berkshire Hathaway Life is one of Legacy's carrier partners, illustrating the overlap; Berkshire's broader balance sheet and brand give it a different competitive position as a broad incumbent rather than a specialist broker.
• Allstate Structured Settlements: Captive structured settlement brokerage of Allstate Insurance. Operates within a much larger insurance platform and offers structured settlement services primarily tied to Allstate-originated claims, with a broader portfolio and deeper capital base than Legacy.
• MetLife Settlement Solutions: Structured settlement division of MetLife, one of Legacy's key annuity carrier partners. Functions as both an upstream capital provider and a competing broker in some channels, giving it a hybrid incumbent position in the same product category.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/?hl=en
• LinkedInlinkedin.com/company/legacy-settlements-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Legacy Settlements