Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company v. Structured Asset Funding, LLC D/B/A 123 LumpSum, Andrew Jonathan Settlement Fund, LLC, and Bradley Turpin.

OPINION

Tracy Christopher, Justice

Persqnal-injury claims frequently conclude with a structured-settlement agreement in which the parties agree that, instead of receiving compensation for the injury in a single lump sum, the claimant will receive periodic payments. The tort-feasor’s liability insurer often arranges for these periodic payments by purchasing an annuity and naming' the claimant as the payee. Payees wanting to receive payments ahead of schedule may sell the right to receive some or all of the future payments to a factoring company at a discount, but the transfer must be approved by…