Structured Settlements Definition

In this case the at fault party puts the money toward an annuity which is a financial product that guarantees regular payments over time from an insurance company. When used properly they can be a very effective tool for protecting a settling plaintiffs long term financial security.

The Structured Settlement Annuity Annuity Services

What Is A Structured Settlement The Annuity Expert

Weighted Average Life In Structured Settlement Annuities

When an annuity is chosen as a settlement a structured settlement broker helps analyze the employees needs to determine how the periodic payments should be made.

Structured settlement or annuity. A structured annuity also known as a structured settlement or a periodic payment judgment is an annuity or group of annuities with a very short accumulation phase funded by a lump sum payment similar to a single pay annuity. A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule rather than as a lump sumas part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. For larger sums however a structured settlement annuity may be arranged. These companies will buy your existing structured settlement payment plan and turn it into quick cash through one lump sum payment. Around one third of injured persons choose this option over a cash lump sum according to the national structured settlements trade association. A structured settlement is not an annuity. A structured settlement annuity ssa provides tax free periodic payments over a period of time specifically designed to meet an injured partys needs. If the amount of money is small enough the wronged party may have the option to receive a lump sum settlement. As part of the settlement negotiation process a qualified structured settlement broker can design an annuity contract to meet the present and future needs of the recipient and their family. An annuity is one of the types of qualified funding assets for a structured settlement. Structured settlement annuities are designed to offer the benefits of a structured settlement while reducing or eliminating the potential drawbacks. Structured settlements come in many more shapes and sizes than the typical annuities people purchase for retirement income. A structured settlement is a way of settling a lawsuit using a combination of cash and customized stream or streams or future periodic payments. If you have received a structured settlement or annuity from a law suit or by winning the lottery and want some quick cash the best structured settlement companies can help you. Qualification for 100 gift card is contingent upon the annuity ownerseller providing sufficient proof to the satisfaction of drb of a valid annuity or structured settlement with available payments and verifying full name address cellular and home phone numbers and current email address.

What is a structured annuity. Specialized consultants facilitate the settlement process as well as help design and negotiate the structure.