Structured settlements or structured annuities are both financial products and legal judgments. The choice is ultimately the claimants and many find that a structured settlement is much more beneficial than a lump sum cash payment.
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We are an industry leader in structured settlements not only are we one of the first companies to write structured settlements but we have written more premium than any other company.
Structured settlements annuitant. What is being sold and what the investor is buying is not an annuity but structured settlement payment rights a derivative of a structured settlement. Thus the use of the term secondary market annuity or the plural secondary market annuities is wholly misleading. A structured settlement annuity ssa provides tax free periodic payments over a period of time specifically designed to meet an injured partys needs. A secondary market annuity is a term that certain salespeople use to describe an investment in structured settlement payment rights. Our customer service area services more than 60000 structured settlement annuitants annually. While they function somewhat like private assets they are also subject to complex regulations. Structured settlement annuities are designed to offer the benefits of a structured settlement while reducing or eliminating the potential drawbacks. For 30 years prudential has been a leader in providing financial certainty through structured settlements for financial certainty. In fact many structured settlement providers will structure amounts as low as 10000. Learn about the process of being awarded a structured settlement annuity as well as the legal protections and advantages on the following pages. Structured settlements may be funded with proceeds from settlements of almost any size. 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. If i need to make another sale of my settlement in the future i would not take my business anywhere else. I have done multiple sales and have always appreciated the honesty and good will towards my needs during a sale. Specialized consultants facilitate the settlement process as well as help design and negotiate the structure.
When used properly they can be a very effective tool for protecting a settling plaintiffs long term financial security.
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