Structured Settlements Definition

Our definition of structured settlement annuities would be a financial product purchased for a plaintiff by a defendant or a defendants insurance company as part of a legal settlement. Your policy number has not changed.

Selling Structured Settlements Insurance

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Structured Settlement Annuities Pacific Life

Our customer service area services more than 60000 structured settlement annuitants annually.

Structured settlements insurance. Tailored to the needs of the individual and to the amount awarded to that individual they can be a great plan for a lifetime of financial security in the wake of a tragedy. 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. Under the terms of a settlement agreement the defendant buys an annuity from a life insurance company or similar institution which in turn makes annuity. If the amount of money is small enough the wronged party may have the option to receive a lump sum settlement. Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. Structured settlements have been a favorite resolution in personal injury and wrongful death cases for the last three decades. 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 a plaintiff chooses a structured settlement the total settlement amount is invested in an annuity where it accrues non taxable interest. Protective life insurance companys home office is located in brentwood tennessee and protective. However some welcome letters included an incorrect prefix listed in front of the policy number. Un taxed payments are then made to the plaintiff over a distribution scheme of the plaintiffs choosing. First the structured settlement comes with valuable tax benefits. For larger sums however a structured settlement annuity may be arranged. For 30 years prudential has been a leader in providing financial certainty through structured settlements for financial certainty. For more about brokers see national structured settlements trade association.

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. 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 customer service contact information. A structured settlement annuity guarantees the disabled employee a long term stream of tax free inflation protected income.