How do Structures Annuity Settlement work?
Structures Annuity Settlement is complex product, paid out to injured parties in lieu of one large lump sum. They are unique in that the the payee never owns the annuity; the defendant’s insurance company does. In the case of a catastrophe like ELNY, the payee’s ability to continue receiving payments is determined by the type of annuity the insurance company has purchased. The case study below illustrates the many variables involved.
What is a structured settlement ?
A structured settlement is a negotiated financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving some part of the settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a Structures Annuity Settlement can be offered by the defendant or demanded by the plaintiff. Ultimately both parties must agree on the terms of settlement. Structured settlements were first utilized in Canada after a settlement for children affected by Thalidomide.
How do Structures Annuity Settlement work?
Not All Lawsuits Go To Trial •••
Most of them end up with a settlement between the parties involved. Sometimes, rather than pay out a lump sum, settlors put that money into a special kind of annuity so the injured parties get an income stream for life. But how does it all work?
How Structured Settlement Annuities All Works
Len crashes his car into Tara…
leaving her so badly injured, she can no longer work.
Tara sues Len…
but really, she is suing his car insurance company, which provides Len with his liability insurance.
Len’s insurer settles for $10 million…
but rather than pay that all out to Tara at once, they offer to buy a special annuity with the $10 million instead.
Len’s insurer buys a $10 million annuity from a life insurer…
and names Tara as the annuitant. Tara never owns the annuity. Len’s insurance company does.
The annuity gives Tara monthly payments for life…
sometimes with lump sums up front or at later intervals. Sometimes they have cost of living increases built in. Tara now has dependable financial support.
Is There a Catch?
What happens if the life insurance company that funds Tara’s annuity goes bankrupt? If Tara has…
List Of Structured Settlement Companies
Fairfield Funding purchases structured settlements and annuities. Backed by a 100% guarantee, Fairfield works to get you the best price, needed cash in as few as five days, no interest advances, and fast closings.
Peachtree Financial Solutions
Peachtree Financial Solutions has helped tens of thousands of people reach their goals. As a leading purchaser of structured settlement payments, we can buy all or some of your future payments, so you can take the next big step.
J.G. Wentworth Structured Settlements
J.G. Wentworth Structured Settlements has been purchasing future payment streams for more than 20 years. With a best price guarantee and customized transactions to fit your needs, J.G. Wentworth can help you get the cash you need.
Olive Branch Funding
Olive Branch Funding is a purchaser of structured settlement payments. Our experience in this field allows us to provide money upfront in exchange for future structured settlement payments FAST.
Annuity Transfers, Ltd.
Annuity Transfers puts its customers first, approaching every settlement sale with their interests in mind. The company offers personalized service that walks the customers through the process and the financial implications.
Seneca One offers a 5K Right Away program that gives owners of a structured settlement access to $5,000 in 24 hours. Each payment plan is customized for the recipients, giving them control of how much or how little they sell.
Woodbridge Structured Funding
Woodbridge Structured Funding goes beyond the basics with its guaranteed highest price on a buyout. If the company does not offer the highest value on a settlement, it pays you $500 when you get funded from the competition.
Stone Street Capital
Stone Street Capital offers quotes via the phone in minutes, making the process of getting cash a quick and painless process. The company personalizes every quote to meet specific needs.
Oasis Legal Finance
Oasis Legal Funding is a structured settlement providers that offers pre-settlement funding. This let customers negotiate while waiting for their personal injury or accident claims.
Annuity.org is a website designed to help people understand annuities and structured settlements. The company is a partner of Pennsylvania-based CBC Settlement Funding.
If you have any question about Structures Annuity Settlement then comment below or message us through facebook page.