A structured settlement annuity refers to the recurring payments made by an insurance company to an individual in the case of out-of-court settlements. It is a structured settlement because it involves an agreement for a predetermined amount of cash for a fixed length of time. This is commonly used as an alternative to lump sum settlements.
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More on a Structured Settlement Annuity
A structured settlement is a large sum of money that is dispersed over a period of time rather than given in one large amount. Many times an agreement between an individual and the payer elect to have a set amount of payments made over a period of time. The recipient will receive the overall amount in monthly or yearly draws to spread out the payments for tax or other financial planning reasons.
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3 Things to Look For When Setting Up a Structured Settlement
Many people who are facing financial difficulties due to high mortgage payments made have been asking themselves if they can qualify for the affordable home refinancing program as proposed by President Obama. If you think you might qualify or want to know if you can qualify; first ask yourself these few questions….
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Affordable Home Refinancing- Mortgage Modification Management |…
If you have been in an accident, and possibly will have payments made over time, or a cash option for structured settlements, which would you choose? My father fell recently in a store, due to some negligence in safety on the store’s part. If he gets a settlement, I am not sure if he would take payments, or a lump sum.
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Cash Option For Structured Settlements?
A structured settlement is a series of payments made to an injured party as part of a court award. Structured settlements are payable over time and the terms of those payments, which may be two or three, or spread out over twenty years, are dictated by the court system.
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How to Obtain a Free Quote For Purchasing Your Structured Settlement