Structured Annuities Settlement

How does a structured settlement work. After the settlement money is negotiated and come to final terms the court order will request the funds to be placed into a type of income annuity contract called structured annuities. 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.

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The company is a member of the national association of settlement purchasers.

Structured annuities settlement.

Specialized consultants facilitate the settlement process as well as help design and negotiate the structure. The annuity is an irrevocable stream of regular payments from an insurance company that is structured in a way dictated by the court system. However many legal settlements offer a lump sum payment option which provides a one time sum of money. A structured settlement annuity ssa provides tax free periodic payments over a period of time specifically designed to meet an injured party s needs.

A structured settlement pays out money owed from a legal settlement through periodic payments in the form of a financial product known as an annuity. Structured settlements for minors are usually paid through an annuity from a life insurance company just as for adults. Pacific life is a member of the national. The key difference between an adult owning a structured settlement and a minor owning one is control.

Fairfield funding has been in business for 12 years and focuses on structured settlements and annuity payments.

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