Structured Settlement is financial instrument that provides periodic payments to a claimant instead of a lump sum payment. The future payments can be purchased as one lump sum for investors.
A structured settlement is a financial agreement between an insurance company and individual that provides periodic payments to a claimant instead of a lump sum payment. In addition to the agreement other structured settlement documents include a qualified assignment, annuity application, and annuity policy. If a minor files a claim, a court order will also be included.
Payments from a structured settlement are not subject to income tax. However, if annuity payments are made to an estate, they are subject to estate tax. Structured settlements are regulated by both state and federal laws under the Structured Settlement Protection Acts, which are enforced in 36 of the 50 states in the U.S.
Annuity payments can be paid in equal installments or installments of varying amounts. For instance, the Annuitant might receive a structured settlement amount of $200,000. The insurance company could pay a lump sum of $50,000 and the remaining $150,000 over the course of 10 years. These payments might be paid out monthly, semi-annually or annually.
Structured settlements are a popular choice because of the advantages they offer. First and foremost, they are useful in regulating spending, as the Annuitant receives small annuity payments on a regular basis. This is of particular importance if a minor is the recipient of a structured settlement, as it provides them with a trust fund to further their education.
Many attorneys seek structured settlements for injury victims and dependents in wrongful death cases. Oftentimes, structured settlements can be obtained without going to court. This can result in savings of thousands of dollars in attorney and court costs for the defendant while ensuring long-term financial security for the plaintiff.
Oftentimes, individuals who receive a structured settlement have to wait for years to obtain their cash. A structured settlement company such as Simon Volkov, allow people to instantly obtain a lump sum cash payment. The cash payment can be obtained at any stage of the execution of the structured settlement.
Simon Volkov is a distinguished leader in obtaining cash for structured settlements. Many of our clients desire to liquidate their cash flow derived from structured settlement payments and receive a lump sum cash payment. If you are the recipient of annuity payments and in need of cash and decide to sell structured settlement, we can help.
In order to begin the process, fill out the information on our secure Structured Settlement form Upon receipt of your information, one of our consultants will contact you to further discuss your financial needs. Consultations are free and your information will be held in the strictest confidence. Upon approval, you'll receive a lump sum cash settlement within two to three weeks.