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July 30, 2013
A common question asked by parents of injured children is "What is a structured settlement for minors and how will it help my child?" In the simplest terms, it is a financial tool for safeguarding monetary awards acquired through a lawsuit.
The best approach for fully understanding what is a structured settlement is to consult with a lawyer. This is especially important when children have sustained injuries due to an automobile accident or negligence of another person.
Since there are so many variables involved with personal injury cases, it is imperative to get help from legal professionals. With that being said, it is helpful to have a basic understanding of structured settlement annuities and compensation plans.
January 22, 2011
Structured settlement brokers facilitate negotiations for the development of annuity payments to individuals who have been injured. Structured settlements are often used to payout large financial awards over an extended period of time. In addition to injury compensation, structured settlements are also used to payout lottery jackpot winnings.
Structured settlement brokers advise lawyers about the various annuity plans available to clients and assist in the sale of future annuity payments. Brokers provide required information for settlement offers; answer questions regarding offers; and assist in negotiating the best deal for attorney's clients.
December 04, 2009
Annuities are financial contracts made with an insurance company. Policy holders agree to contribute either a lump sum payment or series of payments in exchange for periodic payments to be returned immediately or at a later date. In essence, annuities are similar to a savings account. Funds are contributed, interest in accrued and annuity payouts are distributed according to terms outlined when the account is established.
One benefit of establishing annuities is they allow Annuitants to obtain tax-deferred growth of earnings. Most annuity agreements allow Annuitants to establish beneficiaries to receive future payments if the Annuitant dies before the policy expires. Annuities can also be established to pay only the Annuitant or divide funds amongst dependents.
November 27, 2009
In order to purchase structured settlements in the U.S., investors and annuity brokers are required to adhere to state and federal regulations. Structured settlements are established to provide long-term income to individuals who have been injured due to the neglect of another. Injury settlements are often arranged for victims of automobile accidents, medical malpractice or workman's compensation injuries.
Approximately 75-percent of U.S. states prohibit the purchase of structured settlements. States allowing the sale of annuity payments require Annuitants to obtain court authorization. Since annuities are primarily used to provide funds for ongoing healthcare expenses or replace income lost for injuries resulting in disability, courts are reluctant to allow Annuitants to sell forthcoming payments.
July 19, 2007
Our annuities financial services business wants to pay you for annuities and structured settlement payments. Annuities have many faucets in the financial arena our specialty is to buy future cash flow payments and get you the cash you need. Here at Simon Volkov our special knowledge in purchasing annuities and other future payments is masterful. We have highly trained associates who specialize in calculating the highest fair market value for you annuities and structure settlement payments.