Structured Settlements and Annuities
Lump sum legal settlements can be structured with annuities so that the plaintiff or person or entity receiving the money can receive income for life.
Annuities are low risk income products issued by insurance companies across the USA. Annuities help prevent people from spending the whole lump sum all in one go and leaving them with nothing left to meet their daily needs, especially if they are incapacitated in some way.
Structured settlements using annuities assist the attorney managing the case in several ways. Firstly, it brings the completion of the case to 100% fruition after a potentially long drawn-out legal battle. Secondly, it alleviates further responsibility on the attorney who may have left out how to best structure long-term income for their client from the lump sum. A lot of hard work and time goes into achieving a settlement for a client, so educating the client how best to allocate the funds in a safe manner is increasingly important. This approach gives more peace of mind long term to both parties.
Attorneys, Individuals and businesses who would like to connect with Annuity Pros about Structured Settlements and annuities can get in touch instantly via our enquiry form.
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