STRUCTURED SETTLEMENTS AND ANNUITIES - PLAINTIFFS, PRIVATE CLIENTS, INDIVIDUALS, BUSINESS OWNERS AND REAL ESTATE INVESTORS
Whether it is to fulfill a need for income, provide risk mitigation in a portfolio, or for comprehensive tax-advantaged planning, annuities can be an excellent tool for meeting financial objectives unique to plaintiffs, individuals and families in receipt of lawsuit recoveries, or proceeds from selling a business or a piece of real estate.
If you are a plaintiff, private client or individual who may be receiving a settlement or lump sum from a lawsuit, business sale or real estate sale, please click the box below. Thank you for staying in touch with us. We appreciate it.
STRUCTURED SETTLEMENTS AND ANNUITIES - PERSONAL INJURY AND DEFENSE ATTORNEYS, LAW FIRMS, CLAIMS ADJUSTERS AND OTHER BUSINESS PROFESSIONALS
Whether it is to fulfill a need for income, provide risk mitigation in a portfolio, or for comprehensive tax-advantaged planning, annuities can be an excellent tool for meeting financial objectives unique to attorneys and law firms in receipt of lawsuit contingency fees.
In addition to structured settlement annuities, Annuity Pros also utilizes the traditional insurance marketplace to expand the available options for our clients, ensuring that the best possible product is used to meet the specific goal.
We frequently work together with business professionals such as Personal Injury and Defense Attorneys, Law Firms, Paralegals, Claims Adjusters, CPAs, Family Offices, Trust Companies, Banks, Consulting firms, Plaintiffs and more. Please click the box below to stay in touch with us. Thank you, we appreciate it.
NEED STRUCTURED SETTLEMENT ANNUITY QUOTES?
We are an independent firm which allows us to shop and search for the best structured settlement annuities and life insurance based on your needs. Please click below to get started.
ABOUT STRUCTURED SETTLEMENTS AND ANNUITIES
A structured annuity settlement is a financial arrangement where a claimant receives compensation from a legal settlement or insurance payout in the form of periodic payments over time, rather than a single lump sum. The proceeds can also come from selling a business or a piece of real estate and may be applied to a structured annuity product in a more tax-efficient manner than paying ordinary income tax and or capital gains tax.
These payments are typically funded through an annuity, a financial product purchased from an insurance company, which provides a stream of income at regular intervals (e.g., monthly, quarterly, or annually) for a specified period or the claimant’s lifetime.
Key Features
• Periodic Payments: Payments are made according to a predetermined schedule, offering financial stability and predictable income.
• Customizable Terms: The settlement can be tailored to meet the claimant’s needs, such as fixed payments, inflation-adjusted payments, or payments tied to specific milestones (e.g., medical expenses).
• Tax Advantages: In many cases, especially for personal injury or wrongful death settlements, the payments are tax-free under U.S. tax law (Internal Revenue Code Section 104(a)(2)).
• Funded by Annuity: The defendant or their insurer purchases an annuity from a life insurance company to fund the payments, ensuring long-term security.
• Non-Assignable: Structured settlements are often designed to be non-transferable, meaning the recipient cannot sell or assign the future payments (though some jurisdictions allow limited exceptions).
Common Uses
• Personal Injury or Wrongful Death Claims: To provide long-term financial support for medical costs, lost income, or dependents.
• Workers’ Compensation: To replace lost wages or cover ongoing expenses.
• Lottery Winnings: Some lottery winners opt for structured payments instead of a lump sum.
• Real Estate sales to mitigate ordinary income taxes and capital gains taxes
• Business Sales to mitigate ordinary income taxes and capital gains taxes
Benefits
• Financial Security: Provides a steady income stream, reducing the risk of mismanaging a large lump sum.
• Tax-Free Income: Payments for certain types of claims (e.g., physical injury) are often exempt from federal and state taxes.
• Customizable: Can be designed to meet specific financial needs, such as large payments for future medical procedures.
• Protection from Dissipation: Helps prevent recipients from spending the entire settlement quickly.
• Tax Mitigation: Structured annuity products help mitigate ordinary income taxes and capital gains taxes when orchestrated correctly
Types of Structured Settlements for Attorneys, Plaintiffs, Business Sales and Real Estate Sales to Mitigate Ordinary Income Taxes and Capital Gains Taxes
Attorney Contingency Fees (structured with tax-deferral)
Structuring your Attorney Fees offers you the opportunity to receive steady, guaranteed income with tax deferral (even if the plaintiff chooses to take a lump sum settlement):
Benefits
- Custom payment streams
- Tax-deferral
- Hassle-free payments to either the attorney or the law firm
Qualified Assignments
Turn a claimant's settlement into a stream of guaranteed periodic payments for personal, physical injury, physical illness or workers' compensation claims and disputes.
Benefits
- Tax-free income
- Customized payment streams
- Guaranteed Payments for Life
- Payments to the beneficiary
Non-Qualified Assignments
A tax-advantaged solution providing guaranteed periodic payments for cases that fall outside of personal physical injury claims and litigation.
Benefits
- Guaranteed Payments for Life
- Manage taxable income and periodic payments
- Leverage lower tax brackets by spreading tax liability
- Financial planning opportunity as a source of reliable income
Periodic Payment Agreements
Intended for claims that are not eligible for a qualified assignment, pursuant to IRC Section 130 which include:
- Pre-1997 workers' compensation
- Workers' compensation cases where the carrier must remain contingently liable
- Individual disability
- Wrongful incarceration claims that do not involve physical injury
Structured Installment Sale
The Structured Installment Sale is an annuity that allows you to defer potentially large capital gains tax and receive guaranteed installment payments over time.
Advantages
- Deferral of capital gain taxation
- Conversion of asset into guaranteed income stream, immune to market volatility and performance
- Payments guaranteed by financially sound and trusted companies
Buy and Hold
For use with personal physical injury, physical illness or workers' compensation claims where the defendant insurer or employer purchases and owns the annuity.
Advantages
- More flexibility on product solutions
Mass Torts
Annuity Pros can work with you to develop innovative solutions for the most complex litigation settlements.
Our mass torts experience includes
- Major industrial accidents
- Product liability
- Wrongful death actions
Funding Agreements
A funding vehicle for business-to-business transactions that provides predictable fixed future payments.
Advantages
- Simplicity
- Attractive returns
- Preservation of principal
- Customized distributions
READY TO BUILD YOUR ASSETS AND INCOME? GET STARTED TODAY.
We have a simple 4 step process to helping you with structured Settlements, Annuities and Life Insurance which can be completed in about 30 minutes.
First please make an appointment for a consultation. We will review your objectives and any existing annuity and life insurance products with you. Next, we will attain your customized structured settlement, annuity or life insurance quotes to view the best products. Finally, you'll complete an easy application and fact-finding suitability form. You'll then receive a simple E-Application to sign and easy instructions on how we fund the product directly with the provider.
Annuity Pros will ensure you get the right type of product, that is set up correctly with appropriate features and benefits. We are here to help you along the way 24/7 and into perpetuity after completion. You can get started below!
Annuity Pros
Income Product Specialists
Structured Settlements, Annuities, Life Insurance & Retirement Plans
Website: www.annuityprosgroup.com
