STRUCTURED SETTLEMENTS AND ANNUITIES - PRIVATE CLIENTS AND INDIVIDUALS
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 individuals and families in receipt of lawsuit recoveries.
If you are a private client or individual who may be receiving a settlement or lump sum from a lawsuit, please click the box below. Thank you for staying in touch with us. We appreciate it.
STRUCTURED SETTLEMENTS AND ANNUITIES - ATTORNEYS, LAW FIRMS 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 individuals and families in receipt of lawsuit recoveries.
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 Attorneys, Law Firms, Paralegals, CPAs, Family Offices, Trust Companies, Banks, Consulting firms and more. Please click the box below to stay in touch with us. Thank you, we appreciate it.
NEED STRUCTURED SETTLEMENT ANNUITY OR LIFE INSURANCE QUOTES? GET STARTED BELOW.
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. 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.
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.
READY TO BUILD YOUR ASSETS AND INCOME? GET STARTED TODAY.
We have a simple 4 step process to helping you with 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 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 to fund your 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. You can get started below!
NEED A QUALIFIED RETIREMENT PLAN CONSULTATION?
We have a simple process to helping you set up a Qualified Retirement Plan.
First please make an appointment below for a Qualified Retirement Plan consultation, thank you. You will then need to complete your Company Fact Finder and Company Census. Annuity Pros will ensure you get the right type of plan, that is set up correctly with appropriate features and tax benefits. We are here to help you along the way 24/7. You can get started below.
Annuity Pros
Income Product Specialists
Annuities and Life Insurance
Website: www.annuityprosgroup.com
