Structured Insurance Settlements

If you are entitled to receive an insurance settlement, you can claim it either in a lump sum or as a structured insurance settlement. Both methods have their pros and cons.

The Advantages and Disadvantages of Structured Settlements

A structured settlement is an arrangement where instead of a lump sum of cash being awarded to a claimant, a tax-free periodic payment is agreed. Structured settlements are often used in guardianship cases, workers compensation cases, wrongful death cases and severe injury cases.

Structured Settlement Loans

Structured settlement loans are given against plaintiffs’ periodic claim settlements. Court judgments where a structured settlement is awarded are called periodic payment judgments. If a claimant has been awarded a financial resolution in which he or she will receive periodic payments instead of a lump sum, a loan may be extended against the value of the settlement.

Viatical Settlement With Life Insurances

Viatical settlement originated from the Latin word ‘Viaticum’, meaning the Eucharist given by a priest to a dying person. Viatical settlement therefore refers to the purchase of the life insurance policy before the maturity date or the death of the policyholder. In it a lump sum amount is paid to the ill-policy owner, also called as viator, in exchange of the death benefits of the policy.

Structured Settlement Annuity: The Real Deal

Properly considering the future, as far out as it may seem to be, can reduce stress and financial strain. These scenarios cover what you need to keep in mind.

Sell Annuity Settlement

A structured settlement is a monetary grant that is often the result of a successful lawsuit. Often the lawsuit is in reference to an injury case, which results in an insurance agreement. This payment is financially planned to guard the settlement sum and to offer the beneficiary with safe returns. Often the receiver is incapable of work, restricted in work capacity or has endured loss in earnings due to work absence as a result of injury. The structured settlement, also known as an annuity settlement, offers the receiver a long-term, steady and tax-free income.

Cash For Structured Settlements

A structured settlement is a way to pay compensation to a victim of an accident, on a periodic basis. Structured settlements can either be paid in regular installments for a fixed period of time or for the claimant’s lifetime. It is seen as the best form of settlement, because it caters to a claimant’s need for security in an effective manner. It also provides better financial benefits over a period of time compared to a single lump-sum settlement. Structured settlements are also advantageous, as they make the beneficiary of the settlement eligible for tax breaks. In certain cases, an initial large payment is made to cover expenses. In the case of structured settlements, annuity purchased from a life insurance company usually provides the funds required for making the payments.

Life Settlement Funding

Life settlement funding, also known as senior settlement or life time settlement, is a scheme that allows qualified life insurance policy owners to liquidate a life insurance policy for an amount much higher than the cash surrender value. If a senior person, over 65 years old, owns a policy that is no longer needed or affordable or there is no option but to lapse, then the life settlement funding companies help him in selling his Life Insurance Policy at a much higher price than what he would have received by surrendering the policy. Life settlement funding companies have created a secondary market for life insurance policies.

The Truth About Selling Your Structured Settlement

If you're receiving payments from a structured settlement, periodic payments may not be enough if you suddenly need a large sum of money. However, you have several options for selling your structured settlement which can be a fast way to solve an unforseen financial problem.

The Lowdown on Settlement Funding

You may have heard the term before, but few people really understand the ends and outs of settlement funding. What was once just a vague term has grown into a rather controversial issue causing many to take up arms in the conflict.

The Pros and Cons of Receiving Settlement Advance Cash

Receiving a cash advance from a pending settlement is very likely a blessing for most people, especially when you consider all the factors of an injury and lawsuit.

Don't Screw Up Selling Your Structured Settlement - Stay Clear of These Common, Costly Blunders

Selling your structured settlement is a major financial decision, not to be taken lightly. Unfortunately, many people cost themselves excess time and money by not avoiding these three common mistakes when selling structured settlement payments.

Pre Settlement Funding

Pre settlement funding is one of two lawsuit settlement funding methods, in which a person who has filed a compensation case can get funding in the form of a non-recourse loan from a pre settlement funding company on the basis of his or her pending case. Even if the settlement or verdict amount is smaller than anticipated, the amount to be repaid never exceeds the amount of the injured person’s share of the verdict. Pre settlement funding involves financing of on-going litigation, rather than buying legal fees after a settlement. The risk is much higher in pre settlement funding than post settlement funding and therefore pre settlement companies expect a much higher return.