If you or an acquaintance are receiving payments from a structured settlement or annuity, learn about the options available to you. If you have seen ads soliciting structured settlements for sale
The courts have just awarded you a settlement in the amount of $1.3 million dollars for injuries you sustained while using the Widget Corporation's product. However, the terms of the settlement require that Widget pay you a small amount
In recent years, it has become more common for victims of accidental injury who accept a settlement from the at-fault party to accept a structured settlement instead of a lump-sum payment. With a structured settlement, the injured party receives payments over a period of time.
Life with period certain - an annuity with payments paid over the lifetime of the nominee(s) or for a fixed period, whichever is longer.
Annuity (definition) - an investment that provides a defined series of payments in the future in exchange for an up-front lump sum of money.
Nominee - the person on whose life the annuity depends.
Payment of lottery prizes - usually choice of lump sum or annuity.
immediate annuity - a vehicle for distributing savings. A common use for an immediate annuity is to provide a pension income to a person who is about to retire.