What is a structured settlement annuity?
A structured settlement annuity is a contract issued by an insurance company to fund the payment of damages for personal injury over a period of time. It is sometimes referred to as an insurance settlement. It guarantees you in the event of your death, your beneficiary, a tax free payment or a series of payments over a fixed period of time. Most structured settlements are the result of a lawsuit—they are payments resulting from a court action.
Related Questions
- How does selling my structured settlement payments annuity work, do I have to sell all of it because I only need a little extra money now?
- Can I sell my structured annuity by converting a lump sum deferred payment for cash now?
- Is it Possible to Sell Annuity and Structured Settlement Payment for Cash?
