What types of structured settlement annuity types are available?
RBNA offers a variety of fixed annuity products (both deferred and immediate) to provide those injured parties with income to pay for medical expenses or replace lost wages for a specified period or for life. You can tailor the structure to meet your needs. Generally, people choose a life annuity with a guarantee period. Life annuities are for people who want to transfer the risk of living a long time to an insurance company because the most difficult part of financial planning is not knowing how long you will live. For example if a 65-year-old woman with $500,000 spent $100,000 per year, her money would be gone in about 5 years. If she spent $50,000 per year the money would be gone in about 13 years (with the interest).
