What is a Structured Settlement Annuity?
A Structured Settlement Annuity (SSA) provides tax-free, periodic payments over a period of time, specifically designed to meet an injured party's needs. Specialized consultants facilitate the settlement process, as well as help design and negotiate the structure.Why choose a Structured Settlement?
Benefits for the injured party:
- Features customized design: Payments are specifically tailored to meet the injured party's particular financial needs over a defined period.
- Emphasizes stability: Payments are designed to help meet the claimant's current and future financial needs.
- Promotes security: Structured settlement provide the dependability of a highly rated financial institution.
Benefits for the defendant:
- Leads to faster settlements
- May reduce costs
- Avoids Jury trials
- May allow for tax deduction (self-insured)
Source: Pacificlife.
Also Read: 33 Structured Settlement Companies |Settlement Buyers
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