Qualified structured settlement annuities facilitate settlements of personal injury claims and litigation by adding a dimension of future financial security for the claimant. They can also provide claimants with more money over time than lump-sum settlements.
- Qualified structured settlements have been used successfully in settling claims arising from personal injury suits, i.e., vehicular accidents, product liability, medical malpractice, and workers' compensation coverage.
- Future periodic payments are income tax-free to the claimant,2 which makes a Structured Settlement Annuity an attractive alternative to taxable investments.
- Claimants avoid the risks and fees associated with other types of investments, including the risk of premature dissipation of the funds.
- At time of settlement, payments are tailored to meet the claimant's individual needs—whether income replacement, lump-sum payments for special equipment, or college funds for dependent children.
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