Structured Settlement Annuities offer a wide variety of payment plans, such as:
- Designated Period Annuity—payments are guaranteed for a specific amount of time, up to 50 years.
- Life Annuity—payments are guaranteed during the lifetime of the annuitant.
- Life Annuity with Designated Period—periodic income is provided for as long as the annuitant lives, with a minimum of guaranteed payments for a designated period, up to 50 years.
- Lump-Sum Payments—guaranteed lump-sum payments are available to supplement annuity benefits.
- Life Annuity with Installment Refund—income is provided for as long as the annuitant lives, with a minimum guaranteed payout equal to the purchase price.
- Joint and Survivor Life Annuity—income payments are provided for the lifetime of two annuitants (e.g., a husband and wife). Upon the death of one annuitant, payments will continue during the lifetime of the survivor at 100% of the original benefit, or at a reduced percentage that you may select.
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