Single Premium Immediate Annuities

SPIA - Single Premium Immediate Annuities
The SPIA provides a guaranteed income for life usually at higher yields than CDs, bonds and other traditional financial products.

Estate Planning Life Insurance
Working with estate planning attorneys and CPAs, we provide high net-worth individuals who want to protect their wealth and provide as much as possible for their heirs with sophisticated life insurance solutions.

I.R.C. Section 468(B) Qualified Settlement Funds
I.R.C. 468(B) provides an excellent tool that allows defendants to globally settle multi-plaintiff cases and remove themselves from costly litigation while the plaintiffs resolve issues of allocation and distribution.




Don't get caught in the single plaintiff case tax trap that may potentially devastate the plaintiff recipient. In multi-plaintiff cases, 468(B) may be used to facilitate settlement for both plaintiffs and defendants.

Periodic Judgments
Periodic judgment annuities and analysis include expertise under New York Civil Practice Law and Rules Articles 50-A and 50-B. We perform pre- and post-verdict analysis to measure the present value and potential exposure before trial and the actual cost after trial. CCI is a leading provider of CLE credits on periodic judgments in New York. We counsel and train the Bench and Bar on the use of structured settlements and on the case law, mechanics and calculations required on periodic judgments entered after trial.

Treasury Bonds
As a structured settlement funding vehicle, treasury bonds were popular as an alternative to annuities during the early 1990s because of their safety. Pursuant to Section 130(d) of the Internal Revenue Code, U.S. Government obligations are the only other acceptable funding vehicle in structured settlements. As insurance regulators across the country have tightened their control over insurance industry practices to enhance the security of annuities, T-Bonds have declined in popularity as a source of funding structured settlements. Higher yielding and safe, annuities once again dominate the structured settlement industry.

Physical Injury Cases (since 1983)
With no tolerance for investment risk, the plaintiff in a physical injury case is at a disadvantage with today's volatile market. A structured settlement provides the means to ensure a secure future while avoiding the burden of investment management, as well as the risk of fraud.

The claimant:

* Eliminates investment risk and investment management fees
* Guarantees a flexible future payment stream that is not subject to market fluctuations
* Provides income for a fixed period and/or life

The defendant/insurer:

* Receives savings through the ability to settle quickly and avoid on-going litigation
* Eliminates responsibility for future payments through assignment of the obligation