A structured annuity settlement refers to a financial arrangement in which periodic payments are made to an individual as a result of a legal settlement, insurance claim, or lottery win. Instead of receiving a lump sum payment, the recipient of the settlement chooses to receive regular payments over a predetermined period or for the rest of their life. A structured annuity settlement refers to a financial arrangement in which periodic payments are made to an individual as a result of a legal settlement or an insurance claim. Instead of receiving a lump sum payment, the recipient chooses to receive regular payments over a specified period or for their lifetime. This provides a reliable income stream and financial stability for the recipient, helping them meet their financial needs over an extended period. Structured annuity settlements are often used in personal injury cases or when individuals receive compensation from insurance companies. Consulting with financial professionals is c...
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Showing posts from May, 2023