Structured Annuity Settlement
Structured settlement annuities are complex products, paid out to
injured parties in lieu of one large lump sum. They are unique in that
the the payee never owns the annuity; the defendant's insurance company
does. In the case of a catastrophe like ELNY, the payee's ability to
continue receiving payments is determined by the type of annuity the
insurance company has purchased. The case study below illustrates the
many variables involved.
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