إظهار الرسائل ذات التسميات Settlement. إظهار كافة الرسائل
إظهار الرسائل ذات التسميات Settlement. إظهار كافة الرسائل
on الثلاثاء، 4 مارس 2014
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.
One new type of funding that we offer here at LawSuit Funding Solutions is Settlement Funding.
Most plaintiffs assume that when their case settles or receives a judgment they will receive their proceeds immediately. Unfortunately, that is not the case. Receiving your proceeds can take anywhere between 30 to even 180 days, especially when a trust is being set up. It can be a very frustrating process to receive these funds after waiting years to win a case.
LFS can help. We offer the lowest rates out there for settlement cash advances. After a plaintiff wins their case, LFS will advance them up to 15% of what the settlement award is. For instance, if your case settles for $100,000, LFS will advance you $15,000 now. When your attorney receives the settlement, LFS will be paid back our principal plus interest owed.
A settlement advance is a great way to help a plaintiff out with their short term cash needs. But, as always, with cash advances, the amount a plaintiff will owe can be expensive. Yes, we offer the lowest rates out there but 2% on $15,000 is $300 per month. Make sure you need a cash advance before you decide to take one.
Call LawSuit Funding Solutions today if you need a settlement cash advance. Best way to reach us is 215.599.6545.
What is a Structured Settlement Annuity ?
If you ever watch any TV, you’ve likely seen a commercial advertising
something to the effect of: “It’s your money and I’ll help you get it
now!” These commercials are advertising structured settlement buyouts
to people who were awarded structured settlement annuities to get more
money in their pocket instead of waiting for periodic payments.
Structured Settlement Annuities
A structured settlement annuity tax free way of providing money to a
victim who was injured in an accident and is no longer able to work.
These are usually awarded to settle a case out of court. Instead of
paying all of the damage is the case at once, the annuity is purchased
to allow periodic payments for a predetermined amount of time to help
support the victim through the recovery process.
If you’re injured in a car accident and no longer able to work, you
can sue the driver who caused the accident. Rather than suing the
driver, you’re actually suing the insurance company who provides his or
her liability insurance.
- The driver’s auto insurance company purchases an annuity for the amount you settle for, from a life insurance company.
- The insurance company owns the annuity and names you as the annuitant, or the beneficiary of the annuity.
- The annuity gives you payments as per the agreement. Sometimes the annuity will have cost of living increases built in, to help the money continue to provide support for years to come.
What are the Features of a Structured Settlement Annuity?
Structured settlement annuities are tax-free income
disbursements.These annuities are funded by large, well-financially
backed insurance companies, so the recipient typically does not have to
worry about what will happen to the settlement if the company who funds
it goes out of business.
Structured settlement agreements must be approved by the court to
protect the plaintiff. Features will vary depending on the insurance
company that buys the annuity, and where they buy it from. Some of them
will offer a lump sum payment in conjunction with periodic payments,
while others will offer periodic payments that increase or decrease over
time.
Lump Sum vs. Periodic Payments
Lump sum means you’ll get a percentage of your settlement on a
certain date. Periodic payments mean you will get a certain amount of
money every month for a certain number of years (sometimes for life) as
per the annuity agreement.
Can I have a lump sum and periodic payments?
Yes, some annuities do allow for this. The lump sum is given at the
beginning to help you with legal fees and medical bills, while the
periodic payments are intended to support you while you cannot work.
If you have any questions or concerns about structured settlement
annuities, talk to an experienced lawyer in your area. If you already
have one and are interested in selling all or part of your remaining
payments for a lump sum of cash, then you will still need to talk to a
lawyer, because all transfers of annuities must be approved by the
court.
Structured Settlement Annuities
We are now offering In-Force, Structured Settlement Annuities. These
annuities offer a simple and affordable way for buyers to
meet financial goals, such as saving for retirement or a child’s
education or improving overall returns on a balanced portfolio.
They are not widely known to the general public nor are they generally
accessible. As such, they provide a limited opportunity to
sophisticated investors to invest in safe, fixed return annuities at
superior rates of interest.
Click here to view our most recent offering list.
What is a Structured Settlement Annuity?
A Structured Settlement Annuity ("Annuity") is a contract issued by an
insurance company as part of a structured settlement to fund the
payment of damages for personal injury over a period of time. It
guarantees the holder or annuitant a payment stream over a fixed term at
a fixed rate of interest. Unless otherwise specifically stated the
Annuity is paid regardless of whether the measuring life is alive or
deceased, meaning these payments are NOT life contingent. Structured
Settlement Annuities are sold by structured settlement annuitants to a
broker at a discount in exchange for a lump sum payment. The broker,
in turn, offers these Annuities for resale at a fixed rate of interest
and fixed term to astute buyers such as you.
Who makes the payments?
Each Structured Settlement Annuity that we offer is paid directly to
you by a U.S. based Insurance Company with a credit rating that is
generally AAA to A rated by Standard and Poor’s.
How is the Interest Rate determined?
The interest rate for each Annuity is determined by the market, what a
buyer is prepared to accept as a return on their purchase taking
into consideration the annuity attributes such as the annuity
term, insurance company credit rating, and average life. Generally the
market interest rate is much higher than that offered on traditional
annuities with the same attributes paid by the same insurance companies
directly.
The interest rate for each Structured Settlement Annuity is represented
as an “effective rate”—compounded annually based on a 365 day year.
This is standard practice in the annuity industry. Interest rates are
recorded to an accuracy of 2 decimal places (e.g. 6.14%).
Why are Interest Rates on the Structured Settlement annuities higher than those offered by Insurance Companies Direct?
The rate of return on a Structured Settlement Annuity is typically
higher than the rate available for a comparable annuity purchased direct
from the issuing insurance company for two reasons:
- The Annuity has been “previously owned” with attributes such as payment term, payment amounts and average life that cannot be changed.
- Because the broker purchases the Annuities at discount prices from existing annuitants, it can pass along these preferred rates to its buyers.
What is the typical Structured Settlement Annuity term and investment amount?
The present value of an Annuity generally ranges between $50,000.00 and
$150,000.00 but can be higher or lower. Investments of this size tend
to appeal to high net worth buyers. Terms can range from 1 to 35 year
terms, but are typically 5 to 20 years. They can provide lump sum
payouts, monthly or yearly income payouts, or a combination of both.
What are the Benefits of Investing in Structured Settlement Annuities?
It is generally considered to be a good vehicle for conservative
buyers. Monies are invested by the insurance company primarily
in government securities and high-grade corporate bonds, and they
offer guaranteed interest rates. Because we only offer annuities paid
by insurance companies with among the highest Standard and Poor’s credit
ratings, the annuities are among the safest form of fixed term
financial products available today.
Structured Settlement Annuities can provide above average returns for
the fixed income portion of a balanced portfolio. Because the typical
return of fixed income products is often below average, these Annuities
can boost the overall portfolio performance by enhancing this lowest
performing segment.
What are the Risks?
Like all financial products, Structured Settlement Annuities are not
risk free and every buyer must determine whether a such an Annuity meets
their risk tolerance and financial objectives. The risks associated
with these Annuities are:
- The security of the Annuity is directly related to the financial health of the insurance company that issued the annuity and its ability to pay claims and to the terms of the court order that accompanies each transaction.
- The Annuities are not deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal government agency. They may be partially guaranteed by State Guaranty Associations but we make no representations or warranties in this regard.
- The Annuities are subject to interest rate risk. Market interest rates may rise while the rate of return on the annuity is locked in. Fixed income products with longer terms to maturity are usually more sensitive to changes in interest rates. One method of hedging interest rate risk during a volatile rate period is to build an annuity ladder by buying a series of annuities over an extended period of time thereby rate averaging the changing interest rates.
- The Annuities are monetized in U.S. Dollars. Foreign buyers may be subject to currency exchange risk.
- The Annuities must be held to term and therefore are not liquid investments.
Give us a call for your free informational Buyers Guide or with any
questions you have - we will be glad to show you how this unique product
may benefit your portfolio.
LEGACYNH
Structured Settlement Purchase
Why would a company want to purchase a structured settlement
from a person receiving regular installments in compensation for a
personal injury? The answer is clear: the company is guaranteed a
steady, safe cash flow that is generally not taxable in return for a
lump sum of money of about half the value of the full-term settlement.
When companies buy a structured settlement they are always getting the
better end of the deal, no matter how appealing the quick cash may seem
to the seller. These companies are generally not out to make life better
for injured persons, but instead are seeking to profit from those
persons' pressing financial needs or eagerness to be free from what may
seem to many like an allowance. This is why persons wishing to sell
settlements need to be very, very careful about who they sell those
settlements to.
First of all, exactly what are structured
settlements and how do such arrangements work? When a person wins a
lawsuit based on worker's compensation, personal injury, or medical
malpractice, often the court will rule that compensation be paid in
installments, either in small, regular amounts or a few lump sums over
the years. Often, these payment plans will cease upon the death of the
payee, whether or not there are dependents involved. Before accepting a
compromise, injured persons need to work closely with lawyers to ensure
that the settlement is going to benefit them to the fullest possible
extent in order to prevent future financial distress and the loss of
well-deserved compensation. This careful planning will prevent the
undesirable necessity of finding a company to purchase a structured
settlement from its possessor when he finds that waiting for a monthly
check isn't a tolerable system.
If, however, a person has
already settled a legal case and finds that the periodic payment plan is
not working for him or decides that larger amounts of money are needed
immediately in order to purchase medical equipment, a customized vehicle
or home to accommodate injuries, or similar items, or does not expect
to live long enough to benefit from long-term compensation, may want to
consult various companies that offer to buy a structured settlement.
Such companies will allow him to sign over annuities in exchange for
immediately accessible cash. Persons considering this option should know
that while their annuities are not subject to taxation, the lump sum
received from a third party may very well be, causing them to lose even
more well-deserved money. This is a decision that requires long, hard
thought and should not be entered in to hastily or lightly, as its
consequences can be disappointing at best and catastrophic at worst. If a
person is confident in his investing and money-handling skills, he
might be able to pull off the sale of his annuities aptly, but this is
not always the case.
In general, this option is a very bad investment decision, as it is possible to lose up to half of one's settlement money in the process. Plus, persons on a periodic payment are often unable to work and need the regular installments to meet their daily needs; if these payments cease and the person is unable to support himself by working due to injuries, his financial need will be much greater than before a company agreed to purchase a structured settlement from him. A Biblical proverb sums up this situation very well: "The simple inherit folly, but the prudent are crowned with knowledge" (Proverbs 14:18). This is a financial decision that could end in folly, especially if rushed into without sufficient forethought and good legal advice.
If a person is absolutely sure that finding a company to buy a structured settlement from him is the most viable option, there are a few ways to ensure that the owner receives the very best deal. First, he should compare quotes at different settlement companies to see which is going to give him the highest payoff with the fewest risks; many online companies allow customers to get a free quote over the Internet. Next, he should be sure that the chosen company has a good reputation for paying its customers in-full and on time and that it is well-funded, licensed, and insured so that it doesn't go bankrupt and leave him with nothing. After selecting a trustworthy company, the person should consult a lawyer to ensure that proceedings are in his favor and that the sum received in return for annuities is reasonable and fair; he may choose to sell the entire settlement or only a part of it--the latter, of course, is the best choice. By following these steps, selling one's settlement may be a safe, prudent, and beneficial option for a person in financial distress.
It is important to know that selling one's annuities is not always a possibility. About one-third of states have laws that do not allow businesses to purchase a structured settlement, and some insurance companies are not willing to transfer annuities to another entity. In this case, a person will have to find another solution for their financial needs besides selling. Persons who are unsure whether their state of residence restricts such sales should consult a lawyer for advice. For the other two-thirds of the country, however, finding a company to buy a structured settlement is a feasible, if not advisable, option--a last resort for the financially stressed, sure to offer immediately accessible funds in a very short time frame.
In general, this option is a very bad investment decision, as it is possible to lose up to half of one's settlement money in the process. Plus, persons on a periodic payment are often unable to work and need the regular installments to meet their daily needs; if these payments cease and the person is unable to support himself by working due to injuries, his financial need will be much greater than before a company agreed to purchase a structured settlement from him. A Biblical proverb sums up this situation very well: "The simple inherit folly, but the prudent are crowned with knowledge" (Proverbs 14:18). This is a financial decision that could end in folly, especially if rushed into without sufficient forethought and good legal advice.
If a person is absolutely sure that finding a company to buy a structured settlement from him is the most viable option, there are a few ways to ensure that the owner receives the very best deal. First, he should compare quotes at different settlement companies to see which is going to give him the highest payoff with the fewest risks; many online companies allow customers to get a free quote over the Internet. Next, he should be sure that the chosen company has a good reputation for paying its customers in-full and on time and that it is well-funded, licensed, and insured so that it doesn't go bankrupt and leave him with nothing. After selecting a trustworthy company, the person should consult a lawyer to ensure that proceedings are in his favor and that the sum received in return for annuities is reasonable and fair; he may choose to sell the entire settlement or only a part of it--the latter, of course, is the best choice. By following these steps, selling one's settlement may be a safe, prudent, and beneficial option for a person in financial distress.
It is important to know that selling one's annuities is not always a possibility. About one-third of states have laws that do not allow businesses to purchase a structured settlement, and some insurance companies are not willing to transfer annuities to another entity. In this case, a person will have to find another solution for their financial needs besides selling. Persons who are unsure whether their state of residence restricts such sales should consult a lawyer for advice. For the other two-thirds of the country, however, finding a company to buy a structured settlement is a feasible, if not advisable, option--a last resort for the financially stressed, sure to offer immediately accessible funds in a very short time frame.
As intriguing football matchups go, Sunday’s Super Bowl has nothing on one looming down the turnpike in federal court in Philadelphia — with Judge Anita B. Brody the ultimate referee.
Brody, considering the N.F.L.'s recent settlement with 4,500 retirees over work-related brain injuries, has asked both sides to demonstrate that their $765 million bargain will fulfill its promise to compensate every currently retired player who has or will develop a neurological condition such as dementia or Parkinson’s disease.
Brody, considering the N.F.L.'s recent settlement with 4,500 retirees over work-related brain injuries, has asked both sides to demonstrate that their $765 million bargain will fulfill its promise to compensate every currently retired player who has or will develop a neurological condition such as dementia or Parkinson’s disease.
Lawyers for the plaintiffs and the N.F.L. said independent actuaries and medical experts had endorsed the terms of the settlement. But the lawyers refuse to share any of their data with the public to help substantiate how they arrived at the $765 million figure, and there is growing displeasure among plaintiffs who have not been allowed to see the data, either.
Numbers can speak for themselves, though, and they bring a clear warning: The $765 million could run out faster than either side apparently believes. When one forecasts how many of the roughly 13,500 currently retired players may develop these conditions over the next 65 years, compensating them as the settlement directs could very well require close to $1 billion, and perhaps more.
No one can divine how many players will develop these conditions. But the best data available comes straight from the N.F.L., and it becomes instructive after some basic guidelines.
If you are a plaintiff in a personal injury or commercial litigation claim and searching for legal funding, begin by applying online with LawLeaf. LawLeaf is an online legal funding company that provides plaintiffs with more competitive rates and faster approvals against a pending or already settled claim.
Legal funding is used by some plaintiffs as a way to hold out for larger settlement offers. Legal funding is a fairly new concept within the legal industry. If you were a plaintiff several years ago you may have dealt with insurance companies and defense teams that understood the financial alternatives were non existent. If a plaintiff had an immediate financial need they would be more willing to take a smaller settlement offer. The legal funding industry has become more popular amongst plaintiffs unwilling to settle for less than fair compensation. Plaintiffs now have a viable option to taking the first settlement offer. Insurance companies are now put into the position of settling the case for fairer compensation or chancing the claimant will secure legal funding extending their legal fees for a claim.
At LawLeaf we understand the importance of pre settlement legal funding because it's a tool that can be used to evening the playing field. When a person is hurt physically or financially from the negligence or wrongdoing of another person, they should have the opportunity to be compensated fairly for their loses. When the defense is unwilling to pay the plaintiff for damages he or she rightfully deserves some people will secure legal pre settlement funding while their attorney fights for fairer compensation.
Legal funding can help plaintiffs pay for medical bills, rent, house payments, food and other expenses while waiting for their settlement to come through. It can be secured before or after a claim has reached a settlement. In fact if you secure pre settlement legal funding and you lose your case, you don't have to pay back our lenders.
If you are currently searching for pre settlement legal funding begin by applying online with LawLeaf today. We are ready to partner with you.
If you have questions regarding lawsuit funding, begin by visiting us online.
Legal funding is used by some plaintiffs as a way to hold out for larger settlement offers. Legal funding is a fairly new concept within the legal industry. If you were a plaintiff several years ago you may have dealt with insurance companies and defense teams that understood the financial alternatives were non existent. If a plaintiff had an immediate financial need they would be more willing to take a smaller settlement offer. The legal funding industry has become more popular amongst plaintiffs unwilling to settle for less than fair compensation. Plaintiffs now have a viable option to taking the first settlement offer. Insurance companies are now put into the position of settling the case for fairer compensation or chancing the claimant will secure legal funding extending their legal fees for a claim.
At LawLeaf we understand the importance of pre settlement legal funding because it's a tool that can be used to evening the playing field. When a person is hurt physically or financially from the negligence or wrongdoing of another person, they should have the opportunity to be compensated fairly for their loses. When the defense is unwilling to pay the plaintiff for damages he or she rightfully deserves some people will secure legal pre settlement funding while their attorney fights for fairer compensation.
Legal funding can help plaintiffs pay for medical bills, rent, house payments, food and other expenses while waiting for their settlement to come through. It can be secured before or after a claim has reached a settlement. In fact if you secure pre settlement legal funding and you lose your case, you don't have to pay back our lenders.
If you are currently searching for pre settlement legal funding begin by applying online with LawLeaf today. We are ready to partner with you.
If you have questions regarding lawsuit funding, begin by visiting us online.
If you are living in Arizona and evaluating pre settlement lawsuit funding against a lawsuit, contact LawLeaf today. LawLeaf is a leading Arizona pre settlement funding company that provides cash advances to plaintiffs located throughout the state. The company provides some of the best rates and fastest approvals within the pre settlement funding marketplace.
Arizona pre settlement funding is used by clients that have pending claims and need cash to help relieve them from financial obligations brought on by long and drawn out lawsuits. Pre settlement funding in AZ can be provided on a contingency fee basis. This is commonly referred to as non recourse. A non recourse lawsuit loan provides the plaintiff with an advance that will only be paid back if the plaintiff is success in winning the case.
What will LawLeaf offer you?
We receive hundreds of applications weekly from plaintiffs located throughout the United States. We bring a wealth knowledge and experience to the litigation financing industry. If we decide not to fund the case we will select an underwriter(s) who we feel can best assist you in the pre settlement funding process. Our selection criteria is based upon those companies that have a proven track record in providing the best rates and fastest turnarounds for your selected case. If you need pre settlement funding begin by applying online or contacting LawLeaf today.
Providing Pre Settlement funding in Arizona
We can provide pre settlement funding for personal injury and commercial litigation claims throughout Arizona. Unlike most firms we can assist you in the pre settlement funding process for both soft tissue and catastrophic injury lawsuits. We also have no limit on the amount of money you can borrow. We can provide pre settlement funding to clients for as little as $500.00 and into the millions. There is no case to large or too small.
If you live in Arizona and searching for pre settlement funding contact us today for a free consultation.
For additional information on Arizona lawsuit funding, visit LawLeaf today.
Arizona pre settlement funding is used by clients that have pending claims and need cash to help relieve them from financial obligations brought on by long and drawn out lawsuits. Pre settlement funding in AZ can be provided on a contingency fee basis. This is commonly referred to as non recourse. A non recourse lawsuit loan provides the plaintiff with an advance that will only be paid back if the plaintiff is success in winning the case.
What will LawLeaf offer you?
We receive hundreds of applications weekly from plaintiffs located throughout the United States. We bring a wealth knowledge and experience to the litigation financing industry. If we decide not to fund the case we will select an underwriter(s) who we feel can best assist you in the pre settlement funding process. Our selection criteria is based upon those companies that have a proven track record in providing the best rates and fastest turnarounds for your selected case. If you need pre settlement funding begin by applying online or contacting LawLeaf today.
Providing Pre Settlement funding in Arizona
We can provide pre settlement funding for personal injury and commercial litigation claims throughout Arizona. Unlike most firms we can assist you in the pre settlement funding process for both soft tissue and catastrophic injury lawsuits. We also have no limit on the amount of money you can borrow. We can provide pre settlement funding to clients for as little as $500.00 and into the millions. There is no case to large or too small.
If you live in Arizona and searching for pre settlement funding contact us today for a free consultation.
For additional information on Arizona lawsuit funding, visit LawLeaf today.
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