In "honor" of its "treatise" on Life Insurance Structured Settlements", a company called Atlantis Marketing out of San Diego California is the owner of this weeks winner of "Dumbest Things Said About Structured Settlements".
The main reason for having insurance is so that we can remain financially solvent and able to pay for our medical bills, lost wages and to replace major items and assets that have been damaged or destroyed due to accidents or negligence by another party.
- Insurance is a risk management tool.
- Insurance is not always acquired to cover the risk of an accident or negligence. For example if you buy life insurance an dlater die of natural causes, it's no accident.
In the case of a life insurance settlement, the structured settlement annuity is set up to provide an ongoing periodic payment to the plaintiff (also often referred to as the claimant; versus the insurance carrier).
is Allsettlements.com referring to a life settlement available to the living or the settlement options from a life insurance policy available to the survivors of the dead? This ones easy. Regardless of which applies, no structured settlement annuity is set up!
Life insurance structured settlements feature set payment amounts paid out periodically over a predetermined time frame; usually long term
No such thing as a life insurance structured settlement. However, life insurance companies issue structured settlements annuities.
However, even if we are completely in the right and legitimately owed an award, we may not immediately have access to the full amount of that award.
- If choose to take cash you do, however that may not be in your best interest.
- Sometimes you are not completely in the right and the case settles in your favor.
While many of these structured settlements feature periodic payments, you can also contact different companies or your insurance provider to request various options such as deferred payouts (for tax relief purposes), single and joint life annuities, and medical underwritten annuities.
Single life annuities, joint life annuities and medically underwitten annuities also feature periodic payments. There are many ways you can structured your settlement. You can have more than one choice in the same structured annuity contract. Here are examples of the ways you can structure your settlement payments.
Mark Alford is listed as the administrative contact for Allsettlements.com. Grade D