Purchasing Structured Settlements Annuities

Structured settlements for minors are usually paid through an annuity from a life insurance company just as for adults.

Purchasing structured settlements annuities.

These transactions between the settlement annuity holder and a third. The critical mistake defendants in the gargan cases made was to send settlement money. Structured settlement annuities often offer attractive rates compared with many conventional annuities that you might purchase directly from an insurer. Annuities can also be found in the form of structured settlements pensions and even lottery winnings.

Settlement money that funds a structured annuity must be sent directly to the life insurance company. A structured settlement purchasing company also known as a factoring company purchases all or a portion of your future structured settlement or annuity payments in exchange for a lump sum of cash. Each structured settlement annuity is a bit. These companies offer settlement owners lump sums of cash in exchange for the rights to future payments or portions of future payments.

The key difference between an adult owning a structured settlement and a minor owning one is control. When deciding to sell your payments it s important to look for a highly rated structured settlement buyer that will give you a competitive offer.