Structured Settlements

Posts Tagged ‘insurance’

A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation.

I have made the choice to sell my structured settlement. (Keep all negative comments to yourself please, I just need an answer to this question and that is all.) My insurance company, Symetra Financial offered me a lump sum, which I decided to take instead of my monthly payments, I am doing this so that I can purchase a home outright as I am tired of renting, and so that I can go to school without student loans, and so that I can purchase a vehicle outright, among other things. My case has to go to Missouri state court, and the state of Missouri has to approve the sale. I am wondering if anyone knows what the likely hood of them approving or denying the sale is? How long it takes, and general information on the sale of a structured settlement in Missouri. Thanks.

lbnnews.com John Darer addresses common questions and misconceptions about structured settlements in this video interview with Scott Drake. Among the issues addressed low interest rates, “can I do better in the stock market?”what if interest rates rise, safety of insurance companies underwriting structured settlement annuities and more.

1.You have been offered a “structured” settlement from an insurance company after being involved in an auto accident. Under the terms of the agreement, you will be paid the following amounts:

Today: ,000
One year from today:,000
Two years from today:,000
Three years from today:,000
Four years from today:,000

You decide that you would rather receive the entire lump sum today. Using a 5% interest assumption, how much should the insurance company be willing to pay you in one lump sum today?

In this weeks edition of Speaking of Settlements, I discuss the dilemma, which is faced by structured settlement experts such as myself on a daily basis. That being that we all know that current interest rates are historically very low and will certainly go up over the next few years, but investors, savers or injury victims need to make decisions TODAY on whether or not immediate annuity income makes sense for them right now. This will be part of a recurring series of conversations I will be having on the ideas and strategies for those looking to use annuities to fund or finance retirement, care plans, settlement plans and other conservative income strategies using insurance company products. Learn more by going to www.thesettlementchannel.com

n this weeks edition of Speaking of Settlements, Mark Wahlstrom, the President of Wahlstrom & Associates and the host of The Settlement Channel discusses the recent information that the Obama administration is encouraging the use of annuity contracts or immediate annuities at retirement to provide a greater degree of security as people head toward and enter retirement. Viewers of The Settlement Channel will find this not to be a surprise, but if you want to know more about how firms such as Putnam Investments, researchers at UCLA and governmental advisors are finally coming to the realization that buying an annuity to fund your retirement may be the best option for most Americans, listen to this weeks broadcast. For more go to www.lbnnews.com

My husband has created fraudulent debts to make it look like I cannot cash out the equity in our home. Its a long story and has cost me over k in attny fees to get awarded very basic equity that he wants to make in structured monthly payments. There is a clause in my divorce papers that says bankruptcy is not an release for this debt. However, he has already made it clear he has no intention of making any of the monthly payments. His checking acct is continually overdrawn and he rarely pays banks and creditors on time, so there is little reason to believe I will get my money. I am wondering what experience you have to help me? I have requested a lein on the house (he wants it), an insurance policy or some other penalty be attached to non-payment, I also suggested there be a "bonus" for regular monthly payments (say a 00 less owed). But my attorney has not responded to any of these saying "he has to pay". But I know better. What did you do to protect yourself?

My daughter will be turning 13 in December. She will soon be receiving an injury settlement of approximately ,000. She is not good with money. The attorney said it can be structured through an annuity so she doesn’t get just a fat wardrobe check when she turns 21, but I don’t believe insurance companies provide annuities just so they can get into corporate heaven when they die. Do they operate like banks, using your money to earn good returns while they make you dance for pennies?
It’s not that I don’t care for banks. Or insurance companies. They both provide a service, but do not exist for my benefit, and since I have no experience in this area, I seek counsel of those that do.

What requires insurance companies to include the mortgagee on loss payments for REAL property(substantial)? As mortgagee (me), their claim is that their only obligation to me is the balance of the mortgage. But they paid the insured more than the cost of the property in seven payments and failed to include my name on any of the payments. Insured took the money and ran (I probably would have to..) because he was better off financially than using the proceeds to restore the property. I learned about the loss (fire) when the insured defaulted on the mortgage and I called the electric company to restore service (couldn’t to a burned out structure). I was clearly listed as mortgagee on the policy. Had a real estate contract that stated that in case of default, all payments became rent and I took back posession of the property. Can they really get away with having failed to include my name on loss settlement payments? I feel that they encouraged the insured (mortgagor) to default on my loan.

I understand the the life settlement/viatical industry started out
when aids caused those afflicted with the condition to sell their
life insurance policies to either use or enjoy a percentage of the
death benefit while still alive.
and since convenience always has a cost–people like warren
buffet and others with vision and available operating capital
would buy large bundles of these policies at a discount and
make a profit upon the death of the policy holder.
the sales by aids patients has leveled off and the sales of
policies initiated by sales organizations in structured format
to take advantage of the mortality tables used by insurance
companies when the sell policies that 85% of policies laps
before death so those that hold a policy the full term get
a much higher return on investment than they would if they
cashed out early. there is money being made on all of these
transactions–who is positioned the best to profit???