View What Is A Level Settlement Annuity Gif. An annuity is basically an insurance policy against your income. This video provides a basic overview of what a structured settlement annuity is and why it may be a good option for your settlement funds.
Structured settlement annuities provide the ability to address multiple needs in a single annuity contract from a well capitalized life insurance company. This video provides a basic overview of what a structured settlement annuity is and why it may be a good option for your settlement funds. What is a settlement date?
What is a settlement date?
During legal disputes, an annuity settlement occurs when one party agrees to buy an annuity on behalf of another party. Annuity settlement buyers offer you a lump sum in exchange for the future payments you are due to receive. A period certain annuity guarantees payments for a set number of years. Specific laws govern these arrangements at the federal level (see the internal revenue code section 5891(c)(1)) and at the state level.