View Structured Settlement Flexible Annuity Canada Life Pictures. Installment payments are usually stretched out over a period of at least five years. Life annuities are a great way for retirees to supplement their retirement income.
Canada Life Insurance Investments Retirement from www.canadalife.com That's why our powerful service gives you the. But if you need the money sooner, you may prefer a lump sum upfront. Specific specialists encourage the settlement procedure, and additionally help plan and arrange the structure.
Structured settlements — or structured annuities — are both financial products and legal judgments.
Structured settlements are an innovative method of compensating injury victims. Structured settlements were first used in canada following a massive lawsuit over thalidomide, a structured settlement payments are not flexible once established. First, the structured settlement comes with valuable tax benefits. Under the terms of a settlement agreement, the defendant buys an annuity from a life insurance company (or similar institution), which in turn makes.
