Structured Court Settlement
A structured court settlement (sometimes
called an
annuity) is an income stream paid by an
insurance
company to an individual. Reasons for a structured
settlement include 1) a personal injury lawsuit, 2) a
medical malpractice suit, 3) a wrongful death, or 4) any
other type of liability settlement.
When someone is involved in a personal injury lawsuit,
they are sometimes offered a large amount to settle the
case. This amount is usually paid out over time by an
insurance company. The annuitant / beneficiary receives
the money in either
monthly or annual payments.
Beneficial Brokers, with the financial assistance from Charter
Financial, can provide a
lump sum of cash
for these
future payments.
***For a complete listing of the required documentation,
please click
here.
If your annuity is the result of an "ON
THE JOB" injury, then
Beneficial Brokers & Charter Financial can not offer a pur-
chase price. The reason is because state laws
prohibit a 3rd
party from purchasing a
workers' compensation
annuity / settlement.
Other annuities that are NOT purchased include:
|
Social Security payments | |
|
IRAs (Individual Retirement Account) | |
|
Alimony payments | |
|
Disability payments | |
|
Judgments | |
|
Retirement plans |
Settlements considered by Charter
Financial must be paid
by a reputable
insurance company.
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