Purchasing Structured Settlements Annuities

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.

Purchasing structured settlements annuities.

Structured settlement purchasing companies also known as factoring companies serve those selling their structured settlement payments. These products primarily serve as a dependable way to secure income during retirement. Each structured settlement annuity is a bit. The key difference between an adult owning a structured settlement and a minor owning one is control.

Settlement money that funds a structured annuity must be sent directly to the life insurance company. Structured settlements for minors are usually paid through an annuity from a life insurance company just as for adults. Annuities are contractual financial products that provide the recipient with a steady stream of payments over a predetermined time period. These companies offer settlement owners lump sums of cash in exchange for the rights to future payments or portions of future payments.

These transactions between the settlement annuity holder and a third. The critical mistake defendants in the gargan cases made was to send settlement money.