What Is A Structured Settlement Broker

Structured settlement schedules can be rather complex.

What is a structured settlement broker.

A structured settlement broker also known as an annuity broker is a professional with specific training in structured payments. Encouraged by the u s. The settlement funds for the injury from the defendant which is typically the insurance company are assigned to a third party assignment company which then purchases a structured settlement in the name of the party injured. They help resolve court cases by estimating the cost of medical expenses lost wages debts and long term needs and then setting up a series of award payments for the plaintiff.

The annuity pays a specific amount on a certain time table. A structured settlement is a stream of periodic payments paid to an injured party by the defendant primarily through the purchase of annuity fixed and determinable issued directly by highly rated life insurance companies. It is someone who is appointed by the insurance company or the plaintiff in a personal injury case. A settlement may allow the parties to a lawsuit to.

Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. What is a structured settlement broker. Settlements utilizing these extended payment schedules are called structured settlements. Brokers can aid in the whole process of obtaining an advance or.

Congress since 1982 a structured settlement is a voluntary agreement between the injury victim and the defendant. A structured settlement is a stream of periodic payments paid to an injured party by the defendant primarily through the purchase of annuity fixed and determinable issued directly by highly rated life insurance companies. For more about brokers see national structured settlements trade association. Ultimately both parties must agree on the terms of settlement.

A structured settlement broker also known as an annuity broker is a professional specifically trained in negotiating and facilitating a payout schedule for a monetary settlement that has been awarded to an individual or family as the result of a lawsuit. A structured settlement is like having your own pit bull that growls when family and friends pressure an accident victim for a loan. As part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. Encouraged by the u s.

Structured settlement brokers in cases involving large money settlements payment may be extended over a period of time rather than provided as a lump sum.