Structured Settlement Annuities have been shown to provide a valuable, safe and guaranteed source of lifetime income to parties in personal injury or other cases. Today we look at situations where these special annuities would be helpful.
Personal injury.
This is obvious to most, but let’s take a closer look at situations that might warrant such settlements.
Temporary or permanent disability.
A structured settlement can help here by making sure the cost, if any, of rehabilitation is covered.
Guardianship of minors or persons with diminished mental capacity.
We’ve seen before how dangerous mismanagement of a lump sum settlement for a child can seriously impact the future care of the child. Guaranteeing that care for the injured child will be covered will add greatly to the overall quality of life for the caretaker and the child.
Wrongful death, particularly when the surviving spouse and / or children need steady income.
When tragedy strikes the main money earner of a household loss to a family is felt in many ways. In some cases this can cause financial ruin to a family. A structured settlement can help...
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