Annuity Buyers

Structured Settlement Annuities
A structured settlement annuity is where an individual receives compensation over a period of time for damages sustained in an accident, etc. These types of settlements may include wrongful death, personal injury, and medical and legal malpractice. Because the payments are usually paid over a prescribed period of time, often defendants will purchase an annuity from an insurance company in order to hedge the cost of the payout to the plaintiff.

Sometimes receiving periodic payments in the form of a structured settlement annuity can be advantageous, but sometimes not. Many individuals who have settled an insurance claim and had the structured settlement set-up in the form of an annuity can't wait out the terms of the agreement. Things happen where they may need all or some of the cash to help eliminate debt problems, pay for college tuition, start a new business, etc. This is when the recipients turn to annuity buyers for help.

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