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15 years old bonded senior sat in the Lobby when their family felt like it was time to be euthanized

What is a Structured Settlement Annuity?

A Structured Settlement Annuity (SSA) is a contract issued by an insurance company that originated from a legal action such as a car accident, workplace accident, wrongful death, medical malpractice, etc. The original claimant (plaintiff) elected to accept a series of payments instead of a lump sum settlement. This series of payments are guaranteed by an US based insurance company and is in the form of a fixed annuity.

In about 20% of the cases the claimants (or their heirs) elect to sell their SSAs (in full or part) in exchange for a discounted lump sum of cash today.

What is the process when a Claimant decides to sell their SSA?

Claimants that are considering selling their SSAs seek out factoring companies which are institutions that buy SSAs. Claimants are looking to get the largest lump sum of cash today in exchange for the rights that they give up to receive those future payments.

This process must go through the court system which protects both the claimant and the factoring company in the selling of the SSA. Once the agreement is made and approved by the courts the factoring company pays the original claimant the agreed upon amount in a lump sum and the claimant signs off on all rights to receive those future payments.

When a factoring company buys a SSA from a claimant they then offer to sell those court ordered rights to recoup the funds that they paid out. Some factoring companies package the SSAs and sell them on Wall Street or to large institutional investors and pension plans. Some factoring companies sell them to individual investors through a network of brokers as a Safe Money alternative which are good choices for both IRA funds and non-IRA funds.

The payment streams can be either ongoing monthly payments for a set period of time or can come in the form of a deferred lump sum.

The safety rests in the insurance company that is backing the payment stream. In addition, in most states there are State Guarantee Associations which back the principal of these annuities up to a certain amount. These are fixed annuities and as such they are afforded this protection.

The court process is designed to protect all parties. The court sends a letter to the underlining insurance company notifying them that their policy-owner (the claimant) has sold the rights to their contract to the new owner. Once the insurance company responds and accepts (Acceptance Letter) that transfer of ownership the security to the new purchaser is complete.

Structured settlement payments are a form of financial compensation award whereby the payment is made as a series of periodic payments rather than as a single payment upon receipt of the award. This can take the form of significant payments when a beneficiary reaches a certain age, such as a 21st birthday, or it could form smaller monthly payments over many years or even decades. The payments are typically in made in lieu of a successful personal injury or workplace compensation award. They are often made when the beneficiary is a minor or otherwise considered vulnerable, and may not be considered best able to manage receipt of a large lump sum of money at a given time.

The terms of structured settlements are negotiated between the parties at commencement, and in some instances the financial priorities or needs of the beneficiary will change over time. In the event the beneficiary wants more or all of the funds in the payment plan earlier than scheduled, they have the option of selling part or all of their future payments in return for an immediate lump sum payment. A characteristic of selling the periodic payments in return for a lump sum is that the seller will not receive the full notional amount of the total payments. For instance, if the award provided for a sum of $400,000 to be paid in equal annual instalments over 10 years, if the beneficiary sold the right to receive the payments soon after the award they may for instance only receive a payment of $300,000.

When sold on the investment markets, the right to receive the payments are known as structured settlement investments. Essentially the investor is the party on the other side of the trade from the seller. Inside the investment markets they are considered to be Secondary Market Annuities, or SMA's. SMA's are considered to offer comparatively high yields and low risk compared to other annuity products. It should be appreciated that each SMA is unique and the payments receivable are specific to the individual structured settlement being purchased.

The higher yield payable from these investments is not reflective of a greater risk, but is rather reflective of lower liquidity. The terms of the payments were tailored to the requirements of the beneficiary at the time of the award, and often will not provide for equal periodic payments over long periods of time as is typical with a conventional annuity. Participants in these markets should also be aware that before they can be sold Court approval is required, and the remit of the judge is to ensure the beneficiary of the award is fully aware of the implications of the transaction and that the terms of the sale are equitable to all concerned.

Sweet Chatta and Susie were so good as they sat in the Lobby when their family was leaving them. They had no idea what was happening but their busy family said goodbye and now they need help. The Chances of them making it out together are very slim.

521824 Chatta and 521826 Susie are a pair of old gals who aren't too happy that they are owner surrenders. They are a little sad right now and need some time to warm up. Will you give these sweet girls a loving home to live out their senior years in? Chatta is around 15 years old and weighs about 10 lbs. Susie is around 15 years old and weighs about 30-35 lbs.

This dog is in ACS KENNELS and at risk of euthanasia as space is needed by the city at 9:30am Mon-Sat, and again at 5pm Mon-Fri & 3pm Sat.

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
San Antonio Animal Care Services
4710 State Highway 151
San Antonio, TX 78227
Phone Number: (210) 207-4PET.
Fax Number: (210) 207-6673
Ask for information about animal ID number #521824 Chatta and #521826 Susie

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Apply For Settlement Loans

If you are considering getting a settlement loan, this advice may be important. For instance, respected and responsible lending firms encourage plaintiffs to look at other kinds of legal funding, together with lawsuit loans.

These legal finance loans allow complainants to receive cash advances using the outcome of their pending case as the basis. In these situations, instead of waiting for a verdict or settlement, the lawsuit fund may be utilized in order to pay for the everyday necessities like groceries, house mortgages and car payments.

The Process Involved

In any case that involves the recovery of damages, a legal claim must be launched and the services of lawyers are needed. Because pre settlement funding companies will generally contact your attorney to verify details and present the terms and conditions of the agreement, working with a lawyer about your case is very important.
Apply for a legal funding cash advance. Look for a litigation funding form that is trustworthy and reputable, and one who can offer you with reasonable rates. Contact the provider, fill-out an application form and clarify your questions so that the company can go over your case with a lawyer.
Underwiters for the company will scrutinize the litigation case. Documents will need to be secured from your lawyer to analyze the merits and strength of your case. Experienced and qualified companies will normally digitize your files and store them on servers so that privacy is maintained.
If the underwriters are done reviewing your case, a decision will normally be made by the firm. If you did not make it for a presettlement funding, you can also try and apply to other firms in order to secure your cash advance. However, if your application has been approved, your attorney will be given a contract which specifies the terms of the legal financing process.
If you already have an offer, make sure to review it first before making a decision about getting a settlement loan. Because the documents will be directly sent to your lawyer, ask him to explain the terms that you find confusing, the cost of the funding and the overall advantages and disadvantages of taking the advance.
If you have agreed to the terms and have signed the contract, money will be sent to you. Funding companies will normally give out checks immediately because they realize the pressing needs of their clients. Make use of the cash advance in whatever way you want, although it is advisable to use it in keeping your bills updated and paying for the necessities only. If you want some help in managing the money, your lawyer can also refer you to an expert in financing.

While you are waiting for a decision on your case for pre settlement loans, keep in mind that the pre settlement funding company will not be sending you any monthly bills. If the case is abandoned or lost, the cash advance is yours to keep and you do not need to pay anything to the firm.

Structured settlements are financial awards made against one party for the benefit of another party, where the receiving party is awarded compensation at the expense of the other party, usually in settlement of for instance a workplace, personal injury or wrongful death compensation claim. Rather than receiving all the compensation award in full upon settlement, they provide for the award to be paid via a series of payments at agreed periodic intervals. The perceived benefit is that this reduces the likelihood of the award being spent unwisely shortly after the compensation is received. They are considered particularly appropriate for recipients who may be lack maturity at the time of the award or otherwise be considered vulnerable.

A structured settlement loan is an arrangement whereby the beneficiary takes a loan using the structured settlement payments as collateral for the loan. In the first instance and even if the settlement provides for an immediate payment, the first payment may not be received until several months after the date of the settlement, and if the beneficiary needs funds quickly they can chose to obtain funds faster via a loan, and then pay back the loan upon receipt of the future payment. In addition to this form of 'bridging loan', there may be instances where after a period of time after the award the beneficiary has a change of circumstances or priorities, and needs to access monies to fund certain life events such as home purchase or an educational course, or perhaps just to pay off debt. In these circumstances the beneficiary could choose to take out a lump sum loan as a means to release funds, and then arrange for the loan to be paid back from the future periodical payments. A loan should differentiated from selling the right to the payments outright. This is an option also available to beneficiaries of structured settlements, however, there is a subtle difference.

Before taking a loan, a beneficiary is best advised to consider whether this course of action is genuinely in their best interest. It is advisable for the beneficiary to be candid with themselves and ask whether the financial situation they are seeking to alleviate has been created by poor money management skills. If this is the case the receipt of a large lump sum of readily spendable money could actually make the situation worse, as it may just support a cycle of poor decision making, without forcing the beneficiary to address the underlying issues. In any event it is advisable to obtain professional financial advice before proceeding.