Insurance products which provide long-term income through a stream of future payments are refer to as Annuities and structured settlements. While structured settlements are used for personal-injury cases, wrongful death claims or lottery payouts, investment annuities can be used to save money for retirement and beneficiaries. So how does an annuity work? Retirement money are preserved by annuity, allowing your nest egg to grow with a long-term, tax-deferred savings, then later providing you with a future stream of income payments.
What Is a Fixed Annuity – Definition, Pros and Cons
Have you been looking for a way to invest your money with relatively low risk, but with a higher return than the interest rates of CDs offered by banks and credit unions ? Look no further than fixed annuities. For decades, fixed annuities have provided a secure form of savings for millions of conservative investors on a tax-deferred basis. They are by far the simplest type of annuity contract and offer all of the benefits provided by any type of annuity except for the opportunity for market participation.
Structured annuity settlements
October 07, 2014 Is an Annuity an Insurance Contract? by John Darer CLU ChFC CSSC RSP CLTC The distinction between an annuity and an insurance contract is the gravamen of an argument and some interesting lawyering is going on in the ELNY related class action against EPS Settlements Group in Florida. ELNY victims argue that the Florida statutes against unauthorized insurers applies to annuities and EPS Settlements argues the statutory "hangnail" does not apply.
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Annuity Rates Calculator
Are you looking to buy an annuity and intend to use an annuity rates calculator to find the best annuity rates? Many people mistakenly trawl through websites on the Internet looking for the best annuity rates calculator; thinking that by using it they will find the best annuity rates for their personal set of circumstances. Unfortunately, by doing so, many of them can easily end up being misled.
What are the 401k Withdrawal Rules for Getting My Money Back?
Before you go putting too much money into your employers retirement plan to try to hide it from Uncle Sam, it may help you to understand the 401k withdrawal rules and what is involved with getting your money back. For example: What if you have an emergency and you need the money right now? What if you are planning on buying a house? What if you are plan to retire early (before age 59-1/2)? It’s Always Your Money: The first thing you should know is that when it comes to putting your money into your employer’s 401k retirement plan is that the money is always yours (not your employers)! This is a very common misconception for people are unfamiliar with how a 401k works.
Lawsuit Funding Solutions from RD Legal Funding
date: 05/11/2011 Our Company is Well Positioned to Deliver the Funding that Litigation Attorneys Need Plaintiff’s attorneys seeking litigation funding face unique challenges. Due to the ongoing credit crisis, numerous sources of lawsuit funding have withered. Further, many lawsuit funding companies that are still in business have fortified their standards, making it almost impossible to obtain litigation funding.
Sell annuity for cash
Sell Your Annuity Income Stream According to the Urban Institute, by 2020, there will be approximately 47 million people at the age of 65 and older. These numbers are going to exponentially grow. Many of these people have or will have purchased a Single Premium Immediate Annuity (SPIA) that is designed to pay monthly payments for 5, 10, 15, 20 years or for an entire lifetime. Retirement often influences people to want to travel or at least work on their hobbies that they neglected when they were working.
Settlement Loans - Structured Settlement Loan Companies
What are Structured Settlements? Shay Morrigan | February 19th, 2013 If you are involved in a personal injury lawsuit, you may wonder what will happen if you win your case. Say the jury awards you $300,000, or your lawyer is able to negotiate a settlement of the same amount. Do you just go home with a $300,000 check? Though in some cases you may go home with a lump sum, it is more likely that you will have the option to choose a structured settlement, which can be advantageous for several reasons.
Annuities: More cons than pros?
Izabela Habur | E+ | Getty Images You've probably heard the following marketing balderdash thought up by someone promoting the sale of bad investments: "There are no bad investment products, just bad uses for them. " While there are certainly inappropriate uses for good products, there are also investment products in existence that should never have been created and that, when combined with ignorance or self-deception, can have disastrous results.