Did you know a structured settlement is an annuity setup by an insurance company?


Did you know a structured settlement is an annuity setup by an insurance company? That is right. A structured settlement is an annuity. For example, a structured settlement is typically set up by third-party insurance company for a litigant who may be involved a personal injury lawsuit.

Rather than provide a lump-sum payment to the injured party who has won the lawsuit, the annuity guarantees structured payments over time so the injured party does not spend all the money. It is an inherent safe-guard for people who are disabled or those who forever need a stream of payments guaranteed over a period of time.

Have you ever heard someone on television win the lottery? This annuity option is also offered to people who win the lottery. A lottery winner is given the option of taking a lump-sum payment or having a stream of payments paid out overtime. The annuity option provided to the lottery winner are the same insurance products we offer at Insured Portfolios of Albuquerque.  Call 505-750-4363 to schedule an appointment.