Key Benefits of Structured Settlements – 1-800-JUSTICE®

This video explains the advantages of structured settlements, which provide guaranteed monthly payments from reputable life insurance companies or banks. These payments can be customized in terms of duration, ranging from five years to a lifetime, and can also be adjusted for inflation to maintain their value over time. A key feature is the guarantee that benefits will go to your family if you pass away before the term ends, rather than reverting to the insurance company. Structured settlements offer financial protection, ensuring that funds are not quickly depleted, making them a beneficial option for individuals seeking long-term security. For more information, contact “Preszler Injury Lawyers” at “1-800-JUSTICE”.

The benefits of a structured settlement include guaranteed monthly payments from a life insurance company or a bank. These payments are backed by some of the highest credit-rated entities in our country, ensuring that you will receive your payments each month for a specified period of time. You also have the option to choose the term of the settlement. It can be a five-year term, a ten-year term, a twenty-year term, or even a term for life.

Additionally, the benefits can be adjusted for inflation. Instead of receiving a fixed amount, such as $2,000 a month for the next twenty years, the payment can increase each year based on inflation rates. For example, if inflation is at 5%, your benefit will also increase accordingly.

Another important feature is the guarantee associated with structured settlements. This means that if you pass away before the term of the annuity contract expires, the benefits will not revert back to the insurance company; instead, they will go to your family members.

The most significant aspect of a structured annuity is the protection it offers. You are guaranteed these amounts, which helps prevent the unfortunate situation where settlements are squandered or life circumstances lead to having very little left quickly. Although these benefits are designed to support you for life, a structured annuity provides checks and balances to ensure that you are taken care of. This is why, under certain circumstances, it is certainly in the best interest of a person to have a structured settlement or structured annuity.