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A Structured Settlement Nightmare: Don\'t Let This Happen To You.
Term Life Insurance Policy This structured settlement comes in the form of an annuity that a defendant purchases to make the payments due to you. You may ask, "Why can't I get the amount I am awarded in court in one lump sum?". Depending on where you live that may be an option, though more and more states are requiring that structured settlements be used.
•Designed to help you get the most money for your structured settlements & annuity payments •Only works with the finest direct funding sources •SSA wants to arm you with the right information to make an important decision The Structured Settlement Alliance can get you cash now for future structured settlement or annuity payments. CompareLenders.com
Life Insurance The reason for the structured settlement annuity is to protect you as the person getting the money, from spending the money in a careless manner that jeopardizes you future financial well being.
Is there an advantage to submitting a premium payment with my term life insurance application Yes – there is a definite advance to submitting money with your term life insurance application. Many people don't realize that your term life insurance policy will not be effective until the first premium has been paid. It's unfortunate, but we have seen many untimely deaths happen when people were in the midst of the term life insurance application process.
Insurance Life Premium Let's look at a real life example.
Dental Insurance What is Dental Insurance Dental insurance is generally provided by the employers to their employees. In a dental insurance a monthly premium has paid to the dental insurance company. determined amount of coverage is provided to individual or family depending on the premium paid. The employers subscribes to the dental insurance in order to provide the coverage to their employees and their families. Though premium is generally paid by the employees, sometimes the employers might pay for some basic cover for their employee as a employment perk.
Health Insurance Policy In 1973, Tiffany Adams was born in Memphis with severe brain damage that her parents blamed on her doctor. They sued for malpractice and received a cash settlement of $250,000 in one lump sum.
Unless it is agreed and included in a marital settlement agreement, one spouse covered by health insurance is not required to pay health insurance premiums for the other spouse upon the dissolution of the marriage. However, the spouse without coverage is given the right to continue the insurance coverage at his or her own expense up to 3 years at the same or similar rates. In order to exercise this right, covered spouse must notify the other spouse's insurance plan administrator of the election to continue coverage within 90 days after entry of the final judgment.
Health Insurance The family's attorney recommended investing the money to create an income that would help take care of Tiffany over the course of her life.
> News Watch out for life settlements for life insurance Tue, 13 Feb 2007 The National Association of Securities Dealers in America, NASD, has warned elderly people about selling off their life insurance in cash transactions that are being termed life settlements or senior settlements. The life insurance policy that is no longer required is sold to a third person (such as a business) for more than its cash surrender value but less than its overall net death benefit.
Insurance Life Premium Return Well, as this is not a success story, you can see where this is going.
Whole Life Insurance Policy Tiffany's parents wastefully put the money in to the father's business. In a little over 10 years the money to care for Tiffany's was gone.
Auto Cheap Insurance A few years later the parents divorced and Tiffany receives no child support.
Insurance Life Premium Whole If that wasn't bad enough, in 1987 Tiffany was in an accident with her wheelchair that caused severe facial injuries. The family won a new settlement from the wheelchair company.
Cheap Home Insurance Policy This time, however, Tiffany's mother insisted on a structured settlement for the payments. This allows Tiffany's mother to take care of her daughter without the fear of having someone take advantage of her settlement.
Home Insurance Accidents and malpractice are things you can not control. What you do, however, with the settlement money you receive is something you can.
Care Insurance Long Premium Be prepared and be informed. Protect you and your family by finding out more about structured settlements and structured settlement annuities.
Auto Insurance Company Michael DeGeorge has done extensive research on structured settlements and shares a wealth of information on his website
http://structsettle.gitgoingnow.com. Download your free Structured Settlement Annuity information today.
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