Structured Settlement Annuity

Definition of "Structured settlement annuity"

Kathi Obendorfer
Kathi Obendorfer Keller Williams Realty

Single premium immediate annuity purchased to fund a structured settlement. This product is purchased when the injured party (the plaintiff) wishes to have a monthly income payment for life and the insurance company (the liability insurance company providing coverage for the defendant) wishes to minimize the sum required to be paid to the plaintiff.

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