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A structured settlement is a financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving periodic payments on an agreed schedule rather than as a lump sum. purchaser of a structured settlement is an individual or company who buys a pre-existing structured settlement. Such settlements might include payouts for lottery winnings or annuities. For example, a court ordered structured settlement pays $5,000 a year for twenty years.
The Secure Start (Flexible-Premium Deferred) Annuity allows you to make flexible premium payments into the contract, subject to the defined first-year minimum and tax-year maximum. Your interest rates are banded, and a one-percent first-year interest bonus is provided for initial contributions of $3,000 or more.