BrantHickey.com :: Paving Your Future

Paving your future

A Plan for the Future
A structured Settlement is a payment of money for a personal injury claim where at least part of the settlement calls for a future payment. These payments may be scheduled for any length of time - even as long as the claimant's lifetime, and may consist of installment payments and/or future lump sums. Payments can be fixed or can vary; they are structured to meet the specific needs of the claimant.

A Strong Performer
Structured Settlements provide money management with no additional fees and expenses. No matter which way the payments are designed, all income received by the claimant is free of income tax, as outlined in IRS Code Section (a) (2). As a result, individual investments are unlikely to outperform at Structured Settlement. For plaintiffs, the guaranteed income streams provide both highly competitive rates of return and built in money management services free of charge. Perhaps the most rewarding aspect of the use of a structured settlement annuity is the protection against dissolution of the most important funds ever received by an injured person, family or estate.

A Respected Long-Term Solution
A Structured Settlement is a proven, effective solution for the needs of personal injury claimants. Claims professionals, plaintiff attorneys, judges and defense attorneys advocate the use of structured settlements because they effectively meet a claimant's needs for security and provide more benefits over time than a single lump sum. Additionally, structured settlements avoid the premature dissipation of funds. Some studies show that within 3 years, 70% of people who receive lump sums are out of money, and within 5 years that number jumps to an alarming 90%.

Guaranteed Payments Mean a Secure Future
A properly designed structured settlement will provide for the long-term security of an injured party or surviving spouse, college funds for children, payments for future medical expenses and money for retirement. The payments are guaranteed by the life insurance company and/or their assignment company. Surety bonds, guarantee agreements, and secured creditor designations make structured settlements a remarkably sound investment. No other investment will guarantee a tax-free lifetime stream of payments with the security of a life insurance company. All companies utilized by BH&A have the highest ratings offered in the industry.

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