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There will come a time when a life insurance policy is no longer required or wanted, especially in old age. A viatical settlement provides you the capability to regain needed financial safety. The logical thing to do in such a case like this will be to sell it and offer it up for the life settlement services. Most of the times this can work for the good of the unique life insurance policy holder as it could be sold for possibly more cash value than the policy holder might have gotten if he turned it in. This could be done with the help of life settlement services offered by a lot of qualified firms. Senior citizens would find these services very much useful if they intend to add a bit serious support to their retirement stash.

Your settlement amount would be determined by the original amount of the life insurance, the cost of the premiums, your life expectancy, the current and projected interest rates and also the health of the insurance company which is providing the insurance coverage. All these factors are taken into account when determining on your life settlement value.

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Right now, you may not think that you would need a structured settlement to settle a dispute between you and another party. However, in the long run, this will be the only way to settle the dispute, especially if the other party decides not to cooperate with you. A formal structured settlement will keep both parties together throughout the dispute, and ensure that the party asking for the structured settlement will get what they deserve.

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If you are trying to calculate the maximum theoretical value of annuity, then look no further – Settle4NoLess Fixed Annuity Value Calculator does just that. All you have to do to get an estimate of present value of an annuity is to enter the monthly payments you have been receiving (or annual divided by 12), the years or months that your payments are going to be paid for and the fixed interest rate that is in your agreement. The result will reflect the current maximum value that your annuity is worth. Continue Reading »

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Mr. Lane, a business associate and friend of my in-laws retired this year. In addition to Social Security, he began collecting monthly payments on two different annuities he started many years ago. And though the income from these annuities is enough to allow him to continue his lifestyle, he doesn’t seem to be very happy.

I overheard a conversation this man had with several people at a family gathering. He was saying that he thought retirement would be more exciting. Mr. Lane has been a widower for more than 10 years and wants more from life than the same routine he has had for the last 40 years. He said he wanted to see the world, really see the world. He was talking about non-stop traveling for the next year or more. He also spoke of buying a vacation home in the tropics. He secretly told my father in law that he didn’t have the funds to do these things. But he may be mistaken.

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Annuity is a contract

An annuity is a contract between an insurance company and an insured individual. It states the conditions under which an individual will make a lump-sum payment or series of payments. On the other side of the agreement, it will also contain the statement for obligations of the insuring party to make intervallic payments to an insured person or his or her beneficiary at a future date or immediately.

Types of Annuities

There are two main types of annuities – fixed and variable. The difference between these types of annuity is reflected in the way funds in one’s account are handled. Continue Reading »

One of the definitions for the term ”structured settlement” is as follows: “Structured settlement” means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.  For Federal income tax purposes, according to  Internal Revenue Code Section 5891(c)(1), structured settlement is an arrangement that meets the following requirements: Continue Reading »