structured settlement company
What is a Structured Settlement Annuity?
A Structured Settlement Annuity (SSA) provides tax-free, periodic payments over a period of time, specifically designed to meet an injured party's needs. Specialized consultants facilitate the settlement process, as well as help design and negotiate the structure.
What are the product features?
- An income-tax-free series of payments†
- A guaranteed, steady stream of payments
- If you have the flexibility to design a payment schedule as part of your personal physical injury settlement, including payments guaranteed to last your entire life, consider the following facts:
- A Pacific Life structured settlement provides payments that last as long as you need to replace lost earnings, pay for ongoing medical expenses, or provide for a loved one.
- You may defer payments for specified time frames to pay for future needs such as college education.
- A structured settlement annuity allows you to set aside lump-sum payments for large purchases such as remodeling your home or buying a car.
Insurance products are backed by the financial strength and ability of the issuing company.
†Excludable from gross income under Internal Revenue Code (IRC) Section 104(a)(1) or (2).
Pacific Life is a member of the National Structured Settlement Trade Association
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state, or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance product and guarantees, including annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options.
FAQs
Can I sell my annuity?
Do I have to sell my entire annuity?
Should I sell my annuity?
How long does it take to get a quote?
How long will it take to convert my annuity into a lump sum?
Is J.G. Wentworth selling me another annuity?
What are some estate planning concerns regarding my annuity?
Will I lose the benefits of tax-deferred interest and gains?
What are the direct tax implications of selling my annuity?
What if I received an annuity as a gift or through an inheritance?
Is it a problem if my annuity contract has a “No Surrender” clause or a “Surrender Fee?”
Can you e-mail me a quote?AnnuityNearly 100 million Americans have prepared for retirement by purchasing annuities. It can make good sense given that fixed annuity payments deliver you a reliable flow of income.
But if an annuity no longer fits your needs, you don’t have to feel trapped. You can liquidate it to free up your cash quickly – and use that money for current expenses or for reinvesting.
J.G. Wentworth is one of the most experienced companies when it comes to purchasing annuity payments. And we can help you decide whether selling your annuity payments is the right move. If it is, we’ll help you get it done – and get your cash back in your control.
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