Archive for April, 2016
Winning a jackpot lottery, structured settlement annuity, or some other deal that results in an annuity settlement can be a very exciting and rewarding experience, but it also raises an important question: do you want the money in lump sum or annuity?
Deciding between lump sum and annuity can be a difficult decision and is one that ultimately depends on the specific person’s situation. On average, structured settlement payout are about $324,000. That’s a lot of money to be making such an important decision on. If you choose the annuity you’re guaranteed a slow trickle of payments doled out on an annual basi
A structured settlement annuity can be obtained in a variety of different ways. For example, you could be awarded one as the terms for a personal injury or workers compensation settlement, elect to choose your lottery annuity payment that way, or simply invest in one through a third party. Unfortunately, for many different reasons you might be in need of a lump sum versus annuity.
There were approximately 34.8 million individual deferred annuity contracts in place exceeding $2.58 trillion in 2013 alone. Overall, more than 37,000 Americans use some form of structured settlement money every year.
No matter how much yours may be wor