Annuities
Annuities overview
A structured settlement annuity can pay out in almost any pattern. To compare them with investment alternatives, though, there are two main types: certain annuities and life annuities. Payout options can be tailored to a claimant's needs by adjusting the payout type, payout frequency, deferral until the first payment, and even future increases in payout amounts.
Payout options
Personalize the structure to meet your needs
Period certain
Payments that arrive at regular intervals for a specific period of time. Intervals can be monthly, quarterly, semi-annually, or annually.
Lump sums
Large payouts made on specific dates in the future. The longer the wait until a payout, the larger it will be.
Cost of living adjustments
Payments can increase at a fixed rate for the life of the annuity to keep up with inflation and personal expenses.
Deferral periods
Payments can be deferred for up to 40 years, allowing payouts to grow over a long period of time.
The options
Choosing the right annuity
- Certain annuitiesOne or more defined future payments. For example, four annual amounts for college plus payments at ages 25 and 30, or 20 years of monthly payments.
- Life annuitiesPayments for life. The security of lifelong income is a valuable benefit that investment alternatives cannot provide.
- Index-linked annuitiesPayments that can rise with the S&P 500 Index but never fall below a baseline payment amount.
Talk with our brokers about your case
No pressure and no jargon. A short conversation is often the clearest way to see your options.