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Interesting Hacks about New York Life Structured Settlements

Interesting Hacks about New York Life Structured Settlements-A Sensible Solution At A Difficult Time.

Structured settlements are a negotiated settlement of a personal injury claim in which the defendant agrees to make periodic payments to the plaintiff. New York Life Structured Settlements offers the following services;

  • Guaranteed payments over a period of time.
  • Payments over a person’s lifetime.
  • Security of a quality funding vehicle.
  • No exposure to the ups and downs of the market.
  • Periodic lump-sum payments.
  • Funds to pay college cost.

A structured settlement is a negotiated settlement of a personal injury claim in which the defendant agrees to make certain periodic payments to the plaintiff in exchange for a release of liability. To construct a structured settlement, all parties of the claim negotiate an arrangement that matches a series of scheduled payments to the plaintiff’s needs.

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Typically, annuities from a life insurance company are purchased to fund the defendant’s obligation of periodic payments. These funding vehicles can produce a stream of periodic payments to the plaintiff. Structured settlements can be very simple, while some arrangements can be quite detailed.

In general, structured settlements may have some or all of these elements:


  • Guaranteed payments over a period of time.
  • Payments over a person’s lifetime.
  • Security of a quality funding vehicle.
  • No exposure to the ups and downs of the market.
  • Periodic lump-sum payments.
  • Funds to pay college cost.

The Advantages of Structured Settlements

Regardless of a particular settlement’s design, structured settlements may have distinct advantages over an immediate lump sum. In most cases, both the defendant and the plaintiff will benefit.

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The defendant (who may be a corporation, liability insurer or government agency) benefits through a faster, more efficient resolution, reducing the cost of prolonged litigation. Also, by assigning the obligation of payment to a financially sound third party, the defense can feel secure knowing all future payments will be met.

Plaintiffs benefit by securing a guaranteed income tax-free stream of payments. Free of the pressures of money management and the potential for dissipation of funds, the plaintiff can enjoy the peace of mind of financial security.

While structured settlements obviously have these advantages, consideration should be given to individual situations before making a final decision.

Several of the major advantages for considering a structured settlement are:

  • All money paid to a plaintiff for physical injury damages under IRC Section 104(a)(2) can be income tax-free regardless of when received.
  • The results of the settlement are guaranteed.
  • There is no cost for the management of the settlement funds.
  • Periodic payments may be designed to specifically fit the needs of the plaintiff.

New York Life structured settlements

make promises to policy owners: to help provide the peace of mind their family requires through every stage of the grieving process. If you’re visiting this page, chances are you’re going through a difficult time.

The Promise In Each Structured Settlement

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Encouraged by the U.S. Congress since 1983, structured settlements serve as an alternative to lump sum settlements by providing a secure, long-term stream of income tax-free payments tailored to meet the future needs of policyholders and payees.

While these payments are often paid over many years and perhaps even for a lifetime, the premiums for the annuities funding the payments are paid at the time of settlement.

Parties to a structured settlement therefore receive a promise: a promise that the company responsible for their future payments will be there, strong and solvent, decades from now to pay its long-term obligations.

As a result, New York Life’s management team has one overriding objective: to manage for the long term by ensuring that the right decisions are made today, so that New York Life can continue to meet its obligations tomorrow and far into the future.

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