Juliette Fairley - What is a structured settlement annuity?
Juliette Fairley explains that a structured settlement annuity is a financial arrangement used in cases like personal injury lawsuits, where instead of receiving a lump sum, the injured party gets regular payments over time. This ensures long-term financial support, especially if the person requires ongoing care due to disabilities.
Video Transcript
A structured settlement annuity is typically an investment vehicle that is set up for a third party who has been a litigant in a personal injury lawsuit, for example. And rather than provide a lump sum payment to the injured party who has won a lawsuit, it is set up in structured payments so that the injured party doesn't spend all the money, they don't receive the payment right away, but rather that the payments are given to them over time for care. Usually, if the person becomes a person with disabilities, they're gonna need care throughout their life.
