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What is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
Wiki User
∙ 13y ago
annuity
Wiki User
∙ 13y ago
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What exactly is an annuity settlement?
An annuity settlement is a financial or insurance arrangement where the insured party receives periodic payments from the accused. The accused may then transfer their periodic payment responsibilities to an organized settlement organization.
When a series of equal periodic payments is put into an interest bearing account for a specific number of periods?
Annuity
What is the meaning of buyer of structured settlement payment?
A structured settlement is a financial or insurance arrangement whereby payment is made by a series of periodic payments. Structured settlements are now commonplace in product liability or injury insurance claims.
Periodic payments for an insurance policy?
annuity
What does an installment loan mean?
An installment loan is a loan paid with interest in equal periodic payments, in other words it is a loan that is repaid over time with the set number of schedule numbers.
Is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?
annuity
What exactly is an annuity settlement?
An annuity settlement is a financial or insurance arrangement where the insured party receives periodic payments from the accused. The accused may then transfer their periodic payment responsibilities to an organized settlement organization.
How could one obtain cash for structured settlement payments?
One can obtain cash for structured settlement payments from any of the legal financing companies. Structured settlements is a periodic payments of funds. It is received as a claimant of injured party.
When a series of equal periodic payments is put into an interest bearing account for a specific number of periods?
Annuity
In what year was the Structured Settlement Protection Act enacted?
A structured settlement is a financial or insurance arrangement, defined by Internal Revenue Code as periodic payments. The Structured Settlement Protection act was enacted during 1970s.
How is sale settlement structured?
A structured settlement refers to when a personal injury claim is paid at periodic intervals. However this can be sold so that a company buys the payments in return for a lump sum.
What are the features of a Structured Annuity?
Some features of a structured annuity include: periodic payments instead of lump sum payments, reduced legal fees and court costs, and higher interest rates.
How long do structured settlements typically last?
A structured settlement is an alternative method of compensation in personal injury cases. Instead of proceeding with litigation or accepting an all-cash settlement in one lump sum, clients who choose a structured settlement receive a cash portion of the settlement now and periodic payments made through a Structured Settlement Annuity for whatever length of time they choose. They can even choose to receive payments for their entire lifetime.
What is the meaning of buyer of structured settlement payment?
A structured settlement is a financial or insurance arrangement whereby payment is made by a series of periodic payments. Structured settlements are now commonplace in product liability or injury insurance claims.
What is a Structured Settlement?
A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called "periodic payments." A structured settlement incorporated into a trial judgment is called a "periodic payment judgment."
What is NPER in Excel?
NPER is a financial function in Excel. It returns the number of periods for an investment based on periodic, constant payments and a constant interest rate.
What is installment sales fiinance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
