Settlement Annuities
By Patrick Hindert, Beyond Structured Settlements, April 8, 2014
This post has been viewed 3,873 times.
This post has been viewed 3,873 times.
The introduction of two non-traditional “structured settlement” products underscores the expanding role of annuities in personal injury settlement planning (settlement planning) but also raises fundamental questions about suitability, due diligence and industry education.
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Based upon the most recent Towers Watson Annual Study of United States Tort Cost Trends, and utilizing Tower Watson’s 2002 “best estimate” of payout percentages, S2KM estimates more than $160 billion per year of United States tort costs have represented payments to personal injury victims and their attorneys since 2006.
Read original articleTags: Personal Injury, Settlement, Settlement Annuities, Structured Settlement
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