Index Age Settlement For Free

An alternative to a lump-sum payout, structured settlements are periodic payments typically made to a plaintiff who wins or settles a personal injury lawsuit. Instead of receiving a lump sum of money for damages, the defendant makes a series of scheduled payments to the plaintiff over time.

A rated age is an opinion or "impaired risk rating" of an underwriter at the structured settlement annuity issuing life insurance company, which estimates that the plaintiff (measuring life) may not live a normal lifetime and is willing to accept the risk of providing lifetime payments at a lower annuity premium cost ...

Upon review of the medical documentation, the annuity companies assign the client a ?rated age.? Essentially, a rated age is the statistical age of a client due to their injuries, and it is based on actuarial tables.

What is a Rated Age? Based on a number of factors, a life insurance company will issue a ?rated age?, which reflects an individual's life expectancy. If your client was involved in a catastrophic accident, he probably has a limited life expectancy.

A structured settlement purchasing company, also known as a factoring company, purchases all or a portion of your future structured settlement or annuity payments in exchange for a lump sum of cash. There is no ?loan? involved. When selling your payments, it's important to deal with a reputable company.

With a rated age, when an annuity company provides quotes for lifetime payment, the pricing (and the subsequent return on investment) are based on the client's rated age rather than on the client's biological age.

Minors typically receive structured settlement payments through an annuity provided by a life insurance company. They receive a series of periodic payments over a specific time covering the amount of the judgment or settlement in the court case they won or settled.