Structured Settlement Benefits for Minors

Safety and Security

  • We only represent life insurance markets that have secured A++ or A+ ratings from the A.M. Best Company.
  • Structured settlements are not subject to the claims of creditors.
  • Structured settlements relieve the burden and expense of money management, investment decisions, and management fees.
  • Structured settlements are protected by strict government regulations. Your payments will always be secured.

Flexible

  • The benefit payment streams can be designed to meet the future financial needs of the minor.
    Examples include: funding a college education, lifetime guaranteed payments, guaranteed lump sum payment    s, and even future retirement planning.

Eliminate the Risk of Mismanagement

  • Because benefits to be paid under a fixed annuity are calculated in advance, the plaintiffs have the security of knowing the exact amount and payment dates of their periodic payments. Structured settlements provide tax free payments.There is no tax due on the principal or earnings distributed to the plaintiff, or their beneficiaries.**

Additional benefits

  • Courts invariably insist on structures for minors because structures guarantee the highest rate of return of any investment and the funds are set aside solely for the benefit of the minor; the structure cannot be invaded by unscrupulous individuals.
  • There is no need to post a bond or for annual reporting by the parent
    or guardian.
  • It is virtually impossible for the minor to dissipate the settlement funds once they have attained the age of majority.
  • The minor is still eligible for financial assistance in college.
  • Structures provide an ongoing legacy from a parent to their child.

* JP Morgan Chase, August 2005
** Structured settlements are governed by the Internal Revenue Code (IRC). Under Section 104(a)