| |
|
Protection
from the possibility of dissipating the funds |
| |
|
Protected
by three guarantors |
| |
|
a. Assets of the
life insurer |
| |
b. Assets of the Casualty company |
| |
|
c. CompCorp – Canadian
Life and Health Insurance Corporation |
| |
|
Inflation
proof – the annuity can keep pace with
inflation |
| |
|
Individually
designed – to meet specific financial
needs for additional flexibility by keeping a portion
of the remaining settlement funds aside for emergency
needs for a fixed period of time or for life
|
| |
|
|
Management
Free – there is no cost for administration
of the funds |
| |
|
Risk Free
– no investment decisions, the capital
cannot be mismanaged |
| |
|
Financial
Advisors cannot encroach on the capital, thereby
preserving it for future use |
| |
|
In the event
of a premature death, all remaining payments
will pass to the Estate or a named beneficiary on a
tax-free basis |
| |
|
The structure guarantees
long term financial security to the
family |
| |
| Extremely
Important |
| |
|
These
unique benefits are available only at the time of settlement
of a personal injury or a fatality claim |
| |
|
Once
the annuity plan has been locked in with a life insurer,
it cannot be changed at any time, or for any reason in
the future. |
| |
|
For
these reasons, it is extremely important that the
Structured Settlement be reviewed and assessed carefully
at the time of settlement to confirm that the annuity
has been designed properly and accurately. An experienced
and knowledgeable structure broker will assist in
these procedures. |