What is a structured settlement? | Cox Financial

What is a structured settlement?

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STRUCTURED SETTLEMENT PAYMENT CALCULATOR

A structured settlement is when you are awarded money from winning a legal case and you receive payments over a period of time, called an annuity, as opposed to receiving a one-time lump sum payment.

Have you ever wondered how much your structured settlement is worth today?  Using the structured settlement payment calculator, you can find out the present value of your structured settlement now.

Depending on how your annuity is structured, the present value of your structured settlement either increases or decreases with passing time.  For example, if you have an immediate annuity and are currently receiving regular payments, then the present value of your structured settlement decreases over time.  This simply means, as time passes, the smaller lump sum of cash you’ll receive when you decide on a structured settlement buyout.  However, if you have a deferred annuity, or future lump sum payment(s) as part of your structured settlement, then the present value of your structured settlement increases over time.

To find the present value of your structured settlement, use the structured settlement payment calculator.  The structured settlement payment calculator above provides you with an easy step-by-step process of entering the details of your structured settlement. That’s all it takes to understand the present value of your structured settlement or annuity.  But, remember the present value of your structured settlement or annuity constantly changes, so be sure to use the calculator at least once a month to check the current present value.  Or, simply create a free account to receive periodic automatic updates on the present value of your structured settlement or annuity.

WHAT IS THE PRESENT VALUE OF A STRUCTURED SETTLEMENT?


Simply put, the present value of your structured settlement is how much your structured settlement is worth today.

 WHAT IS A STRUCTURED SETTLEMENT PAYMENT CALCULATOR?


The structured settlement payment calculator tells you the present value of your structured settlement.  The present value of your structured settlement is determined using the current government rate for determining the present value of annuities.  The government changes this rate every month and it could either increase or decrease the present value of your annuity.

WHAT IS AN IMMEDIATE ANNUITY?


Definition of an immediate annuity: Annuity in which regularly scheduled payments start immediately.

Example: Monthly payments of $1,000.00 guaranteed payable for 30 years, payments starting January 10, 2016, with the last guaranteed payment on December 10, 2046

WHAT IS A DEFERRED ANNUITY?


Definition of a deferred annuity: Annuity in which regularly scheduled payments do not start until a specified time in the future.

Example: Monthly payments of $2,000.00 guaranteed payable for 10 years, payments starting January 10, 2026, with the last guaranteed payment on December 10, 2036