A new video by Pacific Life gives attorneys an overview of the advantages of structuring settlement fees.
The video highlights instances where structuring fees could be beneficial:
- Retirement planning
- Children’s future college education
- Creating consistent, guaranteed income for your practice
- Reduce overall taxes
The video also provides a quick overview of Index-Linked Annuity Payment Adjustment Riders (ILAPAs). These riders increase scheduled annuity payments (up to an annual maximum of 5 percent) whenever the S&P 500 Index rises over a 12-month period. If the S&P 500 Index experiences a negative or zero return, there is no reduction in scheduled payment amounts.
The video is under 3 minutes and well worth watching. Pacific Life also has a booklet on fee structuring that provides more detailed information.
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