Skyrocketing gas prices and sinking investment portfolios are taking a toll. Prices were already heading upward before the Iran war, but now, people are seeing a real hit to their pocketbooks. Those with structured settlement annuities are in a better position than others to weather the storm.
Structured settlement annuities provide guaranteed, tax-free income to injured individuals regardless of what the markets do or what’s happening overseas.
Funds within the annuity are backed by the financial strength of the issuing insurance company. These companies can only legally invest settlement funds in safe, government-backed investment vehicles, so holders know their money is secure.
Some structures include an inflation component. Annuity payments increase based on the inflation rate.
No one knows how long the current inflation and market volatility will last. For injured individuals who need to decide where to place their settlement proceeds, structured settlements are an attractive option to safeguard against current and future uncertainties.
For questions about structured settlements, please feel free to give me a call or contact me.
Pat Farber
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