Structured Settlement Buyers Don't Speak Your Language
Decoding the jargon used by
structured settlement buyers
If you have ever entered into any type of legal contract, you
know you need a lawyer to decipher the wording, especially if the
contract was written by a lawyer.
Sometimes you feel like these lawyers
have a secret society to keep each other in business. Why can't they
use plain, simple English?
Structured settlement buyers are just as bad.
weird- sounding technical terms that leave you thinking they are
speaking a foreign language.
Do they want to buy your settlement? If
so, why not speak and write in a language you can understand?
Settlement, we speak with you in plain English. We explain
every detail to ensure you are completely confident that you understand
Here is a quick guide to common terms you might encounter.
Jargon Used By Structured Settlement Buyers
– the one who holds the contract
– the contract between you and the insurance company
- Annuity with
compounding benefits – interest added onto the
payment every year
– the person that will receive the structured settlement
payments after your death
– the amount the insurance company is required to pay
– you. The person requesting or receiving the payment
– the organization or person defending the legal action
Annuity - when payments are put off, or delayed
until sometime in the future
claim – claims against employers for racism,
discrimination, wrongful dismissal, etc.
- Fixed annuity
– an annuity with a fixed return rate
benefit – this guarantees payments whether the
claimant is alive or not
- Life only
annuity – the opposite of a guaranteed benefit.
Payments stop when the claimant dies
- Lump sum
– one payment, no monthly or annual payments
annuity – an annuity that is subject to taxes
annuity – not taxable
injury claim – if you have been injured either
mentally or physically
– a person or organization taking legal action against
another person or organization
For more terms or more information, contact Direct Settlement. We
are here to help you make sense of the structured settlement