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The Pension Company firmly believes that a structured settlement annuity – with its guaranteed
benefits and tax-free income – is the best foundation for an injured individual’s financial plan.
However, certain additional financial needs or concerns can be addressed using other financial
products. These other products, when used in conjunction with an annuity based structured settlement,
can complete a well-rounded financial plan that provides an injured party with the proper level of
financial security.
Life Insurance
Many seriously injured individuals rely on family members to provide medical and daily living
services. If such a family member were to pass away, the cost to replace his or her services
could be significant. In such situations, life insurance on the family caregiver(s) is warranted.
Disability Insurance
Even with the receipt of settlement proceeds, many seriously injured individuals still require
some financial assistance from relatives. If such a relative were to be injured and unable to
earn a paycheck, the amount and/or quality of care for the claimant could be compromised. In
such situations, disability insurance on the relative is warranted.
Investment Planning
When a significant sum of cash is part of a settlement, additional professional investment
planning is warranted. A combination of stocks, bonds and cash is often recommended and performance
must be monitored. TPC, in partnership with some of the nation’s most respected financial institutions,
can offer investment products with no ongoing consulting or transaction fees charged by us.
Health Insurance
Obtaining health insurance for an injured individual can be problematic. Coverage rules and
restrictions vary by state. TPC can help sift through the options and find and assess the available
alternatives.
Special Needs Trusts
Injured individuals often rely on services provided through Medicaid. Special Needs Trusts can be
used to protect a claimant’s eligibility for Medicaid benefits while helping to pay for other needs
and services not covered by Medicaid.
Estate Planning
In larger cases, estate taxes can be triggered when the claimant dies. TPC offers products and advice
to help minimize and/or fund estate taxes at the claimant’s death. Alternatively, if the claimant
is a minor with wealthy parents, estate taxes can be a serious concern for the parents who seek to
leave their estate to the injured child. Again, TPC offers products and advice that can increase
wealth transfer from parents to an injured child.
Supplemental Structural Settlement Trust Services
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