How Flexible Are The Design Options?

Utterly flexible.  There is almost no cash flow you can design that can not be priced and built into your settlement.

Duration: payments can be made for as long or short a period as you like, even guaranteed for life, if that is your preference.

Frequency: you can have payments delivered monthly, quarterly, semi-annually, or annually.

Deferral:  you can defer the start date of any stream of payments to any date of your choosing.

Lump sums:  you can build large single lump sums at particular intervals in the future.  Example: $10,000 in year 5, $20,000 in year 10, $30,000 in year 15, etc.

Joint payments: you can design “second-to-die” payments to ensure lifetime income to another person.

Secondary beneficiary: you can designate another person to receive any guaranteed payments that remain after your death.

If you’ve given these issues thought and/or reviewed the forms, it’s now time to call your settlement consultant (also known as a “settlement broker”) to begin roughing up sample plans.