Month: February 2019

Article 2.3 Transfers of Structured Settlement Payment RightsOriginally Posted on December 28, 2014, last updated on December 22, 2014 and reposted on February 28, 2019

Article 2.3 Transfers of Structured Settlement Payment Rights

 

10136(c)(6)  How do They Come Up With These Calculations?

 

10136(c)(6) Mandates the transfer company to show you in the Disclosure Statement what the value of all structured settlement payments to be transferred is worth today, using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the United States Internal Revenue Service, otherwise known as the “Discounted Present Value”.

 

First, let’s state 10136(c):

10136(c) The transfer agreement shall be written in at least 12-point type and shall be complete and without blank spaces to be completed after the payee’s signature. The transfer agreement shall set forth clear and conspicuously, and in no less than 12-point type, all of the following:

 

10136 (c)(6) is the sixth (6) subdivision of thirteen (13) subdivisions under 10136(c), which states:

 

(6) The discounted present value of all structured settlement payments to be transferred and a statement that “This is the value of your structured settlement in current dollars.” This amount shall be disclosed in the form prescribed in subdivision (b).

 

This is a critical amount to be disclosed, because this is the very explanation from where the transfer company base their calculations in figuring out what “some” of their cut will be for the transfer.  They base some of their calculations according to what is utilized by the Internal Revenue Service.

 

Having trouble understanding?  Don’t feel bad, or embarrassed.  Contact an independent professional adviser with expertise in this field, which can explain the disclosure statement to you in detail.

http://earlycash4u.com

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Originally posted 2014-12-28 23:32:28. Republished by Blog Post Promoter

The post Article 2.3 Transfers of Structured Settlement Payment Rights<span class="entry-meta">Originally Posted on December 28, 2014, last updated on December 22, 2014 and reposted on February 28, 2019</span> appeared first on Structured Settlement Expert.

Amount of Structured Settlements in the United States 2014Originally Posted on December 23, 2014 and reposted on February 27, 2019

Block 20.1 Article 2.3 Transfers of Structured Settlement Payment Rights

Amount of Structured Settlements in the United States 2014

There is no conclusive amount from a public source according to structured settlement experts, because “those involved in settling claims and financing periodic payment arrangements are not required to report the data publicly.”(see italics below)

We do however have figures of annuity-based structured settlements from 2013-2008, which comprises a majority of the structured settlement industry: 

·         $5.13 billion in 2013

·         $4.8 billion in 2012

·         $4.97 billion in 2011

·         $5.5 billion in 2010

·         $5.4 billion in 2009

·         $6.2 billion in 2008

Some figures lessen as the years progress, not because the volume of structured settlements lessen, but because the interest rates decreased.  The volume of personal injury claims has increased.  Personal injury claims increase every year.

Independent professional advisers are carved into the structured settlement landscape to assist claimants navigate this billion dollar industry.  Why go up against life insurance and casualty insurer giants alone? 

Figures and quote gleaned from “Structured Settlements and Periodic Payment Judgments” October 2014 Hindert, et al

The post Amount of Structured Settlements in the United States 2014<span class="entry-meta">Originally Posted on December 23, 2014 and reposted on February 27, 2019</span> appeared first on Structured Settlement Expert.

Structured Settlement Expert 800.200.4384Originally Posted on June 25, 2015, last updated on December 29, 2015 and reposted on February 26, 2019

Structured Settlement Expert 800.200.4384

Originally posted 2015-06-25 20:03:13. Republished by Blog Post Promoter

The post Structured Settlement Expert 800.200.4384<span class="entry-meta">Originally Posted on June 25, 2015, last updated on December 29, 2015 and reposted on February 26, 2019</span> appeared first on Structured Settlement Expert.