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A Structured Settlement is essentially an agreement under which an insurance company agrees to pay an individual a predetermined amount of cash for a fixed length of time if the individual meets an accident. The documents generated in a structured settlement include an agreement, a qualified assignment, an annuity application, a court order if a claim is made by a minor, and an annuity policy.
Payments for a structured settlement annuity can be made for the duration of the life of the claimant. The amount paid can comprise of equal installments, installments of varying amounts, and lump sums. The payments from a Structured Settlement Annuity are free from income-tax and are guaranteed by contract. Since a structured settlement annuity is meant for long-term financial security, it is important to get an assurance of the credentials of the annuity provider.
Settlement Capital Corporation (SCC) is a specialty financing company that provides liquidity to owners and holders of periodic payments resulting from structured settlements, annuities, lottery winnings, government and commercial contracts and other secured future payment obligations.
Considering Settlement Capital's experience, knowledge, relationships and financial strength, SCC offers customers, brokers, attorneys, agents, financial advisors and consultants the opportunity to work with the industry leader in the secondary market for structured settlements, single premium annuities and other payment obligations.