Lock boxes are also used by payment servicing companies to collect the payment from an an annuity issuer when a payment srervicing agreenent is in place to divide the payment between the annuitant and investors in a payment stream (or payment streams) that the annuitant has sold. Who is Ve...
” which is the industry term for the fee companies charge to purchase your annuity and provide you with a lump sum of money upfront in exchange for
A structured settlement by annuity may be suggested, the other choice being receiving a lump sum payout. The duration or how long the assistance will be required, the severity of the problem and the forecasted rate of inflation may be discussed. The lawyers of both parties will be participants...
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