Despite Economic Crisis, Insurance Is Still a Good Investment

Even during the ongoing global economic recession, life insurance companies are hopeful in maintaining investment grade ratings according to a new Moody’s report. Now that’s a relief for anyone receiving structured settlement annuities from a physical injury or wrongful death claim.

Structured Settlement Annuity

Judging from the new report, life insurance carriers are secure enough to withstand the financial and economic crisis because of their solid balance sheets. The insurance industry is doing fine so injury and accident victims should feel encouraged to choose structured settlements as means of reliable tax-free income. In fact, the federal tax code has been endorsing structured settlements to physical injury victims since 1983.

However, the option to sell all or part of future annuity payments is also available to those who immediately need liquid assets to start up a business, buy a home, provide for emergency situations, pay for college, or other such investments.

Companies like Woodbridge Investments help annuity holders sell their annuities for a lump sum. Woodbridge is one of the pioneers in the field of annuity sales and has purchased close to one billion dollars in payments since 1993.

Let us know if you need help figuring out what to do with your structured settlement annuity.  Our advisors are always here to help.