LYCOS RETRIEVER 
Structured Settlements: Annuities
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Under the five-year agreement, CSC will administer and disburse payments for the client's structured settlement products, which provide a series of periodic annuity payments. CSC's life insurance and annuity BPO services team will provide full back-office services and technical support, including end-to-end contract administration, a customer call center, financial reporting and payment processing. CSC will use its Wealth Management Accelerator software, which provides a single comprehensive administration system for both asset accumulation and disbursement. http://www.csc.com.
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Structured settlement payments are not subject to income tax and are guaranteed by a legally binding contract. Annuity payments are intended for long-term financial security, so it is imperative to make certain the annuity provider is financially sound.
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The structured settlement holder should be aware that these annuity sales have specific legal guidelines that differ from state to state. These specific elements must be adhered to strictly in order to complete the transaction. Typically, the injured party receiving the payment stream must execute(sign) a new transfer and assignment agreement disclosing all contractual terms and the price to be paid.
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Allentown Morning Call - The so-called structured settlement annuity that is at the heart of many personal injury awards provides a guaranteed amount of income over a set period of years. That part of the settlement is always tax-free. But DiGangi hopes to increase the
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A structured settlement annuity provides a payment stream that is tax-free over a determined period of time. Most investment options such as stocks and bonds, real estate, savings accounts, and similar vehicles simply cannot match the flexibility and security of a Structured Settlement Annuity.
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A structured settlement is an alternative method of compensation in personal injury, physical injury, wrongful death or workers compensation cases. Instead of accepting an all-cash settlement, clients who choose a structured settlement can receive a cash portion of the settlement now and periodic payments made through a Structured Settlement Annuity.
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