_____ annuity is a special type of single premium immediate annuity issued by a life insurer and its terms are negotiated by the plaintiff, the defendant, and their attorneys.
A)Structured settlement
B)Accumulated
C)Surrender value
D)Unstructured resolution
E)Flexible resolution

Question

Quizplus · Accepted Answer

A structured settlement annuity is specifically designed for settling legal disputes where the payment terms, including the amount and duration, are agreed upon by all parties involved (plaintiff, defendant, and their attorneys). This arrangement allows for the settlement of claims in a way that can provide a plaintiff with a steady income stream over a period of time, rather than a lump sum payment.

_____ Annuity Is a Special Type of Single Premium Immediate