"SYMETRA STRUCTURED SETTLEMENTS FINANCIAL SECURITY Symetra was one of the"
SYMETRA STRUCTURED FINANCIAL SECURITY SETTLEMENTS Symetra was one of the early entrants into the structured settlement market. We remain committed to our clients now and in the future. Customer Service Representatives are available to assist from the inception of the contract until the last payment is made. By structuring a settlement claim with Symetra, you gain the edge you deserve through experience, expertise STRUCTURED SETTLEMENTS and excellence. Annuities are issued by Symetra Life Insurance Company. Symetra Life Insurance Company 777 108th Avenue NE, Suite 1200 Bellevue, WA 98004 www.symetra.com Symetra SM and the Symetra Financial logo are service marks of Symetra Life Insurance Company. LSS-5011 11/05 What is a Structured Settlement? added beneﬁt of replacing a portion of these payments directly to the party who is to funds. If lifetime beneﬁts are designed, the receive them. Personal injury claims used to be settled worry of outliving income does not exist. merely by exchanging a sum of money for a Often defendants transfer their payment release of the claim. In contrast, a Structured Stability obligations to a third party through an Settlement may offer not only an immediate When a Symetra Settlement Annuity is used assignment agreement. The third party cash payment but also future payments to fund the Structured Settlement you gain (assignee) has the sole obligation to make the “structured” over time to meet a person’s an extra edge. Our administrative experience payments and will buy and own the annuity. ongoing ﬁnancial needs. A Structured and ﬁnancial strength provide both stability This assignment is an advantage because Settlement can be designed to provide payments and peace of mind. assignees have extensive experience in handling for a certain period of time or extend the administration of Structured Settlements. throughout the lifetime of the injured person. What types of claims are best suited The assignee can be responsive to all future to this type of settlement and questions and servicing needs. Why a Structured Settlement? payment method? Structured Settlements should be considered How are Assets Invested? Security any time a physical injury claim is being settled. Symetra’s investment portfolio strives for A Structured Settlement removes the burden They are especially useful where individuals the highest yield possible consistent with the and risk of investing and managing large require ﬁnancial security over a period of safety needed to ensure that we will meet our sums of money. It offers a predictable, time and other special needs exist such as: long-term obligations. steady source of income, and can reduce the possibility of exhausting all the settlement • Continuing medical expenses and care We diversify our assets among different bond funds while needs still exist. • Earning potential is reduced as a result issuers to limit the portfolio’s exposure to any Tax-Exemption of the injury particular segment of the economy. Cash All beneﬁt payments received in a Structured ﬂows from bonds are closely managed to • Future educational or rehabilitation provide for beneﬁt payments as they come due. Settlement of a workers’ compensation or needs exist physical injury claim are income tax exempt under current tax law. This is a signiﬁcant • Lack of experience in money The ﬁnancial stability of the life insurance advantage over “cash-now” settlements where management company issuing the annuity is important. Most taxes must be paid on the interest earned on people have neither the time nor resources to • Money is awarded to a minor or person money invested. thoroughly research the ﬁnancial condition of deemed legally incompetent a company. There are several rating companies Flexibility that specialize in this analysis. Their evaluations The stream of income can be structured to How does a Structured Settlement are a good source of information regarding meet present and future needs. Short term or work? the strength and dependability of life insurance lifetime plans can be designed because of the companies. Once the parties have agreed to settle their ﬂexible nature of a Structured Settlement. claim through the use of a Structured Income Settlement and payment amounts are agreed upon, the defendant funds its obligation by Because an injury may affect future earning buying a settlement annuity. The life insurance potential, a Structured Settlement has the company that issues the annuity makes the Symetra Structured Settlements