Archive for the ‘Finance’ Category
What is a Structured Settlement?
May 12th, 2011 |Annual Compensation Payments
A structured settlement is a court-ordered set of periodic payments which stem from a lawsuit for damages or a legal agreement to settle damages in a tort case. The structured settlement calls for compensation payments for damages or workers’ compensation and is subject to the Internal Revenue Code Section 104.
Structured settlements have only been around for a generation or two, as the first structured payment plan occurred in a British court case in the 1970s. This type of payment replaced lump sum payment plans, which were the rule in damage claims before that time. The innovation …
What Is Car Insurance?
March 7th, 2011 |Is there anything more confusing than shopping for car insurance? How can all those claims on TV that go “At ABC insurance our insureds save $400 over insurance with XYZ company” when XYZ company is making the same claim about ABC. Who’s fudging who?
Car insurance can be really complex and that’s how those commercials get away with their claims. The fact of the matter is each company will have a class of insured who has elected specific coverages that will be cheaper than another company. Nobody is comparing apples to apples and that’s not doing the consumer any favors.…
How To Qualify for the VA Pension Benefit – Getting What You Deserve
January 13th, 2011 |After you have honorably served your time in the military during a war, you want to know that you will be honored and recognized when you rotate back home. Thankfully, that is what the Department of Veterans Affairs (VA) is there for and there is a VA benefits application. Of course, it’s not as simple as sitting on your couch and receiving your pension; you have to get out there and do some work to show that you qualify. It may seem like common sense to you, but when dealing with a large entity like the VA you have to …
