When planning for the plaintiff’s future needs, Paramount’s objective is to empower injury victims and their families to regain control of their lives following the settlement of their case.
We believe that every plaintiff deserves the opportunity to craft a personal settlement and benefit protection plan; your personalized financial roadmap that can provide guaranteed benefits for the uncertain times ahead.
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PAUL ISAAC, JR.
LORI NASON
PAUL ISAAC, ESQ., ChSNC
JOHN RICCARDI, ESQ., MSCC, ChSNC
JESSIKA SCHREIBER
RYAN COLLINS
PAUL BARDEN, ESQ., ChSNC
Acting in the plaintiff’s best interests allows Paramount to focus on the plan rather than any one specific “financial product.” Every case that our advisors consult on begins with a plaintiff’s Needs Assessment and with Paramount’s experienced and highly trained advisors.
Planning allows our advisors to see the full picture of the plaintiff’s current and future government benefit eligibility, future medical expenses, home care, and other often-overlooked needs while addressing their future personal and financial goals.
If your only exposure to the term “structured settlement” has been through daytime tv commercial jingles, you’re not alone.
But, a structured settlement annuity is so much more.
Structured settlements offer injury victims the opportunity to put a select amount of settlement dollars into an annuity, and custom-tailor future guaranteed and tax-free payment streams.
These payment streams can even be guaranteed for the life of the injury victim, offering monthly, guaranteed income that cannot be outlived; talk about peace of mind!
No – absolutely not!
While there are certain instances where it may make sense to put the entire amount into a structured settlement annuity, there is no requirement to do so.
That is why Paramount’s planning process and the survey linked above are so important. At Paramount, we want you to thrive following the settlement of your case. That means, using funds to pay down debts, having cash on hand for immediate needs, and finding the right amount to fund a structured settlement.
No, once a structured settlement is locked-in, the payments that you have selected are guaranteed.
One of the reasons that structured settlements play such a critical role in the lives of plaintiffs is that future structured payments are not impacted by downturns in the stock or other traditional global money markets.
Your selected structured settlement payments are never in jeopardy in the face of a financial crisis.
Yes!
When Paramount is involved early in the settlement process and the settlement is properly planned, future payouts from a structured settlement annuity are tax-free.
This means, unlike traditional investment solutions, the funding amount, plus all interest that the annuity yields is paid out tax-free.
Yes, when planned properly, structured settlement payouts are guaranteed.
If you elect for lifetime payments, those payments will be made every month for as long as you live; if you select a lump sum payout in 10 years, that lump sum is guaranteed to pay out; and if your plan included both, then all payments are guaranteed.
You can even name beneficiaries to the payouts, so that in the event of unforeseen death, future guaranteed payments flow directly to the named beneficiary, rather than an estate – just like an insurance policy.
Unlike a traditional investment account or portfolio, structured settlement annuities do not have annual or ongoing fees.
Structured settlement advisor commissions are based upon the funding amount of the annuity and are highly regulated, and universal across all annuity providers throughout the country.
Further, Paramount charges no fees for initial planning sessions, or long-term account management of the structured settlement.
Structured settlements offer unmatched creativity and flexibility in terms of payout scenarios. You can start payments immediately, or defer the first payment out 20 years.
This is one of the reasons that we stress the importance of planning sessions. These sessions allow us to get an understanding if what is important to you and how the settlement funds can positively impact your future.
Let’s start planning for your future today by answering the questions in the survey below. The answers provided will provide the insight we need for our initial planning session.
Following this initial session, Paramount will provide you with a comprehensive report that includes a Needs Assessment, future health insurance outlook, and more for your own reference and record-keeping.
Let’s start planning for your future today!