The last thing an employer-sponsor wants following termination is to worry about meeting future benefit obligations to plan participants and their beneficiaries. Here's where Presidential Life's terminal funding expertise can help. Through a terminal funding arrangement, Presidential can set up the annuity-based mechanism to meet all the plan's future benefit liabilities.
Structured settlements are awards to individuals resulting from personal injury lawsuits.
Presidential Life's broad-based expertise in the structured settlement arena can give you the edge you need. Frequently, the cash needs of an individual whose life expectancy has been shortened because of accident or illness increase dramatically. Finding the cash to meet those needs can often be made easier with a Presidential Life rated or substandard annuity. A rated or substandard annuity allows an individual with a shortened life expectancy to receive a higher lifetime annuity income than would be payable to someone of the same age with a normal life expectancy. Increased payments help make it possible to meet increased living costs, or to pay the increased premiums on a rated life insurance or long-term care policy.