Structured Settlement Calculator. Why are they called “structured Settlement calculators”? Because they take the words “structured settlement” and simplify them to fit into a small box. You’ve probably seen those little boxes at the end of insurance forms, and sometimes those little boxes give you some very interesting data that you may not use. But let’s talk about why you would want to use a Structured Settlement Calculator.

Present Value of future payments. This future value calculator computes the current value of future payments on a structured settlement or annuities cash flow. Please feel free to include this tool on your website or blog. If you feel comfortable using it, then feel free to use it.

Life Cover premiums, inflation and death benefits. The life cover premium is what the annuitant pays as premiums to the structured settlement company in exchange for a lump sum of money upon the death of the annuitant. This lump sum is known as the payout. The amount of money in excess will be paid by the structured settlement calculator to the life insurance company.

What is the total value of all future structured settlement payments? This can also be calculated by the structured settlement calculator. Here the total amount will be determined by the life insurance company receiving the payout. This lump sum is known as the surrender value. Any interest and other taxes will be added to this total.

How much will the courts pay for my settlement? This is also an important question that needs to be answered by a structured settlement calculator. A future payment calculator will calculate how much you will receive in future structured settlement payments. The amount of your future payments will be determined by the courts, if they approve the settlement, and also how much you have agreed to contribute to the future payments.

What is the interest rate? This is another important question that is needed to be answered by a structured settlement calculator. This question is needed because different interest rates are used in different states and countries. Your lump sum award may not be equal to or greater than the interest rate used in your state.

Who is the beneficiary of my structured settlement? This is yet another question that will need to be answered by a structured settlement calculator. The calculator can determine who is the beneficiary of your payout. You will want to do research on who will receive your lump sum payments and what they plan to do with them. Many times people choose to leave their loved ones money in trust and let their heirs keep it for future generations. They may also decide to use the lump sum to start a business, fund a home or start an education.

How long before I can begin making payments? This question can only be answered by a structured settlement calculator. This calculator will help you know how many years you will need to make payments before you become entitled to your settlement money. Many times a discount rate is used when determining the life expectancy of the money. The discount rate is simply the amount of interest that is applied to your lump sum when it is received.

How much should I give my insurance company as a settlement payment? Most insurance companies base the amount of the settlement on a percentage of one’s current life. The amount of the life contingent payments is usually based on the average life expectancy of the claimant. If you have questions about the terms of the settlement payment or the manner in which it will be paid, you can research the Internet for more information. A structured settlement calculator can help you answer these questions and many more.