It is simpler for a person to enter into an agreement with a third party to get its punitive damages paid by it in case of any injury or some mis-happening happens . Otherwise , the person have to pay a hefty amount in case a legal suit is filed such agreements are considered as Structured settlements . These agreements are used in circumstances by people of USA and Canad where in the injury on the person and the required expenses on its long term recovery is financed by the third party . For instance , Metlife Structured Settlement plan offers such flexibility to the people .
It is better to take such a structured settlement plan only through a trusted company like Metlife ,Prudential and Pacific life Settlement companies. While , before applying for a settlement structure plan here we have discussed what all you should consider before having it with Metlife company in USA.
Metlife Structured Settlement
As per Metlife , A structured Settlement claim agreement is an agreement between a claimant and a defendant to which the claimant receives some receipts from the defendant in case he is going to win a suit but he settles it with a regular income receipts from the defendant against a long time injury .
A contract made through settlement through Metlife Settlement Structured is a trusted option as it relieves the defendant from a sudden burden to pay such a huge amount of penalty and on the other hand it provides regular income to the claimant.
Types of Structured Settlement Offered by Metlife
Metlife in USA offers a variety of settlement options with the injured party against an injury claim . This can be applied through different structured plans of Metlife including :
1 . Qualified Assignments : Guaranteed periodic payments are made to the claimant which are tax free, provided till end of life and only to the beneficiary .
2. Non-Qualified Assignments : In this plan , payments shall be made in cases of non falling in personal physical injury or litigation for entire lifetime , tax exempted to some extent and provides reliable source of income .
3. Periodic Payment Assignments : Payment made in cases which are not eligible to claim under Qualified assignments and made to workers compensation or in litigation’s of worker compensation.
4. Structured Installment Sale : Provided in the form of annuity but linked to high capital gain tax and payments for a long time .
5. Buy and Hold : For payments in special cases of physical personal injury , physical illness and worker compensation claims .
6. Mass Torts : Developing solutions as per complex litigation’s for payments to the beneficiary.
7. Funding Agreements : To provide fundings in case business to business transactions .
How to find an Attorney or a Broker for Metlife Structured Settlement in USA ?
Metlife Structured Settlement team also offers options to defendant to receive assistance from the inhouse team attorneys of the company to settle down a settlement plan with a claimant. It becomes easy for the claimant to leave all taxes and receive regular income from the company by getting into a common understanding agreement where the broker and the attorney make agree to both .
For finding an attorney for structured settlement you can contact on the official website of Metlife in USA or you can also raise a concern on their email . Also , Metlife works with a number of established brokers in USA which are also listed on the portal where these brokers for metlife structured settlement takes all the concerns and looks for a common solution for both making a common understanding .
Claim Assistance for Structured Settlement by Metlife
The claim assistance for the defendant and the claimant is also provided by Metlife , through itits Claim assistance center, where all the receipts are to be made tax free and in the form of annuities and receipts . All claim settlements are done through the Mybenefits portal of Metlife.
The Mybenefits portal of Metlife can be registered through help of a registered broker or an assistance officer of the company can be located through the contact page of Metlife Structured Settlement Annuity portal .
Process of Structured Settlement with Metlife in USA
It is easier to contact the support agents of Metlife for Structured Settlement plans in USA , which can be bought the company of the defendant or the defendant himself or the claimant for payments made by defendant. The solutions are tailor made and are done in concern of both the parties through the agreement . To hire an attorney for this settlement in USA , you can go on the Metlife Structured Settlement Support Options .
Once , discussed with the broker or the attorney an agreement is prepared which in acceptance of both parties is executed to do a settlement with monthly payments. While the defendant is able to pay in installments while the defendant will be able to receive tax free receipts in account of injury.
Metlife Structured Settlement Contact Support
For consultation with the attorney or the broker with the Structured Settlement application or for taking the plan of annuity for settlement with respect to any claim .
Metlife Annuity Settlement Claim Support Number : 1-800-638-2704
Metlife Pensions Customer Service : 1800 638 5656
Retirement Income (Annuities) Customer Service : 1-800-638-2704
Structured Settlements Customer Service : 1-800-638-2704
For Annuities Purchased through an Agent or Broker : 1-800-638-7732
For Policies Purchased as part of a 403(b) Plan : 1-800-560-5001