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A Guide to Annuity Status Calls and How to Handle Them
When a structured settlement is agreed upon, an annuity will be purchased. A contract is set up between the injured party and the employer - in the case of a workplace-related matter. The annuity terms are determined to protect the wronged party, and the annuity will receive regular interest payments to preserve the value of the structured settlement.
If you've previously been awarded a structured settlement, you may be subject to annuity status calls. Let's look at the best ways to handle these types of calls.
Why am I Receiving Annuity Calls?
You may be receiving calls from companies who want to encourage you to sell or change your annuity. There are many different types of annuities available; immediate annuity is the most common type if you've been in an accident. These annuities start paying an income regularly soon after purchase.
Deferred income annuities (DIAs) are for those looking to start a pension fund. In this case, the payments will be deferred until later, often twenty or more years into the future. Annuities are also available that will continue to pay out to your family after your death.
How to Handle "Annuity Status" Calls?
Annuity status calls are often a nuisance, and if you're happy with your structured settlement and don't want to cash it out or make changes, there are several things you can do. You may like to block callers' numbers so that they can't call you again. There are many call blocker apps available for cell phones, which generally work well.
If you answer an annuity status call, you can calmly say that you're not interested and then hang up. Don't consent to being contacted by the company again. If you've received lots of annoying calls, you may like to talk to your phone company and report the caller's number. Many providers can offer free advice, products, or services that can help you block unwanted calls.
Need Help with Your Structured Settlement? Contact Black Square Financial today!
Having financial struggles is normal, but it's imperative to take action and solve them to meet your personal needs. Knowing how to handle annuity calls and get valuable information is essential.
Black Square financial is a BBB accredited business that has achieved an A+ Rating by BBB
. We offer advice tailored to individual clients and structured settlement solutions to help individuals solve their financial problems. Contact the team today at 1 (866) 356-5165