Written by Jovan Johnson, Esq., Structured Settlement & Annuity Specialist
Prudential is a Newark, New Jersey based-financial services company that pays claimants according to the terms of their structured settlement annuities. Structured annuities provide future payments on behalf of defendants or their insurers in personal injury, wrongful death, and workers’ compensation cases. Prudential also manages settlement annuity payments for minors and structured attorneys fees. Claimants and their lawyers may agree to payments over time to help claimants manage their money or support their needs over a long period of time.
Are Structured Annuity Payments Taxable?
No, structured settlement payments that are based on physical injury, wrongful death, and worker’s compensation are not normally taxable. The tax status of a particular annuity may be found in the annuity contract or confirmed by contacting a team member at Prudential.
Can You Sell Your Prudential Structured Settlement Annuity?
Yes, you can sell rights to your Prudential structured settlement annuity payments. Selling payments will result in the rights holder receiving less money than that contracted payment amount because of factors like the time value of money, transaction fees, and profit margin.
Contact us if you’d like a free quote for some or all of your payment rights by completing the form that appears on this page or calling us at (877) 547-3672.
Who Are Prudential’s Settlement Annuity Competitors?
Prudential Contact Information
Website: www.prudential.com/advisors/structured-settlements
Prudential Structured Settlements
655 Broad Street
Newark, NJ 07102
Phone: (800) 521-5774
Email: ssasales@prudential.com
About the Author: Jovan Johnson, Esq. is a structured settlement & annuity specialist with 12 years of experience, based in California. He has also practiced as an attorney in consumer and small business bankruptcy and debt settlement. Annuity Freedom has been helping clients sell annuity payments since 2017.