EQUITY INDEXED ATTORNEY FEE STRUCTURE
This option is identical to the fixed attorney fee structure option as it is also an annuity, but these have an equity indexed rider which allows the payments to go up based upon market performance. This option gives lawyers exposure to the upside of the market without the downside risk. Interest rate performance is tied to the S&P 500® index. Payments can currently increase by up to an annual maximum of 5%. If the index is flat or decreases, the payments remain the same and can never go down. This is called annual ratchet up. This is a unique solution that gives more potential positive upside to lawyers looking to structure attorney fees with a traditional annuity. Like with a fixed annuity, the plan can’t be changed once it is finalized.
This is a unique solution, from Pacific Life, that gives more potential positive upside to lawyers looking to structure attorney fees with a traditional annuity. Contact us today to get a quote.
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