Evolve International Wire Program

Evolve's International Wire Program is the secure way to ensure non-U.S. citizen settlement recipients receive their annuity payments.

The Problem
Many structured settlement recipients who are not citizens of the United States are not offered structured settlements due to perceived logistical issues and concerns or find it difficult to receive their structured annuity payments. Most life insurance companies will only send structured annuity payments to banks domiciled in the United States. Establishing a bank account in the United States can be difficult for non-U.S. citizens due to logistical concerns, legal requirements since 9/11 and possible language barriers. Even when establishing a bank account in the United States is possible, forwarding settlement proceeds to a non-U.S. bank may be problematic and time consuming.

The Solution
The Structured Settlement Foreign Wire Program provides a safe, secure, and simple method to overcome the barriers associated with non-U.S. citizens who want to receive the benefits of a structured settlement annuity. The Structured Settlement Foreign Wire Program is a powerful tool that has been developed by Integrated Financial Settlements, Inc. (IFS) and Evolve Bank & Trust for the exclusive use by SFA and other IFS subsidiaries.

Safe
The electronic transmittal of structured annuity payments reduces the possibility of theft or wrongdoing often associated with checks. Secure Payments are disbursed according to the settlement recipient’s specific instructions. Direct deposits and wires remain in effect for the duration of the periodic payments or until the settlement recipient notifies Evolve Bank & Trust in writing of any change.

Simple
The life insurance company direct deposits the structured annuity payments into the IFS Foreign Wire Trust Master Account on behalf of the recipient at Evolve Bank & Trust on the scheduled payment date. Then payments are wired to the settlement recipient’s bank account (at the bank of his/her choosing in the home country) within 5 business days of receipt.

To contact a Structured Settlement Consultant, click here.

To download client information on Evolve's International Wire Program in English, click here.

To download client information on Evolve's International Wire Program in Spanish, click here.

To download attorney information on Evolve's International Wire Program, click here.

For more information on Evolve's International Wire Program, please contact a Structured Financial Associates (SFA) Structured Settlement Consultant today.