What is a Structured Settlement?
Structured settlements are a method of compensating injury victims. A structured settlement is a voluntary agreement reached between two parties, typically a plaintiff and a defendant in a law suit, under which the injured person is compensated for damages in the form of a stream of periodic cash payments purchased for the plaintiff on behalf of the defendant. Structured Settlements are a completely voluntary agreement between the injury victim and the defendant.
How are Structured Settlements & Insurance Annuities paid?
Under a structured settlement agreement, an injury victim doesn't receive compensation for their injury in one lump sum. The victim receives a stream of tax free payments tailored to meet future medical expenses and basic living needs. Sometimes the recipient prefers to receive all the money at once from the settlement.
How can I cash my Structured Settlement for a lump sum payment?
You can find a structured settlement broker or structured settlement company to purchase and buy your Structured Settlement, Insurance Annuity, Lottery Winnings, Royalty Payments or Inheritance if you want to sell your structured settlement.