What
is a Structured Settlement
A Structured Settlement is an alternative method of receiving
payment from a personal injury or fatality claim. Payment
is made over time, on a periodic basis, rather than a traditional
single lump sum payment. This type of settlement consists
of a cash payment up front to pay off immediate needs as
well as the stream of periodic payments.
These periodic payments are
individually designed to fit your personal financial needs.
The Structured Settlement may include lump sum amounts at
various intervals, in addition to the monthly payment stream.
While the lump sum settlement is the traditional approach
to settling liability claims, the many advantages of periodic
payment settlements have made them popular and frequently
selected settlement options.
If you decide on a Structured
Settlement, you will receive a larger total future pay-out
than you would by taking the cash settlement today!
|
