Structured Settlements Definition

To take advantage of the structured settlement option the claim for damages must be made in respect of a personal injury or death. Any litigator judge mediator or claims adjuster involved in significant personal injury litigation must be able to evaluate the merits of periodic payments in a particular case and to fashion a legally sound structured settlement or periodic payment judgment.

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Explains what a structured settlement is and how they work in this online article below.

Structured settlements bc. The structured settlements specialists with over 25 years of experience zlc financial is the leading provider of structured settlements in british columbia. A structured settlement is a way of paying or settling a claim for damages in a lawsuit on a periodic basis over a specified period or for life. Our firms personal injury group has successfully concluded numerous structured settlements on behalf of seriously injured claimants. Its created when a part of a personal injury settlement is deposited with a life insurance company in exchange for guaranteed tax free payments for a plaintiffs lifetime or a certain period of time. Structured settlements are an established part of north american personal injury practice. A structured settlement is a guaranteed tax free paycheque only available to people who are settling personal injury claims. Simpson company now simpson thomas associates is a trailblazer in the structured settlement field. Road victim structured 8 million annuity deal. Structured settlements are in essence guaranteed tax free annuities. Mckellar structured settlements inc. Garry zlotnik of zlc financial one of the leading structured settlement firms in british columbia said the following about our role in this field. Installment payments are usually stretched out over a period of at least five years. Anyone with a serious injury claim should consider using a structured settlement.