Structured Settlements Definition

A structured settlement surely does offer a reliable future financial guarantee as compared to a lump sum payment given all at once. During a civil suit the defendant may be obligated to pay settlement money to a victim or they may come to an agreement on their own terms.

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A structured settlement annuity is a way for someone who wins a legal settlement to receive the payout.

Structured settlement annuity definition. A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule rather than as a lump sumas part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. A structured settlement factoring transaction is a means to raise liquidity where there is no other viable means via the transfer of structured settlement payment rights for items such as unforeseen medical expenses the need for improved housing or transportation education expenses and the like or in a situation where the individual has. Structured settlement annuity definition a structured settlement is a kind of annuity that pays out an award from a civil lawsuit by spreading the payments out over a long period of time. A structured settlement is often funded with a structured settlement annuity customized with tax advantages. A structured settlement is a negotiated stream of periodic payments for damages in settlement of a personal injury wrongful death or workers compensation claim or lawsuit. Under the terms of a settlement agreement the defendant buys an annuity from a life insurance company or similar institution which in turn makes annuity. A type of annuity. Instead of receiving all the money in one lump sum the plaintiff puts their money in an annuity which is a type of financial contract. For larger sums however a structured settlement annuity may be arranged. In this case the at fault party puts the money toward an annuity which is a financial product that guarantees regular payments over time from an insurance company. If the amount of money is small enough the wronged party may have the option to receive a lump sum settlement. Structured settlement definition definition. Our definition of structured settlement annuities would be a financial product purchased for a plaintiff by a defendant or a defendants insurance company as part of a legal settlement.