Structured Settlements Definition

For more about brokers see national structured settlements trade association. A structured settlement is an arrangement through which the plaintiff agrees to receive the settlement through periodic payments made on an agreed schedule instead of as a lump sum.

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A structured settlement is the result of an agreement between the parties to a personal injury case.

Structured settlements. Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. Income from structured settlement payments also does not affect your eligibility for medicaid social security disability benefits or other forms of aid. Structured settlement annuities a type of annuity that is used to structure the payment of a significant lump sum amount over time such as a legal settlement or lottery winnings. Learn about its benefits ways to sell payments. A structured settlement is a type of annuity that pays out lawsuit rewards over a long period of time. Learn more about structured settlements by talking to a lawyer. A personal injury case may arise from. For 30 years prudential has been a leader in providing financial certainty through structured settlements for financial certainty. Structured settlement payments do not count as income for tax purposes even when the structured settlement earns interest over time. Structured settlements have been a favorite resolution in personal injury and wrongful death cases for the last three decades. 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. Equity indexed annuities a type of fixed annuity that is often confused with variable annuities is the equity indexed annuity or eia contract. A structured settlement will normally require payment of an initial sum of money to the plaintiff with additional payments to be made over a period of years. Tailored to the needs of the individual and to the amount awarded to that individual they can be a great plan for a lifetime of financial security in the wake of a tragedy. In many circumstances a settlement may be a faster cheaper and less stressful alternative to trial.

Contact an experienced personal injury attorney to discuss the facts of your case and help you decide whether a structured settlement would be in your best interest.