Structured Settlements Definition

For more about brokers see national structured settlements trade association. Structured settlements come in many more shapes and sizes than the typical annuities people purchase for retirement income.

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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.

Structured settlement of. Allowed by the us congress since 1982 a structured settlement is. 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. Structured settlement definition definition. 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. A type of annuity. 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. Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. Under a structured settlement an injured victim doesnt receive compensation for his. 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. Structured settlements are an innovative method of compensating injury victims. A structured settlement is a type of annuity that pays out lawsuit rewards over a long period of time. 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. For 30 years prudential has been a leader in providing financial certainty through structured settlements for financial certainty. Learn more about structured settlements by talking to a lawyer. As part of the settlement negotiation process a qualified structured settlement broker can design an annuity contract to meet the present and future needs of the recipient and their family.

What is a structured settlement. A completely voluntary agreement between the injured victim and the defendant. Structured settlements have been a favorite resolution in personal injury and wrongful death cases for the last three decades. In many circumstances a settlement may be a faster cheaper and less stressful alternative to trial. Learn about its benefits ways to sell payments.