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Structured Settlement FAQs
The following information has been compiled to help those who may be considering a structured settlement plan or individuals seeking information on the topic of structured settlements.
What ...
Structured Settlement: What Is An Annuity?
An annuity quite simply put is an investment; they are bought from insurance companies usually from pension funds. It is a one way of turning a lump sum of money ...
plaintiff is awarded's Articles
Structured Settlement Explained
A structured settlement is a periodic payment plan that is agreed upon between a plaintiff and defendant. It is used in many cases where the plaintiff is awarded a large sum of money.
Instead of receiving the compensation in a lump sum payment, the payments are spread out over a period of time that is decided upon beforehand.
In cases involving personal injury, a structured settlement is especially helpful. If the plaintiff is temporarily or permanently unable to work, a structured settlement provides them with a sense of financial security. The claimant will have a steady source of income which makes financial planning much easier.
