Structured Settlement Payment

Welcome, this is your guide to understanding structured settlement payemnts including how to sell structured settlement.

What is a Structured Settlement Payment?

A structured settlement payment is an agreement to recieve future periodic payments for the dispersement of money stemming from a legal claim or other claim. The money is usually dispersed through the purchase of an annuity from a Life Insurance company, and provides regular payment installments either annually, semi-annually, or quarterly. The payments can be received over a fixed period or for the lifetime of the claimant. In addition, the structured settlement payment may also include an immediate payment to cover certain damages to the injury victim.

Structured settlement payments were first utilized in Canada and the United states as an alternative to large lump-sum payments. They have been used in settlements for injured parties or other situations involving large sums of money like lottery winnings.

Typically, structured settlement payments are created when a plaintiff settles a case for a large sum of money and agrees to recieve the funds in installments over time instead of a single lump sum. An annuity is purchased to cover the future medical and living needs of the injured. The annuity is held by an independent party that makes payments to the injured individual(s). These settlement payments are received completely tax free, providing an extra level of financial security for the injured individual(s).

Structured Settlement Payment Articles

Should You Sell Structured Settlement? - Added 1/6/06
Discusses some things to consider when looking into selling a structured settlement.

When to Sell Structured Settlement - Added 1/6/06
Discusses the pros and cons of selling a structured settlement.

Selling a Structured Settlement - Added 1/6/06
Discusses the process of selling a structured settlement.

Cash for Your Structured Settlement - Added 1/2/06
Discusses how to get a lump sum of cash for settlement.

Financial Security through Structured Settlements - Added 1/2/06
Discusses how structured settlements can provide financial security

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