What Is A Structured Settlement Company

Structured settlement brokers a special type of insurance agent consult as a case approaches settlement.

What is a structured settlement company. As part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. A structured settlement is an important financial planning tool available to parties in personal injury wrongful death and workers compensation litigation that provides essential income stability with tax advantages. A structured settlement company can help you get your annuity paid out as a lump sum. For more about brokers see national structured settlements trade association.

The company is an accredited bbb business with an a rating and 3 5 star customer reviews. If the plaintiff wins their case they ll have to choose how to receive the settlement money. Structured settlement companies offer a lump sum for your periodic payments. What is a structured settlement exactly and how does it work.

The process of settling a civil case through a structured settlement involves the person who has been wronged the plaintiff the person or company who caused the harm the defendant a consultant experienced in such cases a qualified assignee and a life insurance company. A settlement may allow the parties to a lawsuit to. Structured settlement companies apply what s called a discount rate to the future payments you receive so the lump sum payment is smaller than the total amount of your settlement. Liberty settlement funding a k a.

Protect your recovery with a structured settlement and create or augment a stable financial core. 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 sum. Ultimately both parties must agree on the terms of settlement. Structured settlement agreement process.

Structured settlements are legally binding. First for a structured payment plan to take place there has to be a personal injury tort claim. It s another often smarter way to receive a court award for damages other than a lump sum payment. People with lottery or contest winnings jackpot winnings are often set up as structured payments for tax.

A structured settlement often referred to as a structured settlement annuity is a long term stream of payments to someone a plaintiff who has won or settled a civil lawsuit with a defendant.