What Is A Structured Settlement Company

First for a structured payment plan to take place there has to be a personal injury tort claim.

What is a structured settlement company.

If the plaintiff wins their case they ll have to choose how to receive the settlement money. 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. As part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. Liberty settlement solutions llc is a structured settlement company headquartered in florida that purchases structured settlements annuities and lottery payments and also offers pre settlement funding.

Structured settlements are legally binding. Liberty settlement funding a k a. Second you ll need to provide documents to the company you are selling the structured settlement to. 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. What is a structured settlement exactly and how does it work. 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. Structured settlement agreement process.

Ultimately both parties must agree on the terms of settlement. Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. Structured settlement companies offer a lump sum for your periodic payments. 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.

It s another often smarter way to receive a court award for damages other than a lump sum payment. We researched and reviewed the best structured settlement companies based on reputation cost and more. For more about brokers see national structured settlements trade association. A structured settlement company can help you get your annuity paid out as a lump sum.

People with lottery or contest winnings jackpot winnings are often set up as structured payments for tax.