Structured settlement brokers a special type of insurance agent consult as a case approaches settlement.
What is a structured settlement.
A structured settlement is often funded with structured settlement annuities customized with tax advantages.
However many legal settlements offer a lump sum payment option which provides a one time sum of money.
Advantages of a structured settlement.
Structured settlements can also be designed to step up payments over the years starting relatively low and ending higher.
The lump sum settlement is the traditional method for settling a case.
For more about brokers see national structured settlements trade association.
Structured settlements can also start high and decrease over time.
A structured settlement pays out money owed from a legal settlement through periodic payments in the form of a financial product known as an annuity.
A structured settlement is a negotiated stream of periodic payments for damages in settlement of a personal injury wrongful death or workers compensation claim or lawsuit.
You should take a lump sum settlement for all small settlements and most medium sized settlements less than 150 000 or so.
The key differences between both annuity settlement options are the long term security and.
The defendant sends you a check you cash the check and the case is over.