Structured settlements

A structured settlement is a series of periodic payments made to an injured party. It is typically used to settle a claim under a liability policy. The payments may last either for a predetermined period or for life.

Uses of a structured settlement

Structured settlements are used because they can be less costly for the liability insurance company than a lump sum payment.

A structured settlement can include immediate reimbursement for legal and medical expenses, as well as ongoing payments that are meant to compensate for loss of income or other injuries.

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