Structured settlement

(redirected from Structured Settlements)

Structured settlement

An agreement in settlement of a lawsuit involving specific payments made over a period of time. Property and casualty insurance companies often buy life insurance products to pay the costs of such settlements.

Structured Settlement

The judgment or final agreement in a lawsuit where one party (usually the defendant) pays the other party (usually the plaintiff) a certain amount of money over a long period of time. A structured settlement allows the "winning" party to receive a large amount while still making payment affordable for the other party. Some companies purchase insurance policies where the insurance company pays any structured settlements that may arise.
References in periodicals archive ?
1 million increase in revenues generated by the Structured Settlement Payments segment's ("Structured Settlements") revenue driven principally by a USD 16.
The plaintiffs allege that settlement consultants participating in an AIG-approved broker program set up "an association-in-fact," with a view to maximizing profits on structured settlements and defrauding the plaintiffs.
com)-- The National Structured Settlements Trade Association (NSSTA) is pleased to announce that they have named Jim Early of Ringler as the NSSTA President for the 2017-2018 term.
Structured settlements are a unique settlement tool for both property-casualty carriers and plaintiff attorneys.
28 October 2013 - US finance company Imperial Holdings Inc (NYSE:IFT) said today that it had divested its structured settlements unit for USD12m (EUR8.
In this task, structured settlements frequently play an important role.
This is especially true as it concerns the use of structured settlements.
We use structured settlements in our claim process because we believe that it's a massively valuable tool.
Structured settlements are used to provide long-term financial security in physical injury cases, by providing the injured party with periodic payments tailored to meet medical expenses and the needs of basic living.
Congress decided to make this exclusion and give personal injury victims a tax break to encourage people to enter into structured settlements so that their money would be protected, and they would receive more money over time.
Lawyers representing injured clients have a professional responsibility to advise them about structured settlements, taxation of settlement proceeds, liens and subrogation claims, and the impact of accepting settlement funds on the client's eligibility for government benefits like Medicare and Medicaid.
Structured settlements and qualified assignments, in widespread use in physical injury cases, facilitate settlement of recoveries excludible from gross income under Secs.
Full browser ?