Structured settlement

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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 ?
Settlement Funding Firm announces new plan to begin competing with larger players in the Structure Settlement Industry to add to their portfolio of pre-settlement lawsuit funding cases, including case funding for lottery annuity payments, medical malpractice structured settlements, and structured settlements for minors.
Each day his own sites would pour in leads, while the industry marketing of structured settlements seemed weak.
This is especially true as it concerns the use of structured settlements.
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.
Structured settlements relieve recipients of the need to invest a lump sum and can guarantee regular payments for life.
Structured settlements provide an agreed-upon series of payments over a specified period of time, which may be as long as the recipient's lifetime.
Furthermore, the Executive Life fiasco has raised the question of the security of funding structured settlements with life company annuities.
Wentworth, based in Bryn Mawr, PA, is the nation's largest buyer of deferred payments for illiquid financial assets such as structured settlements and fixed annuities.
Buyer of Structured Settlements, Fixed Annuities, State Lotteries, Royalty Payments, Nationwide.
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