Archive for the ‘Structured Settlements’ Category
What is a Structured Settlement Loan?
A structured settlement is an out-of-court settlement agreed upon between two parties. Also, for personal injury, plaintiffs receive monetary awards as compensation for the injuries. This is a settlement given to the plaintiff by the defendant as a structured deferred payment agreement that will last several years. Structured settlements are used when large sums are involved. Small cases with minimal payouts are usually done as awarded payments if the plaintiff wins. The types of lawsuits that qualify for structured settlement along with personal injury are motor vehicle and passenger injury, civil rights, work compensation, copyright litigation and divorce funding.
Structured settlements are also given to lottery winners who receive their winnings in structured payments over a specific period of time. Some investors and insurance companies are willing to make a lump sum payment to buy the structured settlement at present day value.