So what are structured settlements?

Structured settlements are very helpful for their holder because they offer long term income to them. Structured settlements are in the favor of both parties, when an injured person files a lawsuit in the court, against a business firm or an individual then normally the legal advisor of the defendant asks to settle the case with structured settlement. Though structured settlements are authorized by the court but they are settled, and decided majorly by the insurance companies, and the involved parties.

The basic aim of structured settlements is to give financial aid to the person who is not in the right physical position to perform his/her duties regularly. It offers a complete income package to the injured person. In structured settlements, a huge amount of cash is paid to the claimant by the defendant of the lawsuit, in the form of installments.


The installments are paid either on monthly, bi-monthly or yearly basis. The schedule of the annuity payments procedure is also finalized according to the will of the involved parties. Payments are made for a particular period of time, and sometimes installments are made throughout the life of the injured person. The schedule of payment mostly depends on the situation of the lawsuit.


Buying and selling of structured settlements

Structured settlements are legal claims according to which one person or a business firm is bound to pay a good amount of cash to another person in the form of periodic payments. Now, every one of us is well aware of the fact that structured settlements are sold for a lump sum of cash.


People buy and sell structured settlements every day, in almost every part of United States. The periodic payments of structured settlements last for years or sometimes for the lifetime of the receiver but many people get frustrated, and opt to sell their structured settlements.


If you are aiming to sell your structured settlement, and you want to completely get rid of your structured settlement policy, and want to have financial independence then you can easily contact a broker to sell your structured settlement. The broker will give you a quote for your settlement. It is wise to contact different brokers at a time in order to get the best quote for your settlement. In that way you will be able to get a lot of quotes, and you will be able to sell your settlement to the person who is offering you the best price for your settlement.

All about structured settlements

What are structured settlements? Well they are basically periodic payments decided by the court of justice. According to Internal Revenue Code, structured settlements are cash arrangements. The cases of structured settlements became more famous in the United States during the early 1970s. Before United States, the structured settlements were being practiced in Canada. Now, people find it a good way to settle a lawsuit. Moreover, structured settlements provide an easy financial cushion to claimant as well as to the defendant. Settlements are legal in the United States, but sometimes people find it hard to cover their financial needs because they find that the payments in installments are not helping them out.  In such cases most of the people, try to sell their settlements.


It is like selling the remaining settlements for a lump sum of money. One must know that it is not important to sell all the settlements at once, but a person can sell 50% or even 25% of his structured settlements. One must also know that he will not receive the entire exact value of his settlements if he will sell them. He will have to sell it on a discount rate. Furthermore, the seller will have to search for a good buyer for his settlements, as well.