Structured Settlements

Structured settlements can be set up to provide for future needs through monthly, annual, or periodic payments. Your attorney or structured settlement broker will help you determine the details and requirements to best serve your needs.

A structured settlement arrangement often results from a personal injury lawsuit involving some of the following:

• Product liability
• Auto collisions
• Wrongful death
• Medical malpractice

When the result of a lawsuit is a structured settlement, the award is funded though an annuity contract issued by an insurance company. This settlement may be structured as follows:

Typically an insurance company is selected by the defendant to structure the settlement.

The structured settlement company purchases an annuity contract and is responsible to send the payments from the insurance annuity to the plaintiff. The payments stream is locked in according to the settlement agreement and annuity policy describing the amounts and frequencies.

The structured settlement company is the owner of the annuity and the plaintiff is the beneficiary.

Also look at: Structured Settlement Payments