Structured Settlements

A structured settlement is a type of annuity that pays out an award from personal-injury cases, workers' compensation claims or other forms of legal settlements. Structured settlement owners receive periodic tax-free payments over time in accordance with the terms. If you would like to cash out your future payments through a lump sum buyout of your structured settlement, we can assist you in the process with a fast and reliable quote. After all, it's your money.

How Courts Award Structured Settlements

Attorneys, with court approval, often use structured settlements as a way to compensate plaintiffs involved in personal injury lawsuits. Once a plaintiff and defendant resolve a claim by settling it with an agreeable damages amount, a pay-over-time arrangement is struck. (This also can happen when a plaintiff wins money following a successful verdict.)
The way this works is the defendant hands over future liability through a qualified assignment. Through tax laws, any future financial responsibility gets turned over to a third party. The qualified assignee then purchases one or more annuities from an insurance company. After this, the insurance company starts paying the plaintiff periodic payments.