Structured settlements, unlike the lump sum payment of typical personal injury settlements, are paid to the plaintiff (you) over the course of time. Often the period of time is equivalent to the duration of the plaintiff’s life, with the payments taking the form of a lifetime annuity.

Such a settlement can be very beneficial in cases where the settlement will help to take the place of income, as the settlement provides a regular payment, not unlike a paycheck, rather than one large windfall of cash which the recipient may use up before they are able to gain meaningful employment again.

Also, a settlement which is structured can be used to assure an older plaintiff of a lifetime income stream, with an annuity lasting throughout the life of the plaintiff. This can be particularly beneficial where an older injured party has…

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