"Structured Settlement"

Structured Settlement definition: Under a structured settlement, a plaintiff will not receive compensation in one lump sum but will receives a periodic stream of payments according to the terms of the structured settlement.

What is Structured Settlement? A structured settlement is a voluntary agreement reached between a plaintiff and a defendant under which the injured person (plaintiff) receives damages in the form of a stream of periodic payments purchased for the plaintiff on behalf of the defendant.

"Simply defined, structured settlements involve the payment of damages - over time - to an injured party."

It is important for the parties involved to ensure that the issuer which will be guaranteeing this future stream of payments to help meet expenses such as on-going medical and living expenses is financially experienced and strong!

Payments can be tailored to each individual plaintiffs needs and payments are supported and maintained by a stable and well-capitalized, financially experienced institution.

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