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What is Structured Settlement?
Because it is tailor-made for individual cases, the structure may also include some immediate payment to cover special damages. The payment is usually made through purchase of an annuity from a Life Insurance Company. Subcontractor A trade contractor such as a roofer who usually subcontracts with a general contractor. Subrogation Once a company has paid a loss for which someone other than the policyholder is responsible, it may have the right to recover this loss. A financial package permitting a settlement to be paid in regular installments either for a fixed period or for the lifetime of the claimant. Because it is tailor-made for individual cases, the structure may also include some immediate payment to cover special damages. The payment is usually made through purchase of an annuity from a Life Insurance Company. If we can't help you find a buyer of structured settlement that will fit your needs, you won't be able to find anyone who will buy your structured settlement. We specialize in selling structured settlements and in helping other people sell structured settlement. A structured settlement sale isn't an easy process, so we've put together resources to help you with the process. If you've been awarded deferred cash structured settlement payments and need to sell them it can be tough. A structured settlement is often best for an insurance company, but not necessarily for you. You may need cash now to pay for medical bills or for family finances, instead of incremental payments over the next several years. We can help buy structured settlement payments and help you sell structured settlement payments. Let us help you sell structured settlement payments today! Bian, Editor Expert This article is copyright. You must use our links.
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In recent years, it has become more common for victims of accidental injury who accept a settlement from the at-fault party to accept a structured settlement instead of a lump-sum payment. With a structured settlement, the injured party receives payments over an agreed-upon length of time ? five years, ten years, or even a lifetime, rather than receiving payment up front in a lump sum.There are advantages to this for both parties. The injured party may require constant medical care, and the regular payments of a structured settlement guarantee that income will be available to cover the medical expenses. For the paying party, the settlement can be paid by purchasing an annuity, which allows an upfront payment to accrue interest, thereby producing a larger long-term yield from a minimal investment. In many cases, a structured settlement is viewed as a win-win situation for both parties.There are restrictions on structured settlements that may not suit everyone. 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