View Annuity Personal Injury Structured Settlements Background. It's important to remember that a cash settlement's purpose is to make one whole again. An annuity is a recurring payment to you over a period of time until the sum is completely depleted.
Infographic On Structured Settlement And Annuity Payments Visual Ly from thumbnails-visually.netdna-ssl.com Structured settlement agreement | annuity and settlements structured settlement agreement. Knowing how much and how often you will receive. A structured settlement of payments, or structured settlement, is a type of annuity that rewards in cases of personal injury or injury lawsuits, claims at work or other forms of judicial settlements.
Home legal answers personal injury structured settlements what is a structured settlement?
One option is a structured settlement, which includes periodic payments over time. A structured settlement or annuity can be assigned by a court order or agreed to privately before trial. You can take part of your compensation in the form of an immediate lump sum. Under a structured settlement, an injured victim doesn't receive compensation for his or her injuries in one lump sum.
