Structured Settlement – What is it & How does it work?
Jan31

Structured Settlement – What is it & How does it work?

A Structured Settlement is a legal settlement where a defendant agrees to pay the periodic settlement amount to the plaintiff over time. Mostly the settlement ends up among the parties itself. The settlers usually split up the sum into an annuity, that is periodic income to the plaintiff throughout the life. The annuity┬áis never owned by the payee but owned by the defendant’s insurance company. The structured settlement can also...

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