Structured Settlement is a method of paying damages to plaintiff (injured party) over a period of time when a lawsuit is settled.
Description:
Structured settlements usually result from personal injury cases such as:
-medical malpractice
-motor vehicle collisions
-product liability
-wrongful death
Benefits of Structured Settlements:
Each year about 15,000 new structured settlement transactions are originated in the United States. Funding sources (cash flow industry) estimate the current market for this cash flow is around $25 billion.
The rapid growth in structured settlements to settle cases is a result of changes in the tax code that permit insurance companies to discharge judgments and receive favorable tax treatment.
