The structured settlement annuity is presented by the
insurance company who insured the party dependable for the injury as a way to
compensate the personal injury claim victim without paying a lump sum of cash
up-front.
Sometimes a structured settlement allowance better for the
victim at the time of their accident, but often the victim’s situation change
and need a lump sum today.
The recipient of a structured settlement annuity will
receive these cyclic payments tax free from the insurance company.
Structured settlements benefit the personal injury suffered
by insuring they collect a steady stream of future income, which is mostly
important for minors or victims who have had life changing injuries and may be
unable to earn income over their lifetime.
