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Structured Settlements Explained
by Paula Montgomery

What are structured settlements?

 

A structured settlement is a cash payout to a plaintiff in a lawsuit that can occur over time. Unlike lump sum payments, there is a period of time, which is often equivalent to the duration of the plaintiff’s life. The payments take the form of a lifetime annuity.

 

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A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation.

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Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. ...

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Smith Structured Settlements is a Canadian based annuity brokerage firm specializing in the design of tax-effective settlements.

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Structured Settlement Periodic payments to an injured person or survivor for a determinable number of years or for life typically in settlement of a

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