Results for tag: "Structured Settlement"

Structured settlements are a form of legal settlement in which a claimant agrees to receive periodic payments over a period of time, rather than a lump sum. This type of settlement is often used in personal injury cases, such as medical malpractice, wrongful death, and product liability. Structured settlements are typically funded by an annuity purchased from an insurance company, which guarantees the payments over time. The payments are typically tax-free and can be tailored to meet the claimant's needs. Structured settlements are often used to provide financial security for claimants who may not have the financial resources to manage a large lump sum. They can also provide a steady stream of income for claimants who may have long-term medical needs or other expenses. Companies in the structured settlement market include Allstate, MetLife, Prudential, Pacific Life, and Genworth Financial. Show Less Read more