What is a Structured Settlement. A structured settlement is a type of annuity arranged with an insurance company. Structured settlements are typically issued to individuals who have suffered harm as a result of a personal injury. In some cases where the victim is owed money from another party as a result of a personal injury, the federal government encourages these victims and their families to utilize structured settlements issued by the insurance company who insured the party at fault.
For example, if you were injured in a car accident, you may receive a structured settlement from the insurance company that covered the driver responsible for the accident.
Some of the lawsuits that can result in a structured settlement: Personal Injury.
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