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A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement may be offered by the ...
A structured settlement factoring transaction is a means to raise liquidity where there is no other viable means, via the transfer of structured settlement payment rights, for items such as unforeseen medical expenses, the need for improved housing or transportation, education expenses and the like, or in a situation where the individual has simply spent all his or her cash.
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The effect is that the seller swaps a stream of periodic payments for a immediate lump sum payment. The initial holder of the annuity may have received a structured settlement through a court settlement, insurance claim, or other means but wants or needs immediate liquidity.
Lump sum vs. annuity: 6 factors to consider when making your decision ... By understanding your plan’s health and the potential drawbacks of a lump sum payout, you can make informed decisions ...
A lump sum, about $28.75 million, will be deducted from the $115 million to pay attorney fees and up to $225,000 for any other expenses that were incurred or will be incurred during litigation.
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