Structured Settlements and Annuities

Structured Settlement - Definition

Structured Settlements are legal agreements to pay off a large sum of money in many smaller metered payments, rather than as a lump sum.

The Washington Post defines a structured settlement as: "An agreement in settlement of a lawsuit involving specific payments made over a period of time. Property and casualty insurance companies often buy life insurance products to pay the costs of such settlements."

The Assistant Treasurer - Splash
The Assistant Treasurer - Splash

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