Search
Most Popular Articles
- Discussion of the Human Body Defense System
- The story of the 12 animals zodiac in China
- How to Balance Your Body to Get Pregnant
- Eating Junk Food -- The Hidden Price
- How To Stop Your Cat Scratching - Get Rid Of Those Fleas
- Ski Boots -- Testing 1, 2, 3
- Wear it Up or Wear it Down?
- Cat Care, Cat Products and Cat Diseases
- Choosing a Cell Phone
- Artificial Satellite Types
What is a Structured Settlement
 Category |
: Legal Matters |
 Times Read |
: 51 |
 Date |
: 13 March 2008 16:14 |
by: Amit Laufer
A Structured Settlement is an agreement between a personal injury victim ( a Plaintiff ) and an Insurance company ( the Defendant ) to compensate the Plaintiff by the defendant with long term periodic payments instead of a single cash lump sum.
Payments can be tailored to each individual plaintiffs needs, to help meet expenses such as on-going medical and living expenses, education, children needs & support etc The fixed annuity payments are tax-free to the claimant, a cost-of-living adjustment (COLA) feature is available, that can help offset the effects of inflation over time, payments can continue as long as the claimant lives thus providing him the maximum benefits.
Structured settlements are encouraged by plaintiffs lawyers, Courts, Insurance companies and the legislators alike as they all agree it is the best solution to all parties involved especially for the claimant.
The annuity can be transformed in part or in full to a cash lump sum via private funds and should be approved by the Court. The funds are most interested to make these deals as they are very profitable to them because they take the long term tax free payments and in exchange pay the annuity holder less than the face value but in cash.
These same funds are handling Lottery winners long term payments into one single lump sum as well as all kinds services of cash against future payments.
(c) Copyrights 2005 - http://annuity-structured-settlements.blogspot.com/
About The Author
Amit Laufer
Age: 46
Location: New York, United States
MBA - International Trade & Finance - Heriot-Watt University.
Bsc. Computers and Information Systems - Long Island University - C.W Post Campus.
Hobby: Photography
Married with two Children.
Editor of: http://annuity-structured-settlements.blogspot.com/
Random Article 1 |
Random Article 2 |
The last article in this series on dealing with the Collection Division addressed Installment Agreements -- arrangements through which tax debts can be resolved by means of monthly payments. Some folks, however, owe so much that an installment agreement is not a practical solution. Interest and pena
|
IntroductionThe Governments economic objective is to build a strong economy and a fair society, where there is opportunity and security for all."So reads the opening statement of the Labour Governments 2005 Budget. But the word fair is wide off the mark when considering the incidence of inheritance
|
Random Article 3 |
Random Article 4 |
In the United States, personal injury claims are given a statute limitation of two (2) years before the claim is outlawed. Within this period, one must obtain a lawyer and file a case before going to trial in court. Most people find this quite a hassle. Hiring a lawyer takes not only a lot of money,
|
There are ways of stopping attacks of sexual harassment, either by yourself or with the help of workmates, authorities and by eventually filing a lawsuit. The following ways of incidents may not ideally be in the order as were going to present it in actual reality. You shall have to discover for yo
|