What Is A Structured Settlement Company

What is a structured settlement exactly and how does it work.

What is a structured settlement company.

The process of settling a civil case through a structured settlement involves the person who has been wronged the plaintiff the person or company who caused the harm the defendant a consultant experienced in such cases a qualified assignee and a life insurance company. A settlement may allow the parties to a lawsuit to. Ultimately both parties must agree on the terms of settlement. Liberty settlement solutions llc is a structured settlement company headquartered in florida that purchases structured settlements annuities and lottery payments and also offers pre settlement funding.

For more about brokers see national structured settlements trade association. As part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. Second you ll need to provide documents to the company you are selling the structured settlement to. First for a structured payment plan to take place there has to be a personal injury tort claim.

Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. A structured settlement often referred to as a structured settlement annuity is a long term stream of payments to someone a plaintiff who has won or settled a civil lawsuit with a defendant. A structured settlement company can help you get your annuity paid out as a lump sum. Liberty settlement funding a k a.

Structured settlements are legally binding. Structured settlement companies offer a lump sum for your periodic payments. If the plaintiff wins their case they ll have to choose how to receive the settlement money. People with lottery or contest winnings jackpot winnings are often set up as structured payments for tax.

It s another often smarter way to receive a court award for damages other than a lump sum payment. A structured settlement is an important financial planning tool available to parties in personal injury wrongful death and workers compensation litigation that provides essential income stability with tax advantages. Structured settlement agreement process. 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.

The company is an accredited bbb business with an a rating and 3 5 star customer reviews.