You are not dependent on the insurance company for your money.
Payments are a valuable asset that can be valued and sold in a competitive marketplace.
In the event of a death, structured settlement payments can be deferred to a beneficiary.
Structured settlements are often a welcomed compromise in a lawsuit, with advantages to both the plaintiff and the defendant. If you don’t want to pursue long-term litigation, you may prefer a structured settlement.
Payments are tax-free.
Payments can be scheduled for almost any length of time and can begin immediately or be deferred for as many years as requested. They can include future lump-sum payouts or benefit increases.
Unlike stocks, bonds, and mutual funds, structured settlements do not fluctuate with market changes. Payments are guaranteed by the insurance company that issued the annuity.
A structured settlement often yields, in total, more than a lump-sum payout would because of the interest your annuity may earn over time.
If a child under of the age of 18 received a structured settlement in a personal injury case and his or her circumstances have changed profoundly since the settlement was ordered, a parent or legal guardian may sell the right to future payments
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