Settlements 101.com -- Info Guide to Injury, Accident & Insurance Settlements
Settlements 101.com -- Info Guide to Injury, Accident & Insurance Settlements |
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» Settlements 101 Home » Settlements FAQ » Settlements Glossary » About Structured Settlements » About Life Settlements » About Viatical Settlements » Books on Settlements » More Settlements Resources |
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About Structured SettlementsStructured settlements, also called personal injury settlements or settlement annuities, are payments that a claimant receives over time instead of as a lump-sum settlement payment. Such payments are made through an annunity held by a life insurance company. A big advantage of a structured settlement is that any payments received are exempt from federal taxes. In addition, any earnings or interest made on the annuity is also exempt from federal taxes as ruled by the IRS. The claimant of a structured settlement is usually able to sell the rights to the settlement to a third-party that will pay the claimant a one-time lump sum. |
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Info guide to structured settlements, life settlements & viatical settlements
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