Structured Settlement
Structured Settlement
A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury claim or to compromise a periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970's as an alternative to lump sum settlements. Structured settlements cash are now part of the statutory tort law of several common law countries including Australia, Canada, England, and the United States.
