Structured Settlement Payments

Fairfield funding has been in business for 12 years and focuses on structured settlements and annuity payments.

Structured settlement payments. A structured settlement is an arrangement that provides the plaintiff with regular payments over the course of several years or for the rest of the plaintiff s life. A structured settlement is a stream of payments to a person who won or settled a lawsuit. Settlement payments are usually lump sum all at once or structured regular payments over a period of time. 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 as part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff.

These resolutions differ from lump sum settlements because of the way the money is paid over time. Lifetime guaranteed structured settlement income streams can help maintain the plaintiff or payee s current standard of living. The defendant funds the settlement. But sometimes the settlement is more of a vault keeping owners from gaining access to funds they need to cover an unexpected expense or pay debt.

The structured settlement annuity is an irrevocable stream of regular payments from an insurance company that is structured in a way dictated by the court system. A structured settlement structured settlement money is a financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving periodic payments on an agreed schedule rather than as a lump sum. The company is a member of the national association of settlement purchasers. Depending on the annuity issuer structured settlement payments may be made weekly bi weekly monthly quarterly semi annually annually every other year temporary life or other payment modes.

A structured settlement will enable you to take all or part of your personal injury compensation in the form of tax exempt or tax free periodic payments rather than a single immediate lump sum payment. Sometimes settlement money is paid out in a lump sum within a settlement agreement. Not all annuity settlements are structured in a payment schedule. Structured settlements help a lot of injured people and their families by providing reliable income on which to live after a devastating accident.