Structured Settlement

If you had a large sum of cash due to you, say from a personal injury or other lawsuit, would you want the money all at once, or would you rather it be doled out to you under the terms of a structured settlement?

The Washington Post defines a structured settlement as: "An agreement in settlement of a lawsuit involving specific payments made over a period of time. Property and casualty insurance companies often buy life insurance products to pay the costs of such settlements."

That sums it up pretty well.

When folks think about large sums of money, be they from lottery winnings or legal means, they tend not to think of small monthly payments. Rather, they think of the sum as a whole. While the advantages to a structured settlement can extend to both parties, very often the recipients would like to receive all of their money, all at once.