Benefits for:
The Injured Party -
- Features customized design. Payments are specifically tailored to meet the injured party's particular financial needs over a defined period.
- Emphasizes stability. Payments are designed to help meet the claimant's current and future financial needs.
- Promotes security. Structured settlements provide the dependability of a highly-rated financial institution. The claimant avoids the risk of mismanaging a large cash lump sum.
The Defendant -
- Leads to faster settlements.
- May reduce costs.
- Avoids jury trials.
- May allow for tax deduction (self-insured).