Structured Settlement in Personal Injury Claims

Although personal injury settlements typically involved lump sum settlements it is becoming more and more common to see large settlements paid out using some form of a structured settlement.
A personal injury structured settlement is an alternative to paying a settlement in a lump sum of cash. Under a structured settlement the insurer purchases an annuity which pays the injured person in periodic guaranteed payments over a fixed period of time.

Insurance companies often prefer to do structured settlements in cases involving large amounts because they can save money over a traditional lump sum settlement. The injured person can also benefit from a structured settlement in that is possible to receive a greater amount of money than might be possible if the settlement was paid in cash all at once. Insurance policies are limited.

For example, if the limit of liability is $100,000 on a policy covering the person responsible for you injury then the most that could be paid in a lump sum would be $100,000. If this money is invested in an annuity the insurance company might be able to provide a settlement with a total value of $150,000 over time while only spending 90,000. For this reason, insurance companies prefer to settle personal injury claims using structured settlements.

Whether to settle your personal injury claim with a structured settlement is a decision that your personal injury attorney can help you make.

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The personal injury lawyers at Paulson Coletti Trial Attorneys PC are a small, three-lawyer, firm with the ability to hire the experts and investigators that a case needs. We only accept cases with merit that we believe we can win. Click our areas of practice to read a more detailed description of the types of cases we accept and some sample verdicts and settlements.

IF YOU OR A LOVED ONE HAVE BEEN SERIOUSLY INJURED BY THE FAULT OR NEGLIGENCE OF ANOTHER, YOU NEED COMPETENT LEGAL COUNSEL TO ASSIST YOU IN GETTING JUST COMPENSATION FOR YOUR CLAIM.

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