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The Benefits of a Structured Settlement |
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Tuesday, 04 September 2007 |
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Decades ago, an individual who sustained injury due to the
negligence of another party had no choice but to take their
financial compensation in one large payment. Most people would
invest this lump sum and live off the profits. Sometimes, this was
a really good thing. Other times, it could be a total disaster.
These days, there is an alternative to the lump sum payment, and it
is called the structured settlement. A
structured settlement involves an agreement that states the
compensation amount will be paid to the injured party in
installments rather than all at once. There are some clear benefits
to receiving a structured settlement.
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