Structured Settlement

A structured settlement is the payment of money for a legal claim where all or part of the settlement calls for future periodic payments.

The structured settlement is generally composed of a combination of an immediate lump sum payment amount and a series of future periodic payments specifically designated to meet the needs of an individual claimant. We help people by purchasing all, or part, of these remaining periodic settlement payments for one lump sum, helping them to take back control of their financial resources.

If you have a structured settlement contract, fill out our Structured Settlement Quote Form and send it and we will get the process started, or call today and let our team of experts assist you in finding the plan that is best for you!

In 2001, life insurance members of The National Structured Settlements Trade Association wrote more than $6.05 billion of issued annuities as settlement for physical injury claims. This represents a 19 percent increase over 2000.

These figures are based on information released by 21 life companies.

"In two years, this industry has grown by nearly 50 percent as injury victims and their families have increasingly migrated to the long term security provided by structures," said Andrew J. Larsen, president of NSSTA and executive vice president of GE Financial Assurance.

Larsen noted that the year 2000 was the structured settlement industry's best in history, when injured persons accepted 25 percent more in premiums than in 1999.

Recognized by Congress since 1982, structured settlements provide long- term financial security to injury victims and their families through a stream of tax-free payments tailored to their needs. As a result of these obvious benefits, structured settlements have become an inherent part of physical injury settlements.

Randy Dyer, executive vice president of NSSTA, said that recent federal action concerning structured settlements sets the stage for further strong growth. On Jan 23, 2002, as part of a federal tax relief package for victims of the September 11 tragedies, President Bush signed into law an important consumer protection for recipients of structured settlement payments.

Under the new legislation (Public Law No. 107-134, 115 Stat. 2427, "Victims of Terrorism Tax Relief Act of 2001"), court approval will be required for injury victims who chose to sell structured settlement payments to a third-party company.

Dyer also cited passage in 1997 of a federal law that facilitates the use of structured settlements to resolve workers compensation cases. "Increasingly, as these cases head toward final resolution, we expect to see more and more workers opting to include a structure as part of their settlement."

The National Structured Settlements Trade Association is an organization of more than 500 members who provide structured settlements in the resolution of personal injury and workers compensation claims.

For more information about structured settlements or the NSSTA, please go to the association's web site:


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