A structured settlement is the payment of money for a legal
claim where all or part of the settlement calls for future
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
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
"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
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
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
For more information about structured settlements or the
NSSTA, please go to the association's web site: http://www.nssta.com/.