Insurance Settlement

An insurance settlement is the financial settlement award from an insurance lawsuit. The insurance settlement award is often paid through a structured settlement. A structured settlement award pays the money in installments spread over a period of time. The structured settlement payments are paid through an annuity. The advantage of that is the recipient is able to receive long-term and secure income, tax-free.

This arrangement is beneficial because, often, the recipient in an insurance settlement case is injured and has accumulated injury-related expenses. The recipient may even be limited or restricted from working.

Insurance settlement cash: your financial option

A structured insurance settlement is designed to help the recipient, but there are financial restrictions that prohibit the recipient from receiving cash in a lump sum when the recipient needs it. That means if you need cash fast or in a lump sum, you cannot increase your payment amount or the number of payments from your insurance settlement

One option available to you is to sell the future payments from your insurance settlement. Using a buyer of structured settlements, your insurance settlement's future payments can be sold for cash in a lump sum. You can also receive a lump sum of cash for your annuities, mortgage notes, lottery payments, or even help you sell your life insurance settlement.