A structured settlement annuity is often the alternative to lump sum settlements when resolving cases out of court. This involves an agreement for a predetermined amount of cash to be paid out to one party for a fixed length of time. These payments are also known as periodic payments.
Considerations involving the need to sell a structured settlement payment are many and varied. These payments are usually the result of a settlement has been reached in a personal injury or tort lawsuit and will include such features as a payment of settlement money over a defined period of time. These sorts of settlements have grown in popularity over the last several decades.
