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What is a Structured Settlement  by: Amit Laufer A Structured Settlement is an agreement between a personal injury victim ( a Plaintiff ) and an Insurance company ( the Defendant ) to compensate the Plaintiff by the defendant with long term periodic payments instead of a single cash lump sum. Payments can be tailored to each individual plaintiffs needs, to help meet expenses such as on-going medical and living expenses, education, children needs & support etc’ The fixed annuity payments are tax-free to the claimant, a cost-of-living adjustment (COLA) feature is available, that can help offset the effects of inflation over time, payments can continue as long as the claimant lives thus providing him the maximum benefits. Structured settlements are encouraged by plaintiffs lawyers, Courts, Insurance companies and the legislators alike as they all agree it is the best solution to all parties involved especially for the claimant. The annuity can be transformed in part or in full to a cash lump sum via private funds and should be approved by the Court. The funds are most interested to make these deals as they are very profitable to them because they take the long term tax free payments and in exchange pay the annuity holder less than the face value but in cash. These same funds are handling Lottery winners long term payments into one single lump sum as well as all kinds services of cash against future payments. (c) Copyrights 2005 - http://annuity-structured-settlements.blogspot.com/ About The Author Amit Laufer Age: 46 Location: New York, United States MBA - International Trade & Finance - Heriot-Watt University. Bsc. Computers and Information Systems - Long Island University - C.W Post Campus. Hobby: Photography Married with two Children. Editor of: http://annuity-structured-settlements.blogspot.com/ This article was posted on September 06, 2005   View More Videos from the "Legal" category: What to do if your child has been hurt by a defective toy The Problems Of Planning With Joint Ownership Online Legal Resource Legal Advice: PBJ   Read More Articles from the "Legal" Category: Informational Interview: A Great Legal Job Search Tool by Bill Smith Living Wills and Estate Planning by Ronald Hudkins Anti-Phishing Bill Introduced To Congress by Richard A. Chapo An important part of lifetime planning is the Power of Attorney. by Jeffrey Broobin Spinal Cord Injury and its Legal Remedy by Atty. Gabriel Cosh E-Discovery Emergence In Civil Litigation by Nicolas Deleault What If I Want to Quit Paying My Credit Card Bills? by Jim Brown Debt Collection Tactics Are Constrained By The FDCPA by Nick Messe What Is An Inheritance Tax And When Is It Applied? by Gray Rollins Basic Ethics For Lawyer Advertising by Philip L Franckel, Esq. << Back to "Legal" Index

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