A structured settlement is a periodic payment made
to a injured person or survivor. This payment is made over a determined
number of years, typically in settlement of a claim under a liability
policy. The claimant accepts to resolve a personal injury claim
by means of a financial or insurance arrangement over a structured
period of time, of which may include immediate reimbursement for
medical and legal expenses and rehabilitation, and long-term payments
for loss of income or as compensation for other injuries.
Structured settlements are now part of the statutory tort law of several common law countries including the United States. Structured settlements may include income tax and spendthrift requirements as well as benefits named above.
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