What does Structured Settlement mean? Read on to discover the definition & meaning of the term Structured Settlement - to help you better understand the language used in insurance policies.
A settlement under which the plaintiff agrees to accept a stream of payments in lieu of a lump sum. Structured settlements can be tailored to the individual's need to provide for inflation, anticipated future medical expenses, education costs for children, etc. Annuities are usually used as funding mechanisms.
We hope the you have a better understanding of the meaning of Structured Settlement.