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Google top results about purchase structured settlements
When a plaintiff settles a case for a large amount of money, the defendant, the plaintiff's attorney, or a financial planner consulted in association with the settlement.It will propose paying the settlement in installments over time.
When a settlement is paid in this manner it is called a "structured settlement". Often the structured settlement will be created through the purchase of one or more annuities, which guarantee the future payments.
A structured settlement can support for payment in so much any schedule the parties have chosen.
The settlement may be paid in annual installments over a couple of years or more.
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