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The structured settlement is the court-degreed order for the of payment of damages to a plaintiff resulting from an award made by the court. These settlements include product liability, wrongful death, medical and legal malpractice, personal injury, etc.
Recent court policy has allowed that awards made by the court are to be paid over a prescribed period of time rather than in one lump sum. Often, defendants will purchase an annuity from an insurance company in order to hedge the cost of the payouts to the plaintiff. In such an instance, the scheduled annuity payments would be the subject of the purchase by the funding source.
Through Capital Funding of America, the plaintiff can receive a lump sum amount of cash that can be paid immediately, or over a shorter period of time as may be advantageous to the seller-plaintiff. In any instance, the payment of the award would be available to the plaintiff as needed rather than as mandated by the court and the payout schedule of an annuity..
Contact Capital Funding at 1-800-322-5985 or use this link to our CONTACT US page for more details.
