Saturday, December 29, 2007

Structured Settlement Sale in the Case of Illness

Filed under: Structured Settlements — Structured Settlement Expert @ 8:48 am

When a person who has been injured in an accident, the injured party may be awarded a structured settlement.

A structured settlement is the alternative to a single lump sum payment. Going forward, the recipient will get periodic payments at pre-established intervals.

While many structured settlement recipients remain satisfied with the arrangement, there may be times when a need arises, such as an illness requiring extensive medical care and subsequent medical bills.

In such a case, a structured settlement recipient may choose to sell all or part of their future structured settlement payments in exchange for a lump sum of money to help them meet their medical needs.

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