7 Ways Structured Settlements Protect Personal Injury Victims
Structured settlements utilizing life insurance annuities as their funding mechanism have been around for four decades. Over half a million injury victims receive benefits from structured settlement annuities. Each year, life insurance companies that provide structured settlements receive more than $6 billion to fund new structured settlement arrangements and an estimated $156 billion has been paid in total to fund structured settlements in force since the seventies.
Structured settlements are commonly utilized in the settlement of tort claims because of these seven crucial advantages they offer personal injury victims.