Structured settlement - How important it is

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Posted: Thu Mar 26, 2009 6:30 am Post subject: Structured settlement - How important it is

Hi, I searched online but didn't come across a proper explanation for structured settlements. Also, would like someone to explain the period of low interest rate upon structured settlements. Svendelacruz _________________ Register Now to have your Insurance queries solved.

Svendelacruz

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Posted: Thu Mar 26, 2009 12:00 pm Post subject:

Svendelacruz, Search online, there are lots of materials available on structured settlements. Just googled it. shekharbhujbal, instead of copying a para its better you give the specific URL reference / source. All I know about structured settlement is that - it is financial / insurance arrangement which include periodic payment, that claimant accepts to personal injury (TORT) claim. Note: - TORT is a body of law that addresses and provides solutions for civil cases not arising out from any contract obligation.

WALLE

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Joined: 20 Mar 2009
Posts: 20

7.80 Dollars($)

Posted: Fri Mar 27, 2009 9:10 am Post subject:

Structured settlement, as WallE has described, would allow the responsible party and his insurance company to set up a payment plan for claim repayment with the claimant. This is specially done when the a big claim is won against the defendant. _________________ Register Now to have your Insurance queries solved.

Daisy O'

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Posted: Fri Mar 27, 2009 9:27 am Post subject:

Hey, I'v heard that one can also sell their structured settlement, is it true? How and when can someone do it? How would one benefit from selling his settlement to a third-party? _________________ Register Now to have your Insurance queries solved.

Keith the handsome

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Posted: Mon Mar 30, 2009 5:58 am Post subject:

Quote:

I've heard that one can also sell their structured settlement, is it true?

Yes, individuals are often interested in selling structured settlements. Selling structured settlements are gaining popularity since they are beneficial to all those who're named in the agreement.
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anonymous00

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Posted: Mon Mar 30, 2009 7:04 am Post subject:

Hi, The most important benefit that you get out of selling a structured settlement is that it offers you a huge sum of payment at one go. At the same time it's important for you to remember that by selling a structured settlement you'll never be able to achieve it's full worth. So, that indicates a considerable amount of loss for you. Last but not the least, it almost takes 12 weeks to get this payment approved at the court. Evan