| The term structured life settlement is usually | | | | some cases are even exempt from taxes |
| applied to a personal injury settlement of some | | | | altogether. Although they are called life |
| type whereby an agreement has been reached to | | | | settlements, some of them can be structured to |
| pay the settlement over an extended period of | | | | extend for a certain time period regardless of the |
| time rather than in a lump sum payment. The idea | | | | life span of the person receiving the settlement. |
| of life time settlements has grown more popular | | | | The remaining payments would be made to a |
| over the last few decades as research has | | | | persons beneficiaries or his estate in case of his |
| shown that a very high percentage of people | | | | death. It is always advisable to have an attorney |
| who receive large lump sum windfalls either as | | | | with experience in life settlements review the |
| injury settlements or lottery winnings tend to | | | | details to insure that the total payments are not |
| have very little or any cash left after five years. | | | | considerable under the original reward amount. An |
| Another advantage of structured life settlements | | | | attorney can also advise on the tax liabilities of |
| is that they usually are given tax breaks, and in | | | | any decision. |