Structured settlements include insurance companies

Structured settlements allow insurance companies to provide payment to claimants at a lower cost and payment schedule can be set depending on whether the claimant. A structured settlement can be used to provide for certain costs of an individual right from the stage when it is a minor. The money can be disbursed for college expenses or to cover the costs of higher education. Periodic lump sums made available to an injured person can be used to make purchases of medicines and to maintain itself. One reason for the popularity of structured settlements is that it can be used in a variety of formats, including lump sum payments made periodically when funds are needed for medical expenses, education or marriage; annual percentage increase to increase the supply of annual payments to help control inflation, deferred annuities that enable to defer the commencement of payment to a later date specified period of revenue that can be combined with a lump sum to receive payment for a fixed period, and annuities and survivor payments in which it became the survivor annuitant if the annuitant passes away.