Benefits for the injured party:
Features customized design: Payments are specifically tailored to meet the injured party’s particular financial needs over a defined period.
Emphasizes stability: Payments are designed to help meet the claimant’s current and future financial needs.
Promotes security: Structured settlement provide the dependability of a highly rated financial institution.
Benefits for the defendant:
Leads to faster settlements
May reduce costs
Avoids Jury trials
May allow for tax deduction (self-insured)