The annuity and the structured settlement are two legal mechanisms used to pay out money to a person. There's a big difference between the two, though. You need to be aware of the ins and outs of both of them if you're going to be able to choose between the two.
There's no doubt that structured settlements have been on the increase. This makes it even more critical that you find out about them now. By reading this guide you're going to get an idea of the differences between the two.
What are Structured Settlements?
Structured settlements come with pros and cons but are pretty straightforward because they're exactly what it says in the name. They come from lawsuits involving personal injury or liability, the majority of the time. They nearly always come as a result of a defendant settling out of court, rather than taking the issue to trial.
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