History of Structured Settlements

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Since the inception of Structured Settlements in 1979, thousands of claimants have found them to be a sensible, effective method of managing their damage awards. These payment arrangements – which have convincingly established their value in courtrooms, legal offices and insurance offices throughout the country – should be considered in most cases involving bodily injury. They are particularly appropriate in cases involving:

  • Temporary or permanent disability
  • Claimants who do not want to put their money at risk
  • Guardianship of minors or persons with diminished mental capacity
  • Wrongful death particularly when the surviving spouse and/or children need monthly or annual income
  • Severe injury, especially those that result in shortened life expectancy
  • The need to replace lost income

“Congress created Structured Settlements to provide long-term financial security for victims of serious injuries, many of whom are permanently disabled.

Structured Settlements meet the victims’ ongoing expenses for medical care, living needs, and family support. They serve the public good by ensuring that victims don’t dissipate their settlements.”

-Alan Reich, President, National Organization on Disability