November 13th, 2007
Overview On Structured Settlement Payment
Structured settlements refer to compensation payments via periodic allowance scheme. Usually, such annuity payments established to reimburse the settlement recipients losses of income or working ability in long term.
Such settlement system is first introduced in Canada in the 1970s. The idea was so brilliant and it quickly grabbed its position in United States and turned popular in Europe countries eventually.
Advantages with structured settlement
Structured settlement in general comes with a few advantages that conventional lump sum cash settlements do not give. A few major plus points include the elimination of dissipation risks involve with lump sum cash settlement and tax exemption on the settlement income.