structured settlements

A structured settlement is a financial arrangement where a person who has received a large injury or accident compensation gets regular, periodic payments instead of a lump sum. This arrangement helps manage and protect the funds, providing steady income over time to cover ongoing expenses or financial security. The payments are typically funded through insurance companies and can be tailored to meet specific needs, such as future medical costs or income replacement, offering stability and long-term support rather than a one-time payout.