A structured settlement is the result of a court-degreed order for the of payment of damages to a plaintiff resulting from an award made by the court. These settlements include product liability, wrongful death, medical and legal malpractice, personal injury, etc.

Recent court policy has allowed that awards made by the court are to be paid over a prescribed period of time rather than in one lump sum. Often, defendants will purchase an annuity from an insurance company in order to hedge the cost of the payouts to the plaintiff. In such an instance, the scheduled annuity payments would be the subject of the purchase by the funding source.

Through Sovereign Funding Group, the plaintiff can receive a lump sum amount of cash that can be paid immediately, or over a shorter period of time as may be advantageous to the seller-plaintiff. In any instance, the payment of the award would be available to the plaintiff as needed rather than as mandated by the court and the payout schedule of an annuity.

Feel free to contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or email us if you have any questions.