With a structured settlement, a Defendant, or the Defendant’s insurance carrier, agrees to pay an injured party a sum of money over a set period of time for his or her future financial needs. To fund the structured portion of the settlement, an annuity is purchased from one of the highly-rated life insurance companies in the U.S. who offer the product.
Structured Settlements are used by courts in many different types of cases to replace or supplement income that was lost through the fault of someone else. Since they’re conducted through a third party, it also means someone doesn’t consistently need to associate with the person or entity that wronged them.
Method of settlement of claims, which consists in the implementation of periodic payments for a certain number of years or for life in those cases when it is necessary to provide special medical care a person injured as a result of the injury.
Often these payments are financed from the funds of the insurance annuity. Therefore, in order to resolve the inflation factor is taken into account. Structured settlement is usually less costly for the insurer or the company using the principle of self than the settlement by paying the total amount.
WHAT TO DO AFTER A CAR ACCIDENT
It is not unusual to be in a state of shock after an accident. You may be so shaken up that it’s difficult to remember exactly what happened and all of the facts.
It’s very important to document as much of the needed information as possible at the time of the accident. If you are physically able, call 911 from the scene. When the police arrive, they will survey the situation, document the accident and take statements from witnesses. Pictures are very helpful. If you have a cell phone take photos of both cars involved and the scene. Record the weather conditions, road obstructions and any other details that could be helpful.
In order to get all of the facts about the accident documented, there are a few things that you will need to know. Some of the information that you may be asked by an insurance company or car accident attorney may include:
How did the accident happen?
Who caused the accident?
Do you have any photos?
What are the names of the drivers involved?
What were the conditions of the road at the time of the accident?
What was the weather? Ice? Snow? Fog? Rain?
Where there any road obstructions that caused the accident?
If so, where were obstructions and what were they?
Who were the passengers in the car?
Was anyone hurt in the accident?
If so, what are the injuries?
Were there any witnesses? Do you have their contact information?
Do you have a police report?
It is imperative that you hire or at least consult with an accident attorney as soon as possible after the accident — especially if you are thinking about pursuing a legal action. An accident attorney will fight on your behalf for the money you deserve.
WHEN SHOULD A PERSONAL INJURY LAW FIRM TURN TO LITIGATION CASE DISBURSEMENT FUNDING?
As an attorney, you know all too well how quickly case disbursements for experts and other expenses can quickly add up. Funding litigation expenses on your own can be a real burden on your bottom line and cash flow. As your practice grows, firms often turn to using their own resources and lines of credits to cover these expenses. It is easy to see how these financial resources can become exhausted over time, and that simple fact can limit your effectiveness as your case load increases.
In addition to the costs, injured clients may also suffer economic hardship during the litigation process, often pressuring their attorneys to settle a case before reaching its maximum potential.
HOW DOES IT WORK?
Unlike a line of credit, there are no monthly payments or upfront charges. Once a case is approved for case disbursement funding, our money can be used to cover all fees associated with a case, including court fees, medical reports, expert witnesses, and other crucial costs and expenses.
There is a one-time application and processing fee per case and you can use our money as needed. Repayment is made as a disbursement at the conclusion of the case from the resulting settlement or verdict. As with our plaintiff funding, if there is no settlement or plaintiff’s verdict, you owe us nothing!
Is Legal Funding for Me?
Let’s examine what legal funding can do for you and what you should consider when contemplating this decision.
The advantage of legal funding is that it costs you nothing if you don’t win your case or get a settlement. It can help you to make ends meet until your case is settled. The money can be used for to pay for monthly living expenses such as rent, food, utility bills and other daily living expenses. Legal Funding can definitely help ease your financial burden while your case is in litigation. However, legal funding isn’t for everyone and should be considered along with all other options.
This is where your attorney can help you understand if it is an option for you. Even though your attorney cannot guarantee you a settlement, they can offer their educated opinion as to how much your case is worth and how long it will take to settle. They can provide you with information that will help you understand the possible outcome of your case and and this information can assist you in determining if legal funding is the right solution for you.
So once you have a reasonable expectation as what your case case is worth and how long it is going to take to settle, you can decide if legal funding is right for you!
Best Structured Settlement Companies:
Structured settlements, cash for structured settlement annuities & buyer of structured settlements payment services from Annuity Transfers, Ltd. We are buyers of annuities structured settlements with years of experience and unmatched customer service. You can sell your monthly payments for a lump sum with ease of a breeze.
Financial Advisors |Safer, Higher Yield | Alternative Investments – Specializing in alternate investments with higher returns and lower risk than many traditional financial products.
Cash for Structured Settlement & Annuity Payments | CBC. Get Cash for Structured Settlement & Annuity Payments. Our specialists can show you how. Call 877-386-3377 for a free quote now.
Sell Your Structured Settlements and Annuities | Client First Settlement Funding. Client First is a different kind of structured settlement purchaser, designed to put YOU first. Chat with a settlement specialist today! Call (888) 594-1195.
Lump Sum Cash Now for Settlements & Annuities. DRB Capital Can Help You get a Quick Lump Sum Payment For Your Structured Settlement Payments or Annuity Payments.
J.G. Wentworth | So Much More Than Structured Settlements. J.G. Wentworth can get you cash now through a variety of solutions including structured settlement and annuity payment purchasing, and our loan options.
Get cash for your annuity or structured settlement. Call (855) 255-2671 to get cash for your structured settlement or annuity from Liberty Settlement Funding.
Millennium Settlement Consulting® is a leading provider of structured settlements for its clients by offering the most comprehensive advisory services and financial products in the industry—all designed to best serve claimants, including loved ones and caretakers, by meeting their unique needs and concerns.
Get the Most Cash for your Settlement with Novation Settlement Solutions. Sell your structured settlement orannuity to Novation Settlement Solutions. We are the most respected structured settlement buyer with over 15 years of experience.
Patrick Farber Structured Settlement Brokers. Patrick Farber | Structured Settlement Broker | California – Los Angeles – San Francisco – Orange County.
Sell Structured Settlements for Cash | SenecaOne®. Need immediate cash from your structured settlement or annuity? Call SenecaOne for options like $5,000 Right Away. Your consultation is 100% free.
Settlement Capital Wants to Buy Your Structured Settlement for Cash.
Settlement Planners, Inc. Settlement Planners, Inc. is a national structured settlement planning firm.
Structured Settlement Company | Woodbridge. A trusted structured settlement company since 1993, Woodbridge Structured Funding offers cash for structured settlements & annuities. Sell your annuity now.
Pacific Life. For more than 145 years, Pacific Life has offered life insurance, annuities, mutual funds to help protect individuals and families from financial risks that affect their investments, retirement savings, and businesses.
Bradford Settlement Company – Your Structured Settlement Advocate.
Creative Capital Structured Settlements.
JCR Settlements, LLC | Structured Settlements. MSA Plus.
McNay Settlement Group – Settlement Planning, Financial Consulting. We help individuals, children and those with special needs plan their financial futures in Settlements and everyday financial matters.
If you need structured settlement information this is the place to start. Over 50 pages of free structured settlement information. structures.com, LLC, a Best Recommended Expert Service Provider for structured settlements.
ROBINYOUNGCOMPANY.COM – RobinYoung & Company – Structured Settlement Specialists. Structured settlement annuities are innovative and powerful financial tools that offer individuals, spouses, and families many benefits to meet their needs, desires and expectations, often for a lifetime.
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NYLSS.COM – Structured settlements are a negotiated settlement of a personal injury claim in which the defendant agrees to make periodic payments to the plaintiff.
- Guaranteed payments over a period of time.
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- Funds to pay college cost.
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