Structured Settlement Payments.

When a structured settlement agreement is reached on the benefits to be included, the defendant will agree to fund a stream of cash to the victim. The structured settlement payment obligation is then legally assigned to an independent third party that has experience in this area, usually a life insurance company. In theory, the victim is protected from further legal complications or financial hardship of the defendant. The structured settlement is generally set up as some sort of an annuity that makes payments according to the prescribed and agreed upon schedule.