Types of Structured Settlements

A structured settlement is money that’s been awarded to someone who’s won a lawsuit. However, the person can’t access the money all at once — only in installments.

Woman holding structured settlement payment

Most common settlement types

Typically, a predetermined schedule will be created detailing when and how often they’ll receive a payment. The installments are an alternative to large compensatory lump sums that usually don’t offer long-term financial stability.

 

The most common types of structured settlements involve the following:

    1

    Medical Malpractice

    Any act or omission by a physician during treatment of a patient that deviates from accepted norms of practice in the medical community and causes an injury to the patient. Medical malpractice is a specific subset of tort law that deals with professional negligence.

    2

    Personal Injury

    An injury to a person’s body or mind, as the result of an accident.

    3

    Wrongful Death

    When a person’s death is caused by a negligent or intentional act of a wrongdoer.

How can we help?

Contact JG Wentworth today to find out how we can help you get Cash Now from your Structured Settlement.

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