A structured settlement is a financial arrangement wherein someone receives payment on a structured basis. This arrangement was created to the mutual benefit of both the one receiving and the one paying the settlement. These payments are also set up to reduce the financial burden placed on the insurance companies if they had to pay the full amount upfront. If you were awarded $1,000,000 for example and the insurance company was forced to pay this all at once it would pose a large burden. Settlements are arranged so the insurance company can pay you over time. As a reward for accepting these structured payments you will end up receiving a greater sum of money because you earn interest in the money yet to be paid. In this way the settlement is designed to help the liability holder pay off the compensation over an agreeable period of time, be aware of this if you want to buy structured settlements click here.
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