One more disadvantage of a Structured Settlement, is the danger that all of the payments may not be approved in the future. This is particularly a concern when minor companies are creating the payments and there is concern they may exit of business or else be unable to pay in the future. Most insurance companies get out annuities to cover the settlement expenses, but there is at times a concern that the payments may end, leaving the aggrieved party with no stream of income, they often get used of count on. There is also a weakness for the insurance company because it doesn’t appear good to have quite a few settlement accounts sitting on their books.
How Structured Settlement Appears in the Market_8
March 12th, 2011 | Legal