Here is a list of frequently asked questions (FAQ’s) regarding structured settlements. Click on the + symbol before any question below to see the corresponding answer. The first question will automatically close when you open any subsequent question. Any Arcadia Expert would be happy to answer additional questions or explain any answer in more detail. Visit the Contact Us page to locate an Arcadia Expert to talk more about structured settlements.
The Defendant or its Insurer makes a legally-binding promise to provide the future structured payments to the injured party, also known as the Claimant. The Claimant agrees to accept these structured payments and any immediate cash at the time of settlement in exchange for a release of the claim.
Structured settlement payments are funded with annuity contracts issued by highly-rated life insurance companies. The Defendant, Insurer or Assignment Company responsible for making the future periodic payments must buy and own the funding contract to assure that payments are tax-free as allowed by the Internal Revenue Code. Payments from the annuity contracts are sent directly to the Claimant.
- General Liability
- Medical Malpractice
- Auto Liability
- Workers’ Compensation
- Maritime
- Railroad
- Government
- US Department of Justice
- Municipalities
- Non-Qualified/Non-Physical Injury Cases
- Employment Cases
- Attorneys’ Fees