What Is a Structured Settlement and How Does it Work? - DRB Capital
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If you have been involved in a lawsuit against an insurance company, you probably got a structured settlement—either if the company settled, or if your claim went to court and came to judgment. Structured settlements can be a really good source of income over the course of your life—but they can also make things difficult in certain ways. We’re going to explain what is a structured settlement and how does it work, as well as what options you have for handling your structured settlement and getting the things you need from it.

What is a Structured Settlement?

A structured settlement is a deal that an insurance company makes where instead of making a lump sum payment of an entire judgment, all at once, they send you many payments over the course of years—10, 20, and 30-year payment plans aren’t that unusual. While this gives some help to the insurance company, because they won’t have to deal with the struggle of paying you all at once, it can also be helpful for you in certain situations. If your accident or injury made it impossible for you to work, a structured settlement gives you income for a long time to come—in some cases, for the rest of your life. But, a structured settlement can’t help with everything. Because you are waiting for the full amount of your money over the course of years, expensive things—houses, cars, education—are harder to get. But you do have options.

Cash Lump Sum Options for Your Settlement

The best option you have if you need a lump sum of cash from your structured settlement is to find a structured settlement funding company. Companies like DRB Capital can help you convert some or all of your future settlement payments to cash for you to use right now, so that you can take care of needs you have right now instead of waiting for years. If you’re looking to start a new business, or get back to school, or just buy a house so that you’re not renting anymore, you can contact a structured settlement funding company like DRB Capital, and we will help you to get the money you need. Of course, you can’t just say to the courts, “I want all of my structured settlement capital right now”.

You have to demonstrate that there is a good reason to allow you to exchange your future payments for settlement cash now. A DRB Capital specialist can help you figure out the best way to get your cash immediately, instead of having to wait for years. If you have any questions about how you can get cash for your structured settlement, please call us at 877-894-4541.

 
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