{"id":2550,"date":"2019-12-30T16:35:22","date_gmt":"2019-12-30T16:35:22","guid":{"rendered":"https:\/\/www.chblawfirm.com\/blog\/?p=2550"},"modified":"2019-12-30T16:35:22","modified_gmt":"2019-12-30T16:35:22","slug":"pros-and-cons-of-insurance-company-structured-settlements","status":"publish","type":"post","link":"https:\/\/www.chblawfirm.com\/blog\/pros-and-cons-of-insurance-company-structured-settlements\/","title":{"rendered":"Pros and Cons of Insurance Company Structured Settlements"},"content":{"rendered":"\n

When an insurance company agrees to pay someone a\nsettlement, they may offer to make payments periodically rather than in one\nlump sum. This is called a structured settlement, and it does sometimes occur\nin insurance claims and lawsuits. At first thought, you might expect a\nstructured settlement to be a bit of a disadvantage to the payee, however there\nmay be more benefits to structured settlements that meets the eye. On the other\nhand, there are also a few disadvantages, or what some would consider cons to\nstructured settlements. <\/p>\n\n\n\n

Continue reading to learn some of the pros and cons of\ninsurance Company structured settlements, and where to get the best legal\nadvice regarding your potential accident claim. <\/p>\n\n\n\n

\"Personal
Personal Injury Attorney Law Firm 317-881-2700<\/figcaption><\/figure>\n\n\n\n

Potential ADVANTAGES of Structured\nSettlements  <\/strong><\/h1>\n\n\n\n

If you were to ask a group of individuals who have\nreceived a structured settlement in the past from an insurance company, they\nwould likely tell you that the primary benefit they experienced was secure\nfinancial management. By receiving their settlement in increments rather than\none lump sum, they were able to better control their spending and savings, and\ntherefore, practice improved financial management.<\/p>\n\n\n\n

Here are some additional prospective benefits to\nreceiving a structured settlement:<\/h2>\n\n\n\n

In many cases, a structured settlement usually winds\nup paying out more money than a lump sum payment.<\/p>\n\n\n\n

Structured settlements can also make financial\nplanning, namely tax planning, a lot easier when compared to the process\nfollowing a lump sum payout.<\/p>\n\n\n\n

Due to the added annual income a structured settlement\nprovides, recipients may be eligible for certain tax benefits and advantages.<\/p>\n\n\n\n

Many recipients of structured settlements enjoy adding\nto their annual income as an alternative to receiving a bulk payment from an\ninsurance company settlement.<\/p>\n\n\n\n

By receiving a structured settlement in periodic\npayments, recipients can better control their spending and savings over time.<\/p>\n\n\n\n

Potential DISADVANTAGES of Structured\nSettlements<\/strong><\/h1>\n\n\n\n

When it comes to the possible disadvantages of\nstructured settlements, there may be a few. In fact, if you were to ask the\nsame group of individuals in the last example, they would likely have a few\ncomplaints as well. One of the main disadvantages discussed among structured\nsettlement recipients and legal advisors is the fact that it can hold you back\nfrom taking advantage of certain investment opportunities, such as investing in\nstocks, bonds, real estate, business, schooling, and more.<\/p>\n\n\n\n

Here are some other possible cons to accepting a\nstructured settlement:<\/h2>\n\n\n\n

In some scenarios, a structured settlement can turn\nout to be less money than a lump sum payment after you consider commissions,\nfees, and inflation.<\/p>\n\n\n\n

Many are opposed to structured settlements from\ninsurance companies because they don\u2019t like the idea that a financial\ninstitution has control of their settlement.<\/p>\n\n\n\n

There are several legal regulations restricting how\nyou can sell your structured settlement, if you ever choose to do so.<\/p>\n\n\n\n

Trusted Legal Advice About Insurance\nSettlements for Indiana Injury Claims<\/strong><\/h2>\n\n\n\n

Call The Law office of Craven, Hoover, and Blazek P.C. at 317-881-2700<\/strong> to discuss your potential Indiana personal injury claim<\/a> with a licensed accident attorney you can trust. Our law firm offers free initial consultations and never collects lawyer fees unless we recover a settlement or judgment for you. Get started on your path to financial and emotional recovery with a simple phone call to our Indianapolis accident injury lawyers, today.\u00a0 We represent clients throughout the State of Indiana.<\/p>\n\n\n\n

\"Indianapolis
Indianapolis Personal Injury Lawyers \n317-881-2700<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

When an insurance company agrees to pay someone a settlement, they may offer to make payments periodically rather than in one lump sum. This is called a structured settlement, and it does sometimes occur in insurance claims and lawsuits. At … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[114,246,200,174,199,275,1192],"class_list":["post-2550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-injury","tag-personal-injury-attorney-indianapolis","tag-personal-injury-claims","tag-personal-injury-info","tag-personal-injury-lawyer-indianapolis","tag-personal-injury-terms","tag-settlement-checks","tag-structured-settlements-pros-cons"],"_links":{"self":[{"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/posts\/2550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/comments?post=2550"}],"version-history":[{"count":1,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/posts\/2550\/revisions"}],"predecessor-version":[{"id":2552,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/posts\/2550\/revisions\/2552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/media\/2551"}],"wp:attachment":[{"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/media?parent=2550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/categories?post=2550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chblawfirm.com\/blog\/wp-json\/wp\/v2\/tags?post=2550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}