If you agree to take your award as a structured settlement instead of receiving one large amount from the plaintiff you will receive periodic payments over the course of a fixed number of years.
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Typically it can take 4 6 weeks on average to get money from your structured settlement using jgw as it must have a judge s approval and setting up a court date takes time.
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This is due in part to the trade off investors in structured settlements have to make that trade off being higher returns than some other fixed income vehicles but in turn giving up a degree of.
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One lump sum of cash they will pay to you.
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However you can arrange to get some of your money sooner in a pre settlement arrangement which can take as little as three days.
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For example if you win 500 000 your structured settlement might require the defendant to pay you 50 000 every june for ten years.
A lump sum payment means that the defendant or the defendant s insurance company makes one payment to you and that payment settles the case however instead of a lump sum payment some plaintiffs opt to have their compensation paid out in a structured settlement.
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The majority of settlements in personal injury cases are lump sum payments.