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Article: Structured Settlement Mkt. Open To Planners.
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- June 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Some observers in the structured settlement industry refer to the business as a "mature." Nothing could be further from the truth. The structured settlement industry is one of growth.
For the uninitiated, a structured settlement is a way of settling a personal injury lawsuit for a stream of payments other than a lump sum payment. When set up properly those payments are tax-free to the injury victim.
A structured settlement is a tremendous financial planning tool that can be set tip to meet a person's regular income needs and allow for additional payments at a future date.
A variety of factors are fueling the growth and development of the structured ...