FAQ: What are my Settlement Options?
Two settlement options are available to settle your claim. The first would pay the entire amount at the time of settlement in the form of a single lump sum payment. A second alternative option is a periodic payment settlement, commonly referred to as a "structured settlement", that could pay an initial cash payment plus a series of benefits over a period of time. The amount and frequency of the payments can be designed to meet individual needs and objectives.
While the lump sum settlement is the traditional approach to settling liability claims, the many advantages of periodic payment settlements have made them popular and a frequently selected settlement option.