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Does a Structured Settlement Make Sense to You?
at 2007-11-28 12:51:02 -0500
Understanding how structured settlement annuities work. A structured settlement is the periodic payout of a settlement amount over a period of years. It is just that simple, money for a period of time. Structured settlements are often used to award damages in a lawsuit or a settlement. The settlement is not a sum of money, but an income stream for a specific period of time. Normally the income stream is tax free and not subject to income taxes.
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