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Lately structured settlements are increasingly becoming very popular and being resort to, in that they provide large chunk of benefits to everyone involved in the settlement contract.
Structured settlement as a package, first came into existence in the 1970s and had its origin from Canada. From then it has rapidly moved into the United States of America. These system has also spread to other countries around the globe.
One good thing about a structured settlement annuity is the opportunity it provides so that payments can be tailored to cover a longer period of time that could even extend to a throughout a person's life time. What's more, if it happens that the payee dies a determined amount on the settlement can be made out to his family members.
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Although structured settlement appears not to be without disadvantages, yet there are some occasions when some individual will rather not embrace the package. In such cases there are other alternatives to structured settlement, especially when the individual would love to be given a huge sum of money to avoid waiting to be paid on monthly basis for life.
Do you know how a structured settlement is structured? One thing about the method of structuring the settlement is that it is very common with almost every one. The money that is owed you will be spread equally for each month this will constitute what you'll be receiving on a monthly basis.
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