When a Lump Sum Isn’t the Best Option
Winning a personal injury case or receiving a settlement after an accident is a major relief. However, many claimants quickly find that receiving a large lump sum doesn’t always lead to long-term financial security. This is where structured settlements come into play.
What is a Structured Settlement?
A structured settlement is a financial arrangement where the claimant receives their compensation through periodic payments rather than a single lump sum. These payments are customized to fit financial needs, ensuring stability, tax advantages, and long-term security.
Benefits of Choosing a Structured Settlement
- Tax-Free Payments – Unlike traditional investments, structured settlements provide tax-free income for personal injury claimants.
- Financial Security – Regular payments help ensure you won’t outlive your settlement funds.
- Customizable Payouts – You can design a payment schedule to match your financial needs, whether it’s monthly, yearly, or in lump sums at specific times.
- Protection from Poor Money Management – A structured settlement prevents reckless spending and ensures steady income for essential expenses.
Is a Structured Settlement Right for You?
If you or a loved one is receiving a settlement, consider speaking with a settlement expert to explore how structured payments can secure your financial future. At JMW Settlements, we specialize in creating customized plans that fit your unique needs.
📞 Contact us today to learn more about structured settlement options!