Hopefully, you will never have to file a lawsuit against a doctor, police officer, government agency, employer, or another person or organization due to a wrongful injury (or, at worst, the wrongful death of a loved one). However, these things happen, and when they do it is best for you to be prepared.
Winning a lawsuit for any of these instances is, at best, a bittersweet victory. It’s bittersweet in the sense that it shouldn’t have come to a “victory” at all. Still, getting monetary compensation for a wrong is certainly helpful in the healing process. The average lawsuit involving employer wrongdoing is about $150,000. The medical field pays out more than $3.6 billion a year due to medical malpractice suits. This money may not totally remove the pain and suffering but for certain things, it’s a step in the right direction.
However, winning a lawsuit is only half the battle. Winning doesn’t necessarily mean that you will get paid promptly — or fairly. Oftentimes settlements take months or even years before payments are made. This can put a considerable strain on people who have suffered from a wrongful injury or firing.
For these people who need payouts but cannot get them initially, cash for structured settlement payments are frequently used to get the compensation they deserve. Structured settlement annuity options allow for lawsuit beneficiaries to receive compensation much sooner than they would have left on their own. The average structured settlement payout is approximately $324,000. Beneficiaries who elect to choose structured settlement annuities can see paychecks come in the mail immediately. Immediate structured settlement annuities, for example, people can see payments within 30 days of purchase.
Be sure to get settlement money now before it’s too late. For more information about cash for structured settlement payments, feel free to leave a comment or question at the bottom.