What Is a Structured Settlement?
Before we get into structured settlement case types, we need to learn exactly what is a structured settlement. A structured settlement is a financial arrangement in which a plaintiff receives periodic payments over time instead of one lump-sum payout after winning or settling a lawsuit. These settlements are typically funded through an annuity purchased by the defendant or their insurance company, ensuring regular payments to the injured party or their family.
Structured settlements are designed to provide long-term financial security, especially for individuals who have experienced significant injury, loss of income, or other life-changing events. However, while the predictable income can be beneficial, many recipients find themselves in need of immediate funds to cover unexpected expenses, medical bills, or major life changes.
That’s where Structured Settlement Funding becomes a valuable financial solution.
Types of Cases That Typically Result in Structured Settlements
Not every legal case results in a structured settlement. Structured Settlement case types are lawsuits where the plaintiff’s injuries or damages have long-term financial implications. Below are the most frequent case types:
1. Personal Injury
Personal injury lawsuits — such as car accidents, slip-and-fall incidents, or workplace injuries — are the most common cases resulting in structured settlements. These cases often involve significant physical injuries and medical costs that require long-term care or rehabilitation. Structured payments help ensure consistent financial support throughout recovery.
2. Medical Malpractice
When medical negligence leads to severe injury, disability, or wrongful death, a structured settlement may be used to provide ongoing financial support for medical care, assistive devices, or family living expenses. These settlements protect victims from prematurely exhausting their funds.
3. Wrongful Death
In wrongful death claims, structured settlements can provide surviving family members with consistent income to replace lost wages, cover living expenses, or fund education for dependents. These settlements offer long-term stability during an emotionally and financially difficult time.
4. Workers’ Compensation Claims
Employees who suffer serious workplace injuries may receive structured settlements through workers’ compensation claims. These payments help cover medical treatment, lost wages, and long-term care needs while ensuring financial security for injured workers.
5. Product Liability
When a defective product causes injury or death, companies may choose to resolve the case through a structured settlement. This approach allows injured parties to receive compensation over time, often for the remainder of their lives, depending on the severity of the damages.
6. Catastrophic Injury
Cases involving life-altering injuries — such as paralysis, traumatic brain injury, or severe burns — often result in structured settlements. These ongoing payments are critical for managing long-term care, home modifications, and loss of earning potential.
How Structured Settlement Funding Can Help
While structured settlements are designed to protect recipients financially, life’s circumstances can change. You may face sudden expenses such as medical emergencies, home repairs, tuition costs, or business opportunities that require more money than your scheduled payments provide.
Structured Settlement Funding allows you to sell a portion or all of your future settlement payments for immediate cash. This financial option helps you access the money you need now — without waiting years for your scheduled payments to arrive.
By converting future payments into cash today, you gain the flexibility to manage your finances more effectively and take control of your financial future.
Why First Capital Is the Go-To Source for Structured Settlement Funding Nationwide
First Capital is a trusted leader in Structured Settlement Funding, helping individuals nationwide unlock the value of their future payments. We are well versed in structured settlement case types and we understand that every financial situation is unique. That’s why we provide personalized solutions tailored to your specific needs.
Our team of experts ensures a smooth, transparent process from start to finish, offering competitive buyout options and fast approvals. Whether you need cash for medical bills, debt payoff, or major purchases, First Capital helps you turn tomorrow’s payments into today’s financial freedom.
Final Thoughts
Structured settlements are an important financial tool for those who have experienced life-changing injuries or losses. However, when immediate financial needs arise, Structured Settlement Funding can provide a lifeline.
Partner with First Capital — your trusted nationwide source for structured settlement advances — and gain access to the funds you need, when you need them most. Contact First Capital Today!