I don't know much about Structured Settlements, frankly, and in fact first heard of this term a couple of months ago. I have always thought that people would want to get a structured settlement from their insurance payout in installments. I thought that perhaps these insurance policy holders would seek out a Structured Settlement because they rather have a lump sum of money instead of waiting month by month ALTHOUGH lump sum will always be a lot less.
Anyway, today, I learnt something new. Structured settlements can also be used by people who won the lottery. You know, in America, people who bet on lottery would have to opt for either installment plan or one off lump sum payment of winnings at the point of purchase.
If there are people who are lucky enough to win the lottery and change their minds about getting their winnings in monthly installments, they can get a structured settlement and cash out in a lump sum. I just think that it's great to have such an option whether it is used or not.
Some people may say that the person is losing out. Well, as the Chinese say, there are no two sharp sides to a needle, which means, you can’t have the best of both worlds.
Anyway, today, I learnt something new. Structured settlements can also be used by people who won the lottery. You know, in America, people who bet on lottery would have to opt for either installment plan or one off lump sum payment of winnings at the point of purchase.
If there are people who are lucky enough to win the lottery and change their minds about getting their winnings in monthly installments, they can get a structured settlement and cash out in a lump sum. I just think that it's great to have such an option whether it is used or not.
Some people may say that the person is losing out. Well, as the Chinese say, there are no two sharp sides to a needle, which means, you can’t have the best of both worlds.
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