Thousands of people every year win large settlements from personal injury or wrongful death lawsuits. But despite regular payment installments, people find themselves in situations where a structured settlement cash out is needed to address a financial need.
That was the case for a single mom in California recently. After nearly a decade of struggling to make ends meet while she pressed a medical malpractice claim against a large hospital in her home state, she was awarded in excess of a million dollars. In addition to providing an initial payment large enough for her to purchase her own home, the funds also provided her with steady income for the next seven years.