New DC Legislation Will Protect Consumers’ Structured Settlement Annuity Rights
Many personal injury cases in the District are settled using a “structured settlement.” Such settlements provide for the payment of damages to the injured party in a stream of income over a period of years through a special form of annuity. But the persons holding these annuities are often victimized by companies who seek to purchase some or all of the future payments in exchange for immediate cash that is far less than the value of the purchased payments. To make matters worse, the sellers often do not understand the full implications of the transaction. Read more →