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Everything You Need To Know About Structured Settlements



Everything You Need To Know About Structured Settlements

One of the most stressful aspects of a lawsuit is having to fight in court. Wouldn’t it be nicer to settle a case outside the rigmarole of a courtroom?

You can opt for structured settlements in lieu of going to court. Structured settlements are a financial agreement in which the defendant pays the plaintiff to drop the case.

This payment is intended to drop the case and cover any damages that a plaintiff might claim.

Here’s what you need to know about choosing structured settlements:

The Structured Settlements Process

The first step for a plaintiff is to find an attorney or an organization that can help with negotiating a structured settlement plan. This agent is known as a qualified assignee.

You can continue reading about how an organization is the best route to take.

Now let’s look at the process once you’ve found a qualified assignee to help you with your structured settlement. Here are the steps:

  1. The plaintiff first has to sue the defendant for an injury or illness or death caused by the defendant’s actions
  2. The defendant has to respond and accept the lawsuit for the case to continue
  3. The plaintiff can offer a structured settlement as opposed to going to court
  4. Both parties will work with a qualified assignee to determine a suitable financial amount
  5. The qualified assignee will then purchase a life insurance plan to help the plaintiff receive their payments over their lifetime

It’s a fairly simple process and it can get completed within a short amount of time. The only thing that can delay a structured settlement is when both parties can’t agree on a financial amount.

Major Advantages of Structured Settlements

So why should someone consider choosing a structured settlement over going to court?

The first advantage, of course, is that you can avoid a lengthy court case. You might even, potentially, earn more from a structured settlement than from a court case.

You also have to accept that you might lose a court case. If you do, you might be expected to pay damages or legal fees for your defendant. You might also have to pay fees to your own legal counsel.

As such, many victims of personal injury choose to opt for a structured settlement. It can guarantee payment and also saves the hassle of going to court.

It also protects the plaintiff from having to burden themselves with legal fees. It’s also a great choice if you have challenges finding the best legal counsel.

Another great advantage is that structured settlements aren’t taxable income. Even if your structured settlement generates interest, this isn’t eligible for taxation.

It also doesn’t affect your Medicaid or Social Security Benefits or other forms of government aid that you might be eligible for.

Payments from a structured settlement can also go to a beneficiary in the case of a recipient’s death.

It allows you to choose to get paid over a specified period of time. You can choose how much to get paid during each payout period as well. This can also help you delay gratification and avoid extravagant spending.

Structured settlements also don’t get affected by fluctuations in the market as other investments would.

Those are a few of the major advantages of structured settlements. Let’s now look at how a structured settlement works.

Annuity Contracts

When you receive a structured settlement, you’re receiving an annuity contract.

This is a contract that agrees to pay you an annuity over your lifetime. The plaintiff determines how much should get paid each year. The plaintiff also decides how the money gets distributed.

The benefits from a structured settlement can get paid as a lump sum. Alternatively, they can get delayed until retirement.

You can use these benefits as a supplement to your main income. For the most part, you can also make minor changes to the contract as time progresses.

Let’s look at some of the different types of annuity contracts for structured settlements.

For Minors

If a minor receives a structured settlement, their parents or legal guardians are in charge of the funds.

This settlement ensures that a minor’s funds get preserved and get paid out accordingly. It’s intended to protect the minor from recklessly spending their settlement.

Lawsuit Payout Options

When you win a settlement in a lawsuit, you usually receive it as a lump sum payment. This can make it difficult for someone who isn’t wise with managing their money.

With a structured settlement, you don’t receive all your funds in one go. As such, you learn to delay gratification. It also helps you manage your money much wiser.

How to Negotiate a Structured Settlement

When you agree on a structured settlement, you want to choose a life insurance plan with a high rating.

In the event that the insurance company fails or becomes bankrupt, you lose your structured settlement. Afterward, you wouldn’t be able to request another structured settlement from the defendant.

In most cases, you can negotiate the terms of the structured settlement. These terms can include the following:

  • How long the settlement should last
  • How much money you wish to receive with each payment
  • How often do you wish to receive your money?
  • Do you want payments to be granted to your heirs?
  • Do you want a lump sum payment toward the end?

You might wish to seek advice from an attorney on how to best negotiate your structured settlement.

You want to make sure you get a deal that brings you the most money possible. You also need to learn how to manage your money during this time.

Those Are the Facts About Structured Settlements

Now that you know about structured settlements, you can decide whether this is the best route for your case.

This is a popular alternative to taking someone to court and hoping for a decent settlement. It also guarantees that you win a settlement, whereas such certainty isn’t available in court.

Please make sure you share this guide with anyone else interested in structured settlements. You can find more tips on the law on our website!

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Custom License Plates Are Booming The Business Market




Custom License Plates Are Booming The Business Market

Whether you are looking for vehicle license plate or for any other business, it is always better to customize them to match your needs. There are simple and customized license plates available online, making this business really booming at present. Right now, reliable e-commerce centers are selling custom license plates at reasonable rates, making customers happy and growing their business in return.

So, before you even think of getting hands on one such license plate, let’s find out what you are about to invest your money in. Based on your requirements, the rates will change, and so is the design. Customize the license plate with any font size, color and style that you want. The steps are easy and you can rely on that well.

Basic features to work on:

If this is your first time ever dealing with customized license plates, then there are some points you need to cater in. Focusing on the features will actually let you know more about the product before you invest your money in.

  • The reputed online stores will ship their items fast. Most of the reliable firms will take 1 to 2 days to deliver the product at your given address.
  • If you plan to get a bulk order delivered, maybe for your company’s cars, then you can save some money on these signs too,
  • The vibrant design that you will choose for the plates will be infused permanently into the durable aluminum metal.
  • As you will get the plates in strong aluminum material, it will ensure a better hold just like you have asked for and will last the longest.
  • The front plates will measure somewhat around 6 x 12 inches with the four holes needed for proper placement. The sizes will vary based on your choices.
  • However, you might have to buy the mounting hardware separately as the pieces are not always included in the pack.
  • The best part about reliable license plates is that the items are not going to crack or peel. So, the design you have chosen will remain intact on the plates till the end.
  • These plates are designed to be fade and scratch resistant. So, even after the harsh UV rays fall directly on the plates on a daily basis, it won’t fade the glow of the items. Even water won’t be any to rust the license plates.

Always check in for the glossy and beautiful smooth finish of the license plates. If you are lucky enough to choose the best firm for help, you can get the plates in more than 20 colors and in 15+ font styles. So, go through the available options before you make the pick with the best one.

Focus on the quality:

As you are about to invest some money on the license plates, you want to focus on their top-notch quality. Now get it covered by experts, making the final products long lasting. The glossy texture and the warranty periods will help you to make the right choice with company selection.


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4 Reasons Why You Should Introduce Promo Codes in Your Business




4 Reasons Why You Should Introduce Promo Codes in Your Business

Earlier on, few businesses used to allow customers to use promo codes in order to buy an item or two. However, this is no longer the case as more businesses are now allowing their customers to buy different goods and services using promo codes. Unlike other offers, promo codes allow customers to save more on the purchases they make out there. Since every customer is looking for a store or a shop where he or she can buy a product using promo codes, you should not hesitate to introduce them in your business. By introducing promo codes in your business, be sure that you will enjoy the following benefits:

1. Enables you to attract new customers

One way to attract new customers is by allowing them to use promo codes to buy a different products in your business. Whether you sell shoes or clothes, you should allow your customers to shop for these items using promo codes.

If you have not yet created promo codes for your customers, create them so that customers can utilize them. If you have been getting 10 customers in a day, you will be getting 20 or more daily by allowing them to use promo codes.

2. Makes your customers remain loyal to you

Customer loyalty is not earned just like that. One has to toil, moil and soil himself or herself. The good news is that promo codes can help you build this loyalty among many customers. By allowing your customers to submit promo codes, be sure that they will feel valued and appreciated. After all, every customer like being rewarded, every now and then.

3. Enables you to get more referrals

If your current customers had a good experience shopping with promo codes at your shop, they are likely to encourage other customers to visit your shop or store. Generally, you will get more referrals to your business every now and then. The more referrals you get, the more the sales made. For instance, one customer can refer 5 customers to your shop or store

If you normally have 10 loyal customers, they might bring an additional 50 more customers in the long run. At the beginning, the number of referrals might be few but it may increase steadily as days go by. Consequently, you will be able make more sales and increase your profit margins.

4. Increased web traffic

Any time that you are implementing a promotional strategy such as allowing your customers to shop using promo codes, be sure that you will get an increased web traffic on your site. More people would like to know what you are selling and perhaps try your products.

If they are able to get value for their money, be sure that they will keep on coming back for more. As a result, you will be able to make more sales and remain competitive out there.


By introducing promo codes in your business, be certain that you will enjoy the above-mentioned benefits. From be able to attract more customers to having a higher web traffic, there are many benefits of introducing a promotional strategy such as promo codes in your business. Consider these ideas today and you will be successful in your business.


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Should You Launch Your Own Business?



Should You Launch Your Own Business

When you ask people what’s on their bucket list, launching their own business is something that’s likely to be close to the top. However, you may be wondering whether owning a business is right for you. It’s not a decision to take, so here are some pointers to get you on your way.

Local laws can vary

In some areas, entrepreneurs are encouraged, while other places can have more red tape. This is why it’s important to do your research before you decide to launch a business. Starting a Hong Kong company is easier if you get professional help and advice, so don’t be afraid to speak to the experts. Spending some money on business advice pre-launch can save a lot of heartache down the line, and means you get off on the right foot.

Marketing is important

As a small business, you aren’t just competing with other local businesses, but the global ones too. That’s why marketing is so important to small businesses. It means you can build a following and get the right people interested in your business, so you can be successful from day one.

A small businesses’ digital strategy needs to include:

  • A professional website with booking or shopping capabilities
  • Social media strategies that make the most of each platform
  • Content that’s relevant and fresh
  • An SEO strategy to ensure you can be found

As a busy owner, you’ll no doubt want to outsource this work, so you should consider working with a local agency who can help you get results.

You don’t have to go all-in at first

Many successful businesses start as a side hustle, with someone working their full-time job and running it in their spare time. As the business becomes more successful, the owner can then consider dropping their day job and going all-in. This is a much less risky strategy, as it ensures you can still have an income coming in while you see if the new business can take off.

There are plenty of online guides

Not sure how to start a business? It can be a confusing process, but luckily there’s a wealth of information out there. Look at this guide to starting a business, which can guide you through the many steps. Of course, some businesses are more complex than others. If you’re just starting out, you might want to keep things simple, and once you have the experience, you can move onto bigger things.

Starting a business has become easier in recent years thanks to more people working remotely and the globe opening up. It can be a good way for you to do something completely different, and if you want to start a business, you should definitely look into whether it’s feasible. There are plenty of businesses out there that were started from nothing, and there’s no reason why you shouldn’t become an entrepreneur too. All you need is a great idea, and to do your research, to ensure that you make a go of it.

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