A structured settlement can be of great help in case a person has a settlement with someone or some organization regarding any kind of compensatory claims. This is a kind of annuity which helps the pay-out process of compensatory claims with certain advantages given on the tax front.
Periodic payments which are tax free in nature can be done to the owners of the structured settlements. These structured settlements are quite common these days and a lot of people pay back the compensation amounts in installments under the structured settlements. Recipients get complete tax concessions on the pay-out installments.