Litigation

What is "Period Certain and Life" or "Years Certain and Life"?

By John Darer

The question was "I HAVE A STRUCTURED SETTLEMENT FROM AN ACCIDENT SETTLEMENT THAT SAYS "YEARS CERTAIN, AND LIFE". WHAT DOES THAT MEAN?"

Answer:

Years Certain means the number of years that the payments that are described as certain will be paid regardless of whether or not the payee survives the entire payment schedule.

In some cases the number of years certain is referred to as the number of years guaranteed although such usage may be misleading because when there is a years certain and life the payee is guaranteed to receive payments for the rest of his or her life.

For more information on the types of structured settlement payments available please click here

Full post as published by Structured Settlements 4Real on January 31, 2010 (boomark / email).