How Cash Settlement Works and Compensation from Insurance Companies

Who are you normally entitled to compensation from? The insurance companies. They have actuaries that determine the seriousness and likelihood and injuries and assign values to what those likelihoods are. But formulae cannot always account for lost vision, missing limbs, or a general alienation from your family. The insurance companies structure cash settlements based upon how serious they think your injury is. A cash settlement can be in your best interest if you have pressing needs and if the injuries are more serious and do not keep you off the job. You are basically looking for a company that will pay you top dollar for your "note." A note is basically your legal entitlement to be paid over time. A note is assigned in the cash settlements process and then the company buying that note has the legal right to collect that money from the insurance company. The company may be J.G. Wentworth, Peachtree Settlement Funding, or others. What should you look for in a cash settlement company? That comes next...