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What is a “substandard” case and what is its impact on the cost/benefit of the structured settlement package?

April 26, 2017benefit Case COST impact package structured substandard

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What is a “substandard” case and what is its impact on the cost/benefit of the structured settlement package?

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A substandard case refers to a catastrophic injury and a shortened life expectancy for the claimant. Fewer years of life annuity payments (because of the reduced life expectancy) translates into savings of premium for the defendant while providing additional benefits for the plaintiff. Should the plaintiff live longer than anticipated, payments will continue for life.