Structured settlements are financial package permitting a settlement to be paid in regular installments either for a fixed period or for the lifetime of the claimant. Because structured settlements are customized plans , they may also include some immediate payment. The structured settlement payment is usually made through purchase of an annuity from a Life Insurance Company. Structured settlements are used to resolve personal injury claims, workers compensation,and other types of claims. Companies compete by purchase structured settlements, so shopping around is a good idea id you are looking to sell your structured settlement.