Will I receive my compensation in a lump sum?

Compensation for your personal injury case can be handled in many ways. A “lump sum” may be given if the person liable for the injury is able to pay out this money immediately. Insurance companies often pay victims in this manner. This can help an individual who has fallen deep in debt while attempting to recover from an injury. Another payment method is called a “structured payout.” This is compensation that is paid out over a period of time. Some choose to invest this money, gaining interest as it is paid out. A structured payout can also be beneficial if medical bills and other expenses continue over time.

Contact the St. Louis personal injury lawyers at the Finney Law Office today at 314-646-0300 for more information on seeking the compensation you deserve as an injury victim.

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