
That means instead of getting the entire amount of money in one shot, it will be given in periodic payments. So, a good deal must be negotiated initially because it would be very difficult to change the terms later.

However, circumstances change. What if you needed a lump sum now? You can try to change the terms, but you may be able to sell structured settlements. A third party company can buy your structured settlement, for a fee or percentage of the entire amount.