The Settlement Alliance
BP / Deepwater Horizon Settlement Services
Important BP Settlement Award Information
As a recipient of a BP settlement award, you are required to make significant decisions regarding your financial future.
You have THREE options to receive your award amount:
- Option 1: Structured Settlement & Lump Sum Cash Payment
- Option 2: Structured Settlement Only
- Option 3: Lump Sum Cash Payment Only
Although it may be hard to believe, it has been reported that 90% of plaintiffs who receive a lump sum payment of $100,000 or more have nothing left in five years. Remarkably, 30% have nothing left after six months.
Considering a Structured Settlement?
A structured settlement annuity allows claimants to receive a portion of their settlement in cash, and the balance in periodic payments over a period of time or for the rest of their life. In addition, future lump sum payments can be made at key points in life, such as retirement income or college funding for children.