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Navagation: Legal Directory > Senior Settlement
Senior Settlement Senior Settlement: A Senior settlement is a financial package permitting a settlement to be paid in regular installments either for a fixed period or for the lifetime of the claimant. Because senior settlements are customized plans , they usually also include some immediate payment. The senior settlement payment is usually made through purchase of an annuity from a Life Insurance Company. Senior settlements are used to sell a life insurance plan.
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