# Using Structured Settlement Calculator

Structured settlement calculators are online tools which help in deciding the amount of payment you should receive in case you decide to sell or annuity settlement. It is a bit difficult to calculate settlement amount as it depends upon several factors such as the amount of injury, duration of injury, financial condition and number of years during which the settlement claims have been settled. However, with the use of online structured settlement calculator you can get an estimate of amount of money on which you can receive lump sum or installments.

To use the structured settlement calculator, first you need to enter the total compensation value of your injury in terms of dollars. Also, fill in the years of injury in years. After these details are entered, press ‘Show/Recalculate’ button and results of your calculation will be displayed on the following page.

If you decide to sell your structured settlement payments, then future payments calculation is required. First of all, you need to know the present value of annuity. You need to know the present value of annuity because it will help you to determine how much your annuity will be worth when you sell it. In most cases, the present value of annuity is equal to amount of life insurance you will collect over the life time of the annuity.

In fact, there are many other factors involved in selling settlement. One such factor is what type of structured settlement is involved in the deal. There are two types of structured settlement-one is a taxable settlement and the other is a non-taxable settlement. To use the structured settlement calculator, you need to know about these factors so that you can determine which deal will be beneficial for you.

You also need to determine the amount of time till you receive your lump sum amount. In this case, you can choose to receive payments over a period of time or to receive it all in one payment. You can select any option you want but you should know that the longer period of time you are waiting for the payments to come will cost you more as the rate of interest will be higher.

Last but not least, you should calculate how much your lump sum payout will be. In this case, you can use the structured settlement calculator to get the value of your future payments. You have to remember that you are not required to sell your settlements in this case. Instead, you will receive the sum payout once you die. However, it still makes sense to use this option if you do not want to let go of your benefits.