In the case of personal loss a structured settlement is an insurance or financial statement that an applicant acquires, rather than accepting a full onetime payment. Settlements generally come from some legal claim, and give an individual a specific amount of money for a limited definite period of time. Even though structured settlements can give ease only for a period of time. This system of payment also may create difficulties for those people who require liquidity in order to manage new financial responsibilities. But you need to know when you have to sell your structured settlements.