It should be noted that the annuity and the irrevocable direction can never be changed or collapsed once the settlement is finalised. The monthly payments are designed to sustain the injured party for a protracted period and the recipient is effectively protected from losing, wasting or even giving away the settlement funds. In most cases we recommend a lifetime plan. These Structured Settlements guarantee that the claimant will never run out or 'outlive' the money. more... See more text