On January 22,2002, President George W. Bush signed into law a bill that protects individuals who must sell their structured settlement payments to meet unplanned financial needs. H.R.2884
Victims of Terrorism Tax Relief Act of 2001 (Signed by the President January 22,2002))

Under a structured settlement, a lawsuit plaintiff will not receive compensation in one lump sum but will receives a periodic stream of payments according to the terms of the structured settlement. This bill makes it mandatory for individuals to seek court approval when they sell their structured settlement payments to meet some urgent financial need.

Sometimes circumstances in life arise for individuals who are receiving a structured insurance settlement.