A personal injury settlement is usually paid in one of two ways:
Lump-sum: If your settlement is a paid as a lump-sum settlement, then you will be
paid the full amount at once.
Monthly: When a lump-sum settlement is not offered or possible due to the defendant’s
financial restrictions, the money will instead be paid in monthly increments,
usually spaced out over two or so years, depending on how much is owed.
Keep in mind that any amount of compensation you receive might first be
reduced by the payments of miscellaneous costs and debts owed. For example,
if your injuries were treated through a medical lien, then the physician
that agreed to the lien will need to be reimbursed first.