Structured settlements involve periodic future payments (instead of one lump sum payment) to an injured plaintiff. They are used more and more in personal injury litigation, but involve special considerations for the elderly. For an older person, a structured settlement has the advantages of safety and income that will not be taxed or need management. However, you must consider that if an older person dies sooner than expected, he or she will lose the benefit of their future payments. However, the injured elderly person can have a settlement structured so that his or her grandchildren or other beneficiaries will receive guaranteed settlement payments in the event of his or her death.