Coyne a phrase

Posted on February 24, 2012

“Unique investors”

That’s how Dr. Christopher Coyne, Associate Professor of Finance at Saint Joseph’s University in Philadelphia, describes physical injury victims who may need to plan for decades of medical and living care after their insurance settlement.

This phrase is from “The Psychology of Settlement: Unique Investors in a Rocky Economy,” an article in the current issue of Litigation Management, published by Claims and Litigation Management Alliance (CLM). Here’s the link and the article begins on page 42.

Coauthored with Bill Wakelee, a structured settlement professional in Philadelphia, the article describes the unique financial needs of accident survivors:

“During the financial meltdown of 2008, a unique investor, a structured settlement client, called in a panic. The stock market was suffering staggering losses…  This client was petrified about losing his only source of income, an annuity that was part of a structured settlement.

“He was reassured that his monthly annuity payments from the structured settlement were secure, even during this crisis. He still had a steady income. He could continue to pay his bills.”  (emphasis ours)

Readers of this space may recognize Prof. Coyne from the NSSTA handout, “Structured Settlements: The Key to a Successful Financial Strategy,” which is available on the “Brochures” page of NSSTA’s website.