"Structured Settlements Offer Financial Security in Good and Bad Times"
That's the headline from a great letter to the editor in the January 13 issues of the Los Angeles and San Francisco Daily Journal. Written by NSSTA Board member Dan Finn, the letter notes:
"While a [qualified settlement fund] can be a necessary and useful tool in some situations, quite often it merely adds an unnecessary (and often costly) layer to the settlement process. In nearly 20 years of providing structured settlement products and services to clients across the country, I have seen very few situations where a plaintiff would have been financially better served by choosing to establish a QSF.
"There's no doubt that careful thought must be given to a client's overall situation before deciding on which settlement option is right for them.... Structured settlements offer financial security in good times and in bad. Attorneys and their clients who reject them out of hand based solely on assumptions about the future may wish to heed Benjamin Franklin's maxim: 'One today is worth two tomorrows.'"
To read the full letter, click here.
About structured settlements
Recognized and encouraged by the federal tax code since 1983, structured settlements provide strong financial security to victims of physical injuries and their families. Using a tailored stream of payments, a structured settlement provides a long-term payment stream that is completely exempt from state and federal income taxes.
A structured settlement’s future payment stream is funded through a highly secure life insurance annuity. For a free handout that describes some of the consumer protection regulations that bolster the security of a structured settlement annuity, please click HERE.
The National Structured Settlements Trade Association (NSSTA) represents nearly 1,200 licensed consultant, brokers, insurance companies, and other professionals involved in establishing and administering structured settlements.
