Structured Settlements
The Process
We recommend that SSG's participation commence at least 30 days prior to settlement negotiations with meetings with the lawyers and clients.
It is unfair and unreasonable to expect an injured party to assimilate the concept of a structure at the same time as all of the complexities of final negotiations at mediation or a settlement meeting. The structured settlement concept should be explained in the comfort of the client's home or lawyer's office and we are willing to go to these locations and take the time to explain the concepts and benefits to the claimant in a low-stress setting.
We focus on the following:
- The tax free benefits
- The protection of capital and the income
- The value and practicality of structures
- Developing customized plans
- It also takes time to gather the medical information that could qualify the claimant for preferred lifetime rates. When an “impaired life rating” is issued by a Life Company it is valid for a full year of negotiations.
The Process Flowchart:
