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Structured Settlements Are Like Ants


Ants are powerful creatures. The powerful ant legs are able to lift 20 times their body weight, and run the equivalent of a man running as fast as a racehorse. Structured Settlements are strong agreements that turn an agreement to pay a plaintiff into an ironclad guaranteed structured award.

Ants have powerful armor on their bodies, called an exoskeleton. Structured settlements have several layers of protection. Attorneys work to preserve fairness and best interest of affected parties. Insurance companies protect the investment and insure payments are made. State and federal laws protect all parties with aggressive qualifications for the creation and distribution of structured settlements.

Ant colonies have a distinct odor that is unique to the members of that group. Structured settlements are individually and distinctly arranged to meet the personal needs of the award recipient. The payments from a settlement annuity are structured to address financial needs over time.

People generally consider ants as pests and do whatever they can to get rid of them. It's easy enough to put sugar outside your door and keep them outside where they belong. Annuitants also get tired of receiving payments spread out over time. There are federal and state approved programs that allow for the acceleration of the settlement payments.

Jason Rigler"Settlement Advocate" and consultant for Prosperity Partners Customer Service Department.


MORE RESOURCES:

Kentucky Justice Association Suggests Strategic Capital to Members
San Francisco Chronicle (press release)
NEW YORK, NY (PRWEB) May 22, 2012 The Immediate Past President of Kentucky Justice Association, JT Gilbert, has written a letter to member attorneys regarding its position on selling structured settlements. Gilbert clearly states the KJA position as ...

and more »


Structured Settlement Institute: Texas Courts Again Reject Imperial Finance's ...
MarketWatch (press release)
A Texas court last month rejected for the fifth time Imperial's anti-consumer attempts to prohibit customers from selling their structured settlements to persons other than Imperial. Imperial sought to prohibit its customers from receiving competitive ...

and more »


Structured settlements cold comfort for insurers
Mondaq News Alerts (registration)
This case demonstrates the difficulty insurers face when entering structured settlements. The Court has indicated it will take a beneficial approach in interpreting the terms of a settlement where such terms are left open to interpretation.



Blending Special Needs Trusts and Structured Settlements
Legal Talk Network
For severely injured plaintiffs and their families, the combination of special needs trusts and structured settlements can help provide financial security to secure future needs. Ringler Radio host Larry Cohen and co-host, Carmella Limongelli discuss ...



Solos, Structured Settlements, & Medicare Set Asides
Legal Talk Network
Solo attorneys need to know what is happening in the structured settlement industry for a more successful practice. New Solo host, Attorney Kyle R. Guelcher, a solo practitioner looks to the experts, Ringler Associates Consultant Peter Early, ...



Washington area appointments and promotions for the week of May 21
Washington Post
The National Structured Settlements Trade Association of the District appointed Randy Dyer president and Daniel Goodman and John McCulloch members of the board of directors. The Protestant Episcopal Cathedral Foundation of the District appointed Tim ...

and more »


Wall Street Journal

Imperial Holdings Announces Resolution of Department of Justice Investigation
MarketWatch (press release)
While we are exiting the premium finance business, our paramount focus is to rebuild shareholder value through the life settlements and structured settlements business segments we continue to serve. While we still have challenges to overcome, ...
Imperial Holdings paying $8M to resolve probeBusinessWeek

all 15 news articles »


AM Best Removes Ratings of 321 Henderson Receivables V LLC From Under Review
MarketWatch (press release)
The settlement receivable represents the purchase of all or a portion of the claimant's rights to receive scheduled settlement payments, thereby providing liquidity to claimants whose structured settlements no longer meet their particular life ...

and more »


Transamerica Violates Annuity Exemption In Texas
MarketWatch (press release)
When asked for comment about this revelation, RSL Funding's Paul McHugh observed, "One of the reasons that customers sell their structured settlements is a lack of confidence in life insurance companies to make the called-for payments.

and more »


Structured sales of farm land surge in Iowa and other Midwestern states
Legal Broadcast Network (blog)
Stan Harlan, one of the nations most experienced experts in structured settlements, was recently interviewed on Speaking of Settlements. The purpose of the interview was to look at the recent surge in interest regarding the use of structured sales to ...


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