In the hunt for optimal settlements, injured individuals and their families are often tempted by the promise of big and immediate bounty. “Take the money and run” sure sounds good. But bagging a lump sum settlement can bring beastly consequences. For one thing, that large, tasty prize is easily dissipated and always vulnerable to hungry creditors. Its growth or interest is subject to taxation. Also, lump sums may cut off eligibility for needs-based government benefits.
The good news is that there’s a safe and secure alternative. With a structured settlement, claimants receive a freshly replenished supply of funds, allocated to fit their precise needs now and into the future. Set up by professional brokers who appreciate their unmatched value, structures provide a solid, strategic and synchronized financial path forward. What’s more, structures are profitable. Because of their tax-free growth, they can create value that equates to 2-3 times the return of a savings accounts.
Seen through this fresh perspective, structures are a win-win for all parties. They bring immeasurable peace of mind every day.
Continued thanks to famed New Yorker cartoonist Pat Byrnes for this 6th in our series of Structured Smartoons. Pat, you keep pulling the rabbit out of the hat!