Process

CHRONOVO SETTLEMENT CHECKLISTS

Structured settlements represent win-win opportunities for all parties in the claims process. Who benefits? How does value accrue? We invite you to review the Settlement Checklists that Chronovo has developed for Claimants, Claimant Counsel, Claims Professionals, Defense Counsel, and Carrier Home Offices. Your streamlined, secure, and empowered process begins here.

Claimant/Plaintiff Settlement Checklist

Chronovo Settlement Checklists are developed to inform and enrich the process for each party in the settlement. Make sure to review yours carefully.

Ask yourself:

Do you have a plan to ensure that money from your settlement lasts as long as you want and need it? Do you know how a structured settlement provides scheduled income to you for your lifetime without any extra costs or taxes of any kind?

Have you considered using your settlement proceeds to fund a college plan or a retirement plan? Do you know how a structured settlement can enable you to schedule and ensure that all such funds are available?

Have you compared the tax-exempt, cost-free performance of a structured settlement with the risk-based approach of a typical investment plan? Do you know that Chronovo can provide a real-time comparison for the claims professional on your case in minutes?

If you count on any needs-based benefits like SSI, Medicaid, or AFDC or similar programs, have you considered settlement options that will not impact those benefits? Do you know that a structured settlement will likely entirely eliminate that concern?

Do you have any challenges with creditors from bankruptcy, divorce, or other proceedings? If so, how will you safeguard your settlement money from being claimed by others?

If you are responsible for children, how are you making sure that the proceeds of the settlement are spent appropriately on their care or that your cash is scheduled to be there for them when you want it to be?

Chronovo’s structured settlements enhance your financial security. Contact us for more information.

Claimant Counsel Settlement Checklist

Chronovo Settlement Checklists are developed to inform and enrich the process for each party in the settlement. Make sure to review yours carefully.

Ask yourself:

Does your client have a plan to ensure that the settlement funds lasts as long as he/she wants and needs? Do you have all of the details on how a structured settlement can make that happen?

Is your client aware of the investment professionals’ fees and taxes on growth—and that a structured settlement can eliminate these costs?

Is your client ready to submit applicable and required annual compliance accounting reporting to CMS (your joint responsibility)?

Have you briefed your client on the one-time tax savings and other benefits from structured settlements sufficiently to eliminate any possible legal malpractice for failure to disclose (Grillo case type) liability?

Has your client considered using settlement proceeds to fund a college plan or a retirement plan?

Have you compared for your client the tax-exempt, cost-free performance of a structured settlement with the risk-based approach of a typical investment plan?

If your client has needs-based benefits like SSI, Medicaid, or AFDC, are you considering settlement options that will not impact those benefits?

Does your client have any challenges with creditors from bankruptcy, divorce, or other proceedings? Does he/she have any potential probate issues? If so, do you have a practical plan to safeguard the settlement money from being claimed by others?

If there is a minor involved in the claim or dependent on income from the claim, does that claimant/plaintiff know that a structured settlement can ensure that the proceeds of the settlement last and are spent appropriately?

How do Chronovo’s structured settlements bring clarity and access to key information in real time? Contact us for more information.

Claims Professional Settlement Checklist

Ask yourself:

Is there a gap between your claimants’ wishes for the amount of the settlement and the value of the claim? Have you thought about a structured settlement to bridge the gap?

Does your claimant/plaintiff know that a structured settlement can be designed to become a college funding plan and/or a retirement plan, as well as circumvent any probate challenges? Do you know that we can show them how that works in less than five minutes?

Have you compared the tax-exempt, cost-free performance of a structured settlement with the risk-based approach of a typical investment plan? Do you know that Chronovo can provide a real-time comparison for you in minutes?

If the claimant/plaintiff relies on any needs-based benefits, have you explained that the structured settlement enables him/her to benefit from the settlement without impacting those benefits?

Does the claimant/plaintiff have any possible challenges with creditors from bankruptcy, divorce, or other proceedings? If so, have you explained that a structured settlement will keep these benefits safe from attachment?

If there is a minor involved in the claim or dependent on income from the claim, do the claimant/plaintiff and counsel know that a structured settlement can ensure that the proceeds of the settlement are spent appropriately on medical care and that the cash will be scheduled and accessible for them?

Contact us to learn more how Chronovo’s structured settlements simplify and enrich the process for claims professionals.

Defense Counsel Settlement Checklist

Ask yourself:

Is there a gap between the claimant’s wishes for the amount of the settlement and the value of the claim? Have you thought about a structured settlement to bridge the gap?

Do the claimant/plaintiff and the claims professional understand that a structured settlement can be designed to become a college funding plan and/or a retirement plan, as well as circumvent any probate challenges? Have these benefits been presented to them both?

Have you and the claims professional compared the tax-exempt, cost-free performance of a structured settlement with the risk-based approach of a typical investment plan? Has it been presented to the claimant/plaintiff? Do you know that Chronovo can create real time comparisons for your claims professional in minutes?

If you know that the claimant/plaintiff relies on any needs-based benefits, have you explained that structured settlements do not impact those benefits?

Are there any challenges with creditors from bankruptcy, divorce, or other proceedings? If so, how will the settlement money be safeguarded from being claimed by others?

If there is a minor involved in the claim or dependent on income from the claim, do the claimant/plaintiff and counsel know that a structured settlement can ensure that the proceeds of the settlement are spent appropriately on medical care and that the cash will be scheduled and accessible for them?

Contact us to learn how Chronovo’s structured settlements provide clarity and command for defense counsels.

Carrier Home Offices Settlement Checklist

Ask yourself:

Is there a gap between the claimants’ wishes for the amount of the settlement and the value of the claim? Do you have a programmatic approach to ensuring that the claims professional knows/presents structures as an alternative?

Do your claims professionals use our quick, graphic and intuitive platform to show that a structured settlement can be designed to become a college funding plan and/or a retirement plan, as well as circumvent any probate challenges?

Do your claims professionals have a quick, easy way to compare the tax-exempt, cost-free performance of a structured settlement with the risk-based approach of a typical investment plan? Do you know that Chronovo can provide a real-time comparison for your claims professionals in minutes?

If your claims professional knows that the claimant/plaintiff relies on any needs-based benefits like SSI, Medicaid, or AFDC, has he/she clarified to the claimant/plaintiff that a structure does not impact these benefits?

Does the claimant/plaintiff have any possible challenges with creditors from bankruptcy, divorce, or other proceedings? If so, have you told them that the structured settlement will keep these benefits safe from attachment?

If there is a minor involved in the claim or dependent on income from the claim, do the claimant/plaintiff and counsel know that a structured settlement can ensure that the proceeds of the settlement are spent appropriately?

How do Chronovo’s structured settlements increase speed and efficiency for carrier home offices? Contact us for more information.