Below are just some of the stories of how Strategic Settlements has helped attorney’s and claimants ensure maximum payment and lifetime security for their financial future.
Strategic Settlements True Story #1
Understand this scenario; a catastrophically injured teenage girl will be receiving $4,750,000 in settlement proceeds. Her parents are bright and quick learners. As such, they’re working with a stockbroker; not an unnatural step. As their daughter’s case nears resolution, the stockbroker is creating plans and portfolios that will help care for ongoing medical needs and other expenses, as well as a nice quality of life for her. Naturally, the broker recommends the stock and bond markets to achieve those goals. A risky proposition – literally. Now imagine that all the money goes into the markets and the markets go down, or even worse. This girls’ expenses haven’t changed, but she now has less money available to generate what she needs. What it means is the market loss has been locked in because living expenses are being taken from a smaller pot of money. Unsettling at best.
Fortunately in this case, we received a call from the family’s attorney. When we presented a tax free, guaranteed settlement annuity to act as the foundation for other planning, her parents believed it made sense. And has it ever. This case concluded before the most recent recession!
Strategic Settlements True Story #2
Consider you’re a 16 year old riding an ATV on your family’s farm. You cross onto a neighboring property and boom, you’re on the ground in pain, left for hours, until you’re found because you’ve ridden thru a metal cable that was strung from tree to tree across the trail; you’re paralyzed from the waist down. Fast forward 2 years; your lawsuit is going to settle; certainly a relief. However, because you’re 16 and the idea of finding a good job down the road feels remote, you wonder how you might make it moving forward. You currently would qualify for government benefits if you were 18, but you know when your case settles you won’t because your settlement will disqualify you. And, the settlement amount of $845,000 won’t be enough to last you for life.
When we got the call, those questions remained unanswered. The answer for this case was to suggest a special needs trust; a trust which can receive your settlement money, while protecting the government benefits necessary to supplement your lifestyle alongside any benefits that traditional financial planning may provide. Adding a tax-free, guaranteed settlement annuity also helped strengthen this ongoing concern.
Strategic Settlements True Story #3
You’re a car accident victim with $200,000 in medical expenses. You’re net settlement is nearly $1,000,000. The defendants propose settlement thru use of a structured settlement annuity. So far so good; but wait; is it the best annuity available?
This is a common issue. Unfortunately, it sometimes happens that Defendants’ experts don’t choose the most competitive company for you. It’s not a sin; there are many reasons for it; just how it works sometimes. Fortunately, if you call us, we will find and provide you with the best settlement annuity available from the most highly rated companies.
Strategic Settlements True Story #4
Consider your 9 year old daughter was bitten by a dog. You’re case has settled for $80,000 but after fees and expenses like medical liens, you’re going to get $40,000. The final settlement proposal involves implementing a structured settlement annuity, which will begin paying your daughter when she is 18 to help with school. Not a bad plan since by using an annuity, you can avoid a guardianship and all of the associated annual costs. However, because the defendants are demanding that the annuity must be bought thru their own insurance company, you’re feeling a bit nervous. It means you should be.
When we get these calls, first know that your attorney should be able to settle your case for cash only if that’s your desire. Next, you want to confirm that the annuity is competitive. If the defendant’s annuity is the most competitive for you, then by all means, make the smart choice. Next, sleep well knowing you have been thorough.
We want to help you become our next success story. Call or contact us today to find out how Strategic Settlements can help you secure your future settlement investment.