What You Need To know About Structured Settlement Quotes
Structured settlement quotes are covered by John Darer®, Master Structured Settlement Consultant, A.M. Best Recommended structured settlement expert and President of 4structures.com® LLC in this informative video. John discusses the process in involved in obtaining a quote for your structured settlement and the pricing issues that arise when working with a structured settlement broker.
Factors that may affect structured settlement quotes:
Are there any rated ages? If income for life benefits are being considered, are there any health impairments that can be used to boost the yield or drop the cost of funding a particular need of the plaintiff with a structured settlement?
Is the structured settlement going to be split funded with multiple life insurance companies?
Will the structured settlement be pre-funded in advance of court approval or execution of a release, or will the benefits need to be locked-in?If a structured settlement quote lock-in is to be used, how long? Sometimes lock-in fees apply!
Are daily rates available? How long are the daily rates good for?
Who is funding the structured settlement? One, or more defendants or their insurers? If a non-qualified assignment is being used, will the structured settlement funding be wired or will the premium be arriving by check?
John Darer also sets the record straight on what is, and what IS NOT a structured settlement quote. The lack of regulation in the structured settlement purchasing market enables the unmitigated use in solicitation of structured settlement annuitants by buyers of structured settlement payment rights, using many of same terms, whether or not the usage is technically true. Hopefully that will change in the future, but in the meantime, get informed on structured settlement quotes.
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