"When the structured settlement annuity is purchased on behalf of the plaintiff, it must be purchased by the defendant. The defendant then assigns the obligation to the assignment company, which in turn purchases the structured settlement annuity from the life insurance company". Member of NSSTA in Lawyers Weekly publication (emphasis added)
The operative question based on that statement…does the author of that publication even know who in the heck the structured settlement annuity buyer is?
It is worth highlighting that the same individual writes later in the article
"Therefore, constant communication between the plaintiff’s attorney and a plaintiff-only structured settlement consultant is a must. If any of the steps are missed, it could be costly to the plaintiff."
Encouraging Financial Literacy In the Structured Settlement Profession… With Us It's Personal!
For more information on how the structured settlement process actually works please click here
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