If you or your client are considering a structured settlement please remember this adage "It's NOT all about the rate". Although any structured settlement broker or settlement planner worth your time will hondle with an annuity issuer for a price, using that as the sole driver of prudent financial planning could end up biting you in the "tuchas" as some Executive Life Insurance Company of New York annuitants (who took structures from 1983-1991) may soon find out. It remains to be seen with an Order to Show Cause concerning the pending liquidation of the company to what extent those folks get 100 cents on the dollar going forward.
If the amount being structured is in excess of $1,000,000 and the payments are of long duration, be prepared to diversify the risk even if it means a slight drop in benefits from the cheapo cheapo price.
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