by John Darer CLU ChFC MSSC CeFT RSP CLTC
How do you know if you're getting a good deal on a structured settlement?
- Contact a qualified structured settlements broker who is licensed in your state, either through your state's Department of Insurance or the Department of Financial Services. A non-resident license is acceptable, as the license holder (the structured consultant) has likely designated the Commissioner of Insurance for service of process, ensuring accountability in the rare event that an issue arises.
- How long has the structured settlement consultant been in business?
- An experienced structured settlement broker maintains ongoing education and possesses extensive knowledge to guide you through one of the most significant financial decisions of your life.
- A skilled structured settlement consultant possesses multiple credentials, demonstrating a commitment to continuous learning, staying up-date, and refining their expertise to serve their clients
- Ask a few questions and carefully observe the. Is structured settlement consultant knowledgeable in the subject matter? Does the consultant actively listen to your questions and provide clear and confident answers and explanations?
- A skilled settlement planner and structured settlement broker should have access to major structured settlement annuity markets with fixed, indexed and market based options available to customize a suitable payment plan for your financial needs and appetite. By integrating the structured settlement with other financial options, an optimal plan can be developed that balances both your current and future needs.
- A skilled structured settlement broker can potentially secure a few additional years rated age if necessary or seek daily rates from the structured settlement annuity when available. Depending on the size of your case, the impact of these efforts could be significant.
- An excellent structured settlement broker knows how to navigate the system effortlessly, ensuring simplicity and a smooth process.
Leave a Reply