by John Darer CLU ChFC MSSC CeFT RSP CLTC Updated November 19, 2025
Structured settlements for seniors ARE an appropriate settlement planning and financial planning tool as structured settlement address Fear of Running Out (FORO)
It’s not just seniors that have the fear of running out of money in their lifetimes than dying. According to an annual Allianz survey, 70% Gen Xers are more afraid of running out of money in their lifetimes than dying, compared to two-thirds of Millennials and 61% of Baby Boomers, many of whom may already be retired.
Factors contributing to this fear are high inflation concerns that Social Security will be inadequate, and high taxes.
How can Structured settlements address FORO and other needs?
- Structured settlements can create stable income streams that may be income tax free depending on the damages the payments representl that enable semiors to more easily tolerate deferring the receipt of Social security retirement benefits until a later year and then have increased benefits.
In thie following video, which first appeared on the former Legal Broadcast Network in 2011, New York/ Connecticut area Registered Settlement Planner John Darer reviews the issues, including why attorneys should not automatically dismiss the idea of a structured settlement when seniors are plaintiffs.
- Structured settlement payment streams can be designed to create a loving legacy for children and/or grandchildren. For example James died in a trucking accident on I-95 accident a fixed or market based structured settlement could be used
Structured settlements for seniors and older age plaintiffs is the next topic in New York/Connecticut Structured Settlement Education Series by John Darer of 4structures.com LLC.
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