by Structured Settlement Watchdog
What does the Sphinx’s Riddle tell you about structured settlements?
Apparently April 6, 2021 was Pizza (pie-chart) night at the Chronovo Chronicle (see meme excerpt below, for fair use commentary)
A parody of the situation featuring the late great Cab Calloway, might have gone something like this:
Folks, here’s a story ’bout “Minnie Strucuture”
She’s a red hot annuity-coocher
She was the roughest toughest frail
But Minnie had a heart as big as a whale
Hi de hi de hi de hi
Ho de ho de ho de ho
Hee de hee de hee de hee
Annuity Annuity Annuity… (I think you catch my drift)
The Staff of What?
Chronovo pizza pies its own statistics in an effort to support the idea that structures, or rather “strucutures”, have utility at all ages with their sweet spot in the 46-65 cohort. But instead of answering the riddle of Sphinx, we have the “Staff of What? No idea of the sample size. Chronovo states that “nearly three times as many structures are purchased by individuals over the age of 65 (25%) than under 25(7%).
Chronovo makes no sense at all. Individuals do not buy structures, nor do they buy structured settlement annuities, except in rare circumstances where the defendant is a self insured individual. Individuals agree to accept a structured settlement as part of a negotiated compromise. I dare say (after all I’m a Darer) that indviduals do not buy “strucutures” either.
Structured settlement consultants and settlement planners can do their part by properly articulating structured settlements. We can all have a chuckle about a funny typo, but let’s be a bit more careful.