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Claimants
Selective Settlements International (SSI) can help you by:
- Facilitating negotiation and resolution of claims
- Eliminating claim reserve
- Reducing settlement costs
- Reducing administrative costs
- Providing incentive to claimants and plaintiffs to settle without litigation
Following are reasons that Claimants should consider a structured settlement:
- Questionable trial outcome
- Periodic payments protect against premature dissipation of settlement proceeds and are guaranteed
- 90% of claimants dissipate funds within five years of a cash value lump sum payment*
- Not affected by investment risks, market fluctuations or economic turmoil
- Avoids future public assistance
- Tax free income to claimant
* The Rutter Group, LTD from Flahavan, Rea, Kelly & Tener, “California Practice Guide: Personal Injury” (TRG1992) Chapter 4
When to consider periodic payments as an option:
Bodily Injury
- Any settlement over $________ and particularly involving minors
- Financially unsophisticated plaintiffs
- Serious physical injuries requiring continuing care
- Fatality
Property Damage
- Construction defect claims – litigation against developers, architects and contractors
- Environmental clean-up sites
- Other long-term construction projects
How is a structured settlement different from a cash settlement:
- Traditional settlements pay a cash lump sum, a structured settlement provides a stream of income over time.
- It's tax free income to claimant without investment risk.
- Periodic payments tailored to the plaintiff’s/claimant’s future needs, such as medical or living expenses, or specifically in the case of a minor, education expenses paid in certain years.
- Payment to contractors throughout project.
There is additional information on our web site that can help you understand structured settlements. We invite you to contact us if we can answer any questions about our services or assist on a specific case. |
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