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Claimant Testimonials

John Pays for Living and Medical Expenses

The Situation

John is a male, age 55 and no longer employed. He received $150,000 for his injury. John successfully used a structured settlement to help with his personal living and medical expenses.

John's Needs

  • →Immediate cash payment to John = $50,000
  • →Future payments from structured settlement to John = $917 per month

  • →Payments started one month after set-up of his structured settlement.

  • →Payments continued for a guaranteed period of 11 years to get him to the social security normal retirement age of 66

The Results:

$100,000 of John’s settlement was used to fund the future payments to him. Over the course of 11 years John received payments totaling $121,107, and when combined with his up front cash payment of $50,000, his structured settlement paid him a total of $171,107 entirely tax free.


Jane Supplements Her Retirement Income

The Situation

Jane is a female, age 62, employable but she wanted to supplement her other retirement income. She received $150,000 for her injury. Jane successfully used a structured settlement to supplement her early retirement.

Jane's Needs

  • →Immediate cash payment to Jane = $50,000

  • →Future payments from structured settlement to Jane = $587 per month

  • →Payments started one month after the set up of the structured settlement

  • →Payments were scheduled for her entire lifetime, with a minimum guaranteed period of 15 years so that her family would receive her monthly payments in the event of her death prior to age 77

The Results:

$100,000 of Jane settlement was used to fund the future payments to her. Jane lived to age 84. Over the course of 22 years Jane received payments totaling $155,063, and when combined with her up front cash payment of $50,000, her structured settlement paid her a total of $205,063, entirely tax free.


Jim Funds Grandson's Education

The Situation

Jim is a male, age 68, retired, received social security and other retirement benefits, grandson was 10 years old. He received $150,000 for his injury. Jim successfully used a structured settlement to help pay for his grandson’s college education.

Jim's Needs

  • →Immediate cash payment to John = $50,000

  • →Future payments from structured settlement to Jim for his grandson’s education fund = $32,000 per year

  • →Payments started 8 years after the set up of the structured settlement (when his grandson was 18 years old)

  • →Payments continued for a guaranteed period of 5 years

The Results:

$100,000 of Jim’s settlement was used to fund the future payments for his grandson’s education fund. By the time his grandson graduated from college 13 years later, Jim had received 5 payments totaling $160,000 for his grandson’s education fund, and when combined with Jim’s up front cash payment of $50,000, his structured settlement paid him a total of $210,000 for himself and his grandson’s education, entirely tax free.

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