MetLife and the American Bar Association recently produced a new webinar, "Justice is Making Sure Your Client's Employment Settlement Lasts." The 23-minute video looks at the financial options available to clients receiving employment-related, non-physical injury settlements.
Prudential is one of the country's largest life insurance companies providing structured settlement annuities to physical injury claimants and their families. It has just come out with a simple, short video that explains how structured settlements work. Created specifically for personal injury clients and family members, the video is less than 2 minutes long but
Triumph Foundation is a wonderful organization dedicated to helping children, adults and Veterans with spinal cord injuries overcome their disability and live their lives to the fullest. On Saturday, November 9, it will hold its 2nd Annual Adaptive Sports Festival at Brookside Park in Pasadena. While commemorating Veterans Day, the free event is designed to
Over the past 30 years, I've placed many annuities for personal injury clients with MetLife. The life insurance company just announced that it's rolling out an annuity product specifically designed for property sales. This new MetLife annuity product enables individuals to sell personal, business or other property and receive the sales proceeds in periodic payments.
Recently, I had the opportunity to work with a couple during the settlement of their lawsuit involving the loss of their young child. Initially, all parties thought the settlement was too small for a structured annuity. Yet, after I met with the couple and discussed their financial needs, it became apparent that an annuity could
One of the most important decisions we must make as we get older is when to start receiving Social Security payouts. According to research by United Income, a money management firm that provides financial advice to retirees (as reported in a recent Bloomberg article) 4 percent of retirees wait until they turn 70 to start
MetLife is now offering non-qualified structured settlements from its U.S.-based Metropolitan Tower Life Insurance Company (Met Tower Life). These non-qualified structures are for non-physical injury settlements that fall outside the tax-free physical injury claims definition outlined by IRS tax code. These taxable settlements often involve employment litigation, punitive damages, contract disputes and construction defect claims.
A recent survey shows that Americans can't afford to be out of work for even a short period. This particularly hits home for personal injury victims who suddenly find themselves unable to work (and without a paycheck) for long stretches of time or even permanently.
Reaching a financial settlement in a personal injury case is meant to provide the funds needed for the claimant to live comfortably without money worries. Yet bad investment decisions or careless spending can leave the injured party unable to pay creditors. The urge (or necessity) to spend beyond one's means is increasing. Data from Lending
Suffering from a serious accidental injury can be a life-altering experience. Victims are often no longer able to work and provide for their family. That's why the federal government amended the tax code in 1982 to allow injured individuals (or beneficiaries in wrongful death cases) to receive their settlement funds in guaranteed, tax-free payments through
