Many claim professionals bring in structured settlementconsultants or brokers to help design claimants' payment streams.The brokers are paid by the life insurance companies that issue theannuities to fund the settlements. Among the jobs that a brokerwill handle on a typical case are:
- Reviewing the claimant's current and future needs.
- Assisting in determining whether Medicare or Medicaid issuesshould be addressed.
- Determining whether a rated age is available from the lifeinsurance carriers and then securing the rated age, which lowersthe cost of lifetime benefits.
- Preparing and presenting the structured settlement portion ofthe proposal.
- Preparing and circulating the documents for signatures, anddelivering them to the life company funding the structuredsettlement.
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