Who is the Structured Settlement Broker?

Many claim professionals bring in structured settlement consultants or brokers to help design claimants' payment streams. The brokers are paid by the life insurance companies that issue the annuities to fund the settlements. Among the jobs that a broker will handle on a typical case are:

• Reviewing the claimant's current and future needs.
• Assisting in determining whether Medicare or Medicaid issues should be addressed.
• Determining whether a rated age is available from the life insurance carriers and then securing the rated age, which lowers the cost of lifetime benefits.
• Preparing and presenting the structured settlement portion of the proposal.
• Preparing and circulating the documents for signatures, and delivering them to the life company funding the structured settlement.