{"id":27,"date":"2016-06-27T22:22:58","date_gmt":"2016-06-27T22:22:58","guid":{"rendered":"http:\/\/www.groupbff.com\/StructuredSettlement\/?page_id=27"},"modified":"2016-07-06T23:21:29","modified_gmt":"2016-07-06T23:21:29","slug":"negotiating-and-processing-the-structure","status":"publish","type":"page","link":"https:\/\/finkelsteinstructures.com\/?page_id=27","title":{"rendered":"Negotiating and Processing the Structure"},"content":{"rendered":"<table border=\"0\" width=\"831\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td rowspan=\"2\" valign=\"top\" width=\"656\" height=\"736\"><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">NEGOTIATING AND PROCESSING THE STRUCTURE<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">Here are the steps to follow in negotiating a structure:<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-87 alignright\" src=\"http:\/\/www.groupbff.com\/StructuredSettlement\/wp-content\/uploads\/2016\/06\/key.gif\" alt=\"key\" width=\"136\" height=\"274\" \/><br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">1. Counsel consults with a structure broker regarding the plaintiff\u2019s needs. We examine future care reports, rehabilitation reports, work capacity evaluations and other professional reports. This material is sent to several life insurance underwriters to determine whether the plaintiff\u2019s life expectancy has been reduced. (Benefits may be made higher if the plaintiff has a reduced life expectancy.)<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">2. The structured annuity broker will:<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">i. Design the appropriate payment schedule for the plaintiff<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">ii. Obtain quotes for the cost of the structure from several underwriting life insurance companies<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">iii. Discuss various options with counsel.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">3. After obtaining the quote, counsel then makes a proposal &#8212; to the plaintiff or the casualty insurance company, depending on who is advocating a structure &#8212; describing the desired schedule of payments, plus a lump sum payment of up-front money.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">4. In the alternative, counsel may propose settlement of a certain quantum while reserving the right to structure a portion of the settlement.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">5. Once the plaintiff selects the structure option they like the funding is requisitioned and is paid to the life insurance company. Quotes are valid for three business days, and the life insurance company must receive the funds before the end of the third day.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">6. The broker then prepares an application and forwards it to the casualty insurer for signing. (The document is actually more of a \u201csubmission\u201d than an \u201capplication\u201d since the structure has already been placed.)<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">7. The broker reviews the draft settlement documents.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">8. The signed application is sent to the life insurance company.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000;\">9. The annuity policy is issued together with certified copies.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>NEGOTIATING AND PROCESSING THE STRUCTURE Here are the steps to follow in negotiating a structure: 1. Counsel consults with a structure broker regarding the plaintiff\u2019s needs. We examine future care reports, rehabilitation reports, work capacity evaluations and other professional reports. This material is sent to several life insurance underwriters to determine whether the plaintiff\u2019s life &#8230; <a title=\"Negotiating and Processing the Structure\" class=\"read-more\" href=\"https:\/\/finkelsteinstructures.com\/?page_id=27\">Read more<span class=\"screen-reader-text\">Negotiating and Processing the Structure<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-27","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27"}],"version-history":[{"count":3,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/27\/revisions"}],"predecessor-version":[{"id":126,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/27\/revisions\/126"}],"wp:attachment":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}