A recent Forbes magazine article quoted statistics compiled by the National Structured Settlement Trade Association (NSSTA) showing that $9.8 billion of settlement proceeds were structured in 2024—a record. That’s a 10% increase from 2023 and an impressive 58% increase from 2022.
Why The Surge In Popularity? The primary reason for the increase in the number of structured settlements is their long-term financial security and tax benefits. Injured parties receive guaranteed, tax-free benefits regardless of stock market ups and downs or financial trends. Structured settlements are the calm in a turbulent economic climate. Settlement recipients are choosing safety over uncertainty.
Other Benefits. The Forbes article pointed out that most injured claimants have never had to manage large sums of money. When given a lump sum settlement, many can make poor investment decisions, and the money can quickly run out. A professionally managed structured settlement ensures that a steady stream of income is guaranteed while the funds grow tax-free in the structured annuity.
To read the excellent Forbes article, click here.
Call or contact me with questions about qualified and non-qualified structured settlement annuities.
Pat Farber
Recent Comments