W000353
Thursday, November 15, 2001 10:10 AM
Structured Settlements
Many of the victims of the 9/11 tragedy are children. A structured settlement can assure the financial security of child victims with a benefit schedule designed to satisfy their immediate and future needs, ie. education.
We suggest that the plan to settle claims under the September 11 Compensation Fund include a process to immediately segregate claims involving children, with the expectation that such claims can be put on a "fast track" settlement mode.
Given a child's date of birth, a settlement offer can quickly be initiated using a generic structured settlement design that includes a college fund and/or lump sum payouts at varying age levels. The structured settlement proposal can easily be adjusted to satisfy other needs as they are assessed.
In most instances, a structured settlement can best provide the financial security for all victims of 9/11 that we believe the September 11 Compensation Fund was set up to assure them. And, because structured settlements drive directly at specific claimant needs, these claims can be resolved within a short time span.
We appreciate the opportunity to comment, and welcome your questions and comments in return.
Individual Comment
Wayne, PA