Skip to main content


We have recently assisted plaintiff’s council and their clients with settling several cases involving Nationwide Insurance as the defendant insurer. In each of these cases our plaintiff attorney client’s told us that the defense council were adamant about Nationwide placing the structured settlement annuity WITH Nationwide Insurance. This would be very difficult since Nationwide does not have their own structured settlement annuity product.  What the defense was really saying is that they wanted their structure broker to get the entire commission on the case. I’m sure they don’t really know that, however, that is what Nationwide tells them to say. Defense council even indicated that they were willing to pay more to settle the case if Nationwide could place the entire annuity with “their” company (i.e., their broker). These kinds of games are going WAY back to the origins of the structured settlement business in the 1980’s when the defense would CLAIM “we can’t tell you the cost of the annuity because it would constitute constructive receipt!” Which, as we knew was completely IDIOTIC!  We need to ask ourselves WHY they would be willing to pay more if Nationwide places the structured settlement annuity if they do not have their own structured settlement annuity life insurance product?  It should make NO difference to them who the annuity is placed with as long as all of the paperwork is done correctly, and the annuity carrier is highly rated in term of financial risk, which is what we help insure. Perhaps they are just concerned with the financial well being of their structured settlement broker?  I highly doubt it!  Again, unless there is some kind of back end financial arrangement that we are unaware of, there is ZERO benefit for a defendant insurer to use a structured settlement annuity, where there is a MAJOR benefit for the claimant.

Since we have been doing this for a LONG time we have been privy to all the games that defendant insurers play and know how to get around them.  We work with their Nationwide brokers on EVERY case and it helps make the process smother and faster for BOTH SIDES! When I asked their structure broker’s what they thought the defense council was referring to by insisting on placing the annuity with Nationwide even they had no idea (supposedly) what they were talking about as they quote their structured settlement annuities with ALL the exact same life insurance companies we do!  If you do not use your own structured settlement consultant in cases like this you are basically flying blind, and your client will have no one to turn to when they lose their policy or have questions about their annuity in the future.

For almost 20 years we have been Michigan's premier Plaintiff Focused Structured Settlement Consultant. Please contact us early at (734) 433-1670 or and let us help you and your clients maximize your hard earned settlement dollars call! 


Popular posts from this blog

Michigan Association of Justice Workers Compensation Seminar

We had an awesome time at the Michigan Association of Justice Worker's Compensation seminar where Cyril spoke on the best strategies for using structured settlements in Worker's Compensation cases. Click the link below to watch the short video of his presentation!   Click Here to Watch Video!

Using a structured settlement annuity pre-suit

 We recently were engaged by the Guardian Ad Litem (GAL) in the case of an 11 year old boy who was struck by a care while riding his bike.  The father of the boy settled the case directly with the liability auto insurance carrier pre-suit and the GAL contacted us to ensure that the boy's settlement funds were handled appropriately. The case settled for a total of $65,000 and $59,000 was being allocated to the structured settlement annuity for the boy as follows: $5,000 paid immediately upon settlement $10,000 at age 18 $20,000 at age 21 $25,000 at age 25 $35,718 at age 30 this is total benefits of $95,718! The annuity was placed with a large life insurance company rated A+ by the A.M. Best rating agency and provided the family and GAL with the peace of mind that the young man would not receive the entire amount at age 18. In addition, due to the use of the structured settlement annuity, all of the interest gained during the payout period ($31,718 to be exact) is INCOME TAX FREE!  T

Thomas Bond Benefits of Structured Settlement Video

Please watch this excellent video where e xperienced and successful personal injury attorney, Thomas M. Bond from the firm of Kaplan/Bond in Boston tells you why a structured settlement is the best choice for the longterm financial security for you and your family when your lawsuit settles for a large sum. Hear how one man made the wrong choice and tragically lost everything.