Structured settlement planning must be the standard for the profession.

Structured settlement planning, or settlement planning as others call it, has to become the new standard of professional practice for structured settlement advisers, structured settlement planners and the financial or investment advisers who work with personal injury victim and trial lawyers. In this video, Mark Wahlstrom, President of Wahlstrom and Associates and host of The Settlement Channel talks about how the pressures of the competitive marketplace have created a scenario where not only is settlement planning the best standard for serving the client, but also the best possible means of keeping the life insurance companies interested financially in supporting this market.

The facts are that lawyers and clients all expect and require a greater standard of care then just selling them a structured settlement annuity and saying that is the end of their problems. What has dramatically changed is the requirement by life companies to off set the cost of their structured settlement divisions with recurring life insurance, pension and asset management businesses that don't have the same capital drain.

If you are a trial lawyer, investment or planning professional or work in the structured settlement area, you need to watch this video about the future of the structured settlement profession. Survival depends on a holistic, multi-pronged approach to the needs of the clients. It is better for the client, the lawyer, the planner and the life company.

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News & Politics

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• life insurance
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• financial planning
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