by John Darer CLU ChFC MSSC RSP CLTC
One of the benefits of a structured settlement is that it does not need "after care". With the exception of an occasional address , beneficiary or bank change, or to explain to your child that they have a structured settlement once they reach the age of majority, there is nothing that you need to do with your structured settlement once you set it up. Structured settlements provide safety, security and guarantees to people who want a stable income with minimal maintenance. It's like a "job you can't be fired from". Even if you're naughty you still receive your structured settlement payments.
This has not stopped structured settlement cash now pushers and secondary market consultants from attempting to create an illusory need for "after care" services for structured settlements, that really isn't necessary.
If you need financial advice, seek financial advice only from those who are registered to do business in your state, who possess relevant professional credentials and regulatory oversight.