by Structured Settlement Watchdog
Take JG Wentworth's word for it, "large compensation lump sums usually don't offer long-term financial stability". After years of goofy commericals featuring zaftig Viking opera singers and random bus riders extolling the virtues of cash now, now the 800 pound gorilla of the structured settlmenet secondary market is warning consumers about large lump sums. Well howdy do!
To show they haven't completely gone of the boil, JG Wentworth fluffs their lines by spouting the pedestrian secondary market misnomer "awarded a structured settlement". In fact, structured settlements are negotiated not awarded.
Here is the full quote and screenshot* from JG Wentworth's website when retrieved December 31, 2021:
"A structured settlement is money that’s been awarded to someone who’s won a lawsuit. However, the person can’t access the money all at once — only in installments. Typically, a predetermined schedule will be created detailing when and how often they’ll receive a payment. The installments are an alternative to large compensatory lump sums that usually don’t offer long-term financial stability."
* reproduced for critical commentary