by John Darer CLU ChFC MSSC CeFT RSP CLTC
I see streams of green, lump sums too; tax-free payments for you, you and you; and I think to myself, what a wonderful world, ohhh yeah.
I saw this wonderful image from the Robert Harding library taken from the middle of a mangrove forest, in Quang Ngai, Vietnam, that captures the essence of structured settlements in a perfect metaphor "Streams of Green".
"Streams of Green", as in customized payment streams of money that can individually, in parallel, or in conjunction, be used:
- to replace lost income
- to give a young adult a baseline as they enter the work force
- to quantify and provide a source of funding for future medical expenses
- to help fund custodial care
- or housing
- to help fund college education, grad school, a wedding, down payment on a future home, seed money for a business
- for funding a Medicare set aside at a significant discount
- to fund legacy gifts to children and grandchildren (no matter what happens)
- to smooth out uneven cash flows for a law practice
- to fund premiums for life insurance or long-term care insurance, or to create legacy wealth and much more.
The interposed blue-sky reflection on the water add to the optimism that this image represents at a time when some need hope and a reason for optimism.
The lyrics of the 1967 song, "What a Wonderful World", which I've [arodied above, werewritten by Bob Theile (as "George Douglas") and George David Weiss, and first recorded by Louis Armstrong ("Satchmo") during the Vietnam War amid turmoil in the 1960s, talks about the beautiful things of the world such as the blue skies, the beautiful colors of the rainbow, the warmth and friendlessness most people show each other, the lovely cries of babies, etc. Despite the numerous heartbreaking things that happen around us on a daily basis, the song’s lyrics try to make the listener understand that despite the ugly part of the world, the world also has beautiful side that is totally worth appreciating. Owing to the sheer power and beauty of the song, it has over the years been used to try to bring people of different races together. Read more at: https://www.songmeaningsandfacts.com/meaning-wonderful-world-louis-armstrong/. It appeared on the soundtrack of the 1988 movie Good Morning Vietnam, after which it was reissued as a single, rose to 32 in the Billboard Hot100 and Louis Armstrong's recording was inducted into the Grammy Hall of Fame in 1999.
What is a structured settlement?
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