dojW000353.xml

dojW000353.xml

born-digital

email

yes

no

2001-11-15

Thursday, November 15, 2001 10:10 AM
Structured Settlements

Many of the victims of the 9/11 tragedy are children. A structured settlement can assure the financial security of child victims with a benefit schedule designed to satisfy their immediate and future needs, ie. education.

We suggest that the plan to settle claims under the September 11 Compensation Fund include a process to immediately segregate claims involving children, with the expectation that such claims can be put on a "fast track" settlement mode.

Given a child's date of birth, a settlement offer can quickly be initiated using a generic structured settlement design that includes a college fund and/or lump sum payouts at varying age levels. The structured settlement proposal can easily be adjusted to satisfy other needs as they are assessed.

In most instances, a structured settlement can best provide the financial security for all victims of 9/11 that we believe the September 11 Compensation Fund was set up to assure them. And, because structured settlements drive directly at specific claimant needs, these claims can be resolved within a short time span.

We appreciate the opportunity to comment, and welcome your questions and comments in return.

Individual Comment
Wayne, PA

2001-11-15