…is a Post feature from last week about the practice of structured-settlement purchasing.
The story summarizes:
Unlike traditional settlements, which are paid out in one sum, structured settlements dispense the payout in portions over a lifetime to protect vulnerable people from immediately spending it all. Since 1975, insurance firms have committed an estimated $350 billion to these agreements, spawning a secondary market in which companies compete to buy payments for a smaller amount of upfront cash.
Such deals, industry advocates say, get desperate people the money they need for emergencies and big expenses, such as home purchases. But they also expose sellers to the risk that they will exchange lifetimes’ worth of income for pittances.
Read the piece here.
In our dog eat dog civilization, everyone is fair game. Bullies will always find a way to climb on top and devalue the most vulnerable. It should not surprise anyone that those who wIn long-term settlements are cherries, ripe and ready to be picked. I think that this is something sociopaths learn at an early age, or perhaps it is our native narcissism whit large.
Carol D.