The Settlement Alliance

What is Settlement Planning?

What is Settlement Planning?

Feb 23, 2017

If you are injured and expect to receive a settlement, your first instinct may be to take the lump sum in cash and be done with it. While it can be appealing to wrap up your lawsuit as quickly as possible and move on with your life, moving too quickly may cause you to miss some important steps that could impact your future. Bringing in a settlement planner can be extraordinarily helpful as you decide how to handle your settlement.

What role does a settlement planner serve?

The most helpful way to explain what a settlement planner is and does is by explaining what a settlement planner isn’t and doesn’t do:

A settlement planner DOESN’T just focus on the numbers: Unlike a traditional financial advisor, a settlement planner takes a more comprehensive approach to settlement. When someone suffers an injury, it is felt on a financial AND a personal level. A settlement planner takes the time to dig into your needs and goals to help make sure that the settlement plan is created to fit your unique expectations.

A settlement planner DOESN’T create a cookie-cutter plan: A good settlement planner knows that no two settlements are alike. Your age, family and financial situation, the extent of your injury, and your short- and long-term medical needs should all factor into the decision-making process. Your settlement planner can walk you through the best options available so that you can make well-informed decisions.

A settlement planner ISN’T just a structured settlement broker: There’s a distinct difference between a structured settlement broker and a settlement planner. While a structured settlement broker offers only one option—a structured settlement—a settlement planner offers much more comprehensive options, with a structured settlement being only ONE of those options.

How do you start working with a settlement planner?

You don’t hire a settlement planner in the same manner that you’d hire a traditional investment advisor. Instead, your attorney would typically connect you with a settlement planner before your case settles. That gives the settlement planner time to learn your needs, explore your options, handle any issues (such as outstanding liens, etc.), and ensure that all of the necessary paperwork has been completed.

Contact our settlement planning team

The Settlement Alliance has brought together some of the most experienced settlement planners in the country. We have local offices across the nation and are available to answer any questions you may have about your plan for settlement. Contact us today at 800-464-2500 or

We are proud to partner with the highest rated structured settlement providers in the industry:

  • American general Life Companies
  • Berkshire Hathaway Structured Settlements
  • MetLife
  • Mutual of Omaha
  • New York Life
  • Pacific Life
  • Prudential