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Financial Update March 2020: Structured Settlements

    Legal News from the Web    March 9, 2020

Author: Joe Pileggi, EPS Settlements Group of Canada

Financial Update March 2020:

Financial Update March 2020: Structured Settlements vs Market Investments

In 2019 and early 2020, the stock market appeared to be a smart place to invest personal injury settlement funds. Unfortunately the “coronavirus” is causing havoc with world financial markets. Just this morning the futures market triggered a fail-safe, and halted the fall of stock values. I have said for 30 years any investment strategy on behalf of our disabled clients must be simple -a structured settlement. To do anymore or any less on behalf of someone with a disability, is simply too dangerous.

Structured Settlements remain the safest and most secure investment for our disabled clients. Capital is preserved and administered, tax free, for the duration of a client’s life. Don’t let them leave your office without one.

  • The Canadian dollar is very dependent on the price of oil. It will continue to lose value as the demand for oil deteriorates.
  • This is a great time to renew or get a mortgage. Consider the longest terms.
  • Lines of credit should remain inexpensive.
  • Inflation will become a issue in Canada.
  • Real estate values will continue to rise until the Bank of Canada raises rates.
  • In 2019 and early 2020, the stock market appeared to be a smart place to invest personal injury settlement funds. The ”coronavirus” is presently running havoc with world financial markets. The “virus” is an example why this investment strategy on behalf of someone with a disability, is dangerous. While seeking higher yields, we attract risk.
  • Hopefully any Personal Injury Lawyer who allowed a disabled client to take their settlement funds as cash, covered themselves with a self serving letter.
  • Structured Settlements remain the safest and most secure investment for our disabled clients. Capital is preserved and administered, tax free, for the duration of a client’s life.

Here is the EPS 2020 present value calculator.

It also comes as an app which you can place on your phone or desktop. Much easier then an outdated carry around chart.

Any questions – give me a call! – 647-896-4907

Please feel free to contact Joe via his LinkedIn for annuity illustrations or other structure questions and the advantages of placing your structures with the experts at EPS Settlements Group of Canada.

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