I thought I was too old for a structured settlement. I thought structures were only for young people with long lives ahead of them. How could a structure possibly benefit me?
Unlike my parents I do not have a defined pension plan. A structured settlement gives me a guaranteed monthly pension - tax-free! Not only that, it does not appear on my tax return, so I continue to receive my full Old Age Security, Guaranteed Income Supplement, HST Credit and other means-tested government benefits or credits I might be entitled to receive.
My structure protects me. The seniors’ community has recently become a popular target of scams. My structured settlement cannot be taken from me, and I have secured the integrity of my financial future.
I have always wanted to leave loved ones with some money for their future but I never had the chance to save a large nest egg. At my age and current health it is simply too expensive to purchase life insurance. With my structured settlement, however, I have guaranteed payments which will flow (tax-free) to my loved ones if I am not alive to receive the full guaranteed term of payments.
I’ve realized that a person is never too old to structure. A secure, tax-free paycheque can benefit anyone at any age!
Click here to see an example of the benefits of a structure for a senior citizen.