When it comes to the world of structured settlements, there’s only one authority you need to know about – the National Structured Settlements Trade Association. What is this organization and what is their role in the industry? Why do you need to know who they are and what they represent? If you’re about to start receiving or are already the recipient of a structured settlement, then knowing this organization is important.
The National Structured Settlements Trade Association has been around for quite some time – it was founded in 1984, a year after the US tax code changes that made structured settlements much more common. The organization was created to help benefit individuals working within the structured settlement industry, including attorneys, consultants, insurance professionals and others. Currently, the organization represents almost 1,200 members across the nation.
Ethics and Excellence
The National Structured Settlements Trade Association is dedicated to a strict code of ethics and excellence in performance. They uphold integrity and fidelity, competence in service, fairness, honesty and due care. Of course, they are also dedicated to professionalism for all those they represent, as well as the confidentiality of all information in settlement cases on the part of their members.
The Key Benefits for You
There are two primary groups of people who benefit from understanding the advantages offered by the National Structured Settlements Trade Association. These are professional members of the organization and private citizens who may enter into a structured payment situation. For individuals involved in a structured settlement, this organization represents peace of mind, integrity and security. How do private citizens
Perhaps the most important thing to know is what you should look for if you decide to sell a structured settlement. If you decide that you want a lump sum rather than regular payments, you’ll need to work with a broker so you can receive quotes from different companies interested in buying your settlement. Not all brokers are created equal, though. Make sure the brokerage you choose is accredited with the BBB, but also made up of members of the NSSTA. This ensures that you have peace of mind that you’re working with the best quality brokerage around.