Q: What is a structured settlement broker?

What is a structured settlement broker or consultant?

A:  A structured settlement broker or consultant is a professional who assists in negotiating and establishing structured settlements. Brokers work with claimants, defendants, and their attorneys to determine the payment schedule, negotiate the terms, and facilitate the purchase of an annuity to fund the settlement. They must be licensed and adhere to state and federal regulations.

There are various credentials or designations structured settlement brokers may have. The most common designation is Certified Structured Settlement Consultant (CSSC).