Thursday, April 30, 2009

April 28, 2009: Structured Settlement Industry Salutes Cong. Langevin as “Legislator of the Year”

The National Structured Settlements Trade Association opened its 2009 Annual Meeting in Washington, D.C., with an appearance by U.S. Rep. Jim Langevin (D-RI), one of Congress’ most outspoken supporters of the rights of people with disabilities. Langevin received the structured settlement industry’s "Legislator of the Year Award" for his commitment to protecting the ability of accident survivors to choose a structured settlement.

U.S. Congressman James Langevin with NSSTA Board member Jim Early, who helped Congressman Langevin design his structured settlement after a 1977 accident
"I am delighted to accept this award from the NSSTA because I am so appreciative of the work they do, especially on Capitol Hill, educating my colleagues on the importance of structured settlements," said Langevin, the only quadriplegic serving in Congress. "Structured settlements offer financial security and peace of mind, which many accident survivors desperately need as they work to recover."

"No one in the Congress has a better understanding than Rep. Langevin of issues important to the disability community," said NSSTA president Christopher E. Diamantis. "But beyond this, he has also proven himself to be one of the Congress’ most effective members in crafting commonsense, bipartisan solutions to difficult issues. That’s why the structured settlement industry is proud to salute him and his efforts."

Cong. Langevin has written about structured settlements:

"A structured settlement provides a person with the ability to design a secure payment stream to meet future medical and living needs. The income from this payment stream is guaranteed by multiple consumer protection laws and is 100 percent exempt from federal and state income taxes."

About structured settlements and the NSSTA:

A structured settlement provides unmatched financial security to victims of physical injuries and their families. Using a tailored stream of payments, a structured settlement provides long-term tax- free income, often for a lifetime. The National Structured Settlements Trade Association (NSSTA) represents more than 600 licensed insurance brokers, insurance companies, and others involved in establishing and administering structured settlements.

From : NSSTA News and Media Resource Page

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