It is a well-known fact that only a small percentage of employment litigation cases ever go to trial. When a plaintiff successfully recovers damages through an out-of-court settlement for a wrongful termination, discrimination, harassment or other employment claim, they may have the option to choose whether to receive the money in a lump sum or through periodic payments. The choice between taking a lump sum or periodic payments should be carefully considered and can greatly impact the client’s future financial security.
In this webinar, you’ll learn more about your clients’ financial options when they receive a settlement so you can help them understand how to make their settlement last.
- Pros and cons of receiving a settlement in a lump sum and periodic payments
- Risk of depleting the lump sum too quickly
- Potential tax advantages of spreading the award over time
Matin Momen, Vice President and Associate General Counsel, MetLife
David DeGeorge, Vice President, Life and Income Funding Solutions, MetLife
Matin “Mat” Momen is the Unit Head of MetLife’s Product Tax & ERISA legal team responsible for the federal and state tax aspects of the design, marketing and administration of the company’s life insurance and annuity contracts and its retirement and employee benefit solutions. Prior to joining MetLife, Mat was a Senior Director in the Product Tax Unit of AXA Equitable
Dave DeGeorge is responsible for developing go-to-market strategies, including new business acquisition, for Life and Income Funding Solutions. In this role, he is focused on driving profitable growth of these products and positioning MetLife to deliver differentiated value to our customers. Prior to assuming his current role, DeGeorge, who has nearly 30 years of experience in the employee benefits and retirement markets, was previously responsible for U.S. marketing and various product function that support MetLife’s $9+ billion portfolio of group insurance products.. He is a FINRA Series 26 and 63 registered principal and holds the Chartered Life Underwriter (CLU®) designation.
*Please note that this is a non-CLE webinar.