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In a transaction known as a viatical settlement (for terminally ill patients) or a life settlement (for everyone else), the person selling his insurance gets an immediate cash payment.
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"The settlement is best for everyone because it provides these highly deserving families some measure of compensation for their losses and allows the school district to return all of its focus to education," Philip Sieff, a lawyer who negotiated the deal, said.
"The settlement may be bad for everyone, but not disastrous for anyone," he said.
"There's a shortage of deep pockets," Mr. Susman said, "and that could mean early settlements and less work for everyone".
Mayor James K. Hahn said at a news conference at City Hall on Friday that the settlement was a "win-win" for everyone.
"I've always said that one settlement shouldn't be a pattern for everyone else," said Randi Weingarten, president of the teachers' union and chairwoman of the Municipal Labor Committee.
The latest Israeli settlement plans were "a stab in the back for everyone who has worked to have negotiations," said a Palestinian official involved in the talks, who spoke on the condition of anonymity.
Alpha believes the settlements announced today provide the best path forward for everyone.
A federal judge agreed with our actions as a full settlement and we felt we had made things right for everyone.
A new constitutional settlement for the UK, that will suit everyone".
While not for everyone, financial tactics such as reverse mortgages and life settlements can provide cash for retirement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com