When you take the lump sum, the first thing to realize is that about 45 to 50 percent of the lump sum prize will be lost up front to pay income taxes. You'll need tax advice as to how much tax you'll owe and when tax payments must be made.
Most importantly, know that windshield wipers do expire. Windshield wiper arms average about two to three years, not accounting for more persistent or intense weather conditions, while the rubber part needs replacement about once a year. Expect only a four to six month lifespan for hotter climates.
On different makes and models of cars, these belts can last anywhere between 60,000 and 90,000 miles (96,561 to 144,841 kilometers), so you can expect your water pump to last about that long, too.