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April 06, 2012

Michael 4:6 It's Time To Explain The Hypocrisy

"Don't Wait For Your Money" screams the headline on the Rescue Capital website.  "Sell Your Structured Settlement and Annuity Payments For Cash" it continues unambiguously.  But for the fact that Rescue Capital has ties to Michael A. Upchurch, the CEO of Delta Company of Insurance Services Inc. (a/k/a Delta Settlements), a company that advertises that it places over $250 million of structured settlement and annuities, there would be no need to question sheer hypocrisy.

Consider these "conflicting" statements which appear on the Delta Settlements website or blog as of today April 6, 2012:

"Structured settlements are a powerful financial planning tool and are the cornerstone of most financial settlement plans" 4/6/2012

"Failing to offer a structured settlement or preserve public benefits can have disastrous consequences for the plaintiff and ultimately result in a claim against plaintiff counsel". 4/6/2012

"By having a waiver signed, we help protect counsel from claims stemming from failure to offer a structure..."  4/6/2012

Resolving an injury or wrongful death case with a tax-exempt structured settlement annuity not only provides guaranteed payments, but also maximizes the returns".  1/6/2012

"Published in the Defense Research Institute’s October issue of For the Defense, the American Bar Association (ABA) President, William T. Robinson III, describes a specific case wherein a structured settlement was used. Describing his representation of a terminally ill client, Mr. Robinson’s article exhibits how a structured settlement provided the peace of mind and security his client desperately sought"  12/12/2011

"In many regards, the advantages of a structured settlement for a plaintiff are unparalleled. A structured settlement ensures a stream of income that provides for the injured party’s needs as opposed to receiving one lump sum vulnerable to premature depletion. There are many more benefits of using a structured settlement. Larry Swedroe summarizes the major benefits of a structured settlement in an article published through CBSNews.com"  12/9/2011

"Structure" is not  a four letter word 4/27/2011

"A structured settlement provides tremendous flexibility on when the minor receives the money after reaching the age of majority. Payments can be established for attending college, the purchase of a car, a down payment on a home; the list of life’s milestones goes on."  4/24/2011

How can Upchurch justify supporting placing people into structured settlements and running an agency that places people into structured settlements at the same time Rescue Capital,  a company to which Upchurch has ties, screams the solicitation "Why Wait" for structured settlements?

There is just nothing about "Why Wait?" that can be explained away as passive marketing.

 

 

 

Posted at 02:52 PM in Delta Settlements, The "Shriek" of the Week |

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Guide to Structured Settlements

  • Structured Settlement Lock-Ins | What You Need To Know
    What Does a Structured Settlement Lock-In Mean? How do does a plaintiff benefit from a rate lock in? How does the defendant/insurer/court benefit from using a lock-in. Where to be careful in using lock ins.
  • Structured Settlement Annuity Company Customer Service Phone Numbers
    If you already have a structured settlement this is highe time saver. This is a very useful list compiled by 4structures.com LLC, which includes both current AND former structured settlement annuity issuers and reinsurers. No need to be frustrated if you have simple bank or beneficiary changes, or the annuity company has merged or changed its name and you're trying to track them down. The list is regularly updated. Last update March 2013.
  • Structured Attorney Fees for Tax Deferral on Cases That Settle in 2013
    Structuring legal fees is a financial strategy that offers many benefits to lawyers and law firms. In 2013, there are now multiple product solutions. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure. Plan NOW for year end 2013! Put structured attorney fee expert John Darer on your settlement financial planning team.
  • Structured Settlement Payments | Types of Structured Settlements
    Ways You Can Structure Your Settlement Payments. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. You can also diversify your structured settlement by funding with more than one annuity issuer and/or with treasury funded structured settlements
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return IRR) of a structured settlement to other alternatives or complements. Need help with the chart? Call 4structures.com LLC at 888-325-8640
  • Treasury Funded Structured Settlements
    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities
  • Structured Settlement Annuity Companies 2013
    Which life insurance companies issue structured settlement annuities? A list of structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors, links to their websites and other useful information. April 2013 update
  • Rated Ages and Structured Settlements
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk bearing to a life insurance company whose business it it is to assess mortality risk to price its life and annuities. Boost your structured settlement annuity benefit or your yield on lifetime payments. Rated ages help to lower the cost of a Medicare Set Aside arrangement where a Structured MSA is being used.
  • How Do Structured Settlements Work? Structured Settlement Diagram
    The technical aspects of a structured settlement transaction explained, accompanied by 4structures.com LLC's helpful structured settlement flow chart/diagram showing how structured settlements fit in with other settlement planning solutions.
  • What is a Structured Settlement? Structured Settlements 101
    General explanation of structured settlements, including the tax structure that gives structured settlements their "juice" and a helpful introductory video podcast featuring structured settlement expert and Registered Settlement Planner John Darer

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  • A structured settlement offers guaranteed financial security to accident victims and their families. A structured settlement involves a customized stream of payments, a structured settlement provides long-term stable tax-free income, for a period of years or a lifetime. Unlike other income annuities. a structured annuity can have multiple payment streams to address multiple needs in a single contract.

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