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February 24, 2007

Integrity Funding...What's in A Name?

by Structured Settlement Watchdog™

Integrity means strict adherence to a moral and ethical code. Thus, including "integrity" in your company name implies that your company strictly adheres to a moral and ethical code.

Integrity Funding Sources, of Portland Oregon, has done something that clearly dents their brand image. It shows us that a "morally descriptive" marketing name means nothing unless a company, like Integrity Funding, can back it up with its actions.

The following testimonial appears on the website of Integrity Funding Sources (www.integrityfunding.net), a factoring company that, among other things, purchases the payment rights to structured settlements:

"I would like to thank Virginia Dunn at Integrity Funding for her assistance in getting a cash portion from my settlement annuity. Her prompt response to my inquiries and her professional follow-through was extremely appreciated.

The funds allowed me to purchase stock in the Mannatech corporation during its Initial Public Offering stage in February. The stock was available at $8 per share and has since risen to $20 per share. I have more than doubled my money in a few months. A 100% increase in 3 - 4 months beats a 3-5% increase in 1 year.

Virginia has done so well that I have referred three family members with settlement annuity packages to her. She truly shops for the best deals out there. I know that because 2 of the 3 family members have different financial services helping them to obtain cash that they can use now.

Thanks for helping me double my money, Virginia!" (bold for emphasis)

Jerry Ryan"

Regardless of what the perception of the writer of the testimonial, the manner in which the testimonial is used by Integrity Funding, to imply that selling your structured settlement to Integrity Funding Sources will help you double your money, is irresponsible, egregiously misleading and deserving of a public pillory. The two transactions, that the person giving the testimonial describes, are independent NOT interdependent. Virginia Dunn DID NOT help Jerry Ryan double his money. What did Virginia Dunn do? All she did was arrange to give him a percentage of the discounted present value for his future payments after that independent transaction was approved by a Court.

Investments in equities (stocks) are not guaranteed and the result of Jerry Ryan's independent investment transaction are not typical. That's why you will see a disclaimer on most sales literature concerning investments. Here's the 1 year chart on Mannatech from Marketwatch by Dow Jones in case you need further convincing of volatility.

QUESTIONS

  1. Have you done business with Integrity Funding Sources as a result of reading the above cited testimonial on the Integrity Funding website?
  2. Have you received any print materials from Integrity Funding  Sources with the above cited Jerry Ryan testimonial on it?
  3. Have you been induced to sell your structured settlement payments (payment rights) by Integrity Funding Sources, or any other factoring company, for an alternative investment that didn't pan out?

If so I'd love to hear from you.

And Attorneys General and other regulators please take note that lack of regulation and enforcement of factoring companies is what leads to this. What Virginia Dunn and Integrity Funding have done would be unacceptable for a insurance or registered person's advertisement of insurance or securities products. When are you going to step up to plate on this consumer protection issue?!

Other posts referencing Integrity Funding

Urban Legends  September 15, 2006

Posted at 03:40 PM in Insurance Company News, Integrity Funding Sources, Oregon Structured Settlements, Portland Structured Settlements, Settlement Advertising Wall of Shame, Structured Settlement Factoring News, Structured Settlement Watchdog®, Structured Settlements |

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Guide to Structured Settlements 2023

  • What is a Structured Settlement? What You Need to Know
    Structured settlements and what you need to know about them including a helpful introductory video featuring 2023 A.M. Best Client Recommended Structured Settlement Expert and Registered Settlement Planner John Darer® of 4structures.com® LLC
  • How Do Structured Settlements Work? How Structured Settlements Work
    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in on the spectrum of settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company whose business it it is to assess mortality risk to price its life insurance and annuities. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used { WCMSA LMSA or NFMSA].
  • Structured Settlement Annuity Companies 2023
    Which life insurance companies issue structured settlement annuities going into 2023? A list of current structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors and/or other Tier1 NAIC ratings, with links to their websites and other useful information.
  • 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. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • 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. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
  • Structured Attorney Fees for Tax Deferral for Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as the an index linked structured settlement where payments are adjusted based on upside changes in the S&P 500 with no downside and a cap of 5%. Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team.
  • Structured Settlement Annuity Company Customer Service Phone Numbers
    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click for a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Allstate, Transamerica, AEGON, GE Capital, Liberty, CNA, Confederation Life) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last updated January 23, 2023.
  • Structured Settlement Quote Lock-Ins | What You Need To Know
    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
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    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon

Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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