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March 29, 2010

"Rate Rape" Time That Structured Settlement Annuitants Fight Back Against Cash Now Pushers!

by Structured Settlement Watchdog

In today's issue of Morning Call, Riley Yates underscores the perils of any structured settlement annuitant doing business with Peachtree Settlement Funding. In a piece entitled "Need Cash Quickly? You'll Settle For Less" several stories are presented which show annuitants selling their structured settlement payment rights to Peachtree "for pennies on the dollar", when far more competitive options are readily available.

Peachtree is not known for competitive rates and they opportunistically prey on consumers who are either too desperate, lazy or unsophisticated that they do not take the time to shop. If they did take the time to shop they would be able to get more for the short term solution they hope to receive in exchange the long term financial security they are giving up. Peachtree is infamous for once "jacking" a Florida woman with a discount rate in the 40% range. Why fall into this category? 

A recent Peachtree Settlement Funding advertising features a guy who ages going to his mail box every month to get his stereotypical "tiny" annuity check. Since we're talking about "size", perhaps a deserved response to the Peachtree ad would be to feature a hot and steamy love scene which concludes with the woman mockingly exclaiming about THEIR "manhood"  "THAT'S ALL?"

P.S. A nod to John Machir of Ringler Associates for the "find"



 

 

 

 

Posted at 01:44 PM in "Rate Rape" of Annuitants, Cash Now Pushers | The "Cash Now Fix", Factoring Company Excess, Peachtree Settlement Funding |

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Guide to Structured Settlements 2022

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  • How Do Structured Settlements Work? How Structured Settlements Work | Structured Settlement Diagram
    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in with other settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
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    Which life insurance companies issue structured settlement annuities going into 2022? 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
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    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 .
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    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.
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    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?
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  • 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.
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  • What is a Qualified Settlement Fund?
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