The company claims "...the following carriers (to be) providing annuities for structured settlements":
A. AIG Life Insurance Company
Why is this wrong? Hasn't written structured settlements in years.
B. AI Life Assurance Company of New York
Why is this wrong? "AI Life" merged with United States Life Insurance Company in the CIty of New York December 31, 2010, the latter the surviving name.
C. Hartford Life Insurance Company
Why is this wrong? Hasn't written structured settlement annuities since 4th quarter of 2009, although it is purportedly making a cameo later this summer.
D. John Hancock Life insurance Company
Why is this wrong? As the result of a re-structuring of underwriting entities by parent Manulife on January 1, 2010, the two underwriting entities are John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York
E. Pacific Life Insurance Company
Why is this wrong? Pacific Life Insurance Company is neither the underwriter, assignee or guarantor of the Pacific Life structured settlement program. Pacific Life and Annuity Company is the underwriting entity.
F. Prudential Insurance Company
Why is this wrong? The legal name of underwriting entity is The Prudential Insurance Company of America (emphasis ours)
Comment: The company in question has a New York office. It is a requirement under New York Insurance Law that the full legal name of the insurance company be listed in advertisements along with the city and state of its home office.
Message: If you are going to put your self out there as "striving to keep its clients updated on the latest news in the industry", strive a little harder. I find it embarrassing when industry colleagues who've been around the block neglect their storefronts.
List of Structured Annuity Companies, including assignment companies and guarantors