by Structured Settlement Watchdog®
My financial "Illiteradar" has beamed onto " Structured Settlements: Methods, Suitable Clients and Assistance", "made for advertising" (22 ads!) shlock published by yet another anonymous poster whose site is registered through Go.Daddy.com. Here's a slice of financial ignorance on display at structured-cash-settlement.com :
"The secondary market is the structured settlement company".
"On other hand, the accussed party will be the one to to pay the life insurance company".
"Unlike the buy and hold method, the third party will be assigned in purchasing thee annuity"
"In yearly payments, the agreed amount will be divided into equal amounts. It will be distributed on the period that is agreed by both parties".
"In inflation hedging, payments may depreciate or increase over a period of time. If the economy is good, then the money will likely increase. On the other hand, if the economy is in crising, then the money will depreciate".
"In monthly indexed installments, the payment can be done by month, every 3 months or 6 months. Payments that changed in amount due to some financial index is tracked over time".
"Clients must be qualified for Social Securoty benefits either as retiree or must meet the criteria of the U.S. federal health program"
In its post " Fundamentals of Structured Settlements"
"When we say annuities, we mean of regular deposits to regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. The payment may be done weekly, monthly, quarterly, yearly or in any time interval as long as it guarantees future payments."
"As long as you settle it properly, the structured settlement may reduce the complainant’s tax obligation and may even lead in tax-free senarios"
"We invest our money to double or triple the money we invest in a couple of years". "Look for the flaws and the brighter side".
"On the other hand, its not even bad if we squander our money but if we squander it too much. Then, its bad after all. Just buy the things that you need and not the things that you want. If not, there will be no money left for you, without you knowing it."
In its post on Wrongful Death... kudos may be due...
"Your lawyer will "advice" you as to whether a wrongful death clam can be made"
Comment: Not only CAN they "be made", but I've dined at several seafood restaurants that seem to have specialized in "wrongful death clams". Very popular with the "sharks" I might add.
(All emphasis ours!) Cue the circus music!
There are a number of legitimate primary market practitioners who have been unfortunately and unwittingly associated with this tripe due to: 1) their subscription to Google Adwords which placed their ads on the aforementioned website; 2)Due to the website publisher's use of the Amazon carousel widget; 3) Due to the publisher placing a video podcast of them on the site. I was actually tipped off by a Google news alert which referred to the posting of a video on the site which featured an industry colleague.