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May 02, 2013

E Equals MC "Snared" | Structured Settlement Social Media "Road Kill"

Silly Einsteinby Structured Settlement Watchdog

More structured settlement social media "road kill" from Einstein Structured Settlements

"Going all the way back to 1983 the United States Congress has structured these payments in exhcange (sic) of (sic) previous lump sum payments to help provide a secure and long term solution for insurance payouts that are tax free and are set with the payee (thats you if you are reading this) and policy holders. So if you have an annuity or settlement and want to see how much money you can get from a buyer of structured-settlements (sic) than (sic) contact us today for a free quote and consultation on how we can best serve and help you get cash in your hand today" 

Why Einstein Structured Settlements is Inaccurate

  1. The United States Congress does not structure settlements.
  2. Not all insurance payouts are tax-free
  3. The process of selling structured settlements requires approval of a judge.  It's not an overnight process.

What Else is Wrong With Einstein Structured Settlements Marketing Approach?

The above cited piece of misinformation does not inspire that "working with Einstein is genius". It comes from a  posting called "New York Life Structured Settlement Cash Out?" 

"Tired of being behind on your bills. Have a structured Settlement that was underwritten by the New York Life insurance company by any chance? If so today may be the day we help you get back on your feet by advising you on whether or not it makes sense to cash out part or all of your current monthly/future payments that you are receiving as a result of a lawsuit from new york life in exchange for a large lump sum payment".

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Instead of marketing its value proposition, Einstein goes for  "brand jacking". How many times is New York LIfe mentioned in the same paragraph? What about an error riddled approach from a company that has only been around since Halloween, inpires anyone to trade financial security from a top rated insurance company that has been in business since before the Civil War?

Elsewhere on its website Einstein asks " What are Structutred (sic) Settlements and Where Can I sell them?"

Part of its response, which seems to defeat its own marketing message is

"Managing a structured settlement is less Stressful If you get a lump sum amount, you will have to worry about investing the amount so as to provide regular income. Structured payment is by itself regular income and thus easier to manage. For you to get the most from your structured settlement case, you will need professional help and advice"

We look for a little more attention to the accuracy of content being disseminated to American consumers

Einstein still posts a fake "testimonial" prefaced by the statement " Even our hispanic clientle (sic) loves how we help then maximize their settlement",  in which the purported Einstein client claims she sold a structured settlement to Einstein to pay for ocean front property in Miami and a Bentley. Setting aside how non credible the testimonial is (a judge is going to let someone sell their structured settlement to buy a Bentley?), and what a poor reflection such a testimonial is on the structured settlements secondary market,  at the time the video was first posted the company had yet to even do a deal, according to our source. On December 13, 2012 Rescue Capital observed  about the video "...can hardly be considered a typical and noteworthy reason to sell your payments.   This reason will certainly not satisfy the best interest determination by the judiciary across many States in the US.

 

 

Posted at 06:54 AM in Einstein Structured Settlements Criticism, Settlement Advertising Wall of Shame, Social Media "Road Kill", Structured Settlement Watchdog® |

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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 the title for a link to 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 September 14, 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.
  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
    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
  • When it comes to settlement documents it is the ultimate responsibility of the lawyers or claims adjusters who receive input concerning the structured settlement aspects of the documents to actually read the entire document, exercise independent thought and advise their clients properly
  • Be aware that financial advisors use of testimonials is prohibited or restricted
  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
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