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April 25, 2014

SHP Financial Using Life Insurer Marks to Sell Structured Settlement Payment Rights as Annuities

by Structured Settlement Watchdog

SHP Financial, the Plymouth,  MA financial advisory firm is repeatedly using the logos and/or registered marks of life insurance companies to peddle structured settlement payment rights as annuities. Unless and until life insurer start protecting their brands in the unregulated structured settlement secondary market this behavior seems set to continue. 

Download SHP Financial (shpfinancial) on Twitter Use of Life company logos and/or registered marks to sell structured settlement payment rights as annuties

SHP Financial continues to act in reckless manner by posting, and continuing to post multiple tweets that structured settlement payment rights are just like a bank CD (for example, see Prudential below).  

The life insurers affected in recent tweets:

American General Download SHP Financial (shpfinancial) on Twitter American General 4-18-2014

Allstate   Download Shpfinancial_ _You're in good hands..._ for .. 4-22-2014 Allstate

Prudential    Download SHP Financial (shpfinancial) on Twitter Use of Prudential logo used to sell payment rights as bank CD 4-15-2014

Athene Annuity   Download SHP Financial (shpfinancial) on Twitter Athene Annuity

 Pacific Life   Download Twitter _ shpfinancial_ Looking to retire a little ...Use of Pacific Life logo-mark to ss payment rights 4-10-2014

Liberty Life/ Liberty Mutual Download Twitter _ shpfinancial_ Buy this $52k ... Use of Liberty Mutual mark to sell payment rights as annuities 4-2-2014

Note: It is our policy to notify life insurers of possible violations of their marks by those selling structured settlement payment rights to investors.  Life insurers may choose to send a cease and desist letter or can choose to commence legal action to protect their trademark rights.

 

Posted at 01:53 PM in Boston Structured Settlements, Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements |

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  • 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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