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December 10, 2014

Client First Funding "Sand Castle" Analogy Hoists Them on Their Own Petard

by Structured Settlement Watchdog®

Client First Funding asks us "if we have been back to our favorite beach lately only to find there's not much sand left?"  The analogy is used in an apparent attempt to unsettle structured settlement annuitants about "inflation and other economic forces". They say the longer you wait for your money the less it it will be worth in a website page on "key concepts".

It was only a year ago that Client First CEO Burt Kroner and I were having a nice chat about a deal in which a Florida factoring company paid just under $600,000 to a 29 year old Tampa area unemployable single father man with very young children with said amount, replacing a good  "job" with Allstate Life Insurance Company that the man "could never be fired from" for the rest of his life.  The discounted lump sum, if invested,  was supposed to be sufficient to raise his kids, put them through school and last the rest of his life. It was only a year ago that this young man was delivered that "sand castle" from Santa and he contacted me.  

Santa sandcastle

Fortunately within two months of his New Year's Eve 2013 call to me and my nice chat with Burt Kroner, the court order was vacated and the young man's payments were restored.   After all it was "client first".

The nice thing about a structured settlement "beach" is that there is plenty of "sand" in the dunes. That's why Burt and his investors, and his competitors, and their investors, want to buy it.  It provides safe and secure income, core income that you should be able to depend on.before you take risk  

A structured settlement is a river of income, not a sand castle subject to the ebbs and flows of a tide, a rake or the latest deposits of seagull guano. The volatility of mutual funds and the stock market is even more unpredictable than the tides, which can be affected by gravitational actions of the sun, moon and Earth.  

It's Christmas time, quit hocking your "stocking"

 

Posted at 09:43 PM in Boca Raton Florida Structured Settlements, Client First Funding, Structured Settlement Factoring, Structured Settlement Watchdog®, Structured Settlements in Florida, Structured Settlements in Fort Lauderdale FL, Structured Settlements in Miami Florida area, Sumter County Structured Settlements, Tampa Structured Settlements |

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Guide to Structured Settlements 2023

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  • 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.
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    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
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  • 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?
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  • Firmwide Qualified Settlement Funds Debunked
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