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February 07, 2015

Brandjacker SSQ is Unreliable Source for Insurer Ratings

by Structured Settlement Watchdog®

SSQ, currently a defendant in a Connecticut lawsuit over deceptive business practices, continues to target American consumers with misleading information about Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) and other life insurers issuing structured settlement annuities.

SSQ has continued to falsely state for almost 8 months that Berkshire Hathaway has a negative outlook on the structured annuity issuer which is rated AA+,  Standard & Poors second highest financial strength rating.  On June 23, 2014, S&P actually assigned a stable outlook to the structured annuity issuer BHLN, and on August 27, 2014 published the following about BHLN: Berkshire Hathaway LIfe Insurance Company of Nebraska S and P Stable AA+
"Extremely strong competitive position based on well-diversified mix of insurance and reinsurance businesses and diversified noninsurance subsidiaries Leadership in U.S. personal auto segment and global reinsurance sector supports its competitive position"

SSQ is not a reliable source for ratings of insurance companies.  SSQ and/or the people/entity who/which own and/or  control of that website have the potential to benefit from hijacking and diverting web traffic from the brands of established insurance companies with the clear goal of dominating key word searches that pair "structured settlement quotes" with the name of any insurance company whether or not the insurer issues or has issued structured settlement annuities**.

In June 2012,  a Canadian company, Genex Strategies, Inc. contracted with Nicholas John Jackson, a Missouri resident, part of whose work was to compile ratings of insurance companies as part of a revamp of the SSQ website located at the URL structuredsettlement-quotes.com. Jackson's work found its way onto the SSQ website between July 2012 and September 2012. Upon information and belief the domain and website was acquired by one of the Proctor led entities in 2011. Jackson interfaced directly with Genex CEO Roger Proctor and COO Boris Drubetsky according statements he made to me, and copies of communications between him and Drubetsky and Proctor that he voluntarily supplied after Jackson's relationship with Genex ended at the end of September 2012.

 

 

Posted at 01:25 PM in Berkshire Hathaway Structured Settlements, Factoring Company Bad Business Practices, Genex Capital Commentary, Structured Settlement Watchdog®, Structuredsettlement-quotes.com, Vancouver Structured Settlements |

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Guide to Structured Settlements 2021

  • What is a Structured Settlement? What You Need to Know
    What you need to know about structured settlements. General explanation of structured settlements, including the stable guaranteed income and favorable tax benefits that give structured settlements their "juice" and a helpful introductory video featuring 2021 A.M. Best Recommended structured settlement expert and Registered Settlement Planner John Darer® of 4structures.com® LLC
  • How Do Structured Settlements Work? Structured Settlement Diagram
    How structured settlements work, accompanied by 4structures.com® LLC's helpful structured settlement flow chart/diagram showing how structured settlements fit in with other 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 2021
    Which life insurance companies issue structured settlement annuities going into 2021? 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, 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 or even an index linked structured settlement.
  • 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 for 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, Transamerica, AEGON, GE Capital, Liberty, CNA) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last update October 2020.
  • 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.

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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.
  • Number of States That Prohibit Payment of QSF expenses by licensed agents and brokers
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Why Take a Structured Settlement?

  • A structured settlement offers guaranteed financial security to personal injury victims, wrongful death survivors and their families. A structured settlement involves a customized stream of payments, provides long-term stable tax-free income, for a period of years or a lifetime. Unlike other income annuities. a structured settlement annuity can have multiple payment streams to address multiple needs in a single contract.

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