by Structured Settlement Watchdog™
A Structured Settlement nursery rhyme?
Hey diddle diddle,
The Cat and the fiddle,
The Cash Cow jumped over the moon.
The WatchDog laughed, to see such fun,
The "Dish" was it was a great lampoon.
Hey Diddle Diddle the Cash Now Cat's Fiddling With You! The latest secondary market fairytale is that a cash now pusher "can help you maximize your annuity".
Can a company that buys structured settlement payment rights help you "maximize your annuity"? The answer, quite simply, is no.
In order to give you any advice about and/or place you into an annuity, there is a small question of licensing. One of the companies in question does not hold such a license in its home state or in several other states that I checked. Giving advice without a license may be violating the law. If someone is attempting to give you advice about a variable annuity they must have a FINRA Series 6, 63 as well as an insurance license.
Be careful not to take advice from someone without the proper credentials.
Once you have a structured settlement there is nothing that you need to do to it, save an occasional change of beneficiary, change of address to to change the bank where your structured settlement payments are deposited
Cash now pushers buy your rights to future structured settlement payments for a fraction of the present value. If one cash now pusher pays you more than another if you sell your structured settlement payments that is not "maximizing your annuity". You can't sell the annuity, because it is still owned by the qualified assignment company, you can only sell structured settlement payment rights
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