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January 04, 2016

Is JRR Funding/ Einstein Structured Settlements Promoting Dispensing Insurance Advice Without a License?

by Structured Settlement Watchdog®

Don't seek guidance about the purchase of insurance products, including structured settlement annuities, from anyone who does not hold an active insurance license, or is not appropriately credentialed or licensed as a financial adviser.

JRR Funding, a  Florida Company, operating out of the Baltimore Maryland/DC area,  that has somehow  escaped regulatory scrutiny engages in both "selfie" promotion and appears to be soliciting insurance without a license using its Einstein Structured Settlements brand.

A number of structured settlement factoring companies provide information about the primary side of the structured settlement marketplace, but JRR Funding, through Einstein Structured Settlements appears to take it a step further.  In a page discussing Structured Settlement Rates that insinuates JRR/Einstein's ability to place structured settlements is:

"As you can see, Structured Settlement Rates can be very involved and complicated, and this is exactly why... always recommend the guidance of a firm like Einstein.."

A series of fraudulent ads promoting settlement planning seminars in Chicago and San Francisco were used by  JRR Funding/Einstein Structured Settlements in 2014. 

AS I have previously documented, a number of fake, paid testimonials were used and continue to be used by JRR Funding/ Einstein to promote its business.  The fake testimonials testimonials use paid actors who, at $5 to $25 a pop are  falsely portrayed  actual customers of Einstein Structured Settlements.

Among other fraudulent claims by JRR Funding/ Einstein Structured Settlements websites is  "Not every broker is as qualified as Einstein...", so don’t assume that they are. A broker should at least be a Licensed Health, Life and Disability Agent, or have very close ties to such an insurance firm. He should also carry Errors & Omission Coverage".  As I've shown above neither Einstein, nor the listed principals are licensed in Maryland or Florida.

On the website of another Richart Ruddie/Ryan Blank associated brand, Annuity Sold, there appears the fraudulent claim that Annuity Sold is licensed to purchase in all 50 states.

Much of what is posted on Einstein Structured Settlements is not well researched and is often poorly articulated.

 

 

Posted at 11:16 AM in Baltimore Structured Settlements, Bethesda Structured Settlements, Chevy Chase Structured Settlements, Einstein Structured Settlements Criticism, Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Los Angeles CA Structured Settlements, Misinformation About Structured Settlements, Owings Mills Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement False Advertising, Structured Settlement Protection Acts, Structured Settlement Warning, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2023

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    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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  • 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 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, 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 January 23, 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
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