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February 17, 2016

Annuity.Org Not a Dependable Source of Information About Structured Settlements

by John Darer® CLU ChFC MSSC RSP CLTC

It really is a disservice to consumers when companies like Annuity(dot) Org LLC don't stick to what they know. "How Courts Award Structured Settlements" is the latest piece of Structured Settlement Social Media Road Kill from Annuity.org LLC out of Orlando Florida.

  • Courts do not award structured settlements. A structured settlement is a negotiated compromise or agreement.

The Annuity(dot)org explanation about qualified assignments is a joke  "the defendant hands over future liability through a qualified assignment. Through tax laws, any future financial responsibility gets turned over to a third party".

Comment: The Defendant, or its insurer, transfers the obligation to make future payments by way of a qualified assignment with the consent of the plaintiff. 

Here is our original structured settlement flow chart that appears on 4structures.com LLC's website

How Structured Settlement Works Flow Chart-CTLA

Here is the poorly plagiarized version of our chart posted on Annuity.org by someone who clearly had no idea what they terms meant.  Anyone who is a REAL Certified Structured Settlement Consultant will have a chuckle over the Annuity(dot)org reference to a "Specified Trust" in Section D

Ss-flow-chart annuity.org bad copy of 4structures chart

 

Annuity(dot)org then really "screws the pooch" when it discusses the pros and cons of structured settlements

For instance

1. Annuity(dot) org "Tapping into your structured settlement without selling payments will cost you money. You will pay surrender charges and IRS penalties if you withdraw funds before age 59½".

Comment:  WRONG and WRONG.   Three are no withdrawals or surrenders from structured settlements. You receive payments in the amounts and at the times you agreed to.  Thus there are no surrender charges or IRS penalties.  Annuity(dot)org makes the blatant false implication that selling payments will not cost you money. Selling your payments to Annuity.org through its exclusive business partner, or anyone else WILL cost you money

2. Annuity(dot)org "...recipient cannot invest the lump-sum payout in other investments that carry high rates of return".

Comment:  WRONG .   There is nothing preventing a structured settlement recipient from investing a guaranteed or contingent lump sum payment in anything they wish.

3. Annuity(dot)org "...recipient cannot invest the lump-sum payout in other investments that carry high rates of return".

Comment:  WRONG .   There is nothing preventing a structured settlement recipient from investing a guaranteed or contingent lump sum payment in anything they wish.

4.  Annuity(dot) org   "The accrual of interest or capital gains earned on the money is exempt from federal, state and local income taxes, providing greater savings".

Comment:  There is no accrual of interest or capital gains with a structured settlement annuity.  There is a contract to pay future payments. To the extent that exceeds the premium what would otherwise be taxed as ordinary income is tax exempt if the payments represent payment of damages which are excluded under IRC 104(a)(1) or IRC 104(a)(2)

5. Annuity(dot)org "Unlike stocks, bonds and mutual funds, structured settlements are not dependent on fluctuations of financial markets"

Comment: Neither stock, bonds or mutual funds nor structured settlements are dependent on fluctuations of the financial markets, however, while investments in stocks, bonds and mutual funds are affected by different risk factors associated with where they are traded, structured settlement are not affected.  With a structured settlement you get the "steady paycheck" that you bargained for in the "job that you can't be fired from".

Whats up doc
Meh. What's Up Doc?

 

Annuity(dot)org v Einstein Structured Settlements/JRR

Einstein Structured Settlements/JRR's content was just comic relief. With 3 years of fake testimonials, and fake settlement planning seminars and fake academic credentials, fake , false claims about licenses (on annuitysold (dot) com) and a typo laden, writing style with an overabundance of  foreign syntax ,  who could ever take the company run by the poker player, "Chewbacca" and "Charto911" seriously about structured settlements?

Annuity(org) spins a higher grade of BS.  And they play dirty too. They answer phones associated with spam domains that falsely imply that they are a "certified structured settlement consultant" for virtually every city, town and "rabbit hole" in the United States.  Meh,  what's up doc?

 

 

 

 

Posted at 11:12 PM in Annuty(dot)Org Roadkill, Baltimore Structured Settlements, Boca Raton Florida Structured Settlements, Misinformation about Structured Settlement Factoring, Misinformation About Structured Settlements, Orlando Florida Structured Settlements, Social Media "Road Kill", Structured Settlement Factoring, Structured Settlement Factoring News |

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Guide to Structured Settlements 2023

  • What is a Structured Settlement? What You Need to Know
    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.
  • 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 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.

Contact Structured Settlement Expert John Darer®

About The Structured Settlement Blog

  • STRUCTURED SETTLEMENTS 4REAL® Blog Is a Popular Source of Structured Settlement News and Information, Settlement Planning News, Tax Deferral and Deferred Income Planning Solutions,
    with a stable readership that seeks credible structured settlement information and/or opinion about topical issues related to settlement planning, targeted to lawyers, injured persons and their family members, guardians, survivors, judges, magistrates, special masters, mediators, administrators, trust companies, insurance company executives and adjusters, financial advisers settlement professionals, financial professionals, insurance regulators, government leaders, federal and state law enforcement, buyers and sellers of structured settlement payment rights, the news media and other interested parties. 4structures.com LLC established the structured settlement blog in 2005 and for over 17 years it has been a leading source for critical commentary. The John Darer authored blog has been among the most prolific, regularly providing fresh structured settlement, settlement planning, litigation recovery management content and commentary. John Darer®, CLU ChFC MSSC CeFT® RSP CLTC, President of Stamford, CT based 4structures.com, LLC, is an experienced New York City area structured settlement expert, structured settlement broker, Certified Financial Transitionist, and Registered Settlement Planner. In his capacity as a investigative journalist and commentator, and professionally, John Darer passionately believes that shining the light on a business practice is both healthy and newsworthy. It is in the best interest of tort victims, their families and their legal advisers, that the settlement planning discussion involve those that are properly trained in the topic, properly informed on the topic and, with respect to structured settlements, properly licensed and/or appointed). It has significant instructional and deterrent value to other practitioners and firms as well as those who may be caught in the cross hairs. WHAT YOU GET here is the straight stuff with a touch of irreverence and humor. We hope you enjoy and find the content to be helpful. Subscribe to the structured settlement blog feed, or a specific category feed through your blog reader, or through the Feedburner icon on this page. Followers of JDDarer™ on Twitter may also receive select content. If you would like to speak with John he can be reached at (888)325-8640 Thank you for reading! Last updated October 10, 2022

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  • "...Thanks to Mr. Darer's blog and personal pointers I was able to obtain a fair price for the sale of client structured settlement. Therefore, if one has no choice, but to sell their settlement educate yourself first before selling start by reading John's blog" Mr P. 11/17/2012
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  • "All the others that I had emailed & have seen on the net were "cash now types" & have no concern of me & just are looking for my $$$. When I came across your site & blog I realized that u are an upstanding guy & are not like others. That's why I emailed"
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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
    5 Survey not yet complete.

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  • Comments and Trackback Policy
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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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