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May 21, 2016

Novation Settlement Solutions Involve Relentless Deceptive Advertising!

by Structured Settlement Watchdog®

Novation Settlement Solutions, the DBA for Novation Funding LLC has stooped to new levels of deception in advertising by encouraging people to sell their structured settlement payments at a discount to make " your structured settlement payments work harder for you". Novation's concept is easily rubbished. The only solution that Novation has is to buy your structured settlement payment rights at a big discount.  None of the people Novation has held out as experts has an insurance license as we have previously reported.

This is the same settlement purchaser which truly shafted young New Yorker Cedric Martez Thomas for over a $1.4 million profit spread for

Novation dubious claim re Structured settlement payments work harder
Novation Settlement Solutions Needs to Stop Its Deceptive Advertising and Be Held Accountable For What They Did to New Yorker Cedric Martez Thomas

Novation Funding LLC and its investors.  Doing business with Novation Funding means that Cedric Thomas will have to more than double his money just to get to the point he would have done had he done business with 2 or 3 other companies and a very long way to go before he breaks even on the payments he lost by doing business with Novation Settlement Solutions.

This type of deceptive advertising, in this case by Novation Settlement Solutions should be illegal.  Novation Settlement Solutions continues to make bald faced lies on its website that it pays the maximum payouts, when court records confirm that in the Cedric Martez Thomas case they totally shafted the youngster under the auspices of an Okeechobee County Florida judge in October 2015. $6,600,000 in future payments gone for about $1,037,000.

It is a serious public policy issue when there are these mammoth structured settlement factoring deals that screw structured settlement annuitants involving companies that use deceptive advertising. 

Who Is Investing in the Structured Settlement Annuitant Screwing Factoring Deals?

We are particularly interested in identifying investors who profit from the screwing of structured settlement annuitants. The more that is uncovered, the more sickening it gets.
I have already identified a life insurance company, fortunately not a structured settlement annuity issuer. which has profited from the massive screwing of an Oklahoma resident in a deal similar to Thomas orchestrated by Seneca One, another NASP member. Investors and financial advisers to investors should be aware that lawyers are gearing up and going after these types of deals and orders are being vacated, sometimes voluntarily, sometimes not.

 

Posted at 12:22 PM in Boca Raton Florida Structured Settlements, Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Florida Structured Settlements, Jacksonville Florida Structured Settlements, National Association of Settlement Purchasers (NASP), Novation Settlement Solutions | Novation Funding Commentary , Palm Beach Structured Settlements, Sarasota Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Payment Rights, Structured Settlement Payments, Structured Settlement Watchdog®, Structured Settlements in Fort Lauderdale FL, Structured Settlements in Miami Florida area |

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Guide to Structured Settlements 2020

  • What is a Structured Settlement? How do I get a Structured Settlement?
    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 2020 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 2020
    Which life insurance companies issue structured settlement annuities going into 2020? 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 a structured settlement? You'll like this huge time saver. Click for a comprehensive list compiled by 4structures.com® LLC, 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, GE Capital, CNA) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last update April 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 it here.

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 to fill a need for critical commentary in an under-served.marketplace. The John Darer® authored blog has been among the most prolific, providing fresh structured settlement, settlement planning and litigation recovery management content and commentary regularly. 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. 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. Thank you for reading!

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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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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.

Comments and Trackback Policy

  • Comments and Trackback Policy
    Comments to this blog are encouraged, welcome and add spice to the interactive nature of blogs. However, the unscrupulous practice by some to deliver comment spam, to connect all manner of unrelated products to structured settlements, detracts from user experience, is NOT tolerated by this author and thus necessitates the practice of comment screening.

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Why Take a Structured Settlement?

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