by John Darer® CLU ChFC MSSC RSP CLTC
"The Other Side", a Tulsa Oklahoma man sometimes known as Robert Risk who likes to speak out, better make sure his cart is more securely harnessed before his horse bangs into it with his nose.
Risk states that the mission of his structured settlements website is "to provide the legal framework for traditional structured settlement annuity products used to fund periodic payment obligations from monies received on account of personal physical injury or sickness.
"The Other Side" has his cart before his horse, or perhaps more aptly "the other side" of the horse, because a structured settlement is not funded by monies received by the plaintiff. In fact if monies are actually or constructively received, there can be no structured settlement.
It's Structured Settlements 101. Here's a flow chart which shows how a structured settlement is created.
"The Other Side" nominated me to be the Structured Settlement Watchdog earlier this year, a role that I've played for 11 years next month. He even made a cute "campaign button' featuring my face on the body of a barrel chested pug dog. Too bad The Other Side couldn't put those adept Photoshop skills to good use by posting accurate information .
Let's nip this in the bud before it causes a "broker stir".