by Structured Settlement Watchdog
There are only three types of structured settlement annuity buyers
- A Defendant who is buying and holding the structured settlement annuity to fund a future periodic payment obligation to a claimant under a settlement agreement
- An Insurer who is buying and holding the structured settlement annuity to fund a future periodic payment obligation to a claimant under a settlement agreement
- A Qualified Assignment Company that has assumed an obligation to make future periodic payments under a settlement agreement and buys a structured settlement annuity as a "qualified funding asset".
Despite the immutable fact that what they're buying are structured settlement payment rights, which are defined under the Internal Revenue Code, Vancouver and Dover, DE UPS store mailbox based Genex Capital shamelessly misrepresents that it is a structured settlement annuity buyer in its advertising. The fallacy extends to StructuredSettlement-Quotes (SSQ), a member of the Genex Capital Group where 6 purported "structured settlement annuity buyers" purportedly compete for your business and to Assured Annuity, another Genex Capital operation that purports "Genex Capital has been in the business of buying structured settlement annuities on the secondary market since 2003". A complete audit of Genex Capital transactions would no doubt prove that it wasn't structured settlement annuities that were purchased.
Now why would a company whose CEO is a lawyer do that?