Genex Capital claims to be a structured settlement annuity buyer by coding the term into the meta title of its website. The thing is that Genex Capital is not a structured settlement annuity buyer because Genex Capital buys, or acts as an intermediary in the purchase of structured settlement payment rights. In a structured settlement factoring transaction the annuity contract itself is never transferred or sold, even if a seller sold all of their structured settlement payment rights.
Consider these definitions under the United States Internal Revenue Code
IRC 5891 (c)(2) Structured settlement payment rights
The term “structured settlement payment rights” means rights to receive payments under a structured settlement.
The term “structured settlement factoring transaction” means a transfer of structured settlement payment rights (including portions of structured settlement payments) made for consideration by means of sale, assignment, pledge, or other form of encumbrance or alienation for consideration
I challenge Genex Capital to demonstrate a single structured settlement annuity contract that it currently owns, or ever owned, from an annuity issuer in the United States or Canada.