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February 10, 2019

NLRBFCU.Org Fraudsters Epic Fail Structured Settlements 101

by Structured Settlement Watchdog

NLRBFCU.org is a completely unreliable source of information about structured settlements 

NLRBFCU.org epic fail defines structured settlement purchasers/ brokers as

"they can arrange for a structured settlement annuity to be setup and therefore paid to the claimant who was injured. A judge or jury gives the settled amount out of court or the award to the defendant. These are also referred to as structured settlement companies or structured settlements brokers"

Why NLRBFCU.org Gets a flaming grade of F on its explanation of structured settlement purchasers/brokers

  • A structured settlement purchaser does not set up a structured settlement.
  • A structured settlement annuity is not "therefore paid to the claimant".  Sometimes payments are paid to a trust, such as a special needs trust or to a plaintiff or to plaintiff or claimant's distributees.
  • A judge or jury does not give the settled amount to the defendant
  • A judge or jury does not give an award to the defendant
  • A judge or jury does not give a settled amount out of court to the defendant.
  • A claimant is a term primarily used if a claim has been filed.  If a lawsuit has been filed the relevant term is "plaintiff".

 

NLRBFCU Org Structured Settlement Road Kill

Value Proposition of NLRBFCU.Org So Far

  • Holds Itself Out As Recommended in Meta Tags Which Affect Search Results. It seems to be recommended by itself or a personal that does not exist.
  • Holds Out a Person Who Appears to Not Exist as A Reviewer.  Credentials do not check out
  • Changed its address from Washington DC to Savannah one week after the structured settlement watchdog exposed the fraud
  • Changed the company name from one bogus insinuated affiliation to another after the structured settlement watchdog exposed the fraud.

Laura Bushnell Update

"Laura Bushnell" , who is held out  as Editor in Chief for NLRBFCU and based in Boston. NLRBFCU also states that "she held senior VP level positions in corporate finance and consumer financial planning firms. A seasoned, enthusiastic financial manager with over 20 years of experience in corporate finance, annuities, structured settlements, and financial planning".

  • The fraudulent claim on NLRB FCU that the purported Laura Bushnell was a member of Charles River Rotary Club has been refuted by the Charles River Rotary Club.
  • You would think there would be some trace of Laura Bushnell on the Internet with those purported credentials.  There is no LinkedIn profile. No articles. No other instance where any image with the name Laura Bushnell comes closes to the image held out as Laura Bushnell on the NLRBFCU website. 
  • Oddly enough the only place where Laura Bushnell comes up is in a purported testimonial for an anonymously registered website called Themez  WP, which purportedly creates Wordpress themes. At time if publication, the Themez WP website displays Coming Soon on its Contact Us page yet has tons of  purported testimonials.  How is that possible?  How would anyone know who they were. How would any be able to leave a testimonial?

 

Posted at 02:40 AM in Factoring Company Bad Business Practices, Savannah Structured Settlements, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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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 the title for a link to 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 September 14, 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.

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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.
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Why Take a Structured Settlement?

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