by Structured Settlement Watchdog
Providing advice about whether a person can sell part of their future payments or all of their future payments for pennies on the dollar is not an annuity specialist.
We Pay More Funding is a Florida company that markets to consumers the idea that their employees are "annuity specialists". We Pay More Funding is a company that buys rights to future structured settlement payments for pennies on the dollar. The company's tag line is 'the choice that makes more cents".
Unless Rhett Wadsworth and/or any of his employees holds an insurance license and a professional designation the use of the term "annuity specialist is wholly misleading and a fraud. A search of the Florida Department of Financial Services website shows that Rhett Wadsworth is not licensed in Florida. Download Rhett Wadsworth Florida insurance license search. Rhett Wadsworth's LinkedIn profile shows no specialized annuity training, but extensive work with Structured Asset Funding who too provides liquidity to structured settlement annuitants for pennies on the dollar.
A Certified Annuity Specialist - CAS - is a FINRA recognized certification, indicating expertise in fixed-rate and variable annuities. Individuals with the CAS designation offer clients expert advice in regards to investment opportunities in annuities, which provide a stream of income to those who are nearing or in retirement. Other than the word " certified" , how is a consumer able to discern between a legitimate annuity specialist and one that is simply offering a guaranteed to lose pennies on the dollar solution?
The President of We Pay More Funding is a central figure in litigation against his former employer Structured Asset Funding. Rhett Wadsworth, it has been alleged, groomed a black amputee burn victim. A quotable quote from a December 27, 2015 news story in the Washington Post "In interviews and court documents, Taylor said the purchasing companies “coached” him in coming up with “false” reasons to explain why he needed the money. In one affidavit that Taylor signed, it said he needed money to pay down credit-card debt. Another said he wanted money to start a nonprofit organization. All of these explanations, he now says, were not true. They “were Rhett Wadsworth ideas. Rhett said it had to look good on paper for the judge to approve it.”
If Rhett Wadsworth rally was an "annuity specialist" and he was so close to Terrence Taylor, knew about Taylor's young child and Taylor's lack of employability, why did Wadsworth continue to pad his pocket with deal after deal after deal? Why didn't he cut his friend off?