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December 29, 2020

The 2020 "Awarded a Structured Settlement" Blithering Peanut Pusher Awards (BPPA)

by Structured Settlement Watchdog

A structured settlement is negotiated not awarded.

"Pushing the peanut" that you can be "awarded a structured settlement", continues to be a sad fundamental flaw of sectors of the structured settlement secondary market. Since these folks are at odds with the fundamentals one naturally wonders what other aspects of their business they are getting wrong in public facing communications to consumers. Those that get it wrong unfortunately use this information to generate leads for their businesses, which involves soliciting consumers to sell their structured settlements for pennies on the dollar. In the interests of financial literacy, why not just get the correct information into the melons on your collective necks and disseminate correct information?  Practice makes perfect.

Peanut pusher
"Peanut pushers"

Secondary Market Purveyors of Structured Settlement Misinformation 

1. "If a lawsuit was settled for your benefit, then you may be awarded a structured settlement payout.  [ Google Page 1  12/28/2020]

Purveyor of Misinformation: Annuity Capital.  Now there's no sense from a company whose value proposition to consumers is making them "cents" (on the dollar! 

2."What Is the Process for Being Awarded a Structured Settlement?"   [ Google page 1 12/28/2020]

Purveyor of Misinformation: J.G. Wentworth. The market leader doesn't get it after doing this for nearly two decades?

3. "When a court decides someone is at fault, the surviving family members of a victim can be awarded a structured settlement"  [ Google Page 1 12/28/2020]

Purveyor of Misinformation: Structuredsettlements(dot)com . No surprise.  No sense. So if Larry ReBar hurts his back at work, his family gets an "atta boy" while Larry gets nothing?  Who proof reads this nonsense?

4.  "Anyone can be awarded a structured settlement in a lawsuit, though the term most often refers to those who have been awarded a settlement after a personal injury legal case.   [Google Page 1 12/28/2020]

Purveyor of Misinformation: Consumer Affairs. A double down on wrong, authored by Clark Kendall, a Personal Finance Expert

5. “A structured settlement is a regular stream of tax-free payments granted to the plaintiff in a civil lawsuit structured settlement is a type of annuity that pays out an award from a civil lawsuit” 

Purveyor of Misinformation: Annuity.org  Elaine Silvestrini, who cites 3 sources , none of which use the word "grant", because a structured settlement is neither bestowed on someone  or a charitable grant. It is the result of a negotiation and compromise and paid as consideration for a release of claims.  The sad thing is that the Silvestrini was financially reviewed by Somer G. Anderson, Ph.D., CPA, CGMA, CFE, who despite her impressive professional designations, none have anything to do with structured settlements.

6. "Question: Camila Was in An Automobile Accident. She was Awarded a Structured Settlement...”

Purveyor of Misinformation: Chegg Study Textbook Solutions  Business Questions and Answers (12/29/2020). There is a typical finance problems with 4 numerical answers. It's a trick question students. Perhaps the teacher knows it is. Perhaps they don't. Because you cannot be awarded a structured settlement, logically none of the 4 choices is right. Need the back up? Contact me. I'm not interested in discrediting the teacher. I'm interested in seeing that future business leaders and consumers are given accurate information.

7. “It took 5 years, but in 1992, Kelly was finally awarded a structured settlement...”  (12/29/2020 Google search result)

Purveyor of Misinformation: Strategic Capital.  Not likely Stratcap. In 1992, Kelly could not have been doing her best CeCe Peniston ("Finally it's happened to me right in front of my face,  My feelings can't describe it"), because it wasn't awarded to her. It was part of a negotiated compromise. A settlement, not an award!

 

 

 

Posted at 11:14 AM in Financial Literacy, Misinformation About Structured Settlements, Structured Settlement Watchdog® |

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December 28, 2020

Genex Capital Structured Settlement Investors | Amended Complaint Alleges Genex & CEO Conspiracy/ Conversion of Investor Payments

by Structured Settlement Watchdog

Genex Capital Corporation, which was sensationally sued by two California retirees in October who had invested in factored structured settlement payment streams originated by Genex Capital, is now facing suits brought by additional investors as set forth in the Amended Complaint filed on December 22, 2020 in Superior Court in Maricopa County Arizona.  Roger Proctor, the CEO of Defendants, Genex Capital Corporation, a Delaware Corporation and Genex Strategies, a Canadian company, has been named as a co-defendant in the Amended Complaint. Plaintiffs are retirees who bought factored structured settlement payments as investments.  

Genex Capital is alleged to have taken the structured settlement payments that plaintiffs originally bought from Genex,  and then resold the payment rights to new investors, ostensibly raking in millions. The identities of the new investors are not known at this time, however it's seems only a matter of time. before the proverbial poop hits the fan. The Genex Capital Investor Lawsuits are a living breathing lesson for anyone thinking of investing in factored structured settlement payments. They are not annuities and have risks that you wouldn't have by investing in a legitimate annuity. 

Download Keefer Amended Complaint v Genex Capital et al. 12-22-2020

 RICHARD L. KEEFER and VICKI L. KEEFER, husband and wife; H.P., a married man; E. DWAYNE WALLS, a married man; and PANABCO, a partnership;
Plaintiffs, vs. GENEX CAPITAL CORPORATION, a Delaware corporation; GENEX STRATEGIES, INC., a Canadian corporation; ROGER PROCTOR and JANE DOE PROCTOR, husband and wife; HAPPY STATE BANK & TRUST COMPANY, d/b/a/ GOLDSTAR TRUST COMPANY, a Texas corporation; SECURITY TITLE AGENCY, INC., an Arizona corporation. Defendants.

I've created the following infographic to show my understanding (and to help readers get a better understanding) of the status of the litigation and my thoughts on the big picture, following my review of publicly filed documents. 

Genex Capital Investors Lawsuit

________________________________________________________________________________________________________________________________

"You shouldn't have to beg, borrow or steal" and you should not have to NEGOTIATE" - Roger Proctor CEO Genex Capital  March 15, 2010  Source: Genex Capital You Tube retrieved January 4, 2021. ________________________________________________________________________________________________________________________

Payment Rights From Structured Settlements Arising Out of These Cases Are Subject of Investor Lawsuit Against Genex Defendants

The Amended Complaint against Genex Capital, Genex Strategies, Inc and Roger Proctor et al. refers to factored structured settlement payment rights from cases involving original annuitants with the following surnames, that were allegedly converted by Genex Capital from Plaintiffs in Investor Group One and reassigned to as yet unidentified new investors who are referred to in the infographic as Investor Group Two:

  • Perdun
  • Miers
  • Duran
  • Power
  • Martin
  • Harrington
  • McAdory
  • Dacus
  • Bender
  • Tolentino
  • Alamaraz
  • Gibbons
  • Diaz

The following are the Counts in the Plaintiffs First Amended Complaint against the Genex Defendants and Proctor

Count One         Breach of Contract     (Keefers and H.P. v Genex Capital)

Count Two         Breach of Implied Covenant of Good Faith and Fair Dealing  (Keefers and Mr. Oak v Genex)

Count Three      Enrichment                  (Keefers, H.P., PANABCO v Genex Capital )

Count Four         Conversion                  (All Plaintiffs v Genex Capital, Genex Strategies and Roger Proctor, the CEO of Genex Capital)

Count Five           Civil Conspiracy           (All Plaintiffs v Genex, Genex Strategies and Roger Proctor

Count Six            Aiding & Abetting         (All Plaintiffs v Genex Strategies and Roger Proctor)

Count Seven     Declaratory Judgment     (Keefers and H.P. v Genex Capital)

Count Eight        Declaratory Judgment      Walls and PANABCO v Genex Capital)

Plaintiffs seek a judgment against Defendants:

A. Awarding the Plaintiffs compensatory damages of no less than the full value of the Converted Payments at the date payment was wrongfully diverted, and Plaintiffs’ rights and interests in the Converted Payments were converted, by Genex and GSI;

B. pursuant to A.R.S. § 12-1831 et seq. and Rule 57, Arizona Rules of Civil Procedure, declaring:

  • there is no enforceable Receivables Purchase Agreement between the Keefers and Genex;
  • there is no enforceable Receivables Purchase Agreement between H.P. and Genex;
  • to the extent there are fully executed and enforceable RPAs between the Keefers or H.P. and Genex, the Keefers and H.P. did not materially breach the RPAs when they reassigned and sold any of the Converted Payment Streams.
  • to the extent there are fully executed and enforceable RPAs between the Keefers or H.P. and Genex, the Keefers and H.P. cured such alleged material breaches of the RPAs;
  • regardless of whether there are fully executed and enforceable RPAs between the Keefers or H.P. and Genex, and regardless of whether the Keefers or Mr. P. materially breached any executed and enforceable RPA, Genex had no legal or equitable right to terminate the RPAs, or reassign and sell the Duran Payments, Perdun Payments, Non-Assigned Keefer Payments, or Diaz Payments to new third-party Investors, without notice to or consent by the Keefers or H.P.;
  • the Keefers own the right to receive the Duran Payments, Perdun Payments, and the Non-Assigned Keefer Payments, H.P. owns the right to receive the Diaz Payments, and, pursuant to Investor Assignment Agreements between the Keefers or H.P. and Genex, Genex has not and cannot terminate the Keefers’ or H.P.'s rights in these payments;
  • regardless of whether the RPAs allegedly entered between Thompson and Gibbons IRA and Genex are enforceable, and regardless of whether Thompson or Gibbons IRA materially breached any executed and enforceable RPA, Genex had no legal or equitable right to subsequently reassign, sell, or otherwise receive the Almaraz Payments or Outstanding Mier Payment, without notice to and consent by PANABCO and Walls; and,
  • PANABCO owns and is entitled to receive the Almaraz Payments, and Walls owns and is entitled to receive the Outstanding Mier Payment.

C. pursuant to A.R.S. § 12-1801 et seq. and Rule 65, Arizona Rules of Civil Procedure, ordering:

  • Genex be enjoined from reselling or reassigning Plaintiffs’ structured settlement payments described herein;
  • Genex be enjoined from advertising for resale or reassignment Plaintiffs’ structure settlement payments described herein;
  • Genex be enjoined from seeking to amend court orders related to Plaintiffs’ structured settlement payments described herein or from changing the mailing address for such payments from going to any person or entity other than to Security Title;
  • GSI be enjoined from receiving or distributing any funds related to Plaintiffs’ structured settlement payments described herein;
  • Genex be mandated to abide by the terms of the relevant Investor Assignment Agreements between Plaintiffs and Genex;
  • Goldstar and/or Security Title be mandated to direct all future structured settlement payments described herein to Plaintiffs, as the rightful owners of such payments; and,
  • Genex, GSI, Proctor, Security Title, and Goldstar be enjoined from engaging in any further conduct that would deprive Plaintiffs of their rights in the structured settlement payments described herein.
  • awarding Plaintiffs punitive damages to the extent permitted by law, sufficient to deter Genex, GSI, and Proctor from engaging in the same or similar conduct to that described herein;

D. awarding Plaintiffs punitive damages to the extent permitted by law, sufficient to deter Genex, GSI, and Proctor from engaging in the same or similar conduct to that described herein;

E. awarding pre-judgment and post-judgment interest on any award of damages at the rate provided under Arizona law, from the date of judgment until paid in full;

F.  awarding Plaintiffs its attorneys’ fees and costs incurred in this action plus interest thereon, at the maximum rate permitted by Arizona law, from the date of judgment until paid in full pursuant to A.R.S. §§ 12-341, 12-341.01, 12-1840; and,

G.  in the event judgment is obtained by default, for Plaintiffs’ attorneys’ fees of $25,000.00 pursuant to Rule 55(b)(1), Arizona Rules of Civil Procedure, and for costs expended, plus interest on those sums, at the maximum rate permitted by Arizona law, from the date of Judgment until paid in full;

H. the continuing jurisdiction of this Court to review and determine the reasonableness and award of any post-judgment costs and attorneys’ fees sought by Plaintiffs, pursuant to Rule 54, Arizona Rules of Civil Procedure

Plaintiffs allege:  (Note: the numbers refer to the line in the Pleadings of the Amended Complaint in Keefer et al v Genex et al. captioned above"
200. The Keefers rightfully own the Converted Keefer Payments.
201. H.P. rightfully owns the Converted H.P. Payments.
202. PANABCO rightfully owns the Converted PANABCO Payments.
203. Through its unlawful and unauthorized sale and re-assignment of the Converted Payment Streams to third-party Investors, Genex has intentionally exercised control over the Converted Payment Streams to the exclusion of the Keefers, H.P., and PANABCO.

The Keefers, H.P., and PANABCO have demanded Genex return control over the Converted Payments to the Keefers, and Genex has failed to do so.
205. The Keefers, H.P., and PANABCO have been damaged by Genex’s conduct in the minimum amount of the full value of the Converted Payments that Genex wrongfully took from each of them.
206. Upon information and belief, Proctor, in his capacity as Genex’s CEO, had personal knowledge of Genex’s transfer, sale, and reassignment of the Converted Payments to third-party Investors, without notice to or consent by the Keefers, H.P., or PANABCO.
207. Upon information and belief, Proctor, in his capacity as Genex’s CEO, supervised, managed, directed, and participated in and benefitted from Genex’s transfer, sale, and reassignment of the Converted Payments to third-party Investors. 

208. Mr. Walls rightfully owns the Outstanding Mier Payment.
209. Through its unlawful and unauthorized direction to Security Title to withhold the Outstanding Mier Payment, Genex has intentionally exercised control over the Outstanding Mier Payment to the exclusion of Mr. Walls.
210. Mr. Walls has demanded Genex return control over the Outstanding Mier Payments to Mr. Walls, and Genex has failed to do so.
211. Mr. Walls has been damaged by Genex’s conduct in the minimum amount of
the full value of the Outstanding Mier Payment.
212. Upon information and belief, Proctor, in his capacity as Genex’s CEO, had personal knowledge of Genex’s direction to Security Title to withhold the Outstanding Mier Payment, without notice to or consent by Mr. Walls.

213. Upon information and belief, Proctor, in his capacity as Genex’s CEO, supervised, managed, directed, and participated in and benefited from Genex’s direction to Security Title to withhold the Outstanding Mier Payment.
214. As a result of Genex’s, GSI’s, and Proctor’s intentional misconduct, Plaintiffs are entitled to punitive damages in an amount sufficient to deter Genex, GSI, and Proctor from engaging in conduct similar to that described herein.

216. Upon information and belief, Genex and GSI agreed to work together to divert
the Keefers’ ownership, rights, and interests in the Converted Keefer Payments, which the Keefers had already purchased from Genex for good and valuable consideration, and reassign and sell the Keefers’ rights and interests in the Converted Keefer Payments to third-party Investors, thereby depriving the Keefers’ of their rights and interests in the Converted Keefer Payments.
217. Upon information and belief, Genex and GSI agreed to work together to divert
the H.P. ownership, rights, and interests in the Converted Pak Payments, which the P's had already purchased from Genex for good and valuable consideration, and reassign and sell the H.P. rights and interests in the Converted H.P. Payments to third-party Investors, thereby depriving H.P. of their rights and interests in the Converted H.P. Payments.
218. Upon information and belief, Genex and GSI agreed to work together to divert
PANABCO’s ownership, rights, and interests in the Converted PANABCO Payments, which PANABCO had purchased for good and valuable consideration, and reassign and sell the PANABCO’s rights and interests in the Converted PANABCO Payments to third-party Investors, thereby depriving depriving PANABCO of its rights and interests in the Converted PANABCO Payments.
219. Upon information and belief, Genex and GSI agreed to work together to divert
Mr. Wall’s ownership, rights, and interests in the Outstanding Mier Payment, which the Mr. Walls had purchased for good and valuable consideration, and direct Security Title to withhold the Outstanding Mier Payment from Mr. Walls, thereby depriving Mr. Walls of his rights and interests in the Outstanding Mier Payment

220. Genex and GSI accomplished such diversion, reassignments, and sales by instructing Security Title and/or Goldstar to make payments to GSI, rather than to the Plaintiffs.

221. Genex’s and GSI’s agreed upon acts constitute conversion of the Plaintiffs’ property and are unlawful.
222. Upon information and belief, Proctor, in his capacity as Genex’s CEO and otherwise, had personal knowledge of Genex’s and GSI’s agreed upon conversion of the Plaintiffs’ property.

223. Upon information and belief, Proctor, in his capacity as Genex’s CEO and otherwise, supervised, managed, directed, and participated in and benefitted from Genex’s and GSI’s agreed upon conversion of the Plaintiffs’ property.

224. Plaintiffs have been damaged by Genex’s, GSI’s, and Proctor’s conspiracy to unlawfully redirect and convert the Converted Payments purchased by and owed to Plaintiffs in an amount to be proven at trial.
225. As a result of Genex’s, GSI’s, and Proctor’s intentional misconduct and conspiracy, the Plaintiffs are entitled to punitive damages in an amount sufficient to deter Genex, GSI, and Proctor from engaging in conduct similar to that described herein.

Has Investor Group Two Been Informed by Genex Capital, Genex Strategies, Inc. and Roger Proctor?

At this stage it is unclear whether or not the as yet unidentified investors from Investor Group Two were notified of the origin of the payments (1) at the time Genex sold them to the investors that make up Investor Group Two, or (2) when the Keefer's filed suit in October, or (3) whether they will be notified and when, now that the Amended Complaint has been filed.  How many more investors are out there? We shall see.  Stay tuned.

"You shouldn't have to beg, borrow or steal" and you should not have to NEGOTIATE"  Roger Proctor CEO Genex Capital

 

 

Posted at 04:19 PM in Genex Capital Commentary, Genex Capital Investor Lawsuits, Maricopa County Structured Settlements, Structured Settlement Factoring News, Structured Settlement Investments, Structured Settlement Payment Rights, Structured Settlement Watchdog® |

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December 26, 2020

Annuity.Org's "Three Blind Mice"... See How They Flunk Structured Settlements

by Structured Settlement Watchdog

Annuity.org has lowered their credibility bar even further by publishing this flunk worthy statement, portrayed as "Fact Checked" in  " What Kind of Payment Stream Do I Have?".

"Because structured settlements, which are typically executed through annuities, are legal judgments subject to strict regulations, it can sometimes be confusing to match the payments to the issuer".

  • A structured settlement is not a judgment. Structured settlements are established as the result of  a negotiated compromise.  That's why it's called a settlement. How basic is that?

  • Structured settlements are typically funded with structured settlement annuities. They are not "executed through annuities". All Rachel Christian , her editor and fact checker had to do was read IRC 130(d). Once again, it's very basic stuff.

But it was lost on the first "mouse", author, Rachel Christian,  who cited 15 sources (only 2 of which have anything to do with structured settlements and none of which confuse a settlement with a judgment) work was edited by second " mouse" Kim Borwick and the third "mouse", financial planner Rubina K. Hossain, CFP.

In what appears to be an admission of sorts,  Rachel Christian writes  "Some of the confusion stems from the way structured settlements are set up, which includes multiple entities and transactions, starting with the defendant’s transfer of the financial obligation to a subsidiary of an insurance company.

When it comes to structured settlements, it is their confusion that is obvious. There is just no need for their confusion to be transferred to consumers.  That is why consumers should only seek advice from people with verifiable structured settlement or settlement planning credentials.  The execution of judgment is the act of getting an officer of the court to take possession of the property of a losing party in a lawsuit, called the judgment debtor, on behalf of the winner, called the judgment creditor, sell it and use the proceeds to pay the judgment. [ Source: US Legal]

As I've opined a number of times before, Annuity.org, is not a website that consumers can rely on for accurate information about structured settlements.  While Annuity.org ranks high in the search engine results, for 4 years it has done a disservice to consumers with shoddy research while serving to generate leads for a company or companies that are trying to get people who have structured settlements to sell them for pennies on the dollar.

via GIPHY  

Three blind mice. Three blind mice.
See how they flunk. See how they flunk,
They can't get structured settlement facts right,
The crap they publish shouldn't see broad daylight,
Did you ever see such a sight in your life?
As three blind mice?

Posted at 10:12 AM in Annuity.org | Sweeping Up Poor Annuity.org Research, Annuity.org/Launch That Commentary, Misinformation About Structured Settlements, Social Media "Road Kill", Structured Settlement Factoring News, Structured Settlement Humor, Structured Settlement Lyrics and Poetry, Structured Settlement Watchdog® |

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December 23, 2020

Thinking About Selling A Berkshire Hathaway Structured Settlement? Warning! Don't Get Ripped Off

by Structured Settlement Watchdog

Berkshire Hathaway Life Insurance Company of Nebraska is one of the strongest structured settlement annuity issuers out there. If you are receiving structured settlement payments from Berkshire Hathaway, there was probably a long term need when the structured settlement was established.

Money down the toilet.
Don't throw money down the toilet

The wheelhouse for Berkshire Hathaway's pricing structure is long term cash flows.

Berkshire Hathaway is also very attractive to investors seeking alternative investments such as factored structured settlement payments streams. A problem arises when greedy structured settlement factoring companies charge a rate that exceeds what Berkshire Hathaway would charge under its Hardship Exchange program. Very simply,  in such circumstances, anyone who is doing business with a structured settlement factoring company that charges more than 6.5% effective discount rate is getting ripped off. It could cost you real money. 

Think about the reason why you are receiving the structured settlement in the first place. Were you injured?  Did you lose someone important in your life?  Now take that into account and ask yourself if you need money then why would you let some lame assed company rip you off?

If you have a genuine need and a genuine hardship, you should be able to negotiate a rate lower than 6.5%.  If you have already sold Berkshire Hathaway structured settlement payments, look at your paperwork and if you have paid more than 6.5% I'd like to hear from you. As a resource to consumers and to legislators and interested others, I will be compiling a list of overpriced transactions targeting Berkshire Hathaway structured settlement annuitants which will include the  names of originating structured settlement factoring companies who attempt to  overcharge  or succeed in overcharging Berkshire Hathaway annuitants.  

 

 

Posted at 09:53 AM in Brooklyn Structured Settlement Cash Now, Buffalo Structured Settlement Cash Now, Factoring Company Bad Business Practices, Paoli Structured Settlements, Philadelphia Structured Settlement Cash Now, Pittsburgh Structured Settlement Cash Now, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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December 20, 2020

Strategic Capital Does Not Buy Structured Settlement Annuities, Even in KY as Its Advertising Alludes

by Structured Settlement Watchdog
 
Misleading advertising by structured settlement factoring companies and industry lead generators has led to confusion in those who give testimonials to such organizations. Take these two testimonials for Strategic Capital, a Toronto based company that solicits US citizens, from trial lawyer associations to whom Strategic Capital has made a generous financial donation. They were posted by Strategic Capital to its Facebook page on November 24, 2020.
 
Kentucky Justice Association got it wrong
 
Strategic Capital posted: “Strategic Capital is an annuity purchase organization that operates in a principled fashion and treats clients compassionately and fairly.” -Kentucky Justice Association
 
New Jersey Association for Justice got it right
 
Strategic Capital posted: “Strategic Capital Corporation purchases structured settlement payments. Unlike other firms in the industry, they are known for treating, with care and fairness, those with severe financial challenges arising after their case has settled.” -New Jersey Association for Justice
 
So what is wrong?
 
I strongly suspect that Strategic Capital would not be able to demonstrate it has actually purchased a structured settlement annuity from any client of a member of the Kentucky Association for Justice. The lack of understanding shown by the author of the statement attributed to the Kentucky Association for Justice in  is one thing. The deliberate use of the misleading testimonial by Strategic Capital, knowing that they do not and cannot buy structured settlement annuities is something else.
 
As the New Jersey Association for Justice correctly attributes, when it comes to clients of members of the trial lawyer associations that Strategic Capital donates money to, Strategic Capital buys structured settlement payments ( or specifically structured settlement payment rights).
 
Why should anyone care?
 
False information needs to be stopped dead in its tracks. Some structured settlement factoring companies who buy structured settlement payment rights re-sell or assign the payment rights to investors mislabeling them annuities. Investors have lost money, even all their money. Factored structured settlement payment streams are not annuities. The risks of such investments have come into sharper focus in past, as well as ongoing litigation against competitors of Strategic Capital. Strategic Capital and other structured settlement factoring companies need to do a better job in scrutinizing what they publish. Could they not simply ask the Kentucky Justice Association to rewrite the testimonial so it is technically correct instead of publishing and hoping nobody notices?

Posted at 03:20 PM in Bowling Green Kentucky Structured Settlements, Covington KY Structured Settlements, False Advertising Re Creating, Buying or Selling Structured Settlements, Kentucky Justice Association, Lexington KY Structured Settlements, Louisville Kentucky Structured Settlements, Misinformation About Structured Settlements, Strategic Capital, Structured Settlement Transfers, Structured Settlement Watchdog®, Truth In Advertising Structured Settlement Factoring |

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A Big Question for Structured Settlement Sellers

by Structured Settlement Watchdog

Structured settlement cash now parody

Selling a structured settlement? Read this before selling structured settlement payments in 2023.

Just because you have a structured settlement doesn't mean you need to sell the rights to your structured settlement payments for pennies on the dollar.

Last updated July 9, 2023

Posted at 01:00 PM in Ask Yourself This Question, Bronx Structured Settlement Cash Now, Buffalo Structured Settlement Cash Now, Cash Now Pushers | The "Cash Now Fix", Detroit Structured Settlement Cash Now, Georgia Structured Settlement Cash Now, Orlando Structured Settlement Cash Now, San Diego Structured Settlement Cash Now, Structured Settlement Factoring, Structured Settlement Transfers, Structured Settlement Watchdog®, Texas Structured Settlement Cash Now |

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December 17, 2020

Looks Like NJ Structured Settlement Annuitant About to Get Shafted in Middlesex County NJ Tomorrow

by Structured Settlement Watchdog

Annuitants Who Do Not Shop Around Do So At Their Own Peril When Selling

I don't know whether or not NJ resident Catherine Moronta shopped around for her pending structured settlement factoring transaction, but she's about to get royally shafted for an estimated hundreds of thousands of dollars in 3 separate deals bearing discount rates of 12.8*, 12.81% and 12%. There are hundreds of thousands in the factoring profit spread, according to our sources.  See Park St Closing LLC v Moronta C  Case# MID-007817-20. 

What Concerns Me...The Factoring Company/ Adviser Connection

A December 15, 2020 letter from Jeffrey Eglow, of Newbridge Securities was submitted December 16, 2020 to Judge Michael Cresitelloin support of the Park St Closing LLC  petition.  In the letter Eglow represents that he has had "many discussions regarding all aspects of her transaction and my advice, I respectfully request her transfer"  (emphasis added). It is evident in my opinion, that either there wasn't any discussion about the market in discount rates for income payments that begin in 2020 on one of the deals and 2021 on another with the third being a deferred transaction, or Eglow was brought to "the dance" by those charging her 12% plus . Selling a structured settlement is a money loser, 100% of the time.  Instead of investing x$, with a more competitive discount rate Moronta might have considerably more to invest, or she might not need to sell as much.

In November 2020, Eglow was involved as a financial adviser in a New York petition, with another proposed deal with a fat profit spread  filed in Niagara County,  E173532/2020 NIagara County Tiger Parrish LLC v Michael Monagan et al.  Accompanying that petition were Eglow's projections in Exhibit B that show a linear 12.5% Rate of return, but apparently fail to take into account income taxes and there appeared to be no stochastic analysis  (also known as Monte Carlo analysis) that take into account multiple  variables.

It was in January 2014 that I first encountered an alignment between a factoring companies and an investment adviser, which happened to Eglow in my initial investigation into the Mr. " A.D." case" . When "Mr. D "contacted me on December 31, 2013,  he was under the impression that an individual with the surname Escobar was a representative of Wells Fargo and had even contacted Wells Fargo to speak with Escobar. Worried after being told by Wells Fargo that Escobar didn't work there, he contacted me. I subsequently learned that Escobar actually worked for Client First. Client First CEO Burt Kroner freely referred me to Jeffrey Lewis Eglow, until March 1 2015, a West Palm Beach financial advisor with Wells Fargo, to discuss investment suggestions made to "Mr. A.D" for the proceeds of the sale of all of  Mr A.D's $62,000 annual income with guaranteed annual increases of 3%, for life stream from his Allstate structured settlement,  that I was questioning.  This was enough to support him and his two toddlers, but how was an unemployable man going to do that with the $577,000 proceeds from the ill-advised sale? Furthermore Allstate's Advanced Funding Exchange program would  have had a lower discount rate than what Client First charged. During the conversation I had with Eglow he admitted to me, among other things,  that the introduction to "Mr. D" came from Client First. This jives with this solicitation letter that Client First used. client-first-sell-structured-settlement-investment-show.pdf (typepad.com) that was essentially a billboard for Eglow and others.  There was no doubt in my mind after speaking with Eglow  at the time, that he did not adequately understand Mr D's situation. He certainly did not have knowledge of Allstate structured settlements or its AFEN, and it appeared that he did not know that this man was unemployable, the annuity being his primary source of income. Fortunately for Mr A.D. the order was vacated.

Eglow was also the financial advisor touted by Bexhill (Client First) in the one of the eleven Terrence Taylor deals in two years. "According to Terrence, as set forth in the legal Complaint against Bexhill, " a representative named Alex told him that Defendant Bexhill, and its agent. Boca Raton based Client First (Funding) were affiliated with Wells Fargo, a nationally recognized banking institution. Alex told Terrence that he could invest the money he received from doing this transfer with Wells Fargo. Alex told Terrence it would be crazy to pass up this deal". [Taylor Amended Complaint at #62].  Alex convinced Terrence that Wells Fargo would double his money if he did the proposed deal with Defendant Bexhill and its agent. Client First.  [ Taylor Amended Complaint  p 17 at #63]. Bexhill (Client First) quickly settled out the claim against them.

Independent Professional Advice?

In Eglow's home state of Florida, Florida Statute 626.99296 (2) (h) states that “Independent professional advice” means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser:

1. Who is engaged by a payee to render advice concerning the legal, tax, and financial implications of a transfer of structured settlement payment rights;

2. Who is not in any manner affiliated with or compensated by the transferee of the transfer; and

3. Whose compensation for providing the advice is not affected by whether a transfer occurs or does not occur."

While the Catherine Moronta case is pending in New Jersey and the Michael Monagan case is in New York, states whose statutes do not have mandatory independent professional advice, it seems reasonable that in any case, that a representation to the court should follow a certain common standard.   In discussing " all aspects of the transaction" did Eglow know  as part of "discussing all aspect of the transaction" with Moronta, that there were hundreds of thousands of dollars of fat in the deals?

Moronta's Court date is tomorrow December 18, 2020 at 2:30pm

 

 

Posted at 01:27 PM in Buffalo Structured Settlement Cash Now, Delray Beach Structured Settlements, Factoring Company/ Financial Adviser Coupling, Jersey City Structured Settlements, Middlesex County Structured Settlements, Niagara County Structured Settlements, NJ Structured Settlement Cash Now, Secondary Market For Structured Settlement Payment Rights, Structured Settlement Factoring News, Structured Settlement Transfers, Structured Settlement Watchdog® |

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December 16, 2020

NY Court Denies FLA Structured Settlement Factoring Company Motion to Dismiss Fraud Complaint

by Structured Settlement Watchdog

Structured Asset Funding d/ba 123 Lump Sum has failed to dismiss the complaint in Philip Lape , Plaintiff v Structured Asset Funding, LLC d/b/a 123 LumpSum, Insurance Company of North America, and Life Insurance Company of North America, Defendants New York State Supreme Court County of Monroe Index E2020003377 filed May 26, 2020.  Download Lape v 123 LumpSum 2020-05-26 E2020003377 SUMMONS___COMPLAINT

Why the Lape v Structured Asset Funding/ 123 Lump Sum Lawsuit is an important case to watch

Opening the door bears fruit
The Monroe County decision in Lape v 123 Lump Sum "opens the door" and may bear fruit

In the context of structured settlement factoring, forum shopping generally involves the (1)the solicitation of customers, (2) introducing the fraudulent concept to its intended structured settlement payee victims in a state or jurisdiction with more strict regulations and enforcement (3) directly or indirectly coaching structured settlement annuitants into taking of elaborate steps leading to the purported establishment of "residence" in a state where they don't actually live, for the express purpose of selling structured settlement payments in a jurisdiction with less robust enforcement of its structured settlement protection act. Forum shopping has been used by as a "gateway drug" by structured settlement factoring companies to circumvent New York Courts and pillage its victims' structured settlement payments. 

The standard structured settlement factoring company playbook, evident by a number of legal cases, is to simply point the finger at the victim for participating in the fraud. 

Plaintiff's complaint in Lape, notably included screenshot copies of electronic communications from an individual then affiliated with the Defendants that presents some of the clearest written documentation of how this insidious practice goes down. Defendant claimed the Plaintiff's complaint "violated the Full Faith and Credit clause, the doctrine of res judicata and failure to join the necessary parties".

In December 15, 2020 decision by Monroe County New York Supreme Court Judge Ann Marie Taddeo JSC wrote, in denying the Defendant's motion to dismiss, 

"Plaintiff asserts that he is not seeking this Court to overturn the actions of the Florida Circuit Court, but rather, he seeks a novel finding of fraud and deceptive business practices. Accordingly, he argues, neither the full faith and credit clause nor the doctrine of res judicata applies. The Court holds that plaintiff has stated a claim for which relief can be granted in New York. In so ruling the Court does not opine on the strength of the Plaintiff's case".  Download E2020003377_Phillip_Lape_v_Phillip_Lape_DECISION___ORDER_ON_28

The Lape decision opens up a novel legal theory that has survived a motion to dismiss, as well as a possible avenue for any structured settlement payee to sue structured settlement factoring companies for fraud and deceptive business practices.  Forum shoppers beware!

Prior Posts on the Lape case

Fraudulent Scheme to Evade NY Structured Settlement Protection Statute by 123 LumpSum Says New Complaint   June 8, 2020

Lape v 123 Lump Sum | Insurer Moves For Interpleader  October 1, 2020

 

Posted at 11:59 AM in Albany New York Structured Settlements, Annuitant v Factoring Company, Bethesda Structured Settlements, Boca Raton Florida Structured Settlements, Boston Structured Settlements, Bowling Green Kentucky Structured Settlements, NYC Structured Settlements, Olean Structured Settlements, Orange County Structured Settlements, Oregon Structured Settlements, Owings Mills Structured Settlements, Sarasota Structured Settlements, Seattle Structured Settlements, Secondary Market Structured Settlements, South Carolina Structured Settlements, Staten Island Structured Settlements, Structured Asset Funding/123 Lump Sum, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Transfers, Structured Settlement Watchdog®, Structured Settlements in Ithaca New York area, Structured Settlements in Nassau County, NY, Structured Settlements New York, Suffolk County Structured Settlements, Syracuse Structured Settlements, West Virginia Structured Settlements, Westchester Structured Settlements, White Plains Structured Settlements, WV Structured Settlements |

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December 14, 2020

Insurance Company Imposters Scam Structured Settlement Annuitants in Texts, Email and Calls

by Structured Settlement Watchdog

If you or a member of your family has received an email, text or phone call from someone claiming to be: 

Poop in a snow globe
Don't fall for the "poop in a snow globe" served up by scammers. Only deal with insurers and their appointed agents and brokers

 

  • Working closely with _______life insurance company; or 
  • Working in conjunction with _________life insurance company

You may also see such language on a proposal offered by someone or a company trying to buy your structured settlement payments. Pay no attention to it because it is a total scam.

Insurance companies have customer service departments and they have appointed agents or brokers, who hold active insurance licenses. You can easily verify a license online.  If you are in California, please note that a legitimate California life insurance agent or broker must disclose his or her license number on proposals.

Anyone who is texting, emailing or calling you using "poop in a snow globe" should be ignored. These actors may try to scare you by saying your account has been suspended or put on hold unless you call them. It's rubbish.

We're in the process of identifying the sources of such texts and making such information available to the insurance companies whose names they are using to solicit business under false pretenses. There should be no tolerance for such dishonest and unethical business practices.

Posted at 02:36 PM in Albany New York Structured Settlements, Boca Raton Florida Structured Settlements, Boston Structured Settlements, Bowling Green Kentucky Structured Settlements, Bridgeport Structured Settlements, Bronx New York Structured Settlements, Brooklyn New York Structured Settlements, Buffalo New York Structured Settlements, Cash Now Pushers | The "Cash Now Fix", Chicago Illinois Structured Settlements, CT Structured Settlements, Dallas Fort Worth TX Structured Settlements, Danbury Structured Settlements, Detroit Michigan Structured Settlements, Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Hartford CT Structured Settlements, Jacksonville Florida Structured Settlements, Missouri Structured Settlements, New Haven CT Structured Settlements, New Jersey Structured Settlements, New Orleans Louisiana Structured Settlements, New York City Structured Settlements, New York Structured Settlements, Newark NJ Structured Settlements, Newburgh Structured Settlements, NH structured settlements, NJ Structured Settlements, Orange County Structured Settlements, Oregon Structured Settlements, Orlando Florida Structured Settlements, Palm Beach Structured Settlements, Philadelphia PA Structured Settlements, Structured Settlement Watchdog®, Structured Settlements in Fort Lauderdale FL, Structured Settlements in Maine, Structured Settlements in Miami Florida area, Suffolk County Structured Settlements, Syracuse Structured Settlements, Tampa Structured Settlements, Tulsa Structured Settlements, TX structured settlements, VA Structured Settlements, Virginia Structured Settlements, Washington Structured Settlements, West Virginia Structured Settlements, Westchester Structured Settlements, White Plains Structured Settlements, Wisconsin Structured Settlements, WV Structured Settlements |

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December 10, 2020

Have You Received a Text Message from The "Client Protection Division" About Your Structured Settlement?

by Structured Settlement Watchdog

Frozen account
A frozen account? Yummy!

With all the wordsmithing prowess of the ubiquitous, annoying, nonsensical robocall script used with social security imposter scams   (" your social security number is being suspended"), some structured settlement annuitants are being targeted by factoring intermediaries with a text stating:

A. "Legal Analysis Update:

The Client Protection Division has placed a legal analysis on your POLICY. Your account may have been frozen, effective immediately. You must call 858-381-**** to resolve this matter.  M-F 7AM-& 7PM PST".

  • How does one place a legal analysis on a POLICY?  Do you type it up first and THEN lay it on the policy like a doily?   That would be a neat trick with a structured settlement since the annuitant does not own the policy. How would they gain access to the policy?
  • Upon information and belief the person who sent the text is not a lawyer. Who does the "legal analysis"? Are they members of the bar where the target of the text lives?
  • Your account may have been frozen effective immediately makes no sense.
  • Is it a policy or an account? 

 

 

 

 

 

Posted at 01:53 AM in Paoli Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2025

  • 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 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 which specializes in assessing mortality risk to price its life insurance and annuity products. 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].
  • Top Structured Settlement Annuity Companies 2025
    Which life insurance companies issue structured settlement annuities in 2025? 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. Last updated November 3, 2024
  • 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 2025
    In 2025, you can structure your settlement payments in various ways. A structured settlement allows for multiple payment types within one agreement. You can tailor and merge different structured settlement payments to suit your individual needs, either alone or alongside other financial instruments. If desired, diversify your structured settlement by utilizing multiple annuity issuers, treasury-funded structured settlements, index-linked structured settlement payments, and market-based structured options.
  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
    Structured attorney fees offer a financial strategy that provides a unique method for deferring taxes for attorneys and their firms. Attorneys can structure or defer their legal fees independently of whether the plaintiff structures their settlement. There are various ways to structure attorney fees, including capped or uncapped index-linked structured settlement annuities with payments adjusted according to the S&P 500 or another index's positive changes. Trial lawyers might also opt for a special deferred payment/compensation arrangement if they seek market-based returns without a cap. As the year-end approaches, consider adding structured attorney fee specialist John Darer® to your settlement planning team for 2025.
  • 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), oran annuity issuer has changed its name and you're trying to track them down. Here you go! The list is regularly updated. Last updated December 9, 2024.
  • 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
  • Structured Settlements and Longevity Risk| What Are the Odds?
    Do your financial resources give you enough road, or will the road run out before you do? A structured settlement annuity helps mitigate the risk of outliving your savings, no matter how long you live. A structured settlement can include one or more customized payment streams and types.

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.

Contact Structured Settlement Expert John Darer®

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  • STRUCTURED SETTLEMENTS 4REAL® Blog Is a Popular Source of Structured Settlement News, Information and Commentary, John Darer Reviews, Settlement Planning News and Financial Solutions for over 18 years,
    with a stable readership that seeks credible structured settlement information, John Darer Reviews, commentary and/or opinion about topical issues related to settlement planning, targeted to lawyers, injured persons and their family members, guardians, survivors, judges, magistrates, special masters, mediators, administrators, trust companies, insurance company executives and adjusters, financial advisers, settlement professionals, financial professionals, insurance regulators, government leaders, federal and state law enforcement, buyers and sellers of structured settlement payment rights, the news media and other interested parties. 4structures.com LLC established this structured settlement blog in 2005. John Darer ®, CLU ChFC MSSC CeFT® RSP CLTC, President of 4structures.com, located in Stamford, CT 06902. John Darer is an experienced New York City area structured settlement expert, structured settlement broker, Certified Financial Transitionist, and Registered Settlement Planner. He holds insurance licenses in 45 states, has 41 years financial services experience and 31 years in the structured settlements and settlement planning space. In his capacity as a investigative journalist and commentator, and professionally, John Darer passionately believes that shining the light on a business practice is both healthy and newsworthy. It is in the best interest of injury victims, their families and their legal advisers, that the settlement planning discussion involve those that are properly trained in the topic, properly informed on the topic and, with respect to structured settlements, properly licensed and/or appointed. It has significant instructional and deterrent value to other practitioners and firms as well as those who may be caught in the cross hairs. WHAT YOU GET here is the straight stuff with a touch of irreverence and humor. We hope you enjoy and find the content to be helpful. Subscribe to the structured settlement blog feed, or a specific category feed through your blog reader, or through the Subscribe button at the top left of this page. Followers of JDDarer™ on Twitter may also receive select content. If you would like to speak with John he can be reached at (888)325-8640 Thank you for reading! Last updated July 10, 2024

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Structured Settlements 4Real Reader Comments

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  • In my opinion, John Darer is an excellent consumer advocate in the insurance industry. When I had no one else to turn to after running up against the stone walls of these giant insurance company, John Darer used hours of his own time to investigate my situation. Not only is this an invaluable service to me the consumer but it is also of great value to the insurance industry by providing them consumer feed-back. This allows the insurance companies to correct their faults and move toward greater transparency which improves the overall public image of the insurance industry as a whole" JW 9/4/2014
  • John, Keep fighting the fight. -NASP member 12-4-2013
  • John...Thank you for your professional advice-Brandon 11-13-2013
  • "...Thanks to Mr. Darer's blog and personal pointers I was able to obtain a fair price for the sale of client structured settlement. Therefore, if one has no choice, but to sell their settlement educate yourself first before selling start by reading John's blog" Mr P. 11/17/2012
  • "I always appreciate when he (John Darer) keeps us informed on regs and rules. No one does it better"- structured settlement industry colleague and reader RY 7/26/2012
  • "Amen - and continued thanks for your vigilance, John"- RL 8/18/2011
  • "Thanks for writing these great blogs on your site John! As an individual investor I have learned so much about the secondary market (for annuities, structured settlements, lottery payments, etc.) from your blogs and video series!!!" (6/5/2011)
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  • John—this (video published 11/2010) is a well done piece. I like the way you always stick to the facts-AM
  • What a wonderful blog you have! I have completely enjoyed reading some of your posts (4/16/2010)
  • Thank you so very much for discussing my concerns about Symetra, my annuity company. I am amazed that PI attorneys as well as a settlement broker in San Diego, could not answer the simplest questions I had regarding the Safeco/Symetra issue. Your blog/web site is most interesting and informative, and I am grateful you have take on the "watchdog" role! Thank you so much again (3/25/10)
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  • "All the others that I had emailed & have seen on the net were "cash now types" & have no concern of me & just are looking for my $$$. When I came across your site & blog I realized that u are an upstanding guy & are not like others. That's why I emailed"
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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.
  • Number of States That Prohibit Payment of QSF expenses by licensed agents and brokers
    5 Survey not yet complete.

Comments and Trackback Policy

  • Comments and Trackback Policy
    Comments to this blog are encouraged, welcome and add spice to the interactive nature of blogs. However, the unscrupulous practice by some to deliver comment spam, to connect all manner of unrelated products to structured settlements, detracts from user experience, is NOT tolerated by this author and thus necessitates the practice of comment screening.

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Why Take a Structured Settlement?

  • A structured settlement offers guaranteed financial security to personal injury victims, wrongful death survivors and their families. A structured settlement involves a customized stream of payments, provides long-term stable tax-free income, for a period of years or a lifetime. Unlike other income annuities. a structured settlement annuity can have multiple payment streams to address multiple needs in a single contract.

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