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.
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!