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February 03, 2022

AnnuityExpertAdvice.Com on Secondary Market Annuity is Just "Plummer's Crack"

by Structured Settlement Watchdog

Shawn Plummer's explanation of "secondary market annuities" is a floater, totally useless  

Any legitimate annuity expert would know that factored structured Plumbers Crack settlement payments are not an annuity and are not an insurance product.

Despite the clear evidence that:

  • the National Association of Insurance Commissioners does not consider factored structured settlement payments as annuity, or an insurance product [ Statutory Issue Paper NO. 160], Shawn Plummer continues to misinform on the subject
  • an increasing number of states adopting the NAIC Model Life & Health Guaranty Act it's clear that the same statutory protections do not apply to investors in factored structured settlement payment streams as they might to owners of legitimate annuities, why is it necessary for Plummer to clog up the information pipeline with misinformation?
  • Past and ongoing investor litigation over what Plummer refers to as secondary market annuity, makes the usage of "secondary market annuity" as a sales pitch irresponsible and even reckless. 

Six Examples of "Plummer's Crack" in a Single Post

  1. Refers to a television commercial as a secondary market annuity or SMA  No
  2. "Ever seen television commercials about instantly getting cash for annuity payments or “Sell My Annuity”?  This is called Secondary Market Annuities or SMAs" No
  3. "A secondary market annuity is selling an income annuity to a 3rd party company [(Annuity Buyers (sic)] for cash in exchange for annuity payments".    No as to structured settlements  
  4. "Basically, a secondary market annuity is selling your current income annuity (immediate annuity, deferred income annuity, structured settlement annuity, lottery payout) at a heavily discounted rate to an annuity buyer for a lump sum of cash" No as to structured settlements
  5. "Secondary market annuities are just income streams currently owned by private parties and resold to another private party" NO as to structured settlements
  6. The new private party will become the new owner of the annuity contract and the (sic) pocket annuity income distributions as a long-term investment".  No as to structured settlements

Three Secondary Market Annuity Examples That Shawn Plummer Gets Wrong

  1. Structured Settlements   No
  2. SMA  No
  3. Factored Structured Settlements   No

If you're going to call yourself an annuity expert and expect people to rely on you for "annuity expert advice", then get your facts straight.

Posted at 10:09 AM in SMA is Not an Annuity, Structured Settlement Derivatives, Structured Settlement Factoring News, Structured Settlement Investments, Structured Settlement Payment Rights, Structured Settlement Watchdog®, The Secondary Market Annuity Canard |

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Guide to Structured Settlements 2024

  • What is a Structured Settlement? What You Need to Know
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  • How Do Structured Settlements Work? How Structured Settlements Work
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  • 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].
  • Top Structured Settlement Annuity Companies 2024
    Which life insurance companies issue structured settlement annuities in 2024? 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 June 14, 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 2024
    Ways You Can Structure Your Settlement Payments in 2024. 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 Attorney 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 capped or uncapped index linked structured settlement annuities where payments are adjusted based on upside changes in the S&P 500 or another index, 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 in 2024.
  • 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 May 20, 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.

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