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May 08, 2022

Clueless Annuity.org Whiffs on Workers Comp Structured Settlements in Latest CBC Shill

by Structured Settlement Watchdog

Despite citing two articles published by the National Structured Settlements Trade Association in 2013 and 2016, The Annuity.Org   "All-Star Team" of Alanna Ritchie Staff Writer, Emily Miller Managing Editor and Thomas Brock CFA CPA, Financial Reviewer, somehow managed to flunk, badly, again.

"Workers’ compensation payments from structured settlements guarantee a long-term source of tax-free income. About a third of workers’ compensation cases result in structured settlements over a cash lump sum. Currently laws in 20 states restrict the sale of workers’ compensation annuities."   -Alanna Ritchie Annuity.org  April 25, 2022

What's Wrong Wit Dat?

  1. Structured settlement annuities cannot be sold in any state because the potential sellers that Annuity.org is trying to attract do not own such annuities.   Therefore, they cannot sell such annuities.

  2. If you're going to shill for a structured settlement factoring company, at least know what they are actually buying ( i.e. structured settlement payment rights" not structured settlement annuities).
  3. CBC Settlement Funding continues to patronize Annuity.org and in continuing to patronize them, in my opinion, is (as it has been) a sponsor of misinformation to consumers.

Ironically, Alanna Ritchie's follow up article on May 2, 2022 was titled "Financial Literacy".  Part of my mission as Structured Settlement Watchdog is to give consumers the clearest path to accurate information about structured settlements. I've previously offered to proof read Annuity.org articles, but so far, they have not taken me up on it. 

 

Posted at 07:24 AM in Annuity.org | Sweeping Up Poor Annuity.org Research, Misinformation About Structured Settlements, Structured Settlement Watchdog®, What's Wrong Wit Dat? |

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Guide to Structured Settlements 2024

  • 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
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    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
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  • 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.
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    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 .
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  • 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.
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    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon
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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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Why Take a Structured Settlement?

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