by Structured Settlement Watchdog
"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
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.
What's Wrong Wit Dat?
- 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.
- 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).
- 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 settlement I've previously offered to proof read Annuity.org articles, but so far they have not taken me up on it.