Executive Life of New York: What's Going On?

New York State Supreme Court Nassau County Order to Show Cause December 17, 2010 by Hon. John M. Galasso,  concerning proposed orderly liquidation of ELNY estate and to continue payments to structured settlement annuitants and other annuitants. Download ELNYShowCauseOrderDec172010

Annual Report of the New York Liquidation Bureau for December 31, 2009 and 2008. Audited Statements including statutory basis balance sheets published July 28, 2010 Download Ny-liquidation-bureau-2009-annual-audited-report-Elny

Background Information on Executive Life of New York  ("ELNY")

Customer Service Telephone Number for Executive Life of New York     855-421-8850**

Note that for changes of beneficiaries/ address changes and changes of bank accounts for electronic funds transfer ("EFT"), you should contact Guaranty Association Benefits Company (GABC), in effect since the liquidation of ELNY in August 2013.

If you have previoulsy sold ELNY or GABC payments to a structured settlement factoring party for "cash now" and still have remaining payments, who you contact will depend on whether there is a servicing agreement in place. Start with GABC and go from there.

 

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Guide to Structured Settlements 2024

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Qualified Settlement Funds

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  • Firmwide Qualified Settlement Funds Debunked
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    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 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.
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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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