Structured settlements expert John Darer reviews the latest structured settlements news and information and provides expert opinion and commentary, including settlement planning issues/ ideas for settlement management, incisive Structured Settlement Watchdog® commentary that may be helpful to lawyers, plaintiffs, claims adjusters, judges, the news media, sellers and buyers of structured settlement receivables,and interested others. The style is spicy, informative, irreverent and effective. The most prolific structured settlements blog, Now in 19th Year! Check back daily for something new.
Independent Life Insurance Company was recently profiled in Insurance Assets Under Management (IAUM) about the use of Smart Systems with Structured Settlements
Smart systems refer to computer or electronic systems that integrate sensing, actuation, and control functions. These systems analyze data, make decisions, and perform actions in a predictive or adaptive manner. Their intelligence often stems from autonomous operation, closed-loop control, resource management, and networking capabilities
Other articles that may be of interest about Smart Systems and AI in Insurance
One of the most positive structured settlement product developments of a record breaking 2023 was the introduction of Prudential Income Advantage, an index linked structured settlement annuity.
Prudential Income Advantage is the third index linked structured settlement annuity currently on the market, following offerings by Pacific Life in 2014 and Independent Life in 2020. The Prudential Insurance Company of America, founded in 1875 and based in Newark New Jersey, is one is one of the oldest and largest life insurance companies insurance companies in America offers a fully domestic solution.
Increased Choices for Structured Settlement Consumers Regardless of Interest Rate Environment
This is great news for structured settlement consumers and beneficiaries, which include personal injury victims, wrongful death survivors, personal injury attorneys seeking structured attorney fees. Allocating to an Index linked structured settlement offers growth potential, downside protection and tax benefits.
Prudential Index Linked Structured Settlement Annuity Supported by Two IRS Private Letter Rulings
Prudential sought and obtained favorable IRS Private Letter Rulings to support Prudential Income Advantage. The two PLRs were issued on October 30, 2023. Click on the links below to view the PLRs.
1. PLR 109798-23 issued to Prudential's qualified assignment company
The Structured Settlement Industry got off to a great start in Q1 2023, with substantial increases over Q1 2022. The structured settlement industry saw its second straight quarter with in excess of $2B in production.
Summary
The structured settlement industry placed $2,069,165,084 of premium in Q1 2023.
This represents an increase of $904,770,552 or +77.7% Q1 YOY and the second straight quarter with industry production in excess of $2B.
Structured settlement industry case count totaled 7,180 in Q1 2023.
This represents an increase of 2,572 cases or +55.8% Q1 YOY
Average structured settlement premium per case was $288,185 in Q1 2023.
This represents an increase of $35,495 per case or +14% Q1 YOY Source: Matthew Ross
MetLife was the leading company in terms of Q1 2023 production with $584,900,000. MetLife structured settlement underwriting companies are Mettropolitan Tower Life Insurance Company and Metropolitan Life Insurance Company. The former is the primary underwriting company and the latter is the MetLife underwriting company that has been in business since the 19th Century, having been founded in 1868.
Pacific Life was the second leading structured settlement annuity issuing life insurance company, not far behind behind MetLife, with $513,699,241 Together MetLife and Pacific Life made up more than 50% of the undustry's Q1 2023 production, combining for more than $1B in production between them in Q1. Pacific Life writing companies include Pacific Life Insurance Company in all states except New York and Pacific Life and Annuity Company for all structured settlement cases with a nexus to New York (e.g. venue, parties).
In third place in terms of production was USAA LIfe, which exploded in growth, leaning into its sweet spot on long term structured settlement payouts with $357,000,000
In fourth was New York Life Insurance Company, with $222,229,672, founded in 1845.
IStructure, the first and only uncapped index linked structured settlement annuity issued by Independent Life Insurance Company (the only structured settlement annuity issuer that issues structured settlement annuities as its sole product line), is running at about 60% of Independent Life Insurance company sales according to company sources this author spoke with. Independent did $130,313,000 in Q1
Why Structured Settlements? Because Certain Sells®. We have solutions to deal with the thing that most people worry about the most.
Pacific Life is a Leading Issuer of Structured Settlement Annuities
On June 22, 2022, rating agency A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Pacific Life Insurance Company and Pacific Life & Annuity Company (collectively referred to as Pacific Life Group). The companies are leading issuers of structured settlement annuities, the latter company being Pacific Life’s structured settlement annuity issuer in the state of New York. Both companies are headquartered in Newport Beach, CA.
Additionally, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of the group’s intermediate holding company, Pacific LifeCorp (Wilmington, DE). AM Best also has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of Pacific LifeCorp. PacificLife Corp serves as the guarantor of Pacific Life and Annuity Services, Inc., the Missouri domiciled company that serves as the qualified assignee for periodic payment obligations under qualified assignments pursuant to IRC §130(c)and which purchases and owns Pacific Life structured settlement annuities as qualified funding assets pursuant to IRC §130(d)
The A.M. Best outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Pacific Life Group’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management (ERM). Pacific Life’s balance sheet is supported by a very strong level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and its history of positive earnings trends, which are supported by being one of the industry’s leading sales organizations in its key product lines. The favorable business profile assessment reflects its prominence as a leader in the affluent market segment.
Pacific Life offers competitively priced fixed structured settlement annuities, medically underwritten life contingent structured settlement annuities, index linked structured settlement annuities (ILAPA) and has a variable structured settlement annuity in development. Pacific Life & Annuity Company also issues structured judgment annuities in New York cases.
2022 marks the fifth consecutive year Pacific Life has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. Pacific Life was evaluated on five categories, including its ethics and compliance program; culture of ethics; environmental and societal impact; corporate governance; and leadership and reputation. The Ethisphere Institute, which honors companies demonstrating exceptional ethics-focused programs and practices. Pacific Life was one of 11 insurance and financial service industry honorees.
We're pleased to have a business relationship with USAA Life Insurance Company . The San Antonio based USAA was founded June 20,1922 by a group of soldiers to take care of their own. Over the years the USAA customer base has explanded.
USAA Structured Settlement Annuity Issuer
Today the A++(Superior) A.M. Best rated insurer has become a highly respected issuer of structured settlement annuities for a wide spectrum of claimants, particularly competitive for use as a qualified funding asset to fund long duration cash flows as payment of damages in on personal physical injury, physical sickness and wrongful death in medical malpractice, aviation, trucking, maritime and other types of legal settlements.
USAA ranks 25th on Fortune’s2022 list of the world’s most admired companies. The ranking is based on the magazine’s poll of about 3,700 corporate executives, corporate directors, and business analysts.
USAA ranks 96th in the 2022 US Fortune 500 and 330th in the Global Fortune 500.
USAA is one of the Wards 50 Life & Health Insurers for 2021 (29 years).
Watch a short video about the history of USAA, immediately below
Could insurance companies, including those that issue structured settlement annuities, offer more to their customers if a 27-year-old revenue sapping regressive Federal tax were abolished?
The Deferred Acquisition Cost Tax (DAC Tax), introduced with the Revenue Reconciliation Act of 1990 which established IRC 848, is a federal tax on insurers [ including insurers that issue structured settlement annuities} that does not allow insurers to immediately deduct expenses incurred in putting business on the books,
What's the FAQ DAC?
even though the expenses are actual. These expenses often exceed the premiums paid in the early years of different types of insurance. Therefore, insurers are taxed on the premiums paid before any profits are made. This is a phantom tax on nonexistent money. The formula artificially inflates the taxable income of insurers for the current year by deferring expenses to future years. In theory, after an insurer starts to recoup the deferred expenses, a credit is issued toward the current year’s tax bill, which is inflated as a result of the current year’s DAC. However, the only way for the insurer to even approach break even is to stop growing.Otherwise, the dissipation of surplus restricts an insurer’s ability to write new business and it reduces funds needed for product development.
Contrast this with modified cash basis accounting required by state regulators. Statutory accounting is a modified cash basis of accounting. Expenses are written off when paid, whether the asset is admitted or not.
The impact of this growth-inhibiting, regressive tax on smaller companies is dramatic, according to the National Alliance of Insurance Companies. This tax policy has disproportionately retarded the growth of the smaller insurers. These companies have the ability and need for greater growth than the larger companies. While larger companies, which have mature surpluses, may opt for a slow growth or no-growth strategy in order to counter the effects of the DAC Tax, this option is not available to smaller companies. In fact, some small companies are paying Federal Income Tax well in excess of 100% of statutory income says NALC.
A comment appearing on the Actuarial Outpost boils it down nicely: "Taxes impact earnings which impacts the amount of money you have to invest. By paying more taxes earlier there is less money to earn interest on, and the effect is cumulative".
In an environment where government seems to want to cut taxes and create jobs and growth, it seems that this is a worthy button to push.
If have the urge to explore your inner geek, you may find the Society of Actuaries Federal DAC Tax to be a helpful read, with a little espresso.
Income Stream Exchange, The Annuities Exchange, Settlement Exchange are some of the websites that purport to be structured settlement exchanges but wholly mislead consumers because they are not true exchanges.
What is an Exchange?
1. An exchange is a marketplace in which securities, commodities, derivatives and other financial instruments are traded. The core function of an exchange is to ensure fair and orderly trading, as well as efficient dissemination of price information for any securities trading on that exchange. Exchanges give companies, governments and other groups a platform to sell securities to the investing public. Such exchanges and its participants are regulated.
Before we left the meeting, she and I exchanged phonenumbers(= I told her mine and she told me hers) [ source: Cambridge Dictionary]
If you merely operate a storefront, peddling the rights acquired by one company or a group of related companies or brands, it is not an exchange.
It is clear that when you sell structured settlement payment rights through any of these scam labeled exchanges that you are not changing something for something else of a similar value or type.
Some examples of the websites and/or entities being marketed as settlement exchanges or structured settlement exchanges:
The Annuities Exchange,started by Michael Borkowski, formerly of Access Funding and its "reincarnation" Reliance Funding, with those entities and Borkowski personally, each a Defendant in multiple law suits stemming from the Baltimore City lead paint victim exploitation that came to the fore after the death of Freddie Gray and the award winning coverage by Terrence McCoy in the Washington Post.
Income Stream Exchange, started by convicted felon T Allen Dyer (a/k/a Todd Dyer) AFTER having alreadyserved jail time for various financial crimes. including fraud and a Ponzi scheme) and was recently sentenced to 15 years in jail for additional financial crimes. After scathing news appeared about him in The Milwaukee Journal Sentinel in 2015 (also reported by me here), Dyer emailed me to tell me that he no longer has an interest in the website (being marketed as an exchange, an unregulated exchange). Yet despite a travel ban prior to sentencing, Dyer pleaded to the judge to be able to go to California to consult on Income Stream Exchange.
It's bad enough that there is no licensing requirement or regulatory oversight dealing with how consumers and investors are solicited, but to insinuate an structured settlement exchange and what that implies to both investors and consumers is ludicrous.
In its January 12, 2016 press release Met Life announced that it was going to spin-off of a substantial portion of its retail life and annuity US Retail segment.
The latest development is that individual, group life, disability and annuity products will be branded under a new name, Brighthouse Financial.
Metropolitan Life Structured Settlements Not Affected
This will not impact new structured settlements, which will still be issued via Metropolitan Life Insurance Company, an A+ XV life insurance company in existence since the mid 19th Century.
Reinsurance and Travelers Legacy Payees will be Paid by New Brand
Payees under certain reinsurance, including that used for structured attorney fees and legacy structured settlement annuities through what was formerly known as MetLife insurance Company of Connecticut, which itself was a re-brand when MetLife acquired Travelers Life & Annuity in 2005, will soon see payments using the Brighthouse Financial brand name.
Payees of Structured Settlements under the New Brighthouse Financial Call Same Customer Service Toll-free Number As MetLife For At Least 3 Years
As part of a servicing agreement calls, payees under Brighthouse Financial can still use the same toll-free number that they have been using for MetLife, namely 800-427-9409. It is my understanding that the agreement is in place for at least three years after which there is an option to renew.
A formal letter will be sent to policyholders and annuity payees that will be now be receiving payments under the Brighthouse Financial brand in the coming weeks.
For more information MetLife/Brighthouse Financial has a toll free number for questions concerning the transition877-638-3932
The life insurance companies that issue structured settlement annuities or periodic payment reinsurance are perennially among the world's largest and most admired corporations.
Prudential Financial is the 2nd most admired life insurance company in the world according to the 30th anniversary survey of Fortune's World's most admired companies. Pru's subsidiary, The Prudential Insurance Company of America underwrites and issues structured settlement annuities.
Berkshire Hathaway was not only the top in the P&C insurance industry sector, it also made the global top 10, coming in at 8th. Berkshire Hathaway subsidiaries, Berkshire Hathaway Life Insurance Company of Nebraska, First Berkshire Hathaway Life Insurance Company, National Indemnity Company, Columbia Insurance Company and BHG Structured Settlements, Inc. participate in the structured settlement marketplace
Other companies whose subsidiaries are current and former structured annuity issuers include:
Mass Mutual, New York Life and MetLife ranked 3rd, 4th and 5th respectively in the life insurance sector that includes annuities
At the time of original publication, Liberty Mutual was ranked 7th in the P&C sector. Liberty Mutual and its subsidiary Liberty Life Assurance Company of Boston participate in the structured settlement marketplace and through its relationship with BARCO Assignments Ltd., was the only annuity funded non qualified structured settlement program in the marketplace.
According to its website, Fortune started with approximately 1,400 companies: the Fortune 1,000 -- the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune's global 500 database with revenue of $10 billion or more. We then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 687 companies from 30 countries. To create the 57 industry lists, they partnered with the Hay Group, which asked 3,800 executives, directors, and analysts to rate companies in their industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.
Another structured annuity issuer is to leave the market. I heard the rumor last week and that has been backed up by an email today. John Hancock Life Insurance Company and John Hancock Life Insurance Company of New York will cease writing structured settlement annuities effective March 8, 2013.
Is the world coming to an end? Not at all. Consolidation is normal in business markets. It is business as usual, with the exception of the single claimant QSF market, which will effectively be dead.
John Hancock is a major insurer who has just made a business decision to withdraw from a particular line of business. The company is not going out of business and will honor its commitments to existing structured settlement annuitants.
To our friends employed there who are waiting for the shoe to drop, we wish them well as they make their transition
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
How Do Structured Settlements Work? How Structured Settlements Work 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 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.
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.
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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STRUCTURED SETTLEMENTS 4REAL® Blog Is a Popular Source of Structured Settlement News, Information and Commentary, John Darer Reviews, Settlement Planning News and Financial Solutions for over 18 years,
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.
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Last updated July 10, 2024
New York City Structured Settlement Experts Bridge building settlement consultants who collaborate with clients using a humanistic process, providing creative and reliable advice and support for litigating parties and their lawyers with matters in Courts throughout the New York City metropolitan area
New York Structured Settlement Expert Whether you're at the crossroads of the world or the crossroads of your life, structured settlements provide stability for when life is at a crossroad. Call 888-325-8640
New York Settlement Planning Expert for NY Attorneys and Residents - YouTube New York settlement expert John Darer's comprehensive approach to Settlement Planning helps New York personal injury lawyers and their clients move through the financial transition resulting from a major life event. CPLR Articles 50A and 50B expertise for New York lawyers
New York Structured Settlement Expert Useful information and ideas about structured settlements, settlement planning and litigation recovery managements for New York residents, New York Lawyers and New York judges
New York General Obligations Law §5-1702 The New York Structured Settlement Protection Act imposes mandatory requirements on the defendant or the defendant's legal representative when a structured settlement is created (as part of the resolution of a case)
Structured Settlements v Structured Judgments Often confused by writers on the Internet, but there IS a difference between structured settlements and structured judgments under CPLR Articles 50A or 50B. Find out more...
Connecticut Structured Settlement Experts 4structures.com LLC is based in Stamford CT and Connectict works with clients all over CT, Greenwich, Stamford, Darien, New Canaan, New Haven, Hartford, West Hartford, West Haven, Torrington, Danbury, Wilton, Ridgefield, Norwalk, Midletown, New London, Westport, Oxford, Stratford, Old Greenwich, Stafford, Storrs, Groton
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In my opinion, John Darer is an excellent consumer advocate in the insurance industry. When I had no one else to turn to after running up against the stone walls of these giant insurance company, John Darer used hours of his own time to investigate my situation. Not only is this an invaluable service to me the consumer but it is also of great value to the insurance industry by providing them consumer feed-back. This allows the insurance companies to correct their faults and move toward greater transparency which improves the overall public image of the insurance industry as a whole" JW 9/4/2014
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John -
I can't thank you enough for bringing this to my attention. In my wildest dreams... PJ-May 12, 2011
John, I love reading your blog! Not only have I found very useful information there, but the comedy is much appreciated! Thanks for talking about "the big pink elephant in the living room" that everyone else ignores!
Thank you again for your help via phone and blog! I really needed to hear what you had to say today! BM 11/23/2010
John—this (video published 11/2010) is a well done piece. I like the way you always stick to the facts-AM
What a wonderful blog you have! I have completely enjoyed reading some of your posts (4/16/2010)
Thank you so very much for discussing my concerns about Symetra, my annuity company. I am amazed that PI attorneys as well as a settlement broker in San Diego, could not answer the simplest questions I had regarding the Safeco/Symetra issue. Your blog/web site is most interesting and informative, and I am grateful you have take on the "watchdog" role!
Thank you so much again (3/25/10)
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I heard a radio ad for the Peachtree Settlement Fund as I was driving into work this morning. (San Francisco Bay area.) I decided to check it out on the Internet and came upon your blog. Thank you very much. I do not have a “structured” settlement,
"All the others that I had emailed & have seen on the net were "cash now types" & have no concern of me & just are looking for my $$$. When I came across your site & blog I realized that u are an upstanding guy & are not like others. That's why I emailed"
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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.
Number of States That Prohibit Payment of QSF expenses by licensed agents and brokers
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Comments and Trackback Policy
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Jay J. Sangerman, PLLC A New York and Florida based AV rated estate planning law practice with an emphasis in Supplemental Needs Trusts, which assists attorneys in efficient case settlement though the use of Supplemental Needs Trusts and Special Needs Trusts; and Elder Law
Day Pitney LLP - People - Keith Bradoc Gallant Brad's practice includes traditional trust and estate planning and administration, special needs and disabilities planning, planning for same-sex couples and their families, planning for incapacity, and all types of probate litigation.
Helpful Structured Settlement Information is Here!
Learn more about structured settlements by reading structured settlement expert John Darer's blog
Researching Structured Settlements? It may be helpful to check (1) in Archived Blog Posts (above left); (2) use the Google search box (below); (1) visit the 4structures® website at https://www.4structures.com, (4) visit 4structures® Structured Settlement Experts YouTube Channel by clicking https://www.youtube.com/user/4structures1, or (5) call settlement expert John Darer® at 888-325-8640, toll-free in the USA, 646-849-1588 in New York City, or 203-325-8640 in CT, or from outside the USA.
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The John Darer® authored Structured Settlements 4Real® blog is the most prolific structured settlement blog, providing information, commentary and opinion since 2005 with over 5,420 blog posts, and counting!
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.
London Market Structured Settlements Experts Bridge building settlement consulting using a humanistic process, providing creative and reliable support for London Market Insurers, Lloyds Syndicates, Claims Professionals and Lawyers
New York Structured Settlement Experts Bridge building settlement consultants who collaborate with clients using a humanistic process, providing creative and reliable advice and support for litigating parties and their lawyers.
FactCheck.org nonprofit "consumer advocate" for voters that Aims to reduce the level of deception and confusion in U.S. politics. They monitor the factual accuracy of what is said by major U.S. political players in the form of TV ads, debates, speeches, interviews and news releases.
NYC 9-11 Health The World Trade Center Health Registry is now the largest registry in U.S. history to track the health effects of a disaster. The federally funded program is information central for first responders and others with health issues from 9-11
Comments and Trackback Policy