by John Darer CLU ChFC MSSC RSP CLTC
A new website has popped up claiming to be "your no-nonsense online guide to structured settlements". It turns out that this is hardly the case.
The site structured-settlement-consultant(dot)com,which at time of publication is registered to Jim O'Neal (left), is pure structured settlement social media road kill. O'Neal's effort, or lack thereof, is simply a mish mash of items that O'Neal has grabbed off the Internet stuffed with pay per click ads and banner ads designed to make money for Jim O'Neal, but provide very little of value to the consumer of structured settlements as presented. Some of the material is an embarassing cut and paste job by someone who very clearly has no bona fides regarding structured settlements.
On Structured and Annuity Settlement Consultants
- "A structured settlement company will then purchase the method of paying the settlement over time called annuity which sends the payment to the plaintiff of the case which is fixed in time and amount."
- "There is a lot of resource companies in the industry. All of these companies are offering quick cash solution for their clients. Opportunity to sell annuity payments for immediate cash is presented". followed by a video featuring Settlement Professionals' Jack Meligan in his pink shirt. Then, straight from
,
- "The consultants may have brokered many cases in the past. The personalities in these companies are holders of certificates from universities".
On How to Acquire a Structured Settlement Quote
- Says "As an old saying goes, “Haste makes waste”. You may think that selling your structured settlement is easy as drinking diet Pepsi where you can satisfyingly burp after the last drop".
On Structured Settlement Purchasing and Selling
- O'Neal uses an LBN video interview of Texas lawyer Joe Jamail to support the selling of structured settelment payments, when the content of the video clearly reveals that Jamail very clearly acts to protect his clients in this area. Talk about "gagging a maggot off a meat wagon”!
On Choosing a Reliable Structrued Settlement Company Through the Right Broker
- Confuses the term structured settlement company with factoring company
- Posts an April 2009 LBN video featuring Mark Wahlstrom discussing the "survival of the planners" and the consolidation of the settlement market.
- Suggests that a wise seller (of structured settlement payment rights) work with a broker who is registered with the Department of Justice and one American state. Clearly gleaned from the minimum requirements to be an annuity broker for the United States, O'Neal doesn't appear to get the significance of what he read and is obviously ignorant to the DOJ's butt kicking prowess when it comes to attempts to sell United States owned structured settlements. Further brokers are not "registered with the Department of Justice", they are licensed with individual states and appointed with individual insurance companies.
I could go on about structured-settlement-consultant9dot)com, but the website is utter nonsense. Don't waste your time with a website created by someone apparently too lazy to learn about what he is writing about before slapping something together.
To aspiring writers such as Jim O'Neal. If you are thinking about writing on the subject of structured settlements, even if like O'Neal, to simply to line your pockets with pay per click revenue, how about offering something of value by contacting someone who knows something about structured settlements BEFORE you write?
Postscript
Jim O'Neal's wretched excuse for structured settlement information has been removed from the Internet.
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