Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
The STRUCTURED SETTLEMENTS 4REAL® Blog is a highly regarded source for structured settlement news, information, and commentary, led by structured settlement and settlement planning subect mater expert John Darer CLU ChFC MSSC CeFT RSP CLTC. With two decades of operation, the blog and 4structures.com are recognized as comprehensive resources, offering detailed guides and specialized insights. Established in 2005, the blog caters to a broad audience, including legal professionals, injured individuals, families, and various stakeholders, providing reviews and opinions on settlement planning. John Darer, President of 4structures.com LLC, is a seasoned structured settlement expert with over 40 years of financial services experience and 31 years specializing in structured settlements. Based in Stamford, CT, he is a Certified Financial Transitionist and Registered Settlement Planner, holding insurance licenses in 45 states and the District of Columbia. John Darer is dedicated to transparency and advocacy, he emphasizes the importance of engaging trained and licensed professionals for settlement planning, offering valuable insights through his investigative journalism and professional commentary.
Biggest Lies Told by Buyers of Structured Settlement Payments
There are no hidden fees
That’s a pretty good deal, maybe I can give you $500-$1000 more
The quote annuitants receive represents the full amount
You can get all of your money now
You’ve got a step-grandmother you haven’t seen in 20 years living in Tarpon Springs? Then You live in Florida my bruh!
Sell your structured settlement and you can get 11% with…
Selling Structured Settlements for Maximum Lump Sum Payouts ( by a company that shafted a Long Island NY man for over $1 million)
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The originator will probably not let you know what they are making. It is not unheard of for even a purportedly staunch plaintiff advocate to buy structured payments from an annuitant and then make a significant profit spread when the payment rights are resold to investors.
Without knowing the profit spread you can be scammed into think you are getting a good deal, but the $500-$1,000 extra vig to you could still leave a lot of fat in the deal. One source indicated that of the deals they see there’s a 70% chance there’s at least $10,000 of fat in the deal and a 50% chance there’s at least $100,000 of fat in the deal. The Cedric Martez Thomas case involving Novation Funding and the Lauren Nesbitt case involving Seneca One are two examples of cases I’ve covered here where the financial rape was in excess of $1 million!
The “quote annuitants receive” is never the full amount, it is net of the spread, which may or may not be disclsoed.
You can never get all of your money now, or ever.
Forum shopping with structured settlement factoring may be illegal. And if you are victimized the presiding judge may be prejudiced by your participation in the fraud.
Scam that has been used by a number of South Florida structured settlement factoring companies. The 11% rate is a total scam. No investment adviser, much less an unlicensed unregistered huckster at a factoring company can legally promise any rate. That a company uses the scam rate to induce an unwitting annuitant to part ways with their valuable asset for pennies on the dollar is at the heart of the scam.
Novation Funding’s scam marketing claim that was invalidated forever by the tragic financial rape of Cedric Martez Thomas in October 2015 for in excess of $1 million profit spread.
Biggest Lies Told by Peddlers of Factored Structured Settlement Receivables
A “Secondary Market Annuity”
A ” Secondary Market Income Annuity”
” SMA”
“SMIA”
“May be covered by state guaranty funds but no warranties or representation are made in this regard”
“These are life insurance products”
Interested in these “super bonds”?’
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1-4. They’re all lies because what they are selling is not an annuity. It’s an engineered term used by licensed insurance agents who know what an annuity is and choose to ignore the truth for marketing purposes to make a buck off investors.
5-7. In John T. Bair’s March 12, 2020 published claim, with his Director of CrowFly, LLC factoring origination hat on, ” Can Recycled Structured Settlement Annuities Replace U.S. Treasuries in Your Portfolio?”, Bair recklessly claimed “These assets are life insurance products, guaranteed by the issuer, and in most states by the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA). Are these regulatory safety nets as good as Uncle Sam?” Bair unfortunately tells multiple lies that misinform potential investors and reflect poorly on himself and his company.
Factored structured settlement payment streams are not annuities according to the National Association of Insurance Commissioners and even some of CrowFly’s structured settlement tertiary market competitors.
Factored structured settlement payments streams are not super bonds. Bonds are securities, not insurance products. Insurance products are generally not securities. Variable annuities are securities and under FINRA’s jurisdiction.
Bair then undermined his own lies, in my opinion, by (1) lying about statutory protections and (2) who provides them. If they were insurance products as he claims, there would be a prohibition on discussing the statutory protections in his blog solicitation of investors.
Why someone who engages in cocksure preening about ethics would leave themselves exposed in such a way raises an eyebrow to say the least.
