by Structured Settlement Watchdog
S2KM's flaccid swing at structured settlement history ignores Treasury Funded Structured Settlements and follows the trend of gap toothed
time lines fashioned by the Terrace Park pedant such as the AIG structured settlement timeline S2KM published in September 2008.
Incredibly at the same time Hindert is promoting an alternative, to a business model that barely exists today, S2KM's structured settlement history timeline has ignored significant pieces of structured settlement history:
- According to one of this author's respected former colleagues, a United States Treasury Bond structured settlement was part of the resolution at least one claim emanating from the American Airlines DC10 crash in Chicago which occurred May 25, 1979.
- The Schultz Brothers were pioneers of Treasury funded structured settlements. Would an aviation history chart be complete without the Wright Brothers?
- IRC 130(d), in effect since January 1983, permits obligations of the United States government as a "qualified funding asset". HIndert only mentions "annuity financing" in S2KM's chart.
- The following Life Insurance Companies offered United States Treasury Bond Structured Settlements over the years: GE Capital, New York Life, Allstate
- The Halpern Group received a IRS Private Letter Ruling on its United States Treasury Bond Structured Settlements in 1996 and still offered the product at time of publication.
Why does S2KM (Hindert) continually cite the flawed "structured settlement history" chart on which he collaborated with Phil Burtoft?
This was most recently cited in S2KM's "Settlement Consulting-4"
Link to S2KM (Patrick HIndert) flawed structured settlement history chart which was designed apparently to promote factoring or transfer of structured settlement payment rights (see tags on right side of the chart).
Leave a Reply