by Structured Settlement Watchdog®
Randall Shatto’s definition of “structured annuity” on AnswerBag.com, which is surprisingly listed as a “professionally researched Great Answer,” is woefully inadequate
Here’s what Randall says:
“A structured annuity is money you receive because of a settlement from a life insurance company or Treasury Bond Trust. When 
you are injured, you may obtain a payment settlement. This typically comes in the form of payments. If you use a life insurance company or the Treasury Bond Trust, you will receive your payments on a regular basis”.
Comments:
- Payments from a Treasury Bond Trust are NOT a structured annuity
- If you receive payments from a structured annuity it is not because you settled with a life insurance company or Treasury Bond Trust.
- Technically you can also receive payments “from a structured annuity” if you have purchased structured settlement payment rights from someone else.
- An annuity is issued by a life insurance company
- There is no such thing as a “payment settlement”. You may settle for a lump sum, periodic payments of a variety of different types or a combination with such payments being made to a variety of different types of payees (e.g. Special Needs Trust, Spendthrift Trust, to you personally)
- Payments can be regular or irregular
This author submitted the following answer to the question “what is a structured annuity?” at AnswerBag.com
“A structured annuity is a type of qualified funding asset used to fund the payment of damages. A structured annuity is fully customizable allowing for many different types of payment streams. More than one payment stream is possible and can include immediate and deferred elements. Structured annuities are offered through a limited number of life insurance companies through specialists who are appointed brokers and agents.
John D. Darer, CLU ChFC CSSC RSP
4structures.com, LLC”
Randall Shatto’s “bona fides” on structured annuity was “cemented” with historical posts on:
- How to Download Chinese Songs
- How To Remove Peeling Skin From A Sunburn
- How Do I Reset A Gateway BIOS Password
- How To Clean a Leather watchstrap
- How to Clean My Rabbit
A New York Post headline on the situation might conceivably read something like this:
No Patto on the Backo For Bull Shatto!
It’s not that I mind that people outside of the industry try to feign expertise, but at least they can do the frickin’ homework.
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