by John Darer® CLU ChFC MSSC RSP CLTC
While most people put a lime in their Corona, THIS "Corona" is a lemon.
Our research suggests that Corona Capital of Lewes Delaware is a small time broker in the structured settlement factoring market saying some big words about insurance companies that have no factual basis, in an effort to possibly convince unsophisticated annuitants to sell for bigger discounts.
Corona Capital Misrepresents That Insurers Can Go Bankrupt in Order to Get People to Sell
"The insurance company that issues your annuity is also an important factor in determining how much your structured settlement is worth. If they are in the news due to economic troubles or flirting to go bankrupt then those payments will be worth less to a potential investor and may actually not be sold at all".
"There are a few insurance companies that have even gone bankrupt"
Our readers know that generally, insurance companies cannot go bankrupt under the law.
Is Corona using this misrepresentation to convince annuitants to accept higher discount rates and sell more of their structured settlements than need be.
Other advertising claims by Corona:
"You will find a number of organizations that pay for structured settlements, nonetheless, quite a few charge preposterous rates". (TRUE)
The company then advertises "get the most money for your structured settlement or annuity with Corona Capital" Our resource suggests that Corona is seeking a bigger margin for investors than the lowest discount rates to annuitants available in the market. Annuitants may be able to do better than the rates offered by Corona Capital by shopping around.
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