Investors in structured settlement payment rights should be alert to the fact that one supplier of such payments is now listing the payments as "projected" as opposed to "guaranteed", the label for all other purchase opportunities.
Even though such opportunities offer projected yields in the neighborhood of 6% for short term duration cash flows, the change is both notable and telling about the uncertainty about what's left of the ELNY estate.
A question that Patrick Hindert raised 3 years ago at an NSSTA meeting in Austin Texas about whether investors in structured settlements have the same protections as annuitants is clearly germane to those "bottom fishing" today.
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