by Structured Settlement Watchdog®
Judging by his "How Structured Settlement Annuities Work" posted on Ezine, Marc Andrews is yet another example of people who are in over their heads, who appear to lack both a fundamental understanding of structured settlements and the ability to articulate it.
"Marc Andrews is in the structured settlement industry and has been a financial advisor to countless people in tort lawsuits" Oh dear!
What is Dumbest Things Written About Structured Settlements?
Dumbest Things Written About Structured Settlements is ongoing commentary which highlights the issue of useless writings that clutter the Internet and mislead consumers. We hope that by holding individuals accountable for spreading misinformation, writers will be encouraged to conduct better research, avoid taking shortcuts, and consider the impact of their words on consumers before publishing content about structured settlements.
General Comments
- Who is Marc Andrews? Despite his claim of being "in the structured settlement industry," I've never heard of this guy (and trust me, I’m plugged into the grapevine). To top it off, a search on the National Structured Settlement Trade Association (NSSTA) and Society of Settlement Planners (SSP) websites doesn’t list Marc Andrews as a member.
- Ezine has previously shown itself as an unreliable source of information on structured settlements. They take any one who writes; there is no real screening process even through the writers are mischaracterized as "experts", by default.
Dumb Statement 1 "If you have been into legal battles, especially when you are up against big corporations, the situation is most likely to end up with something like a structured settlement annuity"
Comments:
- The Situation is a guy with chiseled abs from the show Jersey Shore who hangs out with a feisty character named Snooki.
- The Internal Revenue Code Section 130(d) DOES NOT refer to "something like a structured settlement annuity" It's either funded with a structured settlement annuity or an obligation of the United States government.
Dumb Statement 2" If you are not familiar with the term, the structured settlement annuity is a financial arrangement and sort of an insurance that you will be paid accordingly".
Comment: A structured settlement is a financial arrangement. A structured settlement annuity is an insurance product
Dumb Statement 3 "This makes it easier for the other party to pay up even when the amount is so high because they are not required to come up with a lump sum".
Comment: A structured settlement requires the paying party to come up with with the cost iof the structured settlement annuity in cash.
Dumb Statement 4 With the advent of paying cash for structured settlement payments, both parties will be in a win-win situation. The one who will pay can do it easily by opting for structured settlement annuity and you will get what you rightfully deserve.
Comment: Isn't the topic "How Do structured settlement annuities work?
Dumb Statement 5 "The concept of accepting cash for structured settlements was first practiced in countries like the United States and Canada.As of today, this idea that may even lead to selling structured settlement is included on the statutory tort law in various common law nations like the US, Australia, England and Canada".
Comment: For $200+ you too can have Pat Hindert's text book. Apparently it's a whole other thing to show you comprehend what you've read.
Dumb Statement 6 "If you are the injured party, you are the claimant in this case. The insurance carrier in this scenario is the defendant".
Comment: Unless your litigation is Louisiana, the insurance carrier is not a Defendant 
Dumb Statement 7 "You will drop the charges against the defendant and they will pay the agreed amount on a series of payments that can be done periodically or resort to companies that will offer to purchase structured settlement".
Comments: "Dropping the charges" is a term typically associated with criminal cases. Personal injury litigation, on the other hand, is a civil matter. Defendants in such cases do not engage with companies that purchase structured settlements.
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