Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

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The STRUCTURED SETTLEMENTS 4REAL® Blog is a highly regarded source for structured settlement news, information, and commentary, led by structured settlement and settlement planning subect mater expert John Darer CLU ChFC MSSC CeFT RSP CLTC. With two decades of operation, the blog and 4structures.com are recognized as comprehensive resources, offering detailed guides and specialized insights. Established in 2005, the blog caters to a broad audience, including legal professionals, injured individuals, families, and various stakeholders, providing reviews and opinions on settlement planning. John Darer, President of 4structures.com LLC, is a seasoned structured settlement expert with over 40 years of financial services experience and 31 years specializing in structured settlements. Based in Stamford, CT, he is a Certified Financial Transitionist and Registered Settlement Planner, holding insurance licenses in 45 states and the District of Columbia. John Darer is dedicated to transparency and advocacy, he emphasizes the importance of engaging trained and licensed professionals for settlement planning, offering valuable insights through his investigative journalism and professional commentary.

Genworth Suspends Sales of Life Insurance and Annuities | Beware of Cash Now Vultures!

February 5, 2016

by John Darer® CLU ChFC MSSC RSP CLTC

Genworth Suspends Sales of Life and Annuity Products

Genworth announced in a February 4, 2016 news release that it has “decided to suspend all sales of traditional life insurance and fixed annuity products in the first quarter of 2016 given the continued impact of ratings and recent sales levels of these products.” Genworth quickly moved to reassure customers and agents that this will not affect in-force policies.

Read the Genworth announcement here Download Genworth 2-4-2016 announcement from CEO re suspension of life and annuity sales and outlook

Read the Genworth earnings release here

Long Term Care Losses Drive the Pressure

Much of Genworth’s troubles stem from its Long Term Care portfolio where claims have exceeded expectations. Genworth is the largest writer of long term care insurance in the USA. The company is seeking potential restructuring solutions to isolate the business segment

Genworth’s Structured Settlement Legacy

Genworth and its predecessor companies wrote structured settlement annuities until August 26, 2006. Genworth was a 2004 spin off from a GE Capital Corporation subsidiary called GE Financial Services

Former Structured Settlement Issuers Folded Into Genworth

First Colony Life Insurance Company
American Mayflower Life Insurance Company
GE Capital Life Insurance Company
GE Capital Life Assurance Company of New York
United Pacific Life
Federal Home Life

CASH NOW VULTURE ALERT!

Genworth Annuitants Are Prime Targets

Cash now for structured settlement vulture target Genworth annuitants

Cash now operators are highly likely to target Genworth annuitants. This “snotty nose little parrot dropping” and his cash now for annuity friends want to get beaky with your structured settlement and rip it apart. Don’t let them make you a victim!

Annuitants who are receiving structured settlement payments from Genworth Life companies are highly likely to be targeted by the vultures of the structured settlement secondary market seeking to “help them out”.

Genworth annuitants may be harassed by:

phone calls
mailers
calls to their private cell phones
other intrusive tactics.

Protect Yourself: Seek Licensed Advice Only

The best thing a Genworth annuitant can do is seek advice only from:

a licensed insurance agent or agency, or
a licensed financial adviser (preferably the one who placed the business)

Always ask for proof of licensing or verify through your state insurance department’s producer lookup. These professionals generally do not have the conflicts of interest that cash‑now vultures have.

A Pattern of Predatory Targeting

Who the Vultures Have Stalked Before

Vultures in the structured settlement secondary market have made huge profits stalking and preying upon annuitants from:

AIG subsidiaries (2008) — immediately after the U.S. government bailout. AIG is still standing, with strong surplus reserves, and continues making payments.
John Hancock and Allstate — when those companies merely stopped writing new structured settlements. Both remain solvent and continue paying.
Rising‑interest‑rate scare cycles (starting 2009) — which did not materialize, but still triggered fear‑based sales that caused needless financial losses.

Bottom Line

Genworth’s suspension created the perfect storm for opportunists.

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