by Structured Settlement Watchdog®
Catherine J. Byerly can never seem to get all the details right on structured settlements even though she writes for a high SEO value website that is a lead funnel for Conshohocken PA cash now pusher, CBC Settlement Funding.
CBC Settlement Funding doesn't seem to care about the accuracy or they would have cleaned up the inaccurate drivel that Byerly writes. So I'm going channel one of Catherine Byerly's teachers and grade one her pieces. Here goes:
"Structured Settlements are used by courts in many different types of cases to replace or supplement income that was lost through the fault of someone else. Since they’re conducted through a third party, it also means someone doesn’t consistently need to associate with the person or entity that wronged them". Structured settlements are used by parties in litigation or other legal disputes. The Courts role is where the settlement must be approved by the court. That is not always the case
"Structured Settlement Issuers*: [ none of these companies is a structured settlement issuer]
- Chronovo not an issuer, it's a structured settlement broker
- New York Life structured settlement annuity issuer
- Berkshire Hathaway subsidiaries are structured settlement annuity issuers
- AIG a holding company, its subsidiaries are structured settlement annuity issuers
- Prudential
- Liberty Mutual" does not issue structured settlement annuities, but a subsidiary Liberty Life Assurance Company of Boston does
* "StructuredSettlements. com has no relationship to any of the above listed issuers and is not engaged in the issuance of new structured settlement policies'. A true statement. Thank god!
"The structured settlement issuing companies function in a manor that shields owners as well " Lovely gardens too luv. High tea at 4, crumpets and petit fours will be served
"Structured settlements don’t affect an individual’s ability to qualify for other forms of aid.[ Baloney!] Meaning, if someone is set to receive a settlement, the money they receive from it does not affect their ability to qualify for Medicaid [Knockwurst!], Social Security and other disability benefits. The income from structured settlements is also shielded from taxes. This flexibility is why so many litigators recommend structured settlements to their clients rather than a lump sum payout after winning a case.'
Neither the structured settlement consumer nor the structured settlement industry needs people like Catherine J. Byerly and Annuity.org's ultimate sponsors CBC Settlement Funding, who care so little about the consumer and have such little pride in their work that they continually publish such poorly researched material over and over AND over again, from which CBC Settlement Funding derives financial benefits.
Shame on the National Association of Settlement Purchasers, of whom CBC Settlement Funding is a member, for not doing a better job of seeing that its members put out accurate information.
Seek structured settlement advice only from licensed financial consultants with relevant credentials.