by Structured Settlement Watchdog
Greetings from the H.M.S. Clue Store
Jacob Adler of the Spring Valley NY, the self described “C/O of Annuitycasher(dot) com” has again delivered a master class in why “care of’ Adler” is not a reliable source of structured settlement information.
A screen shot captured from Annuitycasher(dot)com on November 20, 2016 , ironically labeled ‘Standards” reveals the very substandard effort of Jacob Adler to explain structured settlements with annuity funded payments.
Adler’s bogus explanation of structured settlement process is comprised of 3 steps that wouldn’t be deemed kosher by the IRS
- Injury victim claims recovery
- Defendant’s insurance funds annuity, assigns reliabilities to annuity issuer
- Annuity Issuer buys structured settlement annuity from life insurance company, issues periodic payments to claimant.
Why Jacob Adler’s explanation of the structured settlement process is an epic fail
- If the injury victim claims the recovery there can be no structured settlement
- The cart does not come before the horse. Assignment comes before annuity purchase in the majority of structured settlements
- Whether there is a “qualified assignment” or a “non qualified assignment” there is an assignment of an obligation to pay periodic payments not an “assignment of reliabilities”, whatever the heck that means.
- Structured settlement annuities are issued by life insurance companies. the annuity issuer is therefore a life insurance company. Adler’s explanation is that the annuity issuer buys an annuity from itself. Wrong.
Adler even incorporated a Pinterest pin tag option for this piece of structured settlement ‘treif”.
Structured Settlement Treif Served Up By Jacob Adler of AnnuityCasher.com