by Structured Settlement Watchdog®
ISettlements, a brand of 123 Lump Sum, shoots itself in the foot by hiring bargain-bin content generators.
It’s easy to make fun of “poo stew”” like its infographic “How Do Structured Settlements Work?”
For example…
The ” Toasted Almond”
“You Sue the Insurance Company” No, you sue the defendant
“The Strawberry Shortcake”
The “Strawberry Shortcake”
“Over $6 million is paid each year to fund new structured settlements” Technically true but Isettlements’ number, which is coincidentally about 65% of the market cap of its biggest competitor JG Wentworth, is way off. The number is actually just under $6 Billion!
The Birthday Cake”
“37,000 Americans use structured settlement money every year” Define “use” and Fact check.
The King Cone”
“Be aware that selling off an annuity can cost surrender charges of up to 10%”
Structured settlements don’t have surrender charges, but when you get structured settlement factoring companies like Isettlements involved you can count on a haircut.
“The Malpractice”
“Take lump sum if less than $150,000”
Following Isettlements’ advice could (1) negatively impact a student’s eligibility for financial aid or reduce the amount eligible (2) impact government benefits.
Learn more about how structured settlements work