by Structured Settlement Watchdog
Stan Fitzpatrick had his facts wrong when he approached a MetLife structured settlement annuitant who narrowly escaped his talons
Stan Fitzpatrick, a Rightway Funding vulture, from the Fort Lauderdale company that brokers structured settlement factoring transactions, contacted a New York structured settlement annuitant that I know and left the false impression that Metropolitan Life Insurance Company was going out of business.Nothing could be further from the truth. Rightway Funding’s rep was simply a predator making an effort to induce the annuitant to sell his payments for pennies on the dollar. Stan’s conduct was utterly outrageous.
Metropolitan Life Insurance Company has been in business since March 24,1868
Metropolitan Life Insurance Company has been in business since in 1868 and currently holds the following ratings:
- AM Best A+
- Standard & Poors AA-
- Moodys Aa3
- Fitch AA-
The neoclassical MetLife Tower at One Madison Ave (also known as the South BUilding) was constructed bwtween 1907 to 1909 and briefly the tallest buidling in the world. Metropolitan Life Insurance Company Tower: History, Architecture, and Facts and Metropolitan Life Insurance Tower – World’s Tallest Towers
Rightway Funding Vulture’s Poo Poo Stew and Retreat
When the Rightway Funding vulture was contacted at 954-623-8725 and pressed for detail, Stan underscored his ignorance by feeding me a similar line of poo poo stew to that he told my New York client. The number was disabled after the post was published. How about thinking before shooting?
- Stan, falsely claimed that Metropolitan Life Insurance Company is going out of business. (“maybe you haven’t heard it yet” he said to me, someone who’s actually appointed with Met…LOL)
- Stan falsely claimed that MetLife was going out of business and was currently shifting money to Brighthouse Financial.
- Stan did not know that MetLife’s spinoff of Brighthouse was in the past tense, in 2017..
- Did not know that Brighthouse is an independent company since the 2017 separation.
- Did not know that year over year annuity sales for Brighthouse increased 36% in Q1 2019
- Did not know that in November 2018, A.M. Best AFFIRMED its Excellent Ratings for Brighthouse with a stable outlook
- Brighthouse, not MetLife was downgraded by Fitch, but the report listed it as stable outlook..
Metropolitan Life Insurance Company was MetLife’s primary structured settlement underwriting company for many years. Metropolitan Life Insurance Company still underwrites structured settlement annuities, for example for New York CPLR Article 50A and 50B structured judgment annuities. The primary company is Metropolitan Tower Life Insurance Company (once known as Metropolitan Insurance and Annuity Company). Metropolitan Life Insurance Company is available for cases oevr a certain amount of premium.
Brighthouse has some run off structured settlement business, notably old annuities from the 2005 acquisition of Travelers Life and Annuity
Are you a MetLife structured settlement annuitant who has been approached by Stan Fitzpatrick from Rightway Funding If so I’d like to hear from you and listen to your story.