by Structured Settlement Watchdog
There is a distinct difference between settlements and awards
Poopsmithery
It’s bad enough that certain stand alone structured settlement factoring companies and their shills “misgender” settlements as awards, or factored structured settlement payment streams as annuities, but unfortunately a settlement purchaser associated with a veteran settlement planning firm is joining in the “poopsmithery”.
“Individuals and families can receive a structured settlement after filing a civil claim for a loss and winning that claim, resulting in a settlement award” says one of them on its website. Is this “misgendering” really necessary for the settlement planner to compete with the rest of the factoring industry?
To the extent that certain settlement planners and/or primary market settlement consultants participate in or condone the “misgendering” of settlement terms, they invite citations and spread of misinformation by writers and bloggers for factoring companies who really don’t have a clue, but who have much better SEO skills.
My April 21, 2021 What’s the Difference between an Award, a Reward and a Settlement? may be helpful.