by Structured Settlement Watchdog
A #SecondaryMarketAnnuity is not an #annuity says the NAIC*.
If you invest in an SMA, you have no insolvency protection in 40 states** and the NAIC pushing hard for all 50 states to adopt 2017 revision to the Life & Health Guaranty Association Model Act (#520). Make sure you know what you are buying. Don't "duck up" your retirement!
** Last updated July 12, 2025.
Note that existing investors are NOT protected because the Model Act, if (or when adopted by a State) applies regardless of when the rights to (someone else's) structured settlement payment rights were acquired
* Statutory Issue Paper No. 160 April 6, 2019

