by Structured Settlement Watchdog
Black Square Financial ad seen on the Internet at time of original posting
Despite touting all the value that merely pennies on the dollar can buy, the Coral Springs Florida company promotes the following falsehoods
- Implication that you can restructure an existing structured settlement.
- Statement that you can take control of a policy (that you do not own).
- ” Structure your policy”
When a Structured Settlement is established, the actual facts undermine the Black Square’s sales pitch
- The settlement agreement and qualified assignment would expressly state that the annuitant has no rights of ownership in the annuity policy,
- Black Square Financial is invited to post proof it has actually purchased a structured settlement annuity policy or helped a client purchase a structured settlement annuity policy. I’m sure they cannot.
Black Square Financial ads claim to be “working with all sizes of policies” in 2017 that appeared on the web at time of posting
The misleading Black Square Financial ad, shows a solicitation by Black Square Financial to unsophisticated structured settlement annuitants to take the proceeds of Black Square Financial’s “pennies on the dollar” offer and use it to buy a depreciating asset such as a BMW. Here’s what a BMW would cost at the time of the Black Square ad (retrieved June 13, 2022). The lack of credible justification for Black Square Financial’s use of the advert, is compounded by the fact that no BMW of any size is an insurance policy, or a structured settlement. Silly boys.
Definition of Policy under Florida Law
Download Licensee Search Jordan Freeborn Florida 6-12-2022
Download Licensee Search Jarrod Freeborn Florida 6-12-2022
“Stack Formation”
Black Square Financial claims “20 years of combined experience”, yet can’t talk the talk on their web page. I’ve got almost double that alone and if we ran a stack formation of the experience of my colleagues in the primary market who are members of NSSTA, AASC and SSP, who know what they are talking about, we might “muster a cluster” of up 10,000-12,000 years of combined experience. In case you were wondering, What Life Was Like 10,000 Years Ago?
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