Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
The STRUCTURED SETTLEMENTS 4REAL® Blog is a highly regarded source for structured settlement news, information, and commentary, led by structured settlement and settlement planning subect mater expert John Darer CLU ChFC MSSC CeFT RSP CLTC. With two decades of operation, the blog and 4structures.com are recognized as comprehensive resources, offering detailed guides and specialized insights. Established in 2005, the blog caters to a broad audience, including legal professionals, injured individuals, families, and various stakeholders, providing reviews and opinions on settlement planning. John Darer, President of 4structures.com LLC, is a seasoned structured settlement expert with over 40 years of financial services experience and 31 years specializing in structured settlements. Based in Stamford, CT, he is a Certified Financial Transitionist and Registered Settlement Planner, holding insurance licenses in 45 states and the District of Columbia. John Darer is dedicated to transparency and advocacy, he emphasizes the importance of engaging trained and licensed professionals for settlement planning, offering valuable insights through his investigative journalism and professional commentary.
Sell Any Annuity claims to have 75+ years of experience
A display of dogged factoring slobber. If true, that would mean Sell Any Annuity was established in 1947 years before any structured settlement was even written The post war year of 1947 had some notable events, notably…
Roswell UFO incident
U.S. Secretary of State George C. Marshall announces the “Marshall Plan”
The International Monetary Fund IMF begins to operate.
The start of the Cold War which endured over four decades
The United Nations votes in favor of the creation of an Independent Jewish State of Israel.
India and Pakistan gain independence from Great Britain.
Jackie Robinson took to the field for the Brooklyn Dodgers becoming the first African-American to play in Major League Baseball.
Bell Laboratories invents the transistor.
Thor Heyerdahl’s balsa wood raft the Kon-Tiki, smashes into the reef at Raroia
Chuck Yeager, a United States Air Force Captain and World War II veteran, becomes the first person to break the sound barrier, and perhaps significant to this line of thought,
Artist Henri Matisse painted “The Circus” and
My late mother was 9 years old.
Structured settlement factoring companies, their representatives and their sales practices, are mostly unregulated, often to the detriment of consumers.
Years of Experience:Stack ‘Em and Rack ‘Em
Someone who was aged 20 in 1947 would be aged 95 now. Someone who was aged 30 then would be 105 now. The first purported structured settlements were associated with the Thalodomide cases in the 1960s, but structured settlements didn’t really establish a foothold until the late 1970s with a series of IRS Private Letter Rulings.
Sell Any Annuity is Just Another Shill Site for CBC Settlementr Funding
Adding up the years of experience of indivduals in a firm is an ever changing scam on consumers who fall for it. The Wayback Machine shows records for Sell Any Annuity (dot) com since only December 10, 2016. CBC Settlement Funding was spawned from ex JG Wentworth people. JG Wentworth’s first iteration was established in 1991, which is about 31 years prior to this posting. According to its BBB report, CBC Settlement Funding was started in 2008, 14 years prior to this posting. The footer of the Sell Any Annuity website states “By submitting my information to Sell Any Annuity, I consent to be contacted by phone / text or email by a representative from CBC Settlement Funding. Representatives may utilize an autodialer and standard cellular rates apply”. The Privacy Policy page lists a non-working number 800-123-4567. LOL
Beefing Up the Resume
The Fuzzy Math of the Years of Experience Rack
Newer companies attempt to beef up their resume, by adding up the years of experience of each employee and present the total number as years of company experience to consumers. For example, 3 people times 25 years of experience each equals “75 years of experience” under a ” Years of Experience Scam”.
Now follow me here, let’s say “CPO Sharkey”, who had 25 years of experience of experience pushing “cash now” ,quits and the company then hires C3PO Marky, who has only 5 years experience working in the same industry. Now Sell Any Annuity, a company (or lead generation website) that has been in business for 6 years (almost a dog year, how about that?), but advertises 75 years of experience, just like that, has only 55 years of experience.
Drawing a Line under the Chucklesome
Let’s say Grandpa Rockhead started the flint milling business 55 years ago and his twin 18 year old grandchildren have been working the last 3 summers.
Gramps dies and leaves the flint milling business to the grandchildren Fred and Barney (his only grandchildren for you sticklers).
Assuming a high school summer is 2 months and then (3 times 2)*2 is 12 month or 1 year. That means under the fuzzy logic of a “years of experience scam” Grandpa’s death pulverizes the flint mill’s years of experience to 1 year of experience, dropping from 56 years to 1 year just like that. That’s why a “years of experience scam” makes no sense.
There are numerous possible combinations that the companies that deploy the “Years of Experience Scam” could use to deceive consumers. It’s just fuzzy math.There is really no need for a years of experience scam. Just be truthful with customers.
