by John Darer CLU ChFC MSSC CeFT RSP CLTC
A structured settlement annuity cannot be sold.
Individuals with structured settlements do not own the annuities that fund their structured settlements. They cannot sell what they do not own. Structured settlement annuities are generally owned by qualified assignment companies or non qualified assignment companies. In the less common so-called buy and hold cases, the buying and the holding is by the Defendant or insurance company.
But Annuty Expert Advice Said I Could Sell My Structured Settlement Annuity? 
Shawn Plummer, the proprietor of Annuity Expert Advice, has won the Canard of the Week multiple times for just this sort of “fupped duck” answer.
“Can I sell my structured settlement annuity to a third party without the court being involved? No, in most cases, the court must be involved when selling a structured settlement annuity. This is because you must first obtain court approval to sell your settlement payments legally”.
Shawn Plummer’s answer is wrong on the fundamentals.
- As previously stated if you are receiving structured settlement payments you don’t own the structured settlement annuity.
- A Court cannot order or approve you selling something you don’t own
- A Court must be involved only when you are attempting to sell structured settlement payment rights
If that’s what Shawn Plummer meant why all the muddled words?
- We can all have a little laugh at a meme of a blow up duck to drive home a point, because when it comes to structured settlement annuity ownership:
- Shawn Plummer is simply providing misinformation on the subject. I don’t think it is intentional
- Shawn Plummer is simply not a structured settlement annuity expert, he’s an annuity content creator
- Shawn Plummer appears to have no professional credentials for structured settlements at the time of publishing.
