by Structured Settlement Watchdog
I’m Afraid It’s Bull Ship mate
“Companies that purchase structured settlements from annuitants—factoring companies—often pay the annuitant pennies on the dollar for their structured settlement policies” claims a settlement planning firm, which also claims “Additionally, many states require court approval to sell structured settlement policies”. -Source: Industry website FAQ
Frankly it’s total inadvertent bullship, but it’s bullship nonetheless.
- Can structured settlement annuitants sell annuity polices? NO
- Do companies that purchase structured settlemente from annuitants purchase annuity policies? NO
- When a structured settlement is established does the payee EVER own the annuity policy that funds the periodic payment obligation to the payee? NO
- If a structured settlement is established via a QSF does that change things? NO
- Does JG Wentworth buy structured settlement policies? NO, they buy structured settlement receivables (factored structured settlement payment rights)
Pennies on the Dollar refers to the amount the buyer of “structured settlement payment rights” will pay to an annuitant to acquire the structured settlement receivables. Buying structured settlement receivables is not the equivalent to the purchase of an actual annuity policy.
If a structured settlement transfer is approved by the Court, the annuity owner, which is most often a qualified assignment company associated with the annuity issuer, remains the qualified assignment company, even if there is a new payee for the structured settlement payment rights.
Last updated October 7, 2025