by Structured Settlement Watchdog
Symetra Structured Settlement Payee Lawsuit. It’s Over!
On July 28, 2025, a Washington federal judge granted final approval to a $2.175 million settlement in a 5 year old class-action
A “dead giveaway”
lawsuit against Symetra Life Insurance Co. and Symetra Assigned Benefits Service Co. over internal structured settlement factoring practices.
What was the Symetra Structured Settlement Payee Lawsuit about?
The lawsuit, which began in December 2020, saw Renaldo White and Randolph Nadeau accusing Symetra entities of charming personal injury settlement recipients into swapping their future payouts for what amounted to a thrift store lump sum. The plaintiffs alleged Symetra used its inside scoop to rake in “outsized and undisclosed profits,” leaving the victims with little more than figurative pocket change.
Business School Case Study?
See exemplar October 29, 2007 correspondence Jesper Hansen pitching Symetra structured settlement annuitants.
Jesper Hansen’s title of “Sales Specialist” truly speaks volumes to this day, doesn’t it? Not “Customer Support Representative” or “Client Relations Manager,” but boldly, “Sales Specialist”?! And the pièce de résistance? The letter was sent a whopping 14 years before the lawsuit againt Symetra was even filed. It was an iconic blunder by Symetra, in my opinion. Obviously, Hansen didn’t crown himself that title. He was just doing his job. Who thought that title would just slip by unnoticed?
Early coverage of Symetra Structured Settlement Class Action
Although a class was initially certified, the Ninth Circuit reversed the certification in June 2024, concluding that individual issues of causation and variations in state law would outweigh common questions. The court highlighted the challenges of applying multiple state laws to the subclass, particularly concerning the enforceability of anti-assignment clauses.
How Much Compensation will Eligible Symetra Structured Settlement Class Action Claimants Receive?
The settlement will dish out an average of nearly $7,300 for each of the 299 transactions involved. A Symetra spokesperson expressed delight over the “mutually beneficial” resolution that dodges courtroom drama and lets them focus on clients—while politely reminding everyone this doesn’t mean they’re admitting guilt.
This resolution comes after a Ninth Circuit decision last year that overturned a lower court’s class certification ruling, sparking settlement talks soon after.
Read the final order in Renaldo White v. Symetra Assigned Benefits Service Company
Symetra Structured Settlement Payee Lawsuit Settlement websites
Who Do You Call?
Symetra structured settlement claimants can contact the Symetra Structured Settlement Payee Lawsuit Administrator by phone at 1-866-274-4004 or by email at info@strategicclaims.net.