The only thing worse is Robo Callers Using American AI Voices
Tamzidul Haque’s bio boasts of his mastery in SEO, affiliate monetization, and bilingual copywriting wizardry, claiming he creates content that “ranks, resonates, and converts.” However, Haque has no bona fies on the subject of structured settlements and his website resembles a carnival shooting gallery—complete with moving, distracting pop-ups but sadly no stuffed animal prizes.
My biggest gripe is that Haque seems ” Ad Hoc” misinformed and is spreading misinformation about structured settlements.
To top it off, his content, in my humble watchdog opinion, is as poorly researched as it is unconvincing and chaotic in Haque’s presentation
By conserving research energy Tamzidul Haque attempt to straddle the nuances of structured settlements in the United States and Canada, taking shortcut thats misses the mark.
For example “Born from the 1982 U.S. tax code (and echoed in Canadian Revenue Agency rules), it lets you receive your legal winnings as periodic payments instead of one big check. The defendant (or their insurer) buys an annuity from a top-rated life insurance company, locking in guaranteed, inflation-adjusted payouts that are 100% tax-free under IRC Section 104(a)(2).”
Haques’ First Batch of Bungles
“Born from the 1982 U.S. tax code (and echoed in Canadian Revenue Agency rules), it lets you receive your legal winnings as periodic payments instead of one big check. The defendant (or their insurer) buys an annuity from a top-rated life insurance company, locking in guaranteed, inflation-adjusted payouts that are 100% tax-free under IRC Section 104(a)(2).”
- IRC Section 104(a)(2) is a section of the Internal Reveneue Code of 1986, as amended.
- Payments are not automatocally inflation adjusted. Fixed adjustments are an option and index linked adjustments are another option as well as market based structured settlements in the US. One annuity issuer offers an interest rate linked adjustment. Specific conditions apply. To say that a payee is getting guaranteed inflation adjusted paymnets
- Taxation flows from the type of damages that the payment represent.
- Implying that Canada echoes the United States on structured settlement factoring is reckless and uninformed on the part of Haque.
According to McKellar, a prominent Candian structured settlement firm, structured settlement factoring does not occur in Canada.
“Structured settlement recipients here have their payments underwritten by life insurers issuing very specialized annuity contracts. These contracts contain an irrevocable direction to the annuity issuer to make all of the annuity payments to (or for the benefit of) the intended structure recipient. This is required by the Canadian tax authorities and is built in to every Canadian Structured Settlement. Annuity contracts funding U.S. structures do not contain this irrevocable direction of payments.
As a result, once implemented, Canadian structured settlements cannot be changed to redirect the payments to a factoring company. Given that the purpose of structured settlements is to provide secure, reliable payments to injured persons in need of that certainty, we think that the inability to factor Canadian structure payments is an important advantage that Canadian structures enjoy over their U.S. counterparts”.
Haque’s Second Batch of Bungles
1. Haque boosts MetLife’s A.M. Best rating to A++, as if he were Alfred Magilton Best reincarnated, but the truth is it’s just A+. Guess even ratings can get a little makeover when Haque waives the magic wand, taking care to avoid the ad flotsam and jetsam! See AM Best Affirms Credit Ratings of MetLife, Inc. and Its Life/Health Subsidiaries.
2. Haque amusingly anoints Pacific Life as “the Innovation King for Inflation-Proof Plans,” but let’s face it, no plan comes with an anti-inflation fairy godmother. Their Index Linked Annuity Payment Adjustment Rider (ILAPA) tops out at a 5% increase, and while a product upgrade is brewing for early 2026, it’s not a royal decree against inflation. Haque and Haque’s claims are more of a farcical pageant, complete with a botched performance on Pacific Life’s Moody’s and Fitch ratings. Truly, a regal comedy of errors!
3. Haque misrepresents J.G. Wentworth as a member of the National Association of Settlement Purchasers(NASP).. J.G. Wentworth is a former member of the National Association of Settlement Purchasers (NASP). Here is a link to a list of NASP Member Companies, retrieved October 23, 2025.
4. Haque published a table he calls “your quick-scan cheat sheet—use it to compare while sipping coffee” (but what if you’re sipping tea, sweet lassi, sathukudi, or coconut water instead?). His table amusingly misrepresents JG Wentworth and Stone Street (a JG Wentworth company) as having A.M. Best ratings that seem to have vanished into thin air.
5. In his recommendations to consumers about “How to Choose the Best Strctured Settlement Annuity Company”, Haque publishes a statement about the existence of state insurance guaranty funds and makes misrepresentations concerning the subject.
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