A website called Secondary Annuities is pirouetting off the high dive with a fantasy ad.
First: The Misleading Claims about Structured Settlement Receivables
- “Think of it like buying a barely-used luxury car. Same manufacturer, same reliability, same car – but at a 10-15% discount because someone else drove it off the lot first”.
- “The insurance company doesn’t care who receives the payments”
- “The math doesn’t change. You just get a better deal because you’re buying recycled settlement payments instead of brand-new contracts”.
What’s Being Left Out?
- You’re not buying a Lambo, Bugatti or Maserati bro, even figuratively speaking.
- If you were buying a “barely-used luxury car (or any car), the car would need to be inspected and certified road worthy See for example in Connecticut, Chapter 743f – Used Automobile Warranties
- You’re not buying an annuity, your’e buying a receivable.
- A structured settlement receivable is not an annuity
- A structured settlement receivable is not an insurance product
- If you buy a structured settlement receivable there is good chance it is a part of a slice and dice, A slice and dice happens when the original payee under a structured settlement sells part of a payment stream or deferred lump sum, or a receivable is chopped up in to smaller more manageable pieces to attract greater demand from potential buyers at lower price leevels
- You may or may be aware that slice and dice requires a payment servicing arrangement that puts you a step removed from the annuty issuer. Now .Google “SuttonPark”, ” SuttonPark Nightmare“, “Josh Wander” and “777 Partners“. “SMA Hub” for some “light reading”
- In 80% of US states you have no protection in the event of insolvency of the annuity issuer.
- Annuity.org says “If you’re purchasing an annuity, make sure your check or wire transfer is made out to the life insurance company (your annuity contract is with them), not the advisor or any other individual.” ” How to Protect Yourself from Annuity Scams”, a subsection in an article titled “Annuity Scams” by Lena Muhtadi Borrelli which is listed as recently updated December 8, 2025.
So who is being targeted with a sales pitch for the ignorant? Is it you?
” Significantly, these investments are not annuities and they are not structured settlements as that term is defined in IRC section 5891(c)(1).” said Patrick Hindert, co-author of the book Structured Settlements and Periodic Payment Judgments, in “Re-cycled Structured Settlement Payment Rights” Independent Life blog September 28, 2020
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