Comparable Annuity Quotes in New York Structured Settlement Transfer Petitions are a farce. They are ripe for abuse by structured settlement factoring companies and do not properly compare the value.
New York Structured Settlement PROTECTION Act
What does that actually mean?
Consider this disclosure in a live New York structured settlement transfer petition in Saratoga County New York
“New York Quotes: $44,998.10 from Symetra Life Insurance Company; and $43,835.32 from Liberty Bankers Life Insurance Company. Two comparable annuity price quotes are used here, since a quote from the original Annuity issuer is not readily available”
Source: NYCEF Iapps :SARATOGA COUNTY CLERK 06/24/2026 10:25 AM
NYSCEF DOC. NO. 6
INDEX NO. EF20262315
RECEIVED NYSCEF: 06/24/2026
Food for Thought and Judicial Coinsideration
Summertime is for Popsicles, not Farcicles
- Neither of the two annuity issuers is an issuer of structured settlement annuities in 2026.
- Symetra ceased selling structured settlment annuities in 2012 See Symetra completes reinsurance transaction with Resolution Re | Resolution Life September 11, 2018
- It’s ironiuc that Monteverde woudl choose Symetra given this 2025 Settlement Approved in Structured Settlement Buyout Lawsuit against Symetra Life Insurance Co. and SABSCO – Structured Settlements 4Real®Blog
- Not withstanding the fact that Symetra does not issue structured settlement annuities in 2026, Symetra Life Insurance Company is not licensed to do business in New York.
- First Symetra National Life Insurance Company of New York is licensed to do business in New York but does not issue structured settlement annuities.
- Not withstanding the aforemenentioned, any comparable quote is useless without considering the difference in taxation. of payments in the analysis.
If New York judges do not recognize and call out farcicle dislosures as the annuitant’s last line of defense, particularly someone who has waived ( or “waived”) Independent Professional Advice.
Wake Da Duck Up!
Leave a Reply