Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
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Category: Clearscape funding Corporation
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Symetra annuitant expresses concern about the privacy implications of postcard correspondence. Surely Symetra can afford to spend a few cents to send the solicitation in an envelope so the mailman, the paper boy and nosy neighbor don’t know the annuitant’s business. How about it Symetra?
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In December 2006, a legal opinion raised doubts about the ability of assignment companies to restructure periodic payments, leading many insurers to withdraw from commutation programs, favoring factoring companies. However, a 2009 IRS ruling clarified that assignment companies could restructure obligations without tax implications, allowing insurers to resume commutation offerings.
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Jack Meligan, President of Settlement Professionals, Inc., criticized the author for insufficiently addressing Symetra’s entry into factoring and Allstate’s AFEN. After sharing articles, Meligan apologized but still questioned Allstate’s practices. The author clarified that Allstate’s AFEN offers an alternative to annuitants, emphasizing its non-predatory stance while Meligan’s criticisms lacked specifics.
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Our source tells us that an annuitant was in the process of factoring part of a Symetra Life annuity with Factoring company X when a representative of Symetra's factoring subsidiary Clearscape Funding materialized. Purportedly the annuitant was told that if he or she didn't use Clearscape for the transaction the resulting lump sum would be…
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by Structured Settlement Watchdog Who is Clearscape Funding Corporation? Clearscape Funding Corporation is a subsidiary of Symetra Financial Corporation that engages in the factoring of structured settlement payments for annuitants of Symetra Life Insurance Company. Symetra originally was a rebrand of SAFECO lIfe Insurance Company after a spin off. Does Symetra Still Write Structured Settlements?…
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Symetra’s problem is when you step out of your lane and play the “creation” and “destruction” side of the structured settlement business to reap rewards as a factoring business.. You can put whatever spin on it that you want but it still stinks. Hope Symetra’s people get the message before it’s too late.
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Deeply offended, saddened and disappointed yesterday to receive, a package from Symetra about its factoring ambitions. Clearscape. the factoring company affiliate is expanding its reach beyond its own to structured settlement payment recipients of other structured annuity issuers.