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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about
Category: GE Capital Structured Settlements
GE Capital Structured Settlements was part of GE Capital’s Financial Services division that later became Genworth in a GE Capital spin‑off of Genworth Financial completed in 2004, with the company’s initial public offering (IPO) taking place on May 25, 2004. At the time its companies were activelyy undewriting, its family included GE Capital Assurance Company, GE Capital Life Insurance Company of New York, American Mayflower Life Insurance Company of New York (became Genworth Life Insurance Company of New York January 1, 2007, First Colony Life Insurance Company. Genworth companies stopped writing new structured settlements August 25, 2006. Read more Genworth Stops Writing New Structured Settlements August 2006
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The GE Capital Corporate guarantee,delivered with each structured settlement, expressly states that “the obligations of the guarantor will not be affected, impaired or discharged, in whole or in part, by any circumstances which might otherwise constitute a legal or equitable discharge or release of a guarantor.
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Annuitants receiving structured settlement payments from Genworth Life companies are likely to be targets of vultures of the structured settlement secondary market seeking to “help them out”. Genworth annuitants may be harassed by calls, mailers, calls to their private cell phones and worse.
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On August 16, 2006, Genworth Financial announced it would cease writing new structured settlement business. Despite increased competition and a decision to focus on existing portfolios, the company reassured that its subsidiaries, with a longstanding presence in the industry, would continue supporting current contract holders and policyholders.