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: Tacoma Structured Settlements
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Is an Unassigned Structured Settlement a Spineless Jellyfish? Hardly! Uncle Sam does them.
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A nationwide class action lawsuit certified against Symetra Life Insurance and Symetra Assigned Benefits Service Company (“SABSCO”) alleges Symetra and its affiliate violated RICO, the WA Consumer Protection Act, civil conspiracy, unjust enrichment, and their contractual rights.
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Once the structured settlement annuity was in place, SABSCO turns around and preys upon Symetra Life annuitants: SABSCO lures them into selling future periodic payments for a highly discounted lump sum without disclosing and actually concealing Defendants’ profit motive and fatal conflict of interest.
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It’s notable that the annuity agent on the Shaw case was Merrill Lynch Settlement Services, Inc. which appears to have utilized a cheap annuity from Executive Life, ignoring some unavoidable facts, apparently including Merrill Lynch internal guidelines.
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The Symetra withdrawal is part of a “to be expected” consolidation in the structured settlement market place, Hartford Life Insurance Company withdrew earlier this year after returning to the market in 2011.