Beware of Doc | Structured Settlement Document Caveats

John Darer • August 24, 2022

"The Life Company will Take it" is Like " The Check Is In The Mail"

One of the biggest areas to potentially mess up settlement documents is where a structured settlement is desired and a cash release is tendered.

A structured settlement cannot occur after there has been constructive receipt. If a structured settlement is desired then " the receipt of which is hereby acknowledged" should not appear in the release.

After you say " oops", someone may suggest an amendment and that the "the life company will take it". What does that really mean? Please consider the following disclaimer used in communications between a leading structured settlement annuity issuer and its appointed agents.

"Our document review process is intended to fulfill our ownbusiness and due diligence needs by ensuring consistency and accuracy of thedetails and inclusion of language sufficient for our purposes. Review for anyother purpose, such as legal or tax sufficiency, is the responsibility of theparties and their counsel. Our acceptance of settlement documents should not be construed as a representation that these documents are sufficient for any otherparty's purposes" .

Watch John Darer's helpful video about Structured Settlement Documentation below

Updated August 23, 2022 #structuredsettlementdocumentation #constructive receipt #settlementdocuments

< Older Post

Newer Post >

Mail

USAA Life Insurance Company structured settlements

USAA Life Insurance Company Structured Settlement Annuities

By John Darer • June 9, 2025

Financial services provider USAA ranks 94th on Fortune 500. USAA Life Insurance Company, which earns the top rating of A++ from AMBest is often super competitive on longer term payment streams.

Prudential Income Advantage | Indexed Structured Settlement Annuity Income Advantage

By John Darer • June 2, 2025

John Darer reviews Prudential Income Advantage structured settlement annuity, which provides indexed structured settlement annuity option with the potential to grow personal injury settlement funds while offering protection from market declines. 2 IRS Private Letter Rulings!

Structured Settlement | Like Income from "Job" with Great Perks

By John Darer • May 27, 2025

How would you like to have a "job" that provides you options of guaranteed income for life without being fired, guaranteed raises and no income taxes? If you're eligible, there are ALOT of openings. Find out if you're eligible.

independent life structured settlement annuities

Independent Life Insurance Company 2024 Growth Report

By John Darer • March 16, 2025

In the structured settlement annuity industry, dominated by many of the largest life insurers in the United States, Independent Life Insurance Company (ILIC) achieved significant milestones in 2024. Good news, positives and some concerns discussed in this lattest post.

Prudential and Pacific Life are among the world's most ethical companies

Prudential and Pacific Life Repeat on 2025 Ethisphere Ethics Award

By John Darer • March 13, 2025

Prudential and Pacific Life have once again been named among the world's most ethical companies. Prudential received the award for the 11th time., Pacific Life received the award for the 8th time. Prudential and Pacific Life are leading issuers of structured settlement annuities.

structured settlement annuity market expansion 2025

Structured Settlements | Plenty to Look Forward to in 2025

By John Darer • March 13, 2025

John Darer reviews structured settlement annuity market expansion featuring 3 new entrants Athene Life & Annuity, American National (ANICO) and Puritan Life as well as MetLife's development of a best in class

What is a Settlement Agreement and Release (SAR)?

By John Darer • February 11, 2025

What is a Settlement Agreement and Release? What is the role of a Settlement Agreement and Release in establishing a structured settlement? What is a compromise?

The Structured Settlement Markets Explained

By John Darer • February 11, 2025

John Darer reviews the primary structured settlement market, secindary market and tertiary structured settlement markets

What's a "Tax-Free Structured Settlement Annuity"?

By John Darer • February 7, 2025

A structured settlement annuity does not drive the tax consequences of structured settlement annuity payments. It is the type of damages the structured settlement annuity payments represent, as reflected in the relevant settlement documentation executed by the settling parties

Structured Settlement Beneficiary Disputes | What You Need to Know 2025

By John Darer • January 29, 2025

Structured settlement beneficiary death claim. An executor cannot change the beneficiary of a structured settlement annuity. StructuredTypically, settlement agreements permit the Payee to name or change a beneficiary, provided such change is in writing and submitted to the Assigmment Company or annuity issuer in writing and in proper form.