Structured Settlements in Ann Arbor, Dearborn, Detroit, Flint, Grand Rapids, Lansing, Livonia, Sterling Heights, Warren, Westland, Pontiac, Kalamazoo, Michigan City, St Joseph, LaGrange, Saginaw, Battle Creek Michigan by structured settlement expert John Darer at 888-325-8640.  Structured settlements expert John Darer reviews the latest structured settlements news and information and provides expert opinion and commentary, including settlement planning issues/ ideas for settlement management, incisive Structured Settlement Watchdog® commentary that may be helpful to lawyers, plaintiffs, claims adjusters, judges, the news media, sellers and buyers of structured settlement receivables,and interested others. The style is spicy, informative, irreverent and effective. The most prolific structured settlements blog, Now in 19th Year! Check back daily for something new. Read more about What is a Structured Settlement? What is Settlement Planning? Structured Settlements for Minors Structured Settlements for Seniors

The 2017 Revisions to the Life  & Health Guaranty Associations Model Act (#520), now adopted by 80% of US states, closes a loophole that supports a false narrative that factored structured settlements are insurance products and thus may be eligible for statutory protection in the event of the liquidation of the underlying insurer. 

An Express Exclusion From Coverage for Acquired Structured Settlement Payment Rights

The 2017 Revisons to the Life & Health Guaranty Associations Model Act expressly exclude acquired structured settlement payment rights and gives no solace to those who invested in such instruments prior to their adoption of the Model Act. They are shafted in an insolvency because the Model clarifies that here is no coverage regardless of when the structured settlement payment rights were acquired, even if the acquistion was prior to the date the Model Act Revision was adopted in the state.

So if you are receiving payments from a structured settlement, which represent (1) damages for which you are being compensated for your personal physical injury or physical sickness or workers compensation; or (2) you are receiving such payments as a beneficiary of someone who died who was receiving payments which represent damages, for which they were being compensated for workers compoensation, physical injury or physical sickness

Practice Areas:

• Medical Malpractice
• Admiralty
• Automobile Liability
• Automotive Products Liability
• Aviation
• Bodily Injury
• Employment Practices Liability
• Environmental and Toxic Injury
• Wrongful Death
• Wrongful Termination
• Workers Compensation
• Trucking Litigation
• Personal Injury
• Real Estate
• Real Estate Litigation
• Structured Installment Sales
• Tax Deferral Solutions for Personal Injury Attorneys
• Tax Deferral Solutions for Parties Settling Suits with Taxable Damages
• Settlement Trusts
• Structured Medicare Set Aside
• Life Settlements
• Funding Agreements