Comments on: Should You Sell Your AIG Structured Settlement Annuity Payments? http://www.structuredsettlement-quotes.com/blog/?p=155 Structured Settlement Factoring Blog Updated Daily Wed, 08 Sep 2010 08:01:51 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Bronson http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-2323 Bronson Mon, 03 May 2010 03:45:47 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-2323 My father is in his late 70's and I am trying to look out for his best interest. I recently starting really looking at his situation with AIG and am really concerned about his well being. Please keep up the good information it really helps when someone has to make these hard decisions about structured settlements. My father is in his late 70′s and I am trying to look out for his best interest. I recently starting really looking at his situation with AIG and am really concerned about his well being. Please keep up the good information it really helps when someone has to make these hard decisions about structured settlements.

]]> By: Susan http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1717 Susan Tue, 03 Mar 2009 22:11:06 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1717 My mother is in an assisted living facility and the bulk of her assets are in an annuity with AIG. The balance is around $250,000. From what I am reading there is a guaranty for amounts to $100,000. Do we need to restructure this annuity into two/three accounts and can that be done? Otherwise is the $$ safe? This is her retirement and we cannot afford for her to lose it! Comments please. My mother is in an assisted living facility and the bulk of her
assets are in an annuity with AIG. The balance is around $250,000.
From what I am reading there is a guaranty for amounts to $100,000.
Do we need to restructure this annuity into two/three accounts and
can that be done? Otherwise is the $$ safe? This is her retirement
and we cannot afford for her to lose it! Comments please.

]]> By: Andrew Cravenho http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1563 Andrew Cravenho Fri, 26 Sep 2008 04:19:05 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1563 Jack, I am glad that you feel comfortable again with AIG. I would like to clarify one point. I am not recommending in anyway that you should sell your annuity, but if you did decide to sell your annuity the lump sum would be tax free as well. Jack,

I am glad that you feel comfortable again with AIG.

I would like to clarify one point. I am not recommending in anyway that you should sell your annuity, but if you did decide to sell your annuity the lump sum would be tax free as well.

]]> By: Jack http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1562 Jack Fri, 26 Sep 2008 03:46:52 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1562 Actually we feel much better now abut AIG, and I have researched this issue extensively. Thanks for the above links as well. You could never beat the tax free payments from a structured settlement, so I don't believe we would ever sell the annuity, we were just shaken a bit with the events that had unfolded a week ago. I believe that the insurance division is fine and well at AIG and the structured settlement division is safe and sound, and could never be raided by the parent company anyway, because the insurance division is tightly regulated. Also it is important to note that the structured settlement division is a third party company from AIG, and is a subsidiary of the life insurance company. Actually we feel much better now abut AIG, and I have researched this issue extensively.
Thanks for the above links as well. You could never beat the tax free payments from a structured settlement, so I don’t believe we would ever sell the annuity, we were just shaken a bit with the events that had unfolded a week ago.

I believe that the insurance division is fine and well at AIG and the structured settlement division is safe and sound, and could never be raided by the parent company anyway, because the insurance division is tightly regulated.

Also it is important to note that the structured settlement division is a third party company from AIG, and is a subsidiary of the life insurance company.

]]> By: John Darer http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1561 John Darer Fri, 26 Sep 2008 00:05:54 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1561 Further to the above comment #5, this is the correct link http://structuredsettlements.typepad.com/structured_settlements_4r/2008/09/understanding-t.html Further to the above comment #5, this is the correct link
http://structuredsettlements.typepad.com/structured_settlements_4r/2008/09/understanding-t.html

]]> By: John Darer http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1554 John Darer Sat, 20 Sep 2008 19:52:53 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1554 There is a lot of misinformation and misinterpreted information out there. In a departure from the hyena like behavior exhibited by others in his industry Mr Cravenho has tried to to do the honorable thing from the factoring end of things. There is plenty of legitimate information in the structured settlements/settlement planning space. You may find my post "Understanding the AIG Rescue Plan 101" to be helpful as it includes definitions, industry specific commentary and useful links. http://structuredsettlements.typepad.com/structured_settlements_4r/2008/08/a-rose-by-any-o.html You may also find it helpful to refer to the NAIC website at www.naic.org There is a lot of misinformation and misinterpreted information out there. In a departure from the hyena like behavior exhibited by others in his industry Mr Cravenho has tried to to do the honorable thing from the factoring end of things. There is plenty of legitimate information in the structured settlements/settlement planning space.

You may find my post “Understanding the AIG Rescue Plan 101″ to be helpful as it includes definitions, industry specific commentary and useful links.
http://structuredsettlements.typepad.com/structured_settlements_4r/2008/08/a-rose-by-any-o.html

You may also find it helpful to refer to the NAIC website at http://www.naic.org

]]> By: Jack http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1553 Jack Sat, 20 Sep 2008 15:57:26 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1553 My concern is long term with AIG, my annuity is a fixed amount of payments for 40 years, so I would like reassurance that 10 years from now we will be recieving payments ok. My concern is long term with AIG, my annuity is a fixed amount of payments for 40 years, so I would like reassurance that 10 years from now we will be recieving payments ok.

]]> By: Andrew Cravenho http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1551 Andrew Cravenho Sat, 20 Sep 2008 08:40:43 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1551 Sorry, I neglected to answer your questions in my previous comment: There shouldn't be a problem with AIG in the next 2 years, unless they start selling on subsidiaries. There is no way of knowing how they will pay back the feds. Sorry, I neglected to answer your questions in my previous comment:

There shouldn’t be a problem with AIG in the next 2 years, unless they start selling on subsidiaries.

There is no way of knowing how they will pay back the feds.

]]> By: Andrew Cravenho http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1550 Andrew Cravenho Sat, 20 Sep 2008 08:21:31 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1550 If I were you, I would contact a financial planner and decide what is best for you and your family. If there is no immediate need of money, then I would keep your annuity. Also, if you would like to find out what we could do with a buyout of your annuity feel free to give us a call at 888-665-1257. Thanks. If I were you, I would contact a financial planner and decide what is best for you and your family.

If there is no immediate need of money, then I would keep your annuity.

Also, if you would like to find out what we could do with a buyout of your annuity feel free to give us a call at 888-665-1257.

Thanks.

]]> By: Jack http://www.structuredsettlement-quotes.com/blog/?p=155&cpage=1#comment-1549 Jack Sat, 20 Sep 2008 06:06:17 +0000 http://www.structuredsettlement-quotes.com/blog/?p=155#comment-1549 Well this really is unsettleing for me, I have an incapicated son and am involved with an annuity from a settlement that is worth millions of dollars, and I see the States guarentee a 100,000, what is that going to do. What I want to know is, are we safe now that the feds stepped in? They wont let it go under now that they have 85 billion invested? Also it is determined that AIG has plenty of assets to pay back the feds and recover. I can never get a difinitive answer and it is very frustrating. Well this really is unsettleing for me, I have an incapicated son and am involved with an annuity from a settlement that is worth millions of dollars, and I see the States guarentee a 100,000, what is that going to do.

What I want to know is, are we safe now that the feds stepped in?
They wont let it go under now that they have 85 billion invested?
Also it is determined that AIG has plenty of assets to pay back the feds and recover. I can never get a difinitive answer and it is very frustrating.

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