White House Financial & Settlement Consulting, LLC helps families live an easier and less stressful life through the achievement of their financial goals by providing comprehensive, fee-only, client focused financial advice and exceptional service.
Search This Blog
NATIONWIDE IS NOT ON YOUR SIDE!
We have recently assisted plaintiff’s council and their
clients with settling several cases involving Nationwide Insurance as the
defendant insurer. In each of these cases our plaintiff attorney client’s told
us that the defense council were adamant about Nationwide placing the
structured settlement annuity WITH Nationwide Insurance. This would be very
difficult since Nationwide does not have their own structured settlement
annuity product. What the defense was
really saying is that they wanted their structure broker to get the entire
commission on the case. I’m sure they don’t really know that, however, that is
what Nationwide tells them to say. Defense council even indicated that they
were willing to pay more to settle the case if Nationwide could place the
entire annuity with “their” company (i.e., their broker). These kinds of games
are going WAY back to the origins of the structured settlement business in the
1980’s when the defense would CLAIM “we can’t tell you the cost of the annuity
because it would constitute constructive receipt!” Which, as we knew was
completely IDIOTIC! We need to ask
ourselves WHY they would be willing to pay more if Nationwide places the
structured settlement annuity if they do not have their own structured
settlement annuity life insurance product?
It should make NO difference to them who the annuity is placed with as
long as all of the paperwork is done correctly, and the annuity carrier is
highly rated in term of financial risk, which is what we help insure. Perhaps
they are just concerned with the financial well being of their structured
settlement broker? I highly doubt
it! Again, unless there is some kind of
back end financial arrangement that we are unaware of, there is ZERO benefit
for a defendant insurer to use a structured settlement annuity, where there is
a MAJOR benefit for the claimant.
Since we have been doing this for a LONG time we have been
privy to all the games that defendant insurers play and know how to get around
them. We work with their Nationwide brokers
on EVERY case and it helps make the process smother and faster for BOTH SIDES! When
I asked their structure broker’s what they thought the defense council was
referring to by insisting on placing the annuity with Nationwide even they had
no idea (supposedly) what they were talking about as they quote their
structured settlement annuities with ALL the exact same life insurance
companies we do! If you do not use your
own structured settlement consultant in cases like this you are basically
flying blind, and your client will have no one to turn to when they lose their
policy or have questions about their annuity in the future.
For almost 20 years we have been Michigan's premier Plaintiff Focused Structured Settlement Consultant. Please contact us early at (734) 433-1670 or firstname.lastname@example.org and let us help you and
your clients maximize your hard earned settlement dollars call! www.whitehousellc.com
You probably know us best for our Plaintiff Focused Structured Settlement Consulting services. You may not know that we also help plaintiff attorneys and their clients resolve those nasty LIENS that threaten your hard won settlements through our partnership with PROVIDIO!
Please click the link below for more information on our lien resolution services: