www prudential com structured settlements

Former Structured Settlement Annuity Company. SERVICE TEAM Contact Us at (800)-355-3063 Apr 07, 2021 · Prudential was founded in downtown Newark. NEWARK, N.J., November 18, 2016 /BUSINESS WIRE/ — Yanela Frias has been named head of Prudential Retirement's Structured Settlements. Please contact our Client Services department via email at [email protected] or by calling 1-800-265-8381 so we can assist you with next steps. Be. www prudential com structured settlements

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INTRODUCTION

The Indian fintech sector has received over USD 2 billion in investments in 2021 as of August 2021, which is USD 411 million more than the investments received in 2020.1 The value of transactions through digital modes such as Unified Payments Interface ("UPI") and payments through cards, also continue to grow at record rates.2

In line with the policy objective of consumer protection and to make digital payment systems more secure and convenient for consumers, the Reserve Bank of India ("RBI") has introduced some important changes to the extant guidelines for digital wallets, recurring payments and tokenisation, and has also introduced new outsourcing norms for operators of payment systems to bring them at par with banks and non-banking financial companies ("NBFCs").

This newsletter highlights the key developments in the Indian fintech space from July 01, 2021 to September 30, 2021.

RECENT REGULATORY DEVELOPMENTS

Prepaid Payment Instruments

The RBI, on August 27, 2021, has issued a fresh set of Master Directions on Prepaid Payment Instruments ("New PPI Guidelines"),3 introducing some key changes to the erstwhile regulatory framework viz. the 'Master Direction on Issuance and Operation of Prepaid Payment Instruments' dated October 11, 2017.

The New PPI Guidelines have overhauled the existing prepaid payment instruments ("PPIs") framework and has simplified the categorisation of PPIs into two limited categories of 'small PPIs' and 'full-KYC PPIs', both of which can be issued by banks and non-bank entities. Small PPIs, that only require minimum details of the PPI holder, can pier one platinum credit card used only for the purchase of goods and services from an identified group of merchants (that have a specific contract with the PPI issuer or contract through a payment aggregator or payment gateway), and such PPIs cannot be used for cash withdrawals or fund transfers. On the other hand, full-KYC PPIs, that require the entire KYC process of the PPI holder to be completed, are not restricted for use at an identified group of merchants and allow for cash withdrawals and fund transfers back to the source account (subject to certain prescribed limits) which is similar to the earlier open system PPIs. Closed system PPIs continue to remain outside the ambit of the New PPI Guidelines.

Amongst many other changes introduced in the New PPI Guidelines, the RBI has: (a) reiterated its objective to mandate interoperability for full-KYC PPIs as married at first sight season 10 schedule its earlier directions (and identified the role of the NPCI and authorised card networks in this regard); (b) allowed the use of video-based identification processes for customer onboarding – both for the issuance of full-KYC PPIs and to convert small PPIs to full-KYC PPIs; and (c) introduced norms for escrow account management, information security measures, and customer grievance redressal, to be followed by PPI issuers (in line with the RBI's guidelines for non-bank payment aggregators).

The above development aimed at simplifying the regime for PPIs and creating a level playing field between bank and non-bank issuers, reinforces RBI's objective of driving financial inclusion through PPIs given its high degree of penetration across smartphone users in India, while simultaneously increasing consumer protection safeguards for PPI transactions.

New regulatory norms for outsourcing by nonbank payment system operators

To mitigate and effectively manage the risks involved in the outsourcing of payment and settlement-related activities by non-bank payment systemi operators ("PSOs"), the RBI has issued a new regulatory framework for outsourcing of such activities by PSOs ("Outsourcing Framework").4 Crucially, PSOs have been prohibited from the outsourcing of certain 'core management functions' (such as risk management, internal audit, and determining compliance with KYC norms).

PSOs must necessarily comply with certain minimum criteria in their outsourcing arrangements with entities in India and abroad. In particular, these arrangements must reflect the PSO's supervisory oversight in ensuring compliance with RBI's norms, framing a board-approved outsourcing policy, conducting a due diligence, confidentiality and security of data norms, additional requirements for off-shore outsourcing, amongst other obligations. Importantly, incidental activities like onboarding customers and IT-based services have been construed as 'payment and settlement-related' services which can be outsourced. The RBI has reserved the ultimate responsibility and liability of the PSOs (together with their senior management), with www prudential com structured settlements to the outsourced activity and actions of the service provider.

The Outsourcing Framework brings non-bank PSOs at par with banks and NBFCs (that so far www prudential com structured settlements been following similar outsourcing norms) and underpins the growing importance of non-bank PSOs in the digital payments ecosystem in India. PSOs will also need to undertake a re-assessment of their outsourcing arrangements (current and prospective), to ensure compliance with the Outsourcing Framework by the deadline of March 31, 2022.

Expansion of the scope of the device based tokenisation framework

In order to address stakeholder pushback against the restriction on storage of card-on-file data by merchants and payment aggregators, the RBI is taking steps to scale up 'tokenisation' to balance data security concerns with the convenience of digital payments. To achieve this, the RBI has amended its device-based tokenisation framework for card transactions ("Tokenisation Framework"), and has now permitted authorised card networks (as token service providers) to offer card tokenisation services to any token requestor for consumer devices, including laptops, desktops, wearables (wrist watches, bands, etc.), 'Internet of Things' devices, etc., subject to certain prescribed conditions.5 Earlier, this facility was available only for mobile phones and tablets.

The RBI has extended the Tokenisation Framework to permit authorised card networks to offer Card-on-File Tokenisation ("CoFT") services, subject to taking the explicit consent of the customer (along with additional factor of authentication) for tokenisation of their card data.6 Such tokenisation services offered on a voluntary basis, may hamper the seamless availability of this facility across all card networks.

The restriction on storage of card-on-file data (irrespective of PCI-DSS compliance), is expected to result in significant difficulties and second-order consequences for customers, merchants and the overall digital payments ecosystem in India. Although the RBI is rightly concerned about cyber-security incidents and 'tokenisation' is a step in the right direction, however, full-scale tokenisation is still at a nascent stage in India. Tokenisation will require significant technology investment and infrastructural development by industry stakeholders (including card network operators, banks, payment aggregators and merchants) to effect its widespread adoption and implementation.

Access for non-bank entities to Centralised Payment Systems

In furtherance to its earlier announcement, the RBI has amended the Master Directions on the Access Criteria for Payment Systems,7 to enable direct access of regulated non-bank entities in the payments ecosystem (such as PPI Issuers, Card Networks, and White label ATM Operators) to the Centralised Payment Systems ("CPSs") of the RBI – viz. the RTGS and NEFT systems.

Direct access to the CPSs will include an allotment of a separate IFSC Code, opening of a current account and maintaining a settlement account with the RBI, as well as membership to the Indian Financial Network ("INFINET") and use of the Structured Financial Messaging System ("SFMS") to communicate with CPSs. This is subject to the non-bank entities' adherence to the prescribed eligibility criteria and other operational and prudential norms, including a valid authorisation from the RBI under the Payment and Settlement Systems Act, 2007 ("PSSA").

The above amendment is intended to minimise the overall settlement risk in the payments ecosystem by reducing the dependence on banks, as well as to reduce the cost of payments, risk of failure and the time taken for execution of fund orders.

Aadhaar e-KYC Authentication Licence for nonbanking entities

Through a press release dated September 13, 2021, the RBI has released the format that NBFCs, payment system providers, and payment system participants, can use to submit an application to the RBI for onward submission to the Unique Identification Authority of India ("UIDAI"), to seek an Aadhaar e-KYC Authentication Licenceii issued by the UIDAI, for use of the e-KYC facility of the UIDAI.

Earlier, Section 11A of the Prevention of Money Laundering Act, 2002, permitted only banks and nonbank entities notified by the Central Government (in consultation with UIDAI) to carry out authentication of a customer's Aadhaar number, using the e-KYC facility provided by the UIDAI. This facility enables banks and notified non-banking entities to complete the customer on-boarding process through an efficient, seamless, and remote process (not requiring a physical verification of the customer).

Click here to continue reading. . .

Footnotes

1. https://assets.kpmg/content/dam/kpmg/xx/pdf/2021/08/pulse-of-fintech-h1.pdf

2. https://economictimes.indiatimes.com/industry/banking/finance/banking/upi-transaction-value-doubled-to-6-06-lakh-crore-in-july/articleshow/86594287.cms

3. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12156&Mode=0

i. The Payment & Settlement Systems Act, 2007 defines "payment system" to mean "a system that enables payment to be effected between a payer and a beneficiary, involving clearing, payment or settlement service or all of them, but does not include a stock exchange but includes the systems enabling credit card operations, debit card operations, smart card operations, money transfer operations or similar operations"

4. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12136&Mode=0

5. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12152&Mode=0

6. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12159&Mode=0https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52188

7. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12133&Mode=0

ii. Aadhaar Authentication Licence – KYC User Agency (KUA) or the sub-KUA Licence

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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Structured Settlements

Proven to be a viable answer to the problem of how to properly compensate personal injury and wrongful death victims.

Learn More

An annuity allows for guaranteed funds on a regularly scheduled basis depending on individual future needs and wishes.

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Founded in 1981, Capital Planning has been providing superior structured settlement services for over 36 years. Our team is based in Minneapolis, MN, and we pride ourselves on our ability to provide exceptional quality of service and prompt delivery of quotes to clients nationwide. With over 12,000 annuities successfully structured, we have a proven track record as one of the nation's most-trusted.

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Structured settlements are more than just a settlement option.

“Structured settlements Enable the Newly Injured to Live with Dignity, Independence, and Freedom from Reliance on Government. Structured settlements provide crucial financial protection to injured persons and their families.”

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We understand this process can seem daunting. That's why over the past 36 years, we have focused our efforts in making the entire settlement process as easy as possible by working with all parties, providing our industry-leading level of service, knowledge, and integrity.

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Structured
Settlements Companies

Companies That Buy Structured Settlements

PAYMASTER.CO
structured settlement buyer, Paymaster.co art and contact form

Phone: Call 1-888-999-8606
Website: https://paymaster.co
6230 Wilshire Blvd,
Suite 1795
Los Angeles, CA 90048

ANNUITY.ORG
settlement buyer 3, Annuity.org screenshot

189 S. Orange Ave,
Suite 1600
Orlando, FL 32801
Email: [email protected]
Website: https://www.annuity.org

AMERICAN EQUITY FUNDING
structured settlement buyer 18, American Equity Funding

7005 Alma Highway
Van Buren, Arkansas 72956
Phone: 800-874-2389
479-632-0851
Email: [email protected]
Website: americanequityfunding.com

ANNUITY TRANSFERS, LTD.
structured settlement buyer 4, Annuity Transfers screenshot

1800 Preston Park Blvd.
Suite 115
Plano, TX 75093
Phone: 972-952-0260
888-638-0900
972-510-8288
Website: annuitytransfers.com

CBC SETTLEMENT FUNDING
structured settlement buyer 2, CBC Settlement Funding

181 Washington Street,
Suite 375
Conshohocken, PA 19428
Phone: 800-843-9020
Email: [email protected]
Website: cbcsettlementfunding.com

CLIENT FIRST SETTLEMENT FUNDING LLC
structured settlement buyer 5, Client First Settlement Funding

301 Yamato Rd #3200
Boca Raton, Florida 33431
Phone: (888) 594-1195
Website: clientfirstfunding.com

CROWFLY
structured settlement buyer 19, CrowFly

Email: [email protected]
Website: crowfly.com
Phone: 833-276-9359

DRB CAPITAL LLC
structured settlement buyer 6, DRB Capital

1625 S Congress Ave,
Suite 200
Delray Beach, Florida
Phone: 888-981-8703
866-356-4610
Website: drbcapital.com

FAIRFIELD FUNDING
structured settlement buyer 7, Fairfield Funding

Phone: 855-296-0985
Fax: 888-857-4156
Email: [email protected]
Website: fairfieldfunding.com

FIRST STRUCTURED SETTLEMENT
structured settlement buyer 20, First Structured Settlement

Phone: 888-404-4242

FORTUNE SETTLEMENT SOLUTIONS
structured settlement buyer 16, Fortune Settlement Solutions

Phone: 833-736-7886
Email: [email protected]
Website: fortunesettlements.com

GLOFIN FUNDING
structured settlement buyer 17, Glofin Funding

Phone: 888-667-1991
Fax: 888-317-0260
Email: [email protected]
Website: glofin.com

6905 Northcross, Dr
Suite 300
Huntersville, NC 28078

J.G. WENTWORTH
structured settlement buyer 8, JG Wentworth website screenshot

Phone: (866) 930-6480
Phone: (855) 770-8956
Email: [email protected]
Website: jgwentworth.com
201 King of Prussia Road,
Suite 501
Radnor, PA 19087

LIIBERTY SETTLEMENT FUNDING
structured settlement buyer 9, Liberty Settlement Funding

Phone: (855) 643-0333
(855) 285-4158
Email: [email protected]
Website: libertysettlementfunding.com
1855 Griffin Road
Suite B354
Dania Beach, FL 33004

MAINSTREET FUNDING
structured settlement buyer 10, Main Street Settlements

Phone: 404-855-3330
Toll free: 877-919-8003
Website: mainstreetsettlement.com
197 West Crogan Street
Lawrenceville, GA 30046

NOVATION SETTLEMENT SOLUTIONS
structured settlement buyer 1, Novation Settlement Solutions

Phone: 888-979-3740
Website: novationsettlementsolutions.com
1641 Worthington Road,
Suite 410
West Palm Beach, FL 33409

RSL FUNDING
structured settlement buyer 15, RSL Funding

Phone: 800-543-6513
Website: rslfunding.com
1980 Post Oak Blvd, Ste 1975
Houston, TX 77056

SENECAONE
structured settlement buyer 11, Senecaone website screenshot

Phone: 800.513.1394
301-913-9131
Email: [email protected]
Website: senecaone.com

Corporate Headquarters
7920 Norfolk Ave.
Suite #300
Bethesda, MD 20814

Florida Office
105 South Narcissus Avenue,
Suite 710
West Palm Beach, FL 33401

SETTLEMENT CAPITAL CORP.
structured settlement buyer 12, Settle4Cash

Phone: 800-959-0018
Email: [email protected]
Website: settle4cash.com
14755 Preston Rd.,
Ste. 610
Dallas, TX 75254

STONE STREET CAPITAL, LLC
structured settlement buyer 13, Stone Street Capital website screenshot

Phone: 301 951 8900
Email: [email protected]
Website: stonestreet.com
7316 Wisconsin Avenue
Fifth Floor
Bethesda, MD 20814

STRATEGIC CAPITAL
structured settlement buyer 14, Strategic Capital website screenshot

Phone: 866.256.0088
Email: [email protected]
Website: strategiccapital.com
575 Madison Ave
Ste 1006
New York, NY 10022-2511

Companies That Buy Lottery Winnings

PAYMASTER.CO

Phone: Call 1-888-999-8606

Paymaster.co buys lottery payments from people who want or need a lump sum cash payment upfront instead of regular payments from an annuity. Please feel encouraged contacting our team to discuss the details.

PEACHTREE FINANCIAL SOLUTIONS

1200 Morris Drive
Chesterbrook, PA 19087
Website: peachtreefinancial.com

J.G. WENTWORTH

201 King of Prussia Road,
Suite 501
Radnor, PA 19087
Website: jgwentworth.com

Structured Settlement Annuity Companies

MUTUAL OF OMAHA INSURANCE COMPANY
structured settlement company 5, Mutual of Omaha Insurance website screenshot

Phone: 402-342-7600
800-931-9210
Website: mutualofomaha.com
3300 Mutual of Omaha Plaza
Omaha, NE 68175

Mutual of Omaha Insurance Company was founded in 1909 and is headquartered in Omaha, NE. The company is a full-service, multi-line provider of insurance and financial service products throughout the United States. The annuity solutions to both individuals and groups include: Income annuities (Ultra-Income, Income Access, Deferred Income ProtectorSM, Income Annuity with Premium Return); Deferred annuities (Bonus Flexible Annuity, Ultra-Secure® Plus); Structured Settlements; Group Annuities (Pension Guard®, Retirement Annuity Solutions®, Corporate Annuity Solutions®, Solutions for Gift Annuity Programs®, IRAdvantage Plus®).

Mutual of Omaha Insurance Company has an A+ BBB Rating.

PACIFIC LIFE INSURANCE COMPANY
structured settlement company 29, Pacific Life Insurance Company

Phone: (800) 800-7646
(800) 722-4448
Email: [email protected]
Website: pacificlife.com
P.O. Box 9000
Newport Beach, CA 92658-9030

Headquartered in Newport Beach, CA and offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. The products and services offered by the company for individuals include Annuities, Life Insurance, Mutual Funds, and products for businesses are Life Insurance, Pension Risk Transfer, Real Estate Investments, and Structured Settlements.

Pacific Life has an A+ BBB Rating.

PRUDENTIAL FINANCIAL, INC.
structured settlement company 6, Prudential's Structured Settlement Solutions overview

Phone: 888-778-2888
Website: prudential.com
Prudential Annuities
P.O. Box 7960
Philadelphia, PA 19176

Prudential Financial is one of the world’s largest financial services institutions. Founded in 1875 and headquartered in Newark, NJ, for over 140 years Prudential Financial has helped people grow and protect their wealth. They offer individual and institutional clients a wide array of financial products and services, including Life Insurance, Annuities, Mutual Funds, Group Insurance, Retirement Services, Investment Management, and other financial services to help solve today’s financial challenges. Competitors include New York Life, Metropolitan Life, and American General.

UBS FINANCIAL SERVICES INC.
structured settlement company 4, Employees from The Settlement Solutions Group at UBS

Phone: 877-827-8001
Website: ubs.com
1285 Avenue of the Americas, 16th Floor
New York,
New York 10019

With a 150-year history and a network of offices in over 50 countries on 5 continents, UBS has extensive experience managing the wealth of high net worth and ultra high net worth individuals. UBS offers a wide range of annuity products from some of the most established and well-respected insurance companies in the U.S.

Structured Settlement Consulting Firms

ALLIANT INSURANCE SERVICES, INC.
structured settlement company 27, Alliant Insurance Services

Phone: 312-595-6200
Email: [email protected]
Website: alliant.com
321 North Clark Street
Suite 1200
Chicago, IL 60654

AMETROS FINANCIAL
structured settlement loan company 10, Ametros

Phone: 877 905 7322
Email: [email protected]
Website: ametroscards.com
P.O. Box 827
Burlington, MA 01803

ARCADIA SETTLEMENTS GROUP, INC.
structured settlement company 22, Arcadia Settlements Group

Phone: 800-354-4098 (Corporate Office)
303-337-0400 (Local)
Email: [email protected]
Website: teamarcadia.com
5613 DTC Parkway,
Suite 700
Greenwood Village, Colorado 80111

ATLAS SETTLEMENT GROUP, INC.
structured settlement company, Atlas Settlement Group website menus and a photo of a man, woman, and child

Phone: 404-926-4160
Email: [email protected]
Website: atlassettlements.com
3565 Piedmont Road NE
Building 1, Suite 525
Atlanta, GA 30305

BRADFORD SETTLEMENT COMPANY
structured settlement company 2, Bradford Settlement Company services

Phone: 404.851.1772
Toll Free: 866.851.1772
Email: [email protected]
Website: bradfordsettlement.com
6000 Www prudential com structured settlements Forrest Drive
Suite 280
Atlanta, GA 30328

BRANT HICKEY & ASSOCIATES
structured settlement company 26, Brant Hickey website header

Phone: 412.356.1001
Toll free: 800.364.6488
Email: [email protected]
Website: branthickey.com
1810 Mt. Nebo Road
Sewickley, PA 15143

CAPITAL PLANNING, INC.
structured settlement company 23, Capital Planning Inc screenshot with people reviewing contract

Phone: 952.541.9464
Toll-free: 800.328.3862
Email: [email protected]
Website: capitalplanninginc.com
2051 Killebrew Drive
Suite #640
Bloomington, MN 55425

CHRONOVO, INC.
structured settlement company 3, Website menu and copy promoting Chronovo structured settlement services

Phone: 844 600 6686
Email: [email protected]
Website: chronovo.com
78 Blanchard Road, Suite 206
Burlington, MA 01803

CORNERSTONE SETTLEMENT SERVICES, LLC
structured settlement company 7, Overview of services provided by Cornerstone Settlements

Phone: 901-766-0166
Email: [email protected]
Website: cornerstonesettlements.com
5575 Poplar Avenue
Suite 617
Memphis, TN 38119

CREATIVE CAPITAL INC.
structured settlement company 8, Creative Capital Structured Settlements products and services overview

Phone: 732.249.8669
Toll free: 800.327.9224
Email: [email protected]
Website: creative-capital.com
1200 Tices Lane,
Ste. 102
East Brunswick, NJ 08816

DELTA SETTLEMENTS
structured settlement company 9, Delta Settlements home page screenshot of two men reviewing paperwork

Phone: (904) 598-1110
Email: [email protected]
Website: deltasettlements.com
135 West Bay Street, Suite 500
Jacksonville, FL 32202

FORGE CONSULTING LLC
structured settlement company 10, Man running through field with young girl

Phone: 706-856-2535
Toll free: 866-683-6743
Email: [email protected]
Website: forgeconsulting.com
11 Www prudential com structured settlements Street
Hartwell, Georgia 30643

BLACK, HOLCOMB, SMITH & ASSOCIATES, INC.

structured settlement company 1, Overview of company's work with claimants who received settlements.

Phone: (954) 630-2400
​Toll-free: (888) 395-8772
Email: [email protected]
Website: bhsinc.cc
2888 East Oakland Park Boulevard
Fort Lauderdale, Florida 33306

JAMES E. LOGAN & ASSOCIATES
structured settlement company 11, James E Logan services, case studies, and testimonials.

Phone: (248) 865-3900
Toll Free: (800) 753-7544
Email: [email protected]
Website: logansettlements.com
27750 Middlebelt Road
Suite 100
Farmington Hills, MI 48334

JCR SETTLEMENTS, LLC (FORMERLY GUARDIAN SETTLEMENTS, LLC)
structured settlement company 12, JCR Settlements navigation menus

Phone: (800) 661-7075
Email: [email protected]
Website: jcrsettlements.com
10105 E. Via Linda
Suite 103
Scottsdale, Arizona 85258

JMW SETTLEMENTS LLC
structured settlement company 13, Structured settlement advantages and requirements

Phone: 800 544-5533
202 463-1990
Email: [email protected]
Website: jmwsettlements.com
1725 DeSales Street, NW
Ste 801
Washington, D.C. 20036

KAAS SETTLEMENT CONSULTING
structured settlement company 28, Kaas Settlement Consulting

Toll-Free:(800) 354-2258
Email: [email protected]
Website: tracikaas.com

20341 SW Birch Street
Suite 310
Newport Beach, CA 92660

THE MCNAY GROUP
structured settlement company 14, McNay Group staff in front of company sign.

Phone: 859-626-3600
800-676-2629
Email: [email protected]
Website: mcnay.com
2220 Nicholasville Road
Suite 110-321
Lexington, KY 40503

NFP STRUCTURED SETTLEMENTS
structured settlement company 15, NFP Structured Settlements menus

Phone: (800) 845-2969
Email: [email protected]
Website: nfpstructures.com
5415 Lake Howell Road #180
Winter Park, FL 32792

PAT FARBER’S STRUCTURED SETTLEMENT
structured settlement company 16, Photos of three people and a quote explaining Patrick Farber services.

Phone: 949-833-3910
949-355-4726
Toll Free: 800.734.3910
Email: [email protected]
Website: patrickfarber.com
1851 E 1st St,
Ste 1625
Santa Ana, CA

THE PENSION COMPANY, INC.

Phone: (800) 523-4074
Email: [email protected]
Website: thepensioncompany.com
2200 Renaissance Boulevard
3rd floor
King of Prussia, PA 19406

RINGLER ASSOCIATES INC.

structured settlement company 17, screenshot from Ringler Settlement Consultants website of people shaking hand at the completion of a deal
Phone: (949) 296-9000
(603) 719-1021
Email: [email protected]
Website: ringlerassociates.com
27422 Aliso Creek Road,
Suite 200
Aliso Viejo, CA 92656

SAGE SETTLEMENT CONSULTING
structured settlement loan company 11, Sage Settlement Consulting

Phone: (855) 288-7243
Website: sagesettlements.com
11044 Research Blvd.
Suite D-230
Austin, Www prudential com structured settlements 78759

STRATEGIC PLANNERS, INC.
structured settlement company 25, Strategic Planners

Phone: 800-727-3885
Website: settlementplanners.com
8841 Williamson Dr.
Ste. 30
Elk Grove, CA 95624

STRUCTURES, INC.
structured settlement company 19, Structures Inc

Phone: 844.689.3020
Email: [email protected]
Website: structures.com
3060 Peachtree Rd., Suite 1150
Atlanta, GA 30305

SUMMIT STRUCTURED SETTLEMENTS
structured settlement company 20, Summit Structured Settlements website screenshot

Phone: 515.987.6888
Email: [email protected]
Website: http://summitsettlements.com
755 S.E. Frontier,
Suite 101
Waukee, IA 50263

4STRUCTURES.COM
structured settlement company 21, 4Structures.com website screenshot

Phone: (203)325-8640
(203) 561-6560
Toll-free: (888) 325-8640
Email: [email protected]
Website: 4structures.com
43 Harbor Drive, Unit 309
Stamford, Connecticut 06902

Settlement loans companies:

ABSOLUTE LEGAL FUNDING
structured settlement loan company 1, Absolute Legal Funding website header

(888) 696-6449 New York
(631) 339-1713 Long Island
[email protected]
absolutelegalfunding.com
2100 Middle Country Road
Centereach, NY 11720
BBB Rating: N/A

ALLIANCE CLAIM FUNDING, LLC
structured settlement loan company 2, Alliance Claim Funding

(212) 847-9565
(888) 374-2822
[email protected]
[email protected]
allianceclaimfunding.com
1180 Ave of the Americas, Eighth Floor
New York, NY 10036
BBB Rating: A+

AMERICAN LEGAL FUNDING, LLC
structured settlement loan company 3, American Legal Funding

(480) 515-3698
americanlegalfunding.com
17700 N. Pacesetter Way #104
Scottsdale, AZ 85255
BBB Rating: A+

BLACK DIAMOND FUNDING
structured settlement loan company 4, Black Diamond Funding

(954) 520-9248
[email protected]
blackdiamondfunding.com
8201 Peters Road Suite 1000
Plantation, Florida 33324
BBB Rating: N/A

CASH IN YOUR CASE, LLC
structured settlement loan company 12, Cash In Your Case

(800) 526-8098
[email protected]
cashinyourcase.com
1400 Old Country Road, Suite 414
Westbury, NY 11590
BBB Rating: N/A

CASH4CASES INC.
structured settlement loan company 5, Cash 4 Cases

(212) 684-1060
[email protected]com
cash4cases.com
228 Park Ave South
New York, NY 10003
BBB Rating: N/A

CRASH KING FUNDING LLC
structured settlement loan company 13, Crash King Funding

(203) 515-1175
crashkingfunding.com
304 Main Ave #354
Norwalk, CT 06851

FUND CAPITAL AMERICA
structured settlement loan company 6, FCA Legal Funding

(310) 424-5176
[email protected]
fundcapitalamerica.com
714 W. Olympic Blvd 710
Los Angeles, CA 90015
BBB Rating: N/A

GREAT BAY CAPITAL INC
structured settlement loan company 7, Great Bay Capital

(843) 324-6848
[email protected]
greatbaycapital.com
26 Flagship Lane
Hilton Head Island, SC 29926
BBB Rating: N/A

LAW CASH
structured settlement loan company 8, LawCash

(718) 875-0605
[email protected]
lawcash.net
26 Court Street
Suite 1104
Brooklyn, New York 11242
BBB Rating: A

LAWCAPITAL ENTERPRISES, LLC
structured settlement loan company 9, LawCapital

(360) 694-0330
lawcapital.com
7642 NE Hazel Dell Avenue
Vancouver, WA 98665
BBB Rating: A+

LAW STREET CAPITAL
structured settlement loan company 14, Law Street Capital

Phone: 888-557-1637
Email: [email protected]
Website: lawstreetcapital.com

OASIS FINANCIAL
structured settlement loan company, Oasis Financial pre-settlement financing highlights for borrowing.

Phone: 877.333.6675
Email: [email protected]
Website: oasisfinancial.com
9525 W. Bryn Mawr Ave, Suite 900
Rosemont, IL 60018

last updated: July 8, 2021

Источник: https://paymaster.co/

Michelle Caine of Prudential Financial Becomes the New NSSTA President

CHARLESTON, S.C., April 3, 2019 /PRNewswire-PRWeb/ -- The National Structured Settlements Trade Association (NSSTA) is pleased to announce that Michelle Caine, J.D. LL.M, the Director of Relationship Management at Prudential Financial, was installed as President during the organization's 2019 Annual Meeting. Caine becomes only the second woman to hold the top leadership role at NSSTA.

Caine, who has more than 20 years of experience in the structured settlements industry, has served on the NSSTA Board of Directors since 2014. "It is www prudential com structured settlements honor to take on this leadership role and I look forward to working with the leadership team, the Board and our membership to promote the use of structured settlements and help physical injury claimants and their families achieve financial security," said NSSTA President Michelle Caine.

With a focus on education, Caine outlined her strategic priorities for NSSTA for the coming year. Caine said, "No one expects to suffer an injury and most people who are injured have never heard of a structured settlement. It is www prudential com structured settlements important for us to raise the awareness and educate people about the benefits of structured settlements so that more claimants can take advantage of this important settlement option."

NSSTA also installed Michael W. Goodman, Esq., CSSC, as President-Elect. Goodman is Co-founder and President of NFP Structured Settlements with experience as a structured settlement consultant since 1991. He also served as NSSTA President in 2015. "As the industry continues to change, it is imperative that we focus on being settlement solution experts," NSSTA President-Elect Michael Goodman said. "NSSTA will continue to pave the way by focusing on education, growth and innovation as we propel the next generation of consultants. I look forward to working with everyone to focus on this mission."

NSSTA Executive Director, Eric Vaughn said, "Everyone is thrilled to have Michelle Caine and Michael Goodman lead NSSTA with their depth and diversity of experience. At our Annual Meeting, we witnessed exciting member engagement in our educational, legislative, legal, judicial and leading edge innovative business sessions."

About NSSTA: Since 1985, the National Structured Settlements Trade Association (NSSTA) is the leading voice of www prudential com structured settlements structured settlement industry, representing more than 1,200 professional structured settlement consultants, life insurance industry leaders, property casualty company claims officials and lawyers from across the United States and Canada. A structured settlement is a tax-free stream of periodic payments paid to an injured party by the defendant primarily through the purchase of annuity (fixed and determinable) issued directly by highly rated life insurance companies.

For more information, please visit http://www.nssta.com.

SOURCE National Structured Settlements Trade Association (NSSTA)

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

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Источник: https://markets.businessinsider.com/news/stocks/michelle-caine-of-prudential-financial-becomes-the-new-nssta-president-1028083953

Want to sell your Prudential annuity?

Contact us by completing our contact form or calling www prudential com structured settlements to inquire about getting cash by selling your Prudential annuity.

  1. Determine the amount you would like to borrow from your annuity.
  2. Fill out and submit a Loan Application to your employer for approval.
  3. If your application is approved by your employer, either you or your employer will forward it to Prudential for processing.

Prudential Overview

Founded in 1875, Prudential Financial, Inc. is a financial services company that provides, among other things, investment management, insurance, annuities, mutual funds, and pensions. Prudential offers products and services to individual and institutional customers in the United States, Asia, Europe, and Latin America. Prudential has hundreds of subsidiary companies and holds over $2 trillion of life insurance.

Prudential Loan Basics

For Prudential customers who have their annuity through their employer, Prudential requires that the loan application be approved by the employer’s human resources department. Once the “Your Plan Authorization” section of the application has been completed by the benefits/human resources office, the application may then be forwarded to Prudential for processing.

The following is a summary of some of the important terms and conditions in the loan application agreement:

Loan limits

1) The borrower can borrow the lesser of $48,000 which is reducible by the excess (if any) of: (a) the highest outstanding balance of loans from the plan during the 12 months ending on the day before the day on which the loan was made, over (b) the outstanding balance of loans from the plan on the date on which such loan was made.

OR

2) One-half of the present value of the non-forfeitable accrued benefit of the employee under the plan, subject to other requirements.

Loan amount

Subject to the terms of the borrower’s plan, the loan will either be 1) pro-rated across all available contribution types and investments, or 2) taken in a specific sequence.

Loan duration

The borrower must select the amount of time for repayment of the loan, which cannot exceed 5 years.

Loan fees

The loan application fee is $25 and will be deducted from the borrower’s account. If the borrower would like the loan check delivered by express mail, there will also be additional charge of $10.50.

Reinvesting of loan payment

The borrower’s loan payments will be re-invested according to the borrower’s current contribution investment direction. However, the borrower can change the loan payment investment direction, if permitted by the plan, by contacting Prudential.

Interest rate

The interest rate of the loan will be based on the bank prime loan rate on the last business day of each quarter. But, the borrower’s plan may specify an alternate interest rate. This interest rate will not change during the repayment period of the loan.

The company will declare the interest rate quarterly, but they reserve the right to change the loan interest rate more frequently. Prudential also has the right to change the basis for determining the interest rate with 30 days notice.

Interest on the loan is not deductible for federal income tax purposes.

Payments

Repayment amounts will include both interest and a portion of the outstanding principal. These repayments will be invested in the borrow’s investment account allocation on the date of the loan payment, though the borrower may choose otherwise. The loans may also be fully repaid, including outstanding principal and accrued interest, at any time without penalty. The company will send the borrower a bill about 20 days before the next payment due date.

Defaults

The loan may be determined to be in default by the plan administrator or its agent for the following reasons:

  1. Borrower fails to make a payment on time.
  2. The borrower dies.
  3. Borrower fails to make timely payments on any other or future debts owed to the Plan.
  4. If it’s discovered that any statement or representation made by the borrower regarding the loan is materially false or incomplete.
  5. Borrower’s failure to act in accordance with the terms of the loan agreement or other loan-related document.
  6. Borrower becomes insolvent or bankrupt.
  7. Any action by borrower that would cause the Plan Administrator to reasonably conclude that such action would adversely affect borrower’s ability or likelihood to repay the loan.
  8. Borrower’s employment with the employer sponsoring the Plan terminates. But, if allowed under the Plan, the borrower may continue to make payments after termination of employment if the borrower follows certain requirements.

In the event of a default on the loan, the company or Plan may accelerate the loan and the entire amount of unpaid principal and accrued interest will be reported to the IRS as income to the borrower. The taxation of the loan amount will be in the year of the default and may incur a penalty from the IRS. Further, the default of a loan may negatively impact the borrower’s ability to secure a future loan.

Annuity important notes

Unless otherwise allowed in the borrower’s employer’s plan, each borrower is permitted only two outstanding loans at once.

Also, if the borrower decides to refuse the loan, he/she will have 10 business days from the date of issue to return the original loan check to the company. Thereafter, the amount of the loan will be reinstated to the borrower’s account and invested as dictated by the borrower’s current investment election, at current market prices on the settlement date of the transaction.

Источник: https://www.annuityfreedom.net/loan-companies/prudential/

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