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Litigation

: Structured Settlements 4Real

Symetra Doesn't Really Want To Be In The Structured Settlement Business Do They?

By John Darer

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Excuse this very public and deserved "UP YOURS!", but Symetra Life Insurance Company can dump my appointment.  Please don't send any more software updates. And don't call me, I'll call you.

After reading the below linked solicitation on Rhonda Bentzen's web site, it's hard to imagine, in my opinion, how ANY legitimate structured settlement broker or settlement planner would want to be associated with the Symetra Life Insurance Company structured settlement program.

Download symetra_letter.pdf

The immediate reaction can best be summed up in this notable English football chant (have speakers on). 

Every trial lawyer representing a tort victim in America should download and read the Symetra solicitation and understand what it means. Apparently Symetra Assigned Benefits Service Company  (SABSCO), the assignment company for structured settlements placed with Symetra Life Insurance Company is sending out a quarterly letter in form and substance to the above from Jesper (pronounced "Yespah") Hansen. It's clear that if you place structrued settlement business with Symetra that tort victims will be targeted. Can you believe Yespah's "I would like to answer any questions you may have about this type of exchange, and to explore whether receiving a lump sum payment would better suit the financial needs of your family"?

It's high time that structured settlement brokers, settlement planners, tort victim lawyers said "no mah" to "yespah" and Symetra's business practice.

In my opinion the members of the NSSTA should be thankful that Symetra's shipwrecked structured settlement program is no longer part of the NSSTA. It is a pity that an organization which has such fine roots when it was called SAFECO, and it was actually rated A+ by AM Best, has plunged into the moral grunge.

What NSSTA member firm that is still contracted to Symetra believes that a contractual association with Symetra under these circumstances is good for business? Who else has the balls to make a statement here?

Here's my resignation letter to Symetra   Download jdd_protest_letter_to_kim_mcsheridan_symetra_01212008.pdf  Where's yours?

Full post as published by Structured Settlements 4Real on January 23, 2008 (boomark / email).

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