Exhibit,Appendix: J.G. Wentworth Originations, Llc v. United States Life Insurance Company In The City Of New York, American General Annuity Service Corporation, Inna Anderson
On July 24, 2023 a
Exhibit,Appendix
was filed
involving a dispute between
J.G. Wentworth Originations, Llc,
and
American General Annuity Service Corporation,
Inna Anderson,
United States Life Insurance Company In The City Of New York,
for Special Proceedings - Other (Transfer-Structured Sett.)
in the District Court of Nassau County.
Preview
FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023
i
EXHIBIT B
FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023
AccountlDr 2035782
June 5,·2023
NEW YORK
DISCLOSURE STATEMENT
We will purchase the following payments (Purchased . *ayments) from You;
A) 11 annual payments of $4,79116 each, beginning o n September 1, 2024 and ending on
September 1, 2034
(THE REMÃlNDEROF TliE PAGE INTEN FIONALLY L1FT BLANK)
-1-
2001 ", Wentworghoriginations. LLC
FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023
Amew n 2035M
June 5, 2023
The aggregate amount of the Purchased Payments is $32,702.76.
The discounted present value of the aggregate Purcha ed Payments at the federal interest
rate of 4.20% is $41,119.26. The discounted present v due is the calculation of the Eurrent
value of the transferred structured settlement paymerr ts (Purchased Payments) under
federal standards for yaluing annuities.
The gross amount payable to seller (You) is $25,000 et .
No other expenses are incurred by You.
The net amount payable to the seller (You) is $25,000. )0. The net tash payment You
receive in this transaction from Us was determined by applying the specified discount rate
to the amount of future payments received by Us, less the total amount of commissions,
fees, costs, expenses and charges payable by You.
The net amount that You will receive from Us in exch ange for Your future structured
settlement payments represents 60.79% of the estiniat :d current value of the payments
based upon the discounted value using the applicable iderãl rate.
BASED ON PRICE QUOTES FROM METLIFE INT ESTORS INSURANCE
COMPANY AND PACIFIC LIFE INSURANCE COMPANY THE CURRENT COSTS
OF PURC‰ASING A COMPARABLE ANNUITY FOR THE AGGREGATE AMOUNT
OF PAYMENTS TO BE TRANSFERRED IS $42,159 28 AND $42,086.00
RESPECTIVELY.
Based on the net arnount that You win receive in payt tent from Us and the amounts and
timing of the structured settlement payments that Yet are selling to Us, this is the
etguivalent of interest payments to Us at a rate of 143)% per year. PLEASE NOTE
THAT THIS IS NOT A LOAN, BUT A SALE OF PA EMENT RIGHTS AND
THE
INTEREST FIGURE IS ONLY PROVIDED AS AN ILLUSTRATION OF THE
ECONOMIC IMPACT OF THE SALE,
Notice of Cancellation Rights;
You may cancel without penalty or further obligation not later than the fifth business day
after Your receipt of payment from Us.under the tran afer agreement (Purchase Contract).
-2-
o wn in WenhvorfhOrigintions,LLG
FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023
Account ID: 2035732
June 5, 2023
Please be advised there are no penalties or liquidated damages payable by You in the
event of breach of the transfer agreement (Purchs se Contract) You.
any by
Please be advised that You may be subject to. adverse federal and state income. tax
consequenees as. a result of the proposed transacfh n. You should consult Your own
counsel, accountant, or financial advisor federal or state income tax
regardinr any
consequences arising from the proposed transfer.
By signing below, You are confirming receipt of this E isclosure Statement at least 10 days
prior to You executing the transfer agreement (Purch Ise Contract).
ENNA ANDERSÒN
O thf I m Wentwatib oripinations. Ltr
FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023
NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023
FedEx°
Tracking
DELIVERED
Saturday
6/24/2023 at 10:59 am
Signed by· Signature not required
for
Package delivered to recipient address
1 Obtain proof of delivery
How was your delivery?
DELIVERY STATUS
Delivered
TRACKING ID
772542835829
FROM
Chesterbrook, PA US
Label Created
6/23/2023 11:52 AM
WE HAVE YOUR PACKAGE
KING OFPRUSSIA, PA
6/23/2023 4:43 PM
IN TRANSIT
MELVILLE, NY
6/24/20239:18AM
OUT FOR DELIVERY
MELVILLE, NY
Preview
FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023 i EXHIBIT B FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023 AccountlDr 2035782 June 5,·2023 NEW YORK DISCLOSURE STATEMENT We will purchase the following payments (Purchased . *ayments) from You; A) 11 annual payments of $4,79116 each, beginning o n September 1, 2024 and ending on September 1, 2034 (THE REMÃlNDEROF TliE PAGE INTEN FIONALLY L1FT BLANK) -1- 2001 ", Wentworghoriginations. LLC FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023 Amew n 2035M June 5, 2023 The aggregate amount of the Purchased Payments is $32,702.76. The discounted present value of the aggregate Purcha ed Payments at the federal interest rate of 4.20% is $41,119.26. The discounted present v due is the calculation of the Eurrent value of the transferred structured settlement paymerr ts (Purchased Payments) under federal standards for yaluing annuities. The gross amount payable to seller (You) is $25,000 et . No other expenses are incurred by You. The net amount payable to the seller (You) is $25,000. )0. The net tash payment You receive in this transaction from Us was determined by applying the specified discount rate to the amount of future payments received by Us, less the total amount of commissions, fees, costs, expenses and charges payable by You. The net amount that You will receive from Us in exch ange for Your future structured settlement payments represents 60.79% of the estiniat :d current value of the payments based upon the discounted value using the applicable iderãl rate. BASED ON PRICE QUOTES FROM METLIFE INT ESTORS INSURANCE COMPANY AND PACIFIC LIFE INSURANCE COMPANY THE CURRENT COSTS OF PURC‰ASING A COMPARABLE ANNUITY FOR THE AGGREGATE AMOUNT OF PAYMENTS TO BE TRANSFERRED IS $42,159 28 AND $42,086.00 RESPECTIVELY. Based on the net arnount that You win receive in payt tent from Us and the amounts and timing of the structured settlement payments that Yet are selling to Us, this is the etguivalent of interest payments to Us at a rate of 143)% per year. PLEASE NOTE THAT THIS IS NOT A LOAN, BUT A SALE OF PA EMENT RIGHTS AND THE INTEREST FIGURE IS ONLY PROVIDED AS AN ILLUSTRATION OF THE ECONOMIC IMPACT OF THE SALE, Notice of Cancellation Rights; You may cancel without penalty or further obligation not later than the fifth business day after Your receipt of payment from Us.under the tran afer agreement (Purchase Contract). -2- o wn in WenhvorfhOrigintions,LLG FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023 Account ID: 2035732 June 5, 2023 Please be advised there are no penalties or liquidated damages payable by You in the event of breach of the transfer agreement (Purchs se Contract) You. any by Please be advised that You may be subject to. adverse federal and state income. tax consequenees as. a result of the proposed transacfh n. You should consult Your own counsel, accountant, or financial advisor federal or state income tax regardinr any consequences arising from the proposed transfer. By signing below, You are confirming receipt of this E isclosure Statement at least 10 days prior to You executing the transfer agreement (Purch Ise Contract). ENNA ANDERSÒN O thf I m Wentwatib oripinations. Ltr FILED: NASSAU COUNTY CLERK 07/24/2023 04:20 PM INDEX NO. 611702/2023 NYSCEF DOC. NO. 7 RECEIVED NYSCEF: 07/24/2023 FedEx° Tracking DELIVERED Saturday 6/24/2023 at 10:59 am Signed by· Signature not required for Package delivered to recipient address 1 Obtain proof of delivery How was your delivery? DELIVERY STATUS Delivered TRACKING ID 772542835829 FROM Chesterbrook, PA US Label Created 6/23/2023 11:52 AM WE HAVE YOUR PACKAGE KING OFPRUSSIA, PA 6/23/2023 4:43 PM IN TRANSIT MELVILLE, NY 6/24/20239:18AM OUT FOR DELIVERY MELVILLE, NY