Sell Structured Settlement Payments

Sell structured settlement payments for cash today for a small lump sum of money. Many companies today offer to purchase your structured settlements. They will do this by reviewing your current quotes and evaluating your individual case. If you are approved, they will issue you a check in about 2 weeks. Here is how it works.

When you were injured in an accident, you had a structured settlement. This type of arrangement paid you a regular monthly payment for a certain number of years until it was paid in full. It was then converted to an annuity. The insurance company would purchase the annuity and maintain the payments until the life of the person who was receiving them was fulfilled. At that time, the insurance company would sell the payments to a third party who would then give you a lump sum payment today.

Now, you may wonder how selling structured settlement payments makes any sense at all. You received a predetermined amount for a specific period of time, right? So why would you sell it for anything other than the lump sum payment? It is very simple. Insurance companies charge a percentage on your remaining balance. Some companies will only charge a flat fee which is based on the current market value of the structured settlement.

While other companies may require fees to buyout the policy at a certain amount, some don’t. Those that don’t charge anything for the buyout are called “non-insurance providers”. Those that do charge fees are called “insurance providers”. Therefore, anyone looking to sell their structured settlement annuities should be aware of which company they are working with before they decide on which one to work with.

Some companies also allow their customers to use their money to buy additional structured settlement annuities. You may decide to do this if you are not receiving any payments from your first company. You can then divide the total amount of the payments you receive each year among your children or other beneficiaries. Since the total amount is lower than the total you initially received, you will probably be offered a lower lump sum payment in return for your initial payments. This can be a great way to pay for unexpected medical bills or college tuition. It can also help to replace your income if you were forced to work in the low-paying field mentioned above.

Another option you have available to you is to cede some of your future structured settlement annuities to a beneficiary who would benefit from receiving them. This is usually done in exchange for some lump sum payments. You can ask your doctor or lawyer to handle the details of the buyout offer. You must understand that any of these options can have some serious tax consequences in the future. Therefore it is important to consider all of these factors before making a decision on how to sell your structured settlements.