How to get money from my annuity settlement?
11. How to get money from my annuity settlement? (135 words)
The lump sum payment you received from your buyer will be transferred to a bank account that you have requested the money to be transferred to. The entire process can take as little as 18 days in some states, but often you can expect it closer to around 45-60 days. However, the wait will usually be around six to eight weeks on average.
The process begins by collecting the documentation to prove that you are the owner of the structured settlement, and then you will need to fill out the necessary paperwork and find a buyer. It is advised not to be in too much of a hurry, as shopping for a qualified buyer can be a bit like shopping for a new car. In other words, you can receive a quote from each buyer, and then choose the one you think will serve you best.