What percentage is taken when selling a structured settlement?
The discount rate is the percentage that is taken from the value of your structured settlement at the time of a sale. We have seen discount rates that have ranged from the low eight percent bracket all the way up the 22 percent. One factor is the value of your settlement. Some settlements offer a quicker return for a buyer, and are therefore more valuable. Others may pose more risk due to the insurance company rating, which is another factor for determing the value.
Considering the number of different settlements out there, it is advised get more than one quote, so that you have an idea of the kind of discount rate you should expect. In addition to its value, every buyer will have their own set of guidelines, so you will likely notice that the percentage taken will differ depending on where you are getting a quote from. This is why it is important to receive several quotes before choosing the best one.
My Structured Settlement Cash is very competitive when it comes to providing the best quote and is often the preferred choice.