Selling Annuity Payments: The Process

Get Cash for Future Structured Settlement Annuity Payments: How It Works

Getting cash for future structured settlement annuity payments involves transferring the right to receive these payments, in exchange for a lump sum of cash. If you are considering getting cash for your future structured settlement annuity payments, we can help you determine how much your payments are worth should you decide that selling your payments would suit your needs.

By selling your future payments, you transfer the financial risk associated with your future payments to our firm, and away from you, the seller. Should these payments stop for any reason, you would already have your lump sum of cash. In purchasing your payments, our firm absorbs the risk that, for any number of reasons, the future payments will not occur. The transfer involves no payment of fees or taxes by those who receive cash for future structured settlement annuity payments. The money you receive is tax free, forever.

If you would like to learn more about how to get cash for structured settlement annuity payments, contact Structured Settlement Investments today. Our experienced financial advisors will be happy to speak to you.

Our Firm Takes On the Risks Associated with Future Payments

It is always possible that an insurance company, former employer, or other payer will go bankrupt or otherwise default on their structured settlement payments. In receiving a lump sum of cash for your future structured settlement annuity payments, you transfer this risk of non-payment to the buyer, our firm. If your income stream disappears after the sale of future payments, the purchaser of your payments absorbs the loss. In selling your structured settlement payments, you pass the risks associated with future payments to the buyer of structured settlement payments. Any future non-payment will not affect you, the seller, or your lump sum payment. In return for taking on this risk and for giving you more money than the payments entitle you to at the present time, our firm purchases the right to receive your periodic structured settlement payments.

back to top

How the Sale of Structured Settlement Annuity Payments Works

The buyer of structured settlement annuity payments is responsible for all costs, including legal fees, associated with the sale of structured settlement annuity payments. Inflation affects only the buyer, and not you, the seller. The cash you receive when you sell your future structure settlement annuity payments is tax-free forever.

Please note that you have a choice between selling all, or only a part, of your settlement. Some financial records and documentation are required. The credit rating of those receiving cash for future structured settlement annuity payments is usually not an issue in the sale of structured settlement annuity payments, even if the seller has had trouble with credit in the past, or has no credit at all.

The process of receiving cash for your future structured settlement annuity payments usually involves several steps, including providing financial documentation of the payments to be received. In some areas the process requires court approval. The sale of structured settlement annuity payments is a routine transaction. For most sellers, the sale will be fairly simple. It is rarely necessary to secure legal representation in such transactions, although you may find it beneficial to have an attorney review any contracts associated with the sale of your structured settlement annuity payments.

back to top

When getting cash for future structured settlement annuity payments, the seller typically submits an application and offer letter to a broker or buyer, and in exchange receives the broker or buyer’s best offer. At this stage, it may be worthwhile to compare the offers of various brokers. Some brokers pursue competitive offers from many funding sources, offering fair, desirable prices to their sellers, while others have exclusive relationships with a single funding source, reducing competition and ultimately lowering the price the brokerage can offer the seller. If you are considering selling your structured settlement payments, you should verify that the broker is certified.

Most brokers offer a fast turn-around time. Much of the process depends on local laws, as well as the willingness of the seller’s insurance company to cooperate in the sale. Legal hassles or foot-dragging on the part of the insurance company may slow the sale, but usually the seller can overcome most setbacks in a sale with little trouble. Sales are typically completed within 4 to 16 weeks. Most people getting cash for future structured settlement annuity payments receive their funds within eight weeks.

The procedures involved in the sale of future payments vary based on your individual circumstances, as well as applicable state laws. However, if you are considering getting cash for your future structured settlement annuity payments, please note that regardless of differences in individual cases, the seller is protected from risks, costs, and taxes.

Contact Structured Settlement Investments Today

If you have considered receiving cash for future structured settlement annuity payments, we can help you determine if this is the right option for you. To learn more about selling future payments for cash, contact Structured Settlement Investments today. An experienced financial professional at our office will be happy to help you.

back to top