Are you looking to get immediate money from your structured settlement annuity? You can now sell your annuity or structured settlement payments for cash. Depending on the terms of your structured settlement, you may also be able to sell survivor benefits. Selling your structured settlement to a factoring company is legal and requires court approval. It's important to understand the process and the laws that govern it before making a decision.
When it comes to selling your annuity or structured settlement payments, forty-eight states and the federal government have enacted additional consumer protection laws that set strict conditions. People who have structured settlements do have the right to sell them for cash. This can be done through factoring companies that provide a lump sum, cash payment in exchange for selling regular structured settlement payments. Most structured settlements can be sold, whether for personal injury, medical malpractice, or another type of case.
In most states, you will need to work with a structured settlement company that will structure an offer for your sale of structured settlement annuities. Once completed and you agree that the offer meets your needs, the buyer will ensure that your structured settlement annuity sale is approved by a state court in the state in which you reside. The judge must approve your structured settlement annuity sale to make sure it's in your best interest. For example, if you have no income other than your structured settlement annuity payments, the judge will want to make sure that, before selling your structured settlement annuity, you have a source of income that can cover your important needs, such as food, rent, and health care, if needed. If you don't have any paperwork, that's fine, your structured settlement annuity buyer can help you get copies of any information you need.
Although it can cost you a little money, good advice from your lawyer or financial planner can save you thousands of dollars during the sales process. In all cases, you should not feel restricted by the payment schedule of your structured settlement. After the court approves the transaction, you will send a copy of the order to the administrator of your structured settlement. For example, the structured settlement annuity could have been awarded when the accident victim was a minor, but now, as an adult with a full-time job, they would benefit more from receiving a lump sum of money today. You can sell your pension and receive a cash settlement in advance, but that doesn't mean you have to sell your entire pension. Evidence of Benefit through Settlement Agreement or Annuity Contract Proof of Identity Court Approval.
They can't sell you something over and over again if they make it too good or solid the first time. If you can't find the answers you're looking for in the list of frequently asked questions below, contact a structured settlement buyer to discuss your options. Keep in mind that this time frame may fluctuate from state to state, as laws governing the sale of structured settlements differ. Regardless of the circumstances or nature of the structured settlement, the transaction must be reviewed and approved by a judge in a court of law. But if you specifically have a structured settlement and receive payments from an insurance company because of a lawsuit of some kind, we can almost guarantee that we can help you in the process of getting cash now by selling your structured settlement payments. As the nation's leading structured settlement payment purchasing company, we've handled countless cases at all different levels. Pre-settlement lawsuit financing allows people in financial need to get a lump sum advance against the proceeds of their lawsuit before it is completed. If you need a company to buy your structured settlement payments because you need a cash payment, look no further than RSL.
Still, just as you may seek a second opinion after receiving a medical diagnosis, you should also review documents or questions with your own attorney before committing to a structured settlement sale.