Selling your payments for structured settlements or annuities may be the solution you need to solve a financial problem. Whether you are thinking of buying a home, starting a small business, paying off debts or a student loan, no doubt that using a portion of your future payments could help you get back in control of your finances. When you face a great need or emergency, having access to your annuity is much better than putting your whole life on hold. Getting money today by selling your future payments can help you improve your home or pay for your children's education - without having to wait.

Reasons to sell your payments
  • Buy or repair a house
  • Start or invest in a business
  • Pay for university studies
  • Get out of debt (credit cards, student loans, medical expenses, etc.)
  • Divorce
  • Invest (in properties, stocks, retirement funds)
  • Settle a long-term investment, such as a private mortgage.

Sales options


Partial

If you sell a portion of your payments, you will continue to receive income on a regular basis, without losing tax or tax (tax) benefits. The structured settlement will continue by providing these tax advantages, and extend to his heirs or beneficiaries if you die before receiving all scheduled payments.

Total

Choosing the sale of all future payments of your structured settlement for what remains of the term thereof means that you will reduce to zero all your investment in this instrument, ending with the possibility of receiving periodic payments in the future. But you will eventually have a single and final payment on your hands, with which you can make any investment.

Ultimate and final payment or lump sum

The sale of a final and final payment over time will also give you an important amount of money at the time, but it guarantees a constant flow of income in the future according to the terms of the structured settlement contract, while maintaining the same tax benefits that before.

How to sell your annuity or structured settlement?

The process of selling your structured settlement payments is basically very straightforward, starting with your decision to proceed with the sale, getting an appointment in a court, and finally receiving the money in your hands. The companies dedicated to contribute funds complete more than 1,000 transactions of this type per month. However, what we can offer that our competitors simply can not is: a complete, dedicated and fast customer service team; Offer a free estimate in minutes and cash advance when the operation is approved.

1. Make the decision to sell

If you need cash for a valid reason, because it is your only alternative, and because selling the payments will not negatively affect your financial future, then make the decision and start the process.

2. Contact Structured Settlement Annuity Companies

Contact structured settlement annuity companies, who will guide you through all the steps necessary to sell the payments of your structured settlement.

3. Get a free estimate

Structured settlement annuity companies offer you a competitive estimate, free and in a matter of minutes.

4. Cash advances

Once structured settlement annuity companies reach an agreement, structured settlement annuity companies can provide you with an immediate cash advance , so you can start using your money without having to wait.

5. Get an appointment in court

After all the documents are consigned, you will first have to present to a judge the reasons why you want to proceed with the sale. If approved, you can then receive your money.

6. Cash in your hands

Once the court accepts the transfer, you will have access to your money.

How much money will I receive?

The amount of money that you will receive for the sale of the future payments of your structured settlement depends on several factors. The first thing is the company that you choose to do business with. Many people interested in selling their payments investigate and try to see who can offer the best price. There is nothing wrong with that: our customer service staff will offer you competitive prices that will exceed the estimates of our competition.

The amount you receive will also depend on how many payments you are going to sell and when those payments should be distributed to the beneficiary. If there are more payments that you will sell, the payment you will receive will be higher. And we recommend that customers keep their future payments in their power as they can.

Factors that affect the future value of your annuity payments:
  • Amount of payments and how many would like to sell
  • Extension and timing of your payments
  • If there is any lump sum that also wants to sell
  • Economic conditions of the moment
  • Commissions and extra charges

Final price

You need to understand, when you start the process, that it is a business transaction. Companies that purchase structured payment settlements do so with the intention of obtaining some kind of profit at the end of the day. For you, this means that if your annuity is valued at, let's say, about $ 250,000, you will be offered an amount below that as a single and final payment.

How much less?

It could be as low as 50 percent. In many cases, the offer could be in an amount that is between 60 and 80 percent of the original value. The percentages are based on financial market conditions, particularly the institutional interest rates set by the Federal Reserve of the United States, and the conditions change constantly. In fact, the discount amount is the price you are paying for the ability to receive the money immediately.

Structured settlement loans

For banks, the income that any person can receive through structured settlements is viewed in a different way than other assets. To begin with, a bank will not accept future payments as collateral or collateral for a loan, so it can not ask for a loan and use its contract as collateral for payments.

However, you have the right to transfer your payments to a third party, to a company that is dedicated to the purchase of future payments of structured settlements. This company can give you cash immediately, which is basically a loan in exchange for accepting a portion of your future payments.

The company then takes the risk and provides you with the money you need to meet your current needs. In exchange for that money, the company will then be the owner of all or some of your future payments stipulated in the agreement.

Legal

Investigate and know the laws

Although the manner in which your annuity contract is drafted could restrict your sale or transfer to another entity, the sale of your rights to future payments is completely legal. Purchasers of annuities and agreements must comply with the provisions of federal and state laws. In total, 43 states have approved laws known as Structured Settlement Protection Acts (SSPAs) that safeguard their rights, while establishing the legal framework for the transfer of future payments in structured settlements to third parties.

The Congress promotes and regulates the use of these agreements. They passed the Federal Periodic Payment Settlement Act in 1982, ensuring that revenues from structured settlements can not be subject to payment of local, state or federal taxes. They also require that a state court approve the transfer and determine if the reasons you have for the sale of your structured settlement are legitimate, and that what you do is in the best interest of any dependent you may have.

Advise yourself

Get advice from a lawyer or financial planner

Even if it could cost you some money, timely advice from your lawyer or a financial planner could save you thousands of dollars. Your advisors can warn you about a low or poor (estimated) valuation of your structured settlement, or save you money in taxes. As part of the process of selling a structured settlement payment, you will be represented by a lawyer before a judge or court approves the sale.

Have your own lawyer

Very often, the company that makes the estimate will provide a lawyer as part of the entire process, but the company will not discourage you from having your own lawyer. Or, at least, it should not. If you do so, it is a clear signal that perhaps you should look for another buyer for future payments.