More and more people are choosing to sell their settlement for a one time structured settlement lump sum payment. Very often people find themselves in a situation where they find that having a lump sum payment is better than a stream of annuity payments. Buying a home, paying for college, or starting a business are some of the reasons why people opt for one time structured settlement cash payment.
Need To Sell
Sometimes events in life trigger a situation where you need immediate cash. Many people opt to sell a part or whole of their structured settlement to pay for their divorce, medical expense or to settle their debts. On the other hand, many people use their structured settlement lump sum payment to take advantage of a lucrative investment opportunity. Some use this money to invest in their own business or start a new business.
Whatever your reasons for opting for structured settlement lump sum payment maybe, you need to take the decision only after considering all the consequences. A structured settlement broker can help you with this. A broker or an attorney can help you get an idea as to how much money you need.
Before You Sell
Maybe your needs can be taken care of with partial sale or maybe you need to sell your whole settlement. However, before you decide to sell your structured settlement you need to look into your state laws and see what restrictions are imposed. Next you need to find a structured settlement buyer or company that will offer you a good price. You can fill out the form here and get a free quote. A broker or an attorney will be able to negotiate in your favor and get you more money for your settlement. Moreover, an attorney or a broker will be able to explain you all aspects of structured settlement process.
Choose The Right Company Or Buyer
Moreover, you need to ensure that the company that you choose for structured settlement lump sum has a sound financial background. After all you do not want do business with a company which might be unable to pay you once you sign over your annuity. So do your research well. You can always get a free quote with a click of a mouse.
In the form you need to provide the name of the life insurance company that is backing your annuity, amount of each payment, the number of payments that are left and the date of payment. Based on how many payments are left and the amount you need, the annuity buyer would determine the value of your structured settlement.
The entire process of getting structured settlement lump sum takes around ten to twelve days. Finally, remember that the court needs to authorize the sale before you get the money. You can get started by getting a free quote here.
