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Sell Structured Settlement

In order to sell structured settlement payments, Annuitants must first determine if their state allows this type of transaction. Approximately two-thirds of states' prohibit selling annuity payments. States which allow selling or transferring payment rights often require Annuitants to obtain court approval.

People elect to sell structured settlement annuities to obtain lump sum of cash to pay off debts or for investment purposes. Individuals who obtain approval to sell annuities can do whatever they choose with the money. The exception is when court approval is required. States requiring court authorization generally require Annuitants to provide good reason for selling future annuity payments and require funds to be used according to the reason presented in court.

Annuities can be sold to real estate investors, investment companies, financial institutions, and cash advance providers. Few banks buy annuity payments, but some do still exist. If you're able to sell structured settlement payments you might have to do a bit of investigative work to locate a reputable buyer.

Annuity payments are backed by life insurance companies and Annuitants must obtain authorization to transfer payment rights. Structured settlements can be sold in whole or part. Most people sell a portion of payments to obtain required funds. Unless extenuating circumstances are involved, courts rarely allow Annuitants to sell their entire settlement.

It's important to realize that structured settlements are usually provided to individuals who have been injured. Ongoing payments provide necessary income for medical treatment and living expenses. Annuities are also offered to individuals who have won substantial lottery winnings. Courts sometimes allow lottery winners to sell future annuity payments, but prohibit individuals requiring ongoing medical care to sell annuities.

Once Annuitants sell structured settlement payments the life insurance company sends future payments to the buyer. Insurance providers are not required to enter into this type of agreement. If they do not, Annuitants must forego the sale or negotiate payment terms with the buyer.

Financial experts recommend only selling partial annuity payments to obtain lump sum cash. Investors who buy annuities charge an upfront fee and do not offer full face value. On average, Annuitants receive between 60- and 70-percent of the actual value. For example, if an Annuitant sold $100,000 worth of structured settlement payments, he would receive $60,000 to $75,000 cash, less the fee charged by the funding source.

Selling structured settlement payments is a major financial decision and caution must be exercised when selecting the funding source. Always engage in due diligence to ensure you are working with a reputable and trustworthy investor.

This is particularly important in today's high-tech environment. Anyone can publish a website and pretend to be a structured settlement company. They are called bait-and-switch companies because they gather private information and close their doors. You want to work with a solid company with a reputation for getting things done and delivering on promises.

Selling structured settlements can be a complex and lengthy process requiring three months or longer for completion. Partnering with an investor such as Simon Volkov can simplify the process.

If you are considering selling future annuity payments, we invite you to submit information regarding your settlement via the Structured Settlement form. We do not require personal information at this time, nor do we charge a fee to review your settlement information. We will contact you within 48 hours after receipt of your information to determine if we are able to assist you.