Home
Individuals
Seniors
Attorneys
Accountants
Financial Planners
Real Estate Brokers
Small Business
Contact Us
Fun & Free
Cash Now For
Structured Settlement Payments
|
Quick and
reasonable quotes are available for immediate cash if the future
monthly payments from an injury settlement no longer meet all
your financial needs. What Is A Structured Settlement A structured settlement is a term that generally refers to a deferred payment obligation resulting from the settlement of a personal injury claim. Most often, the defendant in the case or their insurance company guarantees the settlement obligations by purchasing an annuity and naming the plaintiff or injured party as the payee of the annuity. The annuity payments are usually tax free to the recipient. Over time the original intent of the structured settlement may no longer serve the best interests of the injured party and in some cases these interests would be better served by selling some or all of their future payments. The Legal Issues Involved Originally, most of the insurance companies that paid the annuities claimed that it was illegal to assign and therefore to sell the payments but recent federal legislation (See Frequently Asked Questions for more details) has recognized the right of the injured party to receive compensation for those payments if their financial situation warrants it. Ownership of the annuity remains either with the defendant, its insurer or is assigned to an affiliate of the issuing company. Therefore, since the injured party does not own the annuity, it is not assignable. What the plaintiff does own, however, is the right to receive payments under the settlement and this is personal property that can be assigned. The injured party can sell those rights and that is where we come in. We maintain relationships with investors that purchase those rights to future payments for cash now. The federal legislation requires that court approval be obtained before the sale can be completed and 37 states have followed up the federal legislation with a statute of their own. How To Get Cash For Your Future Payments Our investors are experts at assisting you communicate with the insurance company and in guiding you through the court approval process. You may sell all of your future payments or, many times, it makes more financial sense to sell just a portion of your future payments to meet some pending financial emergency. If you receive settlement payments and are thinking of selling all or a portion of them please read our section on Frequently Asked Questions to get a better idea if you would qualify and to better understand the process you would be required to go through. If, after reading that information, you would like to proceed we have provided a simple Online Form that you can submit to obtain a free estimate of the value of your future payments. Of course, you can always call us toll free at (800) 480-3928 to get answers to your questions or to submit your request for an appraisal. |