Structured settlements and annuities are a form of payment that is received from an insurance company as a result of a lawsuit payment. These payments often times come in the form of monthly or annual payments so that the owner of the annuity can have the money paid out over an extended period of time.
Unfortunately for most individuals who receive the structured settlement they realize that the money they received is not enough to cover their bills and other expenses and are forced to sell off the annuity in exchange for a large lump sum payment. These lump sum payouts take up to 60-90 days to complete and must go before a court judge to have the sale approved and the money transferred to the new owner.
Annuities are paid out by the insurance company and can be transferred if the plaintiff would like to sell off the settlement on a single date or they can spread out the percentage of the settlement that they are selling off as the annuitant.
Reasons for a sale can range and vary for each and every client. The majority of those who are in need of the funds ask to cash out before the expiration date of their settlement because they know that it is a better idea to have the money you need now and spend it as you wish opposed to the insurance company dictating when and how much you receive.
If you are looking to cash out now and sell off your annuity than please contact us today for a free structured settlement quote and we will get you a quote and a lump sum payment right away.
Unfortunately for most individuals who receive the structured settlement they realize that the money they received is not enough to cover their bills and other expenses and are forced to sell off the annuity in exchange for a large lump sum payment. These lump sum payouts take up to 60-90 days to complete and must go before a court judge to have the sale approved and the money transferred to the new owner.
Annuities are paid out by the insurance company and can be transferred if the plaintiff would like to sell off the settlement on a single date or they can spread out the percentage of the settlement that they are selling off as the annuitant.
Reasons for a sale can range and vary for each and every client. The majority of those who are in need of the funds ask to cash out before the expiration date of their settlement because they know that it is a better idea to have the money you need now and spend it as you wish opposed to the insurance company dictating when and how much you receive.
If you are looking to cash out now and sell off your annuity than please contact us today for a free structured settlement quote and we will get you a quote and a lump sum payment right away.
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