How do I sell my structured settlement payments?
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Before you sell your structured settlement annuity you need to decide that a lump sum will better meet your financial needs then receiving small annuity payments over time.
Once you decide that you may want or need a lumpsum, and you figure out how much money you need, you can begin the process of selling some or all of your structured settlement annuity payments
Gather any paperwork you have related to your structured settlement annuity. If you don’t have any paperwork that’s ok, your structured settlement annuity buyer can help you obtain copies of any information you require.
Get an Estimate
Contact a structured settlement annuity buyer to get an estimate of how many payments you will need to sell to get the lumpsum you need. (Your structured settlement annuity buyer can help you get information about your structured settlement annuity if you are not sure how much you receive and when your annuity payments are due.)
Accept the Offer
Now that you know how many structured settlement annuity payments you need to sell in order to get the lumpsum you require, you will need to notify your structured settlement annuity buyer that you have decided to accept their offer or if you are not satisfied, you can ask for a revised quote based on selling more or less of your structured settlement annuity payments.
Sign and Return the Agreement
Once you have decided to accept an offer for the sale of your structure settlement annuity, your buyer will send you an agreement and other paperwork to complete. You will need to review these materials carefully, and then sign and return them to the buyer.
Buyer Gets Court Order
Based on whatever state you reside in, your structured settlement annuity buyer will now work with the state court to obtain an order from a judge assigning the rights to those structured settlement annuity payments you decided to sell.
Buyer Sends You Check or Wire
Once the judge approves your court order, that court order is sent to the insurance company that issued your structured settlement annuity, and they are directed to send the payments you sold to the buyer. As soon as the structured settlement issuer confirms they have received the court order, the buyer will send you your lumpsum by check or wire, and structured settlement annuity sale is complete.