Selling Structured Settlements Opens Up All Kinds Of Options


 

Structured settlement annuity

Every year, more than 37,000 Americans use structured settlement money for big purchases, like cars, trucks, boats, homes, and more. What’s more, 92% of those claimants are happy that they did it, saying that they are “satisfied with their decision.” But these things aren’t the most surprising facts about structured settlements. What’s most surprising about structured settlements is how little Americans know about them. If you don’t even know what a structured settlement is, here is a little background information:

Structured settlement annuity

Every year, more than 37,000 Americans use structured settlement money for big purchases, like cars, trucks, boats, homes, and more. What’s more, 92% of those claimants are happy that they did it, saying that they are “satisfied with their decision.” But these things aren’t the most surprising facts about structured settlements. What’s most surprising about structured settlements is how little Americans know about them. If you don’t even know what a structured settlement is, here is a little background information:

Structured Settlements: Learn The Basics
A structured settlement is a court-driven action that grants a plaintiff payments over a specified amount of time. In medical malpractice cases, worker’s compensation cases, and many others, plaintiffs receive their winnings in this manner. Period. A court may also establish structured settlements for claimants ages 17 and under. These plaintiffs are deemed too young to properly manage their winnings, and typically start receiving payments shortly after they turn 18.

It Is Possible To Sell
As the 92% who happily sell structured settlement annuity payments can attest, it is possible to sell these settlements for a lump sum payment. While websites and publications advertising “structured settlement cash now!” may seem daunting, they’re really not — as long as you go into the process with a little bit of general knowledge. Know that 47 states and Washington D.C. have laws protecting consumers who choose to sell structured settlements. You may need to file an application with the court, depending on your area, and you can reasonably expect to pay a fee of up to 10% for brokerage services.

Does “structured settlement cash now!” sound too good to be true? It’s not. With some basic understanding and a process protected by law in most states, plaintiffs can have access to most or all of their winnings within a few weeks’ time (definitely closer to “now” than payments spread out for many years).

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