Let Look At A Structured Settlements Purchase

A structured settlements purchase can be sold in the majority of states in the U.S. In most instances, the process for a structured settlements purchase will be relatively risk free, however it never hurts to educate yourself in your own time about all that is involved in the process.

A structured settlements purchase can take place over a period of anywhere from 10 to 14 days, depending upon the company you are selling to and the insurance company that you are dealing with.

If you decide that you wish to sell in order to receive a lump sum payment then the documents for the structured settlements purchase must be forwarded to the buyer. The documents for the structured settlements purchase must clearly list the name of the insurance company on the agreement. The structured settlements purchase document must also clearly state what the settlement payment plan is.

As the talks regarding a structured settlements purchase begin, the prospective buyer would suggest a quote. With the help of your broker and attorney you can take a look at the structured settlements purchase quote and decide if it is in your best interests or not. The buyer will also provide you with a structured settlements purchase policy as well as a settlement agreement.

When it comes to a structured settlements purchase the both of you must come to an agreement together involving all of the issues that surround the settlement as well as the fees. Make sure you find out all there is to know about the structured settlements purchase before you move ahead with any and all negotiations.

The buyer of the structured settlements purchase can then fill in an application and send it to the court for approval. The court then must take the structured settlements purchase application and ensure that it is beneficial for both parties. In particular, the courts want to make sure that when it comes to a structured settlements purchase, that as the seller, you are protected as much as you can be.

As far as the structured settlements purchase is concerned, the company would do the processing and the fee for the transaction so the seller does not have to foot the bill for it. It is important to find out what the laws are regarding a structured settlements purchase. The laws are not the same for every state. In some states the process may be more complicated than others.

A structured settlements purchase is something that requires a great deal of research. Seek out counsel and be discriminating when it comes to searching for a buyer for your structured settlements purchase.
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Posted on : Aug 29 2009
Posted under Buy Structured Settlements, Structured Settlement Buyers, Structured Settlement Explained, Structured Settlement Purchase, Structured Settlement Sale |
Finding A Structured Settlement Purchaser

Finding a structured settlement purchaser is not that difficult if you are looking in the right place for one. If you have decided that selling a structured settlement you have is what you must do for your financial welfare, then your first stop for finding a structured settlement purchaser should be over the Internet. The Internet is like a gigantic telephone/ information book all rolled into one so begin your search for the most suitable structured settlement purchaser there.

You can choose to sell either all or part of your settlement to a structured settlement purchaser. You should hire yourself an attorney who will look out for your best interests and can advise you accordingly when it comes to many of the decisions that must be made once you locate a structured settlement purchaser.

Finding a qualified and experienced broker to help you in dealing with the structured settlement purchaser is essential to the success of the purchase. This is your money that you rightfully were granted due to a personal injury claim or a workers’ compensation claim so you must take the necessary steps to find the best structured settlement purchaser possible!

Consider your own financial needs before you look for a structured settlement purchaser. Look at the options that are available to you. In the same way, look at more than one structured settlement purchaser. You may find that the second, third or fourth structured settlement purchaser has more to offer you than the first. Be open to options that are lucrative!

Talk with a lawyer and get feedback from the company that is making payments to you. Is the company open to you looking for a structured settlement purchaser? Some insurance firms are not so make sure that the option to sell exists with your company.

Once you have the okay to sell, then you can start looking for a structured settlement purchaser. Make sure all of your papers are in order before you do this. Your broker and/or lawyer can help you with that. To talk over a potential deal with a structured settlement purchaser you may need to be sent a copy of the settlement agreement and you also might require CJs.

Your broker can help you look for a structured settlement purchaser if your search yields not as much as you would like it to. That is what brokers do after all. Get as many quotes as possible and then compare one structured settlement purchaser to another.

As you shop for a structured settlement purchaser bear in mind these things- you need to examine the company’s level of experience; look at their payment history; testimonials from clients and what their level of customer service is. Do not hand your settlement over to a structured settlement purchaser without doing some serious investigating into their company’s practices.
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Posted on : Mar 30 2009
Posted under Buy Structured Settlements, Structured Settlement Buyers, Structured Settlement Explained, Structured Settlement Purchase, Structured Settlement Sale |
Structured Settlement Basics

A structured settlement is a term you’ve probably heard countless times. It’s all over the television in ads from law firms; you can even find it in magazines or other print ads. But since this is a term you don’t use everyday you may not be completely aware of what it means.

To put it incredibly simply a structured settlement is a contract made by an insurance company to pay a large amount to an injured party who has a bodily injury claim settlement or to a surviving family member who has been awarded a settlement. The contract states that the insurance company will make periodic payments until the settlement is completely paid. There are other conditions in which a structured settlement may be used, but these are the two most common. Structured settlements are popular because they offer a great number of benefits to all parties involved.

The dictionary defines a structured settlement in much the same way. Stating that it is a financial package that allows a settlement to be paid in regular intervals over a set period of time. The period of time and the amount paid is tailored to the individual that is getting the settlement. Some structured settlements will include provision for any immediate damages that need to be paid. Structured settlements were first introduced in the early 70’s in Canada. Almost immediately the idea spread to the United States and within a few short years had continued to spread to Australia and much of Europe.

Of the many benefits of a structured settlement one of the biggest is that it’s providing a tax-free source of income for an extended period of time. Other investment options like stocks and bonds, real estate, or high interest bank account simply don’t have that flexibility. You will still be taxed on that income and it is much less reliable.

Another benefit is the flexibility in the length of time a structured settlement can be tailored to. There can be structured settlements to be paid over five years or the rest of recipient’s life. If the recipient dies, it can be provisioned that a certain amount of the settlement will go to a beneficiary. Because of these benefits and others structured settlements are very common and are regulated by Federal and State law. IRS and Medicare guidelines also take them into account. With all this added security its no wonder that structured settlements are so favorable.

While structured settlements do work to the advantage of everyone in a lot of cases, that is not the case with everyone. There are circumstances in which someone will prefer to get their settlement in one lump sum. For example if the beneficiary wants to buy a home or pay off lots of medical bills a series of payments will not be helpful. This option seems popular with lottery winners. Although there are plenty of companies that provide this service, they almost always charge a fee to do so. This fee is usually for expenses or loss of interest and will reduce the amount of your lump sum settlement. Be sure to read all the terms and conditions or you may unwittingly give away a majority of you payment.

The lump sum agreement happens when the settlement contract is sold to a third-party financial institution, usually another insurance company. Once they buy the contact they accept the periodic payments for the settlement and give the whole amount to the beneficiary. So essentially this third party is now receiving the structured settlement.

The insurance company will charge you a fee for this for a variety of things. Usually this will be for interest charges, handling costs or account adjustments. Keep in mind that the company that’s buying the payments is still a business and they are trying to make money. So the amount of the one payment will always be a lot less that what would have been received over the course of a structured settlement.

Unless the settlement amount is extremely large and the beneficiary can be sure of consistent income a structured settlement is probably the best bet. But, for example, if the person is a young individual and in good health a lump sum may be the right choice, they still have a long time to be employed and have other income.

Always be sure to read the terms of the settlement agreement, as with any contract. But more importantly, make sure you understand all the terms of the agreements. Write down your questions and ask anything that comes to your mind. Keep asking until you fully understand what you’re agreeing to. If looking for an alternative to structured settlements, look in a lot of places as the fees and services will vary.
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Posted on : Mar 29 2009
Posted under Buy Structured Settlements, Structured Settlement Buyers, Structured Settlement Explained, Structured Settlement Purchase, Structured Settlement Sale |
Find A Buyer Of Structured Settlement Payments

If you are looking for a buyer of structured settlement payments then begin your search online. Look for companies that are in the business of being buyers of structured settlement payments and from there you can begin to dissect all of the pros and cons of each company. Be selective when it comes to a buyer for your structured settlement payments.

It is possible that a buyer of structured settlement payments may approach you if he hears that you are contemplating selling. Listen to what the buyer of structured settlement payments has to say but do not make any rash decisions. This is a huge decision that will affect your financial future as well as the financial future of your family. The buyer of structured settle payments knows what his bottom line is and you must know the same.

On the other hand, you may choose to approach a buyer of structured settlements payments on your own in order to find out what type of lump sum you could potentially expect to receive for your settlement. Tread carefully with the prospective buyer of structured settlement payments. It is best to take someone with you when you schedule a meeting with the possible buyer of structured settlement payments. Ask a trusted friend, family member or confidante to accompany you. Having a broker and/or your attorney present when you meet with the potential buyer of structured settlement payments is a smart move as well.

Before you meet with a potential buyer of structured settlement payments it is important to know the laws as well as what rights you have when it comes to your settlement. Approximately 2/3 of all of the states have created laws that place restrictions on structured settlement sales. It is important that you know this as does the buyer of structured settlement payments. As well, structured settlements that are tax free are subject to different kinds of restrictions at the federal level of government when the settlement is sold to a third party.

Before you meet with any buyer of structured settlement payments it is smart to make contact with your insurance company to find out about the rules and guidelines that they follow. For example, there are insurance companies that do not support structured settlements being sold to other companies. In other words, they do not look kindly on a buyer of structured settlement payments. These companies will sometimes not cooperate at all with a buyer of structured settlement payments. If this is the case then they will not assign annuities or transfer them to a third party. It is essential that you research all of these items before you seek out a buyer of structured settlement payments. In some areas, selling a structured settlement is not an option.
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Posted on : Mar 29 2009
Posted under Buy Structured Settlements, Structured Settlement Buyers, Structured Settlement Purchase, Structured Settlement Sale |
Understand The Structured Settlement Protection Act

If you are presently receiving an annuity that is related to a personal injury claim then you might have considered the possibility of a structured settlement sale. If the payments you are receiving are helping you in the areas that they were meant to then that is good but what if an emergency arises in your life? Will you have the money to cover the expense? This is why many people consider a structured settlement sale. Sometimes a lump sum payment all at once is needed right away.

In other instances, a company might have approached you with an offer for a structured settlement sale that seems too good to pass up. You and your family can always use the cash, right?

Before you jump head first into a structured settlement sale, give it some serious consideration. Once the structured settlement sale goes through, there is no turning back.

A structured settlement sale is a rather complicated process. The good thing in all of this is that when it comes to a structured settlement sale, the law is on the side of the person receiving the annuities. In this case that is you.

How is the law looking out for your best interests in the event of a structured settlement sale? There is a law known as the Structured Settlement Protection Act that unbeknownst to annuity recipients is at work protecting them. If you decide that it is in best interests to have a structured settlement sale because you would prefer the lump sum payment, then the deal that is entered into with a company is regulated to ensure that you are not cheated out of the money you deserve.

A structured settlement sale is closely monitored by this law. The goal of the structured settlement legislation is to protect the public from any company that wishes to participate in the structured settlement sale but has only high profits in mind. No underhanded dealings are allowed when it comes to a structured settlement sale! That is why the law was created.

In order to safeguard a structured settlement sale, the recipient must petition the court to be able to sell in the first place. The person will then need to fill out an application form and file papers in court.

In order to further legislate the structured settlement sale, the individual must consult with legal and financial counsel to ensure that he or she is educated in the consequences that a structured settlement sale could bring to pass.

Before you consider a structured settlement sale, make sure that you follow all of the rules regarding the structured settlement sale. These rules are in place to protect you and your money after all!
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Posted on : Mar 27 2009
Posted under Buy Structured Settlements, Structured Settlement Purchase, Structured Settlement Sale |
Purchase Structured Settlement , Learn What You Need to Know

There are plenty of companies that would love to purchase your structured settlement. However it is important to bear in mind that every company that wishes to purchase structured settlement is not necessarily ethical, genuine or the least bit financially stable. Some companies looking to purchase structured settlement want to do so as a last ditch effort to keep themselves from going bankrupt. Beware of this as you look for someone to purchase your structured settlement!

Do not assume that all companies looking to purchase a structured settlement are on the brink of disaster or do not follow ethical practices. This is simply not the case. It is smart and wise though to be aware that not all companies are looking out for your best interests when it comes to the purchase of a structured settlement. That is where your own sound judgment and the services of a qualified broker come into play.

Did you know that some companies interested in the purchase of a structured settlement will pay you a lump sum payment for the entire settlement? They will. On the other hand, you might decide that the smartest and most strategic move for you is to only sell a portion of your structured settlement. Perhaps you only need a portion of the whole any way. There are companies that would be open to purchase structured settlement even if it is not the whole thing.

Before you decide to allow someone to purchase structured settlement, it is important that you familiarize yourself with the state laws as they apply to structured settlements. Not all states have the same laws. To use an example, some states stipulate that future damage awards in terms of structured settlements be paid in instalments and not as a lump sum payment.

If the state you live in is such that you can find someone to purchase structured settlement either partially or completely then you need to put ample thought into doing so. This is where a structured settlement broker can be an invaluable resource to you. When it comes to the purchase of a structured settlement, a broker will look out for your interests to guarantee that you get the best price possible.

The purchase structured settlement deal is not that difficult to do but it must be carefully executed. A broker can inform you, his client, of all of the pros and cons as they relate to the purchase of structured settlement, and in your case, the sale of such.

How much you decide to let a company purchase your structured settlement for is something that a broker could help you decide by his analysis. He would base it on such things as your present financial situation, your current debts and how much money you anticipate requiring in the future.
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Posted on : Mar 26 2009
Posted under Buy Structured Settlements, Structured Settlement Purchase |
Companies Who Buy Structured Settlements From You

You may have a structured settlement and suddenly become aware of the fact that there is a company or companies who are in the business to buy structured settlements. Why would a company want to buy structured settlements you may wonder? Of what use would your structured settlement be to them?

Many companies buy any number of things to increase their profits and the same can be said when it comes to them wanting to buy structured settlements. There are structured settlement companies that buy structured settlements at a profit. The amount of money that you received in a lump sum that constitutes a structured settlement you can sell in part or all together but the money you will get back when someone else buys the structured settlement is not what you started out with.

In other words, those who buy structured settlements want to make a profit and if they give you the total value of the settlement then they do not turn any kind of profit at all.

So why then would a company want to buy structured settlements in the first place?

The money a company gets when they buy structured settlements is invested according to what their advisors deem is the best route to take for their investment portfolios. The profits earned from the buying of the structured settlements are then put towards the operations of the company, as well as marketing and advertising campaigns and paying employees.

If a company wishes to buy structured settlements from you it is in your best interests to check out the company for yourself. Do research before you sell to them to ensure that they are a solvent company. You do not want a company that is about to go bankrupt to buy structured settlements from you. Seek out a structured settlement company that is as financially healthy as possible. You don’t want just any old company to buy structured settlements!

A company would choose to buy structured settlements because it brings stability and a sense of security to the company. To buy a structured settlement is a guarantee of a safe and efficient cash flow and the transaction of such is not taxed. This is always an incentive for a company to want to buy structured settlements!

If you are in need of money right away then finding a company to buy your structured settlements should not prove too difficult. To buy structured settlements is relatively simple to do. It is always important whether you are about to buy structured settlements or whether you are selling them that you abide by all state and federal laws.
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