August 26, 2019
August 26, 2019 - PRESSADVANTAGE -
The Annuity Company, an investment fund that purchases all types of personal cash flow, recently issued a public advisory on the benefits of selling a structured settlement. They also published a number of useful tips and guidelines on their website to help their readers properly sell this specific kind of asset.
A structured settlement is defined as a fixed stream of payments to a person who won or settled a lawsuit. It is a negotiated financial arrangement through which the recipient receives a part or full settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. Structured settlements are commonly used by insurance companies as an efficient way to pay off a personal injury victim. The money coming from a structured settlement is guaranteed to the recipient and is most often spread out over years or even decades.
Jane Darcy from The Annuity Company explains that a structured settlement can be sold to a factoring company if the recipient is interested in converting future payments into cash. She states that, today, the secondary market is a lot safer and more profitable than ever, since state and federal laws regulate the industry well enough to prevent dishonest players from entering and exploiting inexperienced sellers. “Structured settlements are both financial products and legal judgments. While they function somewhat like private assets, they are also subject to complex regulations,” says Darcy. She also highlights the importance of hiring financial advisors or trusted attorneys to fully understand the structured settlement market. Furthermore, she says that sellers must do their research to find a reputable and reliable factoring company to maximize long-term benefits.
As noted on the company’s website, it is possible to sell a fraction of payments or even the entire structured settlement itself. However, the Federal Settlement Protection Act of 2002 sets outlines and strict rules for the sale of the settlement. “Basically, the judges must be convinced that selling your settlement will not affect your future financial stability and capability of paying for your future medical care expenses,” says Darcy, explaining that the court might take 45-60 days to give the verdict. This is because they take many factors into consideration, including the seller’s living expenses, life expectancy, dependents, and family milestones, before giving approval. “If you have other sources of income besides your structured settlement, the chances of getting approved significantly increases. This is true especially with a disability worker’s compensation case, where the seller will be required by the court to have another source of income. “It is important to consider a lot of factors and their implications before selling a structured settlement to safeguard your future financial stability,” she says.
On the other hand, Darcy reminds the general public that a lump sum cash offer from a factoring company will always be lower than the total face value of the structured settlement that was settled in court. With this in mind, she advises sellers to look for a trusted and reputable company—such as The Annuity Company, who are known for offering some of the biggest payoff and highest bids for structured settlements. She also recommends the use of online tools in assessing which company offers the greatest benefits and minimal administration fees.
The Annuity Company is an investment fund that purchases real estate mortgage notes, business promissory notes, structured settlements, structured payments, insurance annuities, lottery winning, royalty fees, and other forms of cash flow. They are considered one of the most trusted factoring companies in the market, and they take pride in having a team of professionals who wield a vast amount of knowledge in investment-grade cash flow.
“If you find yourself wondering how you may sell your structured settlement, please do not hesitate to contact one of our investment experts. They will provide you a free evaluation and thorough assessment, as well as a non-obligatory offer,” says Darcy. Learn more here: Sell my structured settlement.
More information can be found on the company’s website. Clients may also send an email or call The Annuity Company’s service hotline to make further inquiries. Additionally, interested parties may connect with the company through their official social media channels to stay up to date with their latest news and important announcements.
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For more information about X, contact the company here:
X
Jane Darcy
888.625.7738
jane@localblitzpr.com
The Annuity Company is an investment fund that purchases real estate mortgage notes, business promissory notes, structured settlements, structured payments, insurance annuities, lottery winning, royalty fees and other forms of cashflows.
