Sell Your Structured Settlement or Annuity Payments For Fast Cash.

Thousands of people, every day, choose to sell their remaining payments on their insurances, benefits, settlements, annuities, and more.  Find out fast how much you could collect by selling those benefits now.

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What Are The Advantages of Selling Your Structured Settlement?

Get Control

By selling your structured settlement, you’ll have access to your money when you need it, not when it’s mandated by a court.

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Save Time

You’ll save time by paying off debt or getting bills under control, in addition to avoiding potential damage to your credit score.

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Peace of Mind

With the capital requirements met, you won’t need to think about them any longer, allowing you to take a deep breath.

Selling Your Structured Payments – Step By Step

CashFuturePayments.com put together this great infographic breaking down the process of selling your payments.

A Few Examples of Structured Settlements

The world of structured settlements can be a bit confusing, so here are some real examples of how structures settlements.  The names, of course, have been changed.

Teenager, “Ryan,” Hit By Car

Ryan was a good kid who was hit by a car at the age of 15. After a multi-year court battle he was awarded an educational fund of $15k/year and $4k a month for 20 years, beginning at the age of 25.Save

9Year Old Girl Attacked By Dog

When a dog attack caused a 9 year old to have permenant injuries like scaring, broken bones and lacerations, the court gave her a structured settlement of 4 annual payments of $20k in addition to $160k in lump sum payment payed bi-yearly.  A factoring company purchased this settlement.

Wife Gets Insurance Payments From Husbands Death

A man was on a ladder at his work where he fell to his death.  The court determined that it was the fault of the factory and awarded the wife 30 years of monthly payments $3,500 above what the husband took home as income from the factory.

Situations like these, in addition to annuity payments, lottery winnings, and more are all examples of payments you can sell for a fast cash lump sum.

Terms To Understand In Selling Your Structured Settlement, Annuity, or Insurance Payments

What Is A Structured Settlement?

When a court awards someone a specific compensation amount that will be paid in installments, rather than one lump sum.  These payments are paid either over the course of someones entire lifetime, or a fixed period.  Typically, the payments are made through an annuity.

What Is An Annuity Transfer?

Individuals who have been awarded structured payments have the option to sell some or all of the future payment rights to someone else.  This is known as an annuity transfer.  This can also be known as a “structured settlement factoring transaction.”

What is a Factoring Company?

The company, or third party, who purchases some of all of ones remaining settlement payments is known as a factoring company.

What is an Annuity?

Often paid in monthly, quarterly, or yearly payments, an annuity is a financial product created with the intention of growing money over time.  This growth is intended to provide the payee consistent payments over a period of time or the payees lifetime.

What is an Annuitant?

Also known as a “payee,” the annuitant is the person receiving the annuity payments.  It’s important to note that this person’s life is also the measurement used for a life annuity.

What does Present Value & Discounting Mean?

Used to ensure that things like inflation are considered when calculating payments, present value looks at what a future amount of money that will be received is actually worth today.  The process used to figure out this calculation is called discounting.

What does Present Value & Discounting Mean?

Used to ensure that things like inflation are considered when calculating payments, present value looks at what a future amount of money that will be received is actually worth today.  The process used to figure out this calculation is called discounting.

What is IRC 104(A)?

Within the internal revenue code (as of this writing), there is a clause relating to personal injury income.  Basically, the revenue that you receive that is related to personal injury income does not count (from a tax perspective) to be gross income.  This applies both in the event that you received a lump sum payment and/or monthly payments.  The clause the explains all of this is IRC 104(A).

What is IRC 5891?

This is regulation from the Internal Revenue Code that requires all transactions where settlement payments are sold to be approved by a state court.  There are stiff penalties (to the tune of a 40% tax) if the factoring company does not follow the procedures that are outlined by the state.  This 40% is paid based on the difference between what the court issues and what the seller of the settlement is actually paid.

What is the Gross Advance Amount?

This is the dollar amount that is paid to a seller of a structured settlement annuity upon transferring their payment rights to a factoring company.  The calculation of this amount is done before factoring any fees or other deductions.

What is a Show Cause Order?

This is a court order that requires an entity (individual or other type of entity) show up in court to explain why the court should not allow something to happen.  Typically used in very time sensitive situations or injunctions, these court orders help things to move along in the legal process because all interested parties must be present.

A Final Thought

An individual who sells their lottery payments, structured payments from a lawsuit (from an accident, for example), annuity or retirement pension payments receive advances though a funding organization.

While the income they receive may or may not be taxable, this type of advanced pre-payment still has a huge advantage to most, because you do not have to pay taxes like you would money through loans.

Just make sure that you are getting the best offer from the organization that wants to buy your payments.  There is a calculator on line that you can use to really research this and make sure know you’re considering all the best options.

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