FREQUENTLY ASKED QUESTIONS

Is it legal for you to sell your structured settlement payments?
Yes. You can sell your structured settlement payments. Most states have a "Structured Settlement Protection Act" and this law allows you to sell your payments as long as it meets the following requirements:

You must be given a full disclosure about the financial terms of your sale.

You have a "cooling off period" after you sign documents to change your mind and cancel the sale

You must be advised in writing to seek independent professional advice regarding your sale. In some states you can choose to waive the advice.

A hearing is held where a judge considers your case and decides whether to approve the sale. The judge will examine your financial situation, what you want to do with the money and whether it is in your best interests to sell             your payments.

The judge must issue a court order approving the sale.

Why are people selling their Structured Settlement Payments to U.S. Settlement Funding?

Answer. In short, life happens. In life, there are numerous kinds of unexpected changes that require immediate attention. A rigid Structured Settlement that was set up five years ago or even one year ago does not take into consideration the unexpected surprises that life has in store for us. There are a variety of different reasons why a person might want to sell their structured settlement payments, such as pregnancy, a new business opportunity, a desire to go to college, and marriage. In short, because people's circumstances can change sometimes a lump sum payment up front will best meet their current financial need.

Do I have to sell all of my Structured Settlement Payments?

Answer. Absolutely not. We will work with our clients and tailor a plan for their structured settlement in order to meet client's financial goals. We will typically purchase a portion of the settlement annuity payments to meet our client's financial goals. However, depending on our client's current financial needs, we can purchase all of their structured settlement annuity payments.

How long does it take to get funded?

It depends on how quick you can get us the documents we need. The transaction involves obtaining an Order from a court. Typically obtaining a hearing date is the longest part of the transaction. A transaction will usually last about 4 to 6 weeks from when we receive the signed contract. We understand the urgent need of our clients and work diligently and efficiently to provide a lump sum for your structured settlement annuity.

What exactly is a structured settlement?

A Structured Settlement is a financial settlement plan that is put into place for the settlement of a lawsuit. Rather than receiving a lump sum up front to settle a lawsuit, a Structured Settlement provides periodic payments, such as monthly annuity payments, annual annuity payments, or even period lump sum payments. Structured Settlement annuities are typically given out for the settlement of tort cases involving personal injury, wrongful death or even malpractice. Some of these payments can be guaranteed or life contingent.

What is the difference between a Life Contingent Payment and a Guaranteed Payment?

A Life Contingent Structured Settlement Payments are only payable if the person who is to receive the structured settlement payment, the annuitant, is still alive. Guaranteed Structured Settlement Payments are paid even if the original person to receive the payment has passed away. The guaranteed structured settlement payments will then be made to the estate of the original annuitant.

What if I have already sold some of my Structured Settlement Annuity Payments?

If you have already sold some of your Settlement Annuity Payments, we can still buy your remaining settlement payments. Contact Us and we will be happy to work with you through the process of transferring your settlement payments.

How long does it take to obtain a Quote?

Each and every transaction is unique, however, we pride ourselves on providing a quote for your structured settlement payments as quickly as possible. If you Call Us at 888-697-6446 we will provide you with a quote for your structured settlement annuity instantly.

Are there any tax penalties for selling my Structured Settlement Annuity?

There is a preferential tax treatment for people who have received a structured settlement annuity due to pain and suffering, therefore, these types of settlement annuities are tax exempt.

More Questions? Call Us at 888-697-6446

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