This structured annuity website will set up a Often Asked Questions section but some of the more important questions are below. If you have a question that is not answered here or on the site please submit your information on our form above or the you can email us as well and we will answer you question promptly.
Do I have to sell all my payments: No – the good news is you have flexibility to meet your needs based on your wants and financial situation. You have the option to sell all your payments at one time or sell only some payments. If you sell on some payments you can get a lump sum today and keep some of your future payments intact. The amount of payments you sell is totally up to you but should be considered carefully so you cash in the right amount.
Why Settlement Recipients Sell?
The most common reasons people transfer their future payments for cash include:
1. To pay mounting bills
2. Other reasons include: divorce, to pay for college, or a down payment on a house
3. Their life or financial circumstances have changed
Can I do more than one cash out transaction: Yes, it is certainly possible and done fairly routinely. Although this is often done by those that mistakenly do one cash out transaction and sell too few payments. So it is important to consider the amount of cash you need today and any future need you might have so you can try to do only one transaction. But the option to do a second or third transaction is possible.
Can I sell my settlement – The short answer is yes. Based on the definitions above there is an entire industry that was set up to meet the needs of those that are receiving payments from an annuity and want/need a larger sum of cash. You can cash out your payments.