Friday, October 26, 2007

Getting A Quote For Selling A Structured Settlement

Filed under: Structured Settlements — Structured Settlement Expert @ 10:35 am

Recipients of structured settlement payments are those who have been involved in a personal injury case. During a court arrangement, terms have been constructed wherein the claimant in the case is set up with periodic structured settlement payments – monthly, yearly, or other configurations. After the terms are created, an annuity is set up to fund these periodic payments throughout the life of the structured settlement.

In some cases, a structured settlement recipient may find that the terms of the settlement do not meet their financial needs due to circumstances such as medical bills, educational costs or debt. In such cases, the recipient may choose to sell their future structured settlement payments for a lump sum of money to meet their current financial needs.

Prior to choosing a purchasing company, a prospective seller may choose to find out how much their structured settlement is worth from a company that purchases structured settlements. These purchasing companies may be able to offer quotes on the purchase of the structured settlement based upon current market rates.

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