A Structured Settlement Sale May Help Sellers
Filed under: Structured Settlement — Structured Settlement Expert @ 2:14 pm
A structured settlement is an arrangement following a personal injury case. While in the past many claimants who have settled a personal injury case may have received their settlement in full, today they may agree to a structured settlement. A structured settlement allows for the payment of the settlement through payments made on a regular basis.
The structured settlement payments are made through a third party annuity that is set up for this purpose. Those who are responsible for the payments make them directly to the annuity that in turn makes the regular payments to the claimant.
However, there may come a time when the money from a structured settlement would be more useful to a claimant in one lump sum; and so at this point they may decide to sell their future structured settlement payments in exchange for this lump sum of money.
If it is a claimant’s desire to sell their structured settlement payments they may work with a reputable purchasing company to exchange all or part of their future payments in exchange for a lump sum of cash.
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