Monday, June 2, 2008

Finding Out What Your Settlement is Worth

Filed under: Structured Settlements — Structured Settlements Pro @ 1:53 pm

Most persons receiving structured settlement payments will never need to sell their payments in the secondary market for structured settlements. However, it is likely a prudent step to find out what your payments might be worth just in case you need to sell some or all of them in the future. How do you go about doing that? Simple, just contact a legitimate structured settlement buyer and ask them what your payments are worth.

Before you call a company, assemble your documentation - including a copy of the settlement agreement and the annuity policy - this will help to speed up the process of getting a quote as the settlement purchasing company will know what the terms of your underlying annuity are.

When you speak with the company for a quote you can ask them to quote on not only the entire annuity but also for portions of the annuity payments, so you will have a good idea on the amount of flexibility you might have in shaping a transaction to fit your needs.

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