Life Contingent Settlement Annuity Payments Can Now Be Sold for Top Dollar
If you are a frequent reader of this blog you may already know about our fondness of discussing the sale of all sort of life contingent deferred payments. Whether the deferred amounts are life contingent lottery payments, structured settlement payments, or annuity payments, we take a great deal of pride in being able to help people get a lump sum for these unique assets. As a new financial beginning may be around the corner for some of our potential customers, we wanted to take a moment to revisit this topic and discuss some things.
By definition, life contingent structured settlement are payments that are made so long as the “measuring life” is alive. We point out that the term “measuring life” as it is important to keep in mind that the “payee” (the person set to receive the life contingent payments) may not always be same as the “measuring life”. Just recently we worked with a couple that had life contingent structured annuity payments due from Pacific Life Insurance Company (a/k/a PacLife). Although both individuals were entitled to life contingent payments, the payments would stop upon the death of the husband– i.e, the “Husband” was the measuring life. The risk therefore was that if the husband predeceased the wife, the life contingent payments to her would stop as well.
Compare Apples to Apples When looking for Buyers of Life Contingent Payments
When you are entitled to life contingent payments, the value of the payments- like so with guaranteed structured settlement payments- depends on a host of factors, including the proximity of when the structured annuity payments that you are trying to sell for a lump sum are due. Immediate life contingent payments are more valuable that nonguaranteed payments due in 2 or 3 decades. That makes sense. We need to keep these factors in mind when you offer to buy life contingent structured settlement payments
There are other more discrete issues that come into play when a company is looking to acquired life annuity payments that are being sold and these issues affect the pricing and value. If you are interested in selling life contingent payments but do not know everything about the payments, you can contact us and we can help you procure the requisite information. Of course, our assistance comes without any obligation or cost- merely the hope of earning your business.
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Contact Us for Offer to Buy LIfe Contingent Annuity Payments: 800-317-3769. Nationwide Buyer
Figuring Out What Life Contingent Structured Settlement Payments You Have to Sell
Trust is needed from both parties to the sale of life contingent structured settlement payments. The process to get money for any life contingent cash flow requires the exchange of certain details regarding the annuity. We are the company that sophisticated sellers turn to when looking for cash for life contingent settlement payments.
Details of the annuity that life contingent can be found in a host of places but here is some:
1. Lawyer: the lawyer that helped you establish the structured settlement will have critical information regarding how much you get paid each month and when the life contingent period begins. This is a great place to start if you dont have much information regarding your structured settlement.
2. Court records: the court where the underlying lawsuit is pending may contain very specific details of your life contingent structured settlement. Many times, especially if you were a minor at the time of the settlement, you can get details of the structured annuity that your guardians accepted as part of the settlement, at the courthouse. If the case is older, the file may be in storage but do not worry as most courts offer the ability to have older cases pulled to review. Keep in mind you do NOT need to be a lawyer to review old courthouse records. You merely need go to the courthouse and request it.
3. Annuity Issuer: The annuity company that is obligated to make the life contingent payments to you has the very specific details regarding when and how much the life contingent structured settlement payments are. You can generally call them (we can provide you with the phone number) to ask about what life contingent payments you have left. Some annuity issuers require that you submit forms to get information about regarding your structured settlement. Not sure what form to submit or where to submit it? We can help you get the information you need and also submit the form. Depending on your life contingent annuity issuer, we may be able to get an answer back to you immediately or within a couple of days.
Once we have the information on hand about your life contingent structured settlement, we can talk numbers. You can tell us what you want to sell, and we can give you a price OR we can tell you what we could pay you for some or all of your life contingent structured settlement.
Whether you want our help getting information or want to get a free quote for cash for life contingent structured settlement payment, call us at 800-317-3769
First Step to Getting Cash for Life Contingent Structured Settlement Payments is Calling Us- 800-317-3769