Black Friday and Structured Settlement Cash Advance

Black Friday and Structured Settlement Cash Advance

With all the advertisements on television, internet and via print and direct mail, you may be feeling the desire to go shopping and pick up a few new times.  Who would want to miss the great deals that are to be had this time of year?  CNN reported in 2012 that slightly over 139 MILLION adults visited websites run by stores in the 4 days following Thanksgiving. That is a lot of people and a lot of shopping.

On average the shoppers spent over $400 each during the black friday weekend following the 2012 Thanksgiving. There are mixed stats on whether that number improved or declined in 2013.  While grabbing these so called “bargains” in the upcoming week may be tempting, selling your structured settlement and receiving a cash advance may not be prudent.

Federal and state laws require that a court approve the sale of your structured settlement and that the sale be in your best interest.  While reasonable minds can disagree on whether this system is reasonable when applied to a person of sound mind, the law is the law and it must be followed regardless what company you are thinking about working with. The question therefore becomes, when is getting a cash advance on a structured settlement in your best interest.

Is it a good idea to get a structured settlement cash advance?

Is it a good idea to get a structured settlement cash advance?

While we guarantee an immediate structured settlement cash advance of up to 10% of your purchase price (i.e, the full amount we will pay you in exchange for agreeing to assign to us your annuity payments), just because the cash advance is available to you does not mean procuring it makes sense.  One should generally not sell their structured settlement for material items.  While a new flat screen tv on a super sale at Walmart for Black Friday 2014 may seem to good to resist, the security and income from your structured settlement is probably of greater import.  Keep in mind that a judge will not be likely to grant your transfer if the sale is simply for luxury items.

Generally, you should think of not just the short term upside of getting a lump sum

Think Before You Accept Any Cash Advance for Your Structured Settlement

Think Before You Accept Any Cash Advance for Your Structured Settlement

(heck everyone would benefit from that), but instead you should balance that against whether it is in your best interest in the long term to sell and get a cash advance.  While different people proceed in different fashions, you may want to get a quote, consider your options, talk to an adviser or trusted family/friend and then decide what is right for you.

800-317-3769

Series of Life Contingent Structured Settlement Payments and Diabetes

Series of Life Contingent Structured Settlement Payments and Diabetes

Life Contingent Structured Settlement Payments are universally understood to refer to those annuity payments that are payable to you, the payee of the annuity, at such time they are due as long as you are living.  The annuity company is not obliged to pay your heirs anything should you pass away and the only remaining portion of your payment stream is life contingent.

We receive many inquires from people that are not of perfect health but are looking to sell some or all of their life contingent annuity, structured settlement or lottery payment stream. In most cases, even if you are not in perfect health, even if you use tobacco, or have a lingering regularly treated health condition, we can work with you to get a lump sum.  Of course, there are a host of factors that can cause your payments, if they are life contingent, including how far off in the future they are due.

One of the common health conditions we run across is diabetes.  Diabetes has been defined as a group of diseases characterized by the body’s inability to properly use and store glucose. The American Diabetes Association’s website indicates that there are approximately 30 million people in the United States that have one or another form of diabetes.  This is, shockingly, over 9% of the total population of Americans. Diabetes can impact both quality of life and life expectancy.

When you have diabetes you may find it difficult or problematic to find a buyer of your life contingent payment stream- whether from lottery, annuity or structured settlement.  There are many reasons for this including the potential inexperience of certain buyers to work with people with diabetes that have life contingent structured settlement rights.  In order to properly assess the likelihood that you will be able to liquidate your life contingent payments, you need to work with a group that has some experience in this niche area.

Proper Steps to Selling Life Contingent Structured Settlement

Proper Steps to Selling Life Contingent Structured Settlement

It is important that you are upfront with a potential buyer of life contingent payments when talking to them about what you are looking to accomplish.  Being upfront will allow the company to not only provide you with an accurate quote but also to give you a sense whether liquidating the future asset will be feasible.  The more information you provide, the more an experienced structured settlement or annuity buyer will be able to set proper and realistic expectations.

At CSF, we work with all ages of people with various health conditions get cash for life contingent payments.  Call us at 800-317-3769.

Structured Settlement Sales vs. Pre-Settlement Leads

Structured Settlement Sales vs. Pre-Settlement Leads

There can be no mistake that when injured by another person’s negligence you are entitled to remuneration in order to be made whole.  When you have a lawsuit pending- from Florida to Georgia to NY to CA, you may be strapped for cash as the lawsuit slowly makes its way through the legal system. Personal injury lawsuits can take upwards of 2 years in come cases between filing of the complaint and the settlement of the lawsuit.

Structured Settlement Cash Advances 800-317-3769

Structured Settlement Cash Advances
800-317-3769

When you have a pending lawsuit and need cash, you make do a google search for things like “cash for lawsuit” “advance on lawsuit” or even “lawsuit loan”.  These will lead you to some companies that provide “pre-settlement advances”.  A pre-settlement advance is different than a structured settlement.  Many consumers may find websites that are offering different services than they seek based on the internet search results.  While pre-settlement cash advance may be something you desire, dpen

A pre-settlement loan or cash advance looks something like the following.  You were rear ended while driving to work.  The defendant was completely at fault and you were injured.  After hiring a lawyer, that lawyer made a demand to the defendant and the defendant’s insurance company to pay you for your injuries, pain and suffering and the damage to your vehicle.  The defendant or the defendant’s insurance company responded by making a low ball offer.  Your lawyer then went ahead and filed suit against the responsible parties asking the court to enter a judgment awarding you the money necessary to make you whole.  After being served with the Complaint, and even though they know they have some liability, the Defendants filed an “Answer” denying liability and asking the court to dismiss the case for a host of technical issues.

So where do you stand now?  You are in a position where you are (in reality) entitled to and will receiving money in exchange for being hurt in the accident but that money may not come for 6 months to a year or longer.  What are you to do- you need cash now?  While it is best to discuss this situation with your lawyer, you may want to discuss  the possibility of getting a pre-settlement loan  with him or her.  The lawyer cannot provide you with the loan – that would be unethical- but he or she could discuss the positives or negatives of getting one from a third party vendor; i.e, a pre-settlement advance company.

At CSF, our primary business is to provide structured settlement cash advances.  This is a total different business than pre-settlement loans.  While we could refer you to several providers of pre-settlement cash advances but by and large this is not an area we would in.

If you have a structured settlement, however, and you are looking to get a cash advances, we are the best in the country and you should call us at 800-317-3769

Metlife Structured Settlements Selling for a Lump Sum

Metlife Structured Settlements Selling for a Lump Sum

Nearly a century old and one of the most respected companies in the Nation, Metlife is one of the largest issues in America of Structured Settlement payments.  Metlife, of course, is short for “Metropolitan Life Insurance Company”.  The company is headquartered with a principal place of business in New York, New York with a physical address of 1095 Avenue of the Americas, as well as maintaining certain offices elsewhere in NY.

If you have a Metlife Structured Settlement and are looking to get cash from structured settlement, you are in luck.  As a respected and well rated company, your structured settlement payments have a great deal of value in the secondary market.  This market includes the buying and selling of both guaranteed structured settlements as well as life contingent annuity payments.  In order to procure an accurate quote for assigning payments from a Metlife annuity you can call any of a host of structured settlement buyers in the United States. While there are some online tools that you may find helpful, the reality is that with all the variables that come into play, speaking to a willing purchaser (or several willing purchasers) is probably a more thoughtful way to get firm quotes.

Dog2Metlife structured settlements can only be sold in certain fashion due to restrictions placed on assignments by Metlife itself.  These policies that Metlife has established when a person looks to sell an annuity from a personal injury lawsuit established consistent with and pursuant to Section 130(c) of the Internal Revenue Code, have an impact on your options.  It is something that an experienced structured settlement buyer that is regularly working with Metlife can walk you through pretty quickly.  Contact our structured settlement buyers and we can explain the policy- whether or not you elect to get a free quote is up to you.

When looking to transfer any deferred income into a lump sum, it is important that you consider other ways of raising capital including through other assets you may have.  In many cases, you may find that cashing out a Metlife Structured Settlement- in whole or in part- may be in your best interest.  Notably, even though Metlife is based out of New York, the process of selling a structured settlement for a lump sum is generally governed by the state where you live and not the state of New York.  Certain exceptions to this rule, however, do exist.

Sell Structured Settlement- Understanding the Qualified Assignment and Release

Sell Structured Settlement- Understanding the Qualified Assignment and Release

Everyone at this point understands the general concept of a structured settlement.  In essence, it is the settlement of a lawsuit pursuant to which the injured plaintiff agrees to receive money overtime, instead of upfront, from the defendant or the defendant’s insurance carrier.  Generally speaking, structured settlements are utilized to resolve personal injury settlements and worker’s compensation claims. The vary in size and duration as well as in their guaranteed or life contingent nature.  (You can read a great deal about life contingent structured settlement payments elsewhere on this site).

What everyone is not so clear about is the “Uniform Qualified Assignment” and the photorole this document plays in establishing the structured settlement.  Because of this, we felt it would be beneficial to elaborate on the same as well as provide a copy of the 1st page of Qualified Assignment so our readers could review the document for themselves. Keep in mind that we have completed redacted the document to eliminate any reference to the original annuitant (i.e, the party to the lawsuit that became entitled to receive the structured settlement payments).  Before reviewing this document, we want you to be aware of the fact that 99% of the customers that come to us to sell structured insurance settlement for a lump sum do not have a copy of their Qualified Assignment.

As you will see on the attached qualified assignment, the document notes: “Claimant has agreed to a settlement that provides for the Assignor to make certain periodic payments to or for the benefit of the Claimant…”  In a later part of the document, it goes on to provide that the “Assignor hereby assigns and the Assignee hereby assumes all of the Assignor’s liability to make the Periodic Payments.”  In other words, one party with the obligation to make the periodic structured settlement payments is assigning that obligation to another party, who, by virtue of the qualified assignment, is agreeing to accept that obligation.  The assignment in this fashion is meant to comply with Section 130(c) of the Internal Revenue Code of 1986.  Also noted in the Qualified Assignment is that the “Assignee may fund the Period Payments by purchasing a ‘qualified funding asset’ within the meaning of Section 130(c)”.

What does this all mean? How does this impact you as the payee of the structured settlement? What information do you need to have if you are looking to sell structured settlement for cash now?

In the next couple of installments we will review those topics but in the interim if you have any questions you can reach us at 800-317-3769.

California Based Structured Settlement Buyer Guide- Updated through End of 2014

California Based Structured Settlement Buyer Guide

A recent influx in interest has caused pause to review the current state of the law as the end of 2014 approaches.  As you may be well aware, many years back it was unclear whether a structured settlement buyer in California could offer a person receiving deferred income as a result of a lawsuit settlement a lump sum. With the passage of certain laws, including 26 USC 5891, the gray area of buying and selling structured settlements was clarified- yes, it could be done.

With the intervention of Congress on this ambiguous area, several states including California passed laws that governed the terms and procedures for converting annuity payments payable overtime to a lump sum- although it should be noted that substantial ambiguity still exists if you are receiving workers compensations payments or workmen’s compensation payments- depending what state you live in.  As with many things in a federal system, there is an interplay between federal and state law when it comes to the assignment of structured settlement annuity payments.

In California, and 40 plus other states, in 2014, however, there is no longer any

Sell Structured Settlement California

Sell Structured Settlement California

concern for someone that believes it is in their best interest to reach out to a buyer of structured settlement payments and get a lump sum.  Instead, the question becomes what is the best, east and most prudent way to work with a structured settlement.  You should note when undertaking this process that your structured settlement may not be typical.  Your structured settlement unlike others may only pay monthly payments, may pay infrequent lump sum payments that are deferred years or decades or some blend of these two types of structured settlements.

The “type”, if there is such a thing, will in large part dictate what you can sell and what you cant sell.  Also, depending on whether you are looking to sell a Metlife Structured Settlement as opposed to a American General Structured Settlement as opposed to a Genworth (GE Capital) structured settlement will, in some part, impact both your options and the ramifications of completed a sale.  Those with an Allstate structured settlement will similarly be faced with addressing certain issues.

A well seasoned structured settlement buyer can walk you through both options and ramifications of what might result if you were sell a structured settlement for cash.  It is important to ask things about servicing, subsequent transactions, time frames as well, of course, what the structured settlement buyer will pay you.  Take your time and learn as much as possible, including options you may have to sell life contingent structured annuity payments

800-317-3769- The California Structured Settlement Buyer

 

Updated Review of Most Easy Way to Sell Structured Settlement- 2015 Projections

Updated Review: Most Easy Way to Sell Structured Settlement- 2015 Projections

In 2015 you may be looking to liquidate a portion or all of your structured

Find the Path that is Both Right and Easy When Selling My Structured Settlement is Not a Simple Task

Find the Path that is Both Right and Easy When Selling My Structured Settlement is Not a Simple Task

settlement.  Why you may be doing this can run the spectrum of those looking to buy a house, looking to prevent foreclosure of an existing home, automobile acquisition as well as a host of countless other needs or opportunities.  As part of the desire to get cash now, including a structured annuity cash advance, you may be tempted to take the “easiest way to sell my structured settlement“– we want to warn you that the easiest way is not always the best.

Selling a structured settlement, or part of a structured settlement, is a serious undertaken with substantial long term ramifications.  In the years, combined decades, that the buyers at CSF have been engaged in the secondary structured settlement market, we have seen many people look for the easiest path, the one that has the least obstacles, only to regret their decision to move forward in this fashion. The truth is the route of “easiest” is frequently not the best, and to do it the right away takes only slightly longer.

The first step we always advise a customer contacting us to sell a structured settlement is to step back and decide whether they can live without there structured settlement.  If the answer is “no”, then converting it into a lump sum, even if you could use a lump sum, is probably not the right decision for you.  There is little doubt that a lump sum can improve nearly everyone’s life but the trade off when you get that lump sum in exchange for some or all of  your annuity, is that you, quite obviously, give up the right to receive the structured settlement in the future.

Once you have determined that getting a lump sum of cash for a structured settlement is right for you, then you need to step back and consider “how much do i really need” in order to correct or improve my current circumstances.  The answer to that should not be arrived at in haste but instead you should consider the actual, FULL amount required to correct your situation.  In many cases you can achieve that amount without selling your entire structured settlement- this is especially true in 2015 when low interest rates are still the norm.

Finally, and not the “easiest” by any stretch is to speak with multiple structured settlement buyers.  Offers can vary and designing the offers is often based on the skill of the company you are speaking to.  While the easiest way to sell a structured settlement in 2015 might be convert the immediate payments (assuming you have monthly annuity payments), what is best for you may be to look at deferred payments to sell.

Easiest vs. Best Way to Sell Structured Settlement 800-317-3769

Easiest vs. Best Way to Sell Structured Settlement
800-317-3769

At CSF, our team is experienced in working with you to come up with offers to sell structured settlement payments for  lump sum. Our goal is to make it as easy as possible on you as our customer- Call at 800-317-3769.

Hedged vs. Unhedged Life Contingent Structured Settlement Sales

Hedged vs. Unhedged Life Contingent Structured Settlement Sales

In recent years the sale, assignment and transfer of structured settlement payment rights has gained a great deal of popularity.  States across the country have enacted laws that permit an individual that obtained the right to receive some sort of deferred income as part of the settlement of a personal injury lawsuit, the ability to liquidate the structured settlement in order to procure a lump sum payment.  As you may know structured settlements, like annuities in general, come in all different shapes and “sizes”. .

Generally, speaking the size and nature of a structured settlement is driven in large part by the degree or severity of the underlying claim. That is to say, a person that suffers from a dog bit that has no lasting injury will like receiving a smaller structured settlement than someone with a more severe traumatic injury.  Many times a structured settlement is largest when it occurs as part of a resolution of a wrongful death claim and/or permanent life altering injury (e.g, loss of a limb, severe burns, etc).  Lets assume for a second that the structured settlement is elected after a substantial injury.

A substantial injury often results in monthly annuity payments.  These monthly annuity payments will be guaranteed for a fixed period of time- 20, 30, 40 years and then may contain a life contingent tail.  The life contingent tail means that the original annuitant will continue to receive the monthly payment for as long as he or she is alive.  So, for example, if the injured plaintiff accepts the annuity for 20 years guaranteed and then for as long as he or she is alive, the person has agreed to accept “life contingent structured settlement payments”.

Sell Life Contingent Structured Settlement- Bridge Gap to Tomorrow

Sell Life Contingent Structured Settlement- Bridge Gap to Tomorrow

Over time, a market has arisen whereby a person that wants to sell life contingent structured settlement payments can speak to one of several very qualified structured settlement buyers and work with those buyers to get a lump sum.  The amount of the lump sum that a person receives will be based on a host of factors including the time and size of the monthly life contingent payments.  In addition to these factors, the amount will be determined (in some situations) on whether it is possible to hedge the risk that the payments will not be made as a result of death through the issuance of a separate independent insurance policy.  Normal underwriting requirements will generally be applied to determine if a person qualifies for life insurance. Of course, procuring a life insurance policy is not a requisite to the sale of life contingent structured settlement payments.

You can contact the life contingent structured settlement buying experts at 800-317-3769.