Why Are You Looking for a Structured Settlement Buyer?

Why Are You Looking for a Structured Settlement Buyer? 

If you have found this article, you are in the process of searching for a structured settlement buyer.  You probably have now realized there are a lot of websites out there that advertise in one form or another that they can help you get a lump sum for a structured settlement.  Your issue may now be that you are confused about who to contact and who to trust.

Look Careful for a Structured Settlement Buyer Before You Select One- 800-317-3769

Look Careful for a Structured Settlement Buyer Before You Select One- 800-317-3769

Your concerns are well founded.  With all the noise on the internet regarding lump sums, payout, cash outs, and cash advances on structured settlements it is sometimes hard to differentiate between “real” companies versus websites set up to get information on you and broker that information.  You my find commentary about this practice on different websites.

Your structured settlement is valuable.  It is valuable to you but it is also quite valuable to a structured settlement buyer and hence why you have found so many websites looking to earn your business.  Be clear, however, that you are dealing with a reputable company with experience buying structured settlements before you give out any personal information or trust an unknown website your very personal financial information.  One way to do this is to “interview”  the person on the other end of the phone and to do some research on the entity you will actually be working with before you turn over any information.   A reputable structured settlement buyer should be able to demonstrate to you, to your satisfaction, that they have the appropriate amount of experience in this area.

One thing to note before you spend too much time on this project is that there are certain payments that a “structured settlement buyer” will not generally purchase.  The first is social security payments.  While one may technically feel these are “structured payments” it is not the type of thing the buyers are looking for.  In the same vein, VA (or Veteran Administration) Benefits are not the type of structured settlement benefits that buyers purchase. There are several similar arrangements that call for future structured payouts that are generally not assignable for a lump sum.

When you contact the experienced team at CSF  you will be given a quick and indisputable review of our extensive experience as a structured settlement buyer and we will rapidly establish our credibility.  Credibility that comes from years of experience working with people looking for small or large lump sums for their structured settlement payments.

Predicting the Future: Life Contingent Structured Settlement Payments

Predicting the Future:  Life Contingent Structured Settlement Payments

You may currently be in negotiations to settle a personal injury lawsuit or you may have settled the lawsuit some time back. As part of the settlement you accepted an annuity- maybe something that paid you monthly for the next some odd years or maybe for “as long as you live”.  Life contingent structured settlements have been issued by

1. Allstate life contingent payments

2. metlife life contingent payments

3. Pacific Life, Prudential, American General, John Hancock, Symetra (Safeco), Genworth, Aurora, Aegon/Transamerica and even Executive Life of New York

What is important to understand is the nature of life contingent structured settlement payments.  They are usually at the “tail end” of an annuity that contains a guaranteed period- but not always.  On a very high level and in a general sense, life contingent payments follow a guaranteed period of say 20, 30 or even 40 years.  The payment stream may also contain a cost of living increase but not always.

You will see language in your original annuity paperwork or maybe even in your settlement agreement that contains language such as:

1. 240 monthly payments of $1,000, and continuing on for as long as [you]  are living.

or

2. For the life of [you] but in no event less than 240 months (or 360) months from [inception date)

3. X dollars per month FOR LIFE, guaranteed for 20 years, beginning (inception date) increasing at a rate of x% compounded annually with the final guaranteed payment on (last date of guaranteed payment).

When you have an structured settlement with life contingent payments it ensures that for the rest of your natural life you will get money from the annuity company. The real difference between guaranteed and life contingent structured settlement payments therefore is that the day you die, the annuity company stops making the monthly payment.

Buy Life Contingent Payments if Timing is Right 800-317-3769

Buy Life Contingent Payments if Timing is Right
800-317-3769

Lets take an example, lets say you have a 20 year annuity that also contains the right to life contingent structured settlement payments AFTER the 20 years.  Now, lets say that you pass away 10 years into the guaranteed payment period, your family would receive the remaining 10 years of guaranteed payments.  However, lets say you live for 21 years and then pass away, your family would not receive any inheritance under the structured settlement as the annuity issuer does not have any obligation to make payments once the life contingent phase begins if you were to pass away.

At CSF, we help people everyday get cash for life contingent structured settlement payments- and in many cases get a cash advance.  If you are curious what a willing buyer may give you for your future life contingent structured settlement payments, call us tat 800-317-3769

Counterpoints to Selling a Structured Settlement

Counterpoints to Selling a Structured Settlement

Bumps in the road will happen through out life but one’s immediate response should not be to handle the unfortunate event by selling a structured settlement for a lump sum.  You will be surprised how often an annuitant will consider this option exclusively before determining if other avenues exist to get cash. While this advice may seem strange coming from a structured settlement buyer, we are cautious to move forward with an individual that has not considered whether the transaction is in her or his best interest- a determination that a court will have to make as well as part of the process.

A few states require that before a person can sell a structured settlement for a lump sum, they must meet with a lawyer or other professional. One state even requires that the company proposing to buy a structured settlement for a lump sum pay for that professional if the customer elects to do so– the California Structured Settlement Act.   Whether or not the law requires it, it is often a good idea to discuss your potential options with close advisers and maybe even elect to hire a professional- that said, if you are competent adult it is ultimately your decision whether to meet with a 3rd party (in states that do not require you meet with IPA or Independent Professional adviser) and whether moving forward with the transaction is in your best interest.

When you call us, we are not in a position to give legal, financial or tax advice

Balance the Positives and Negatives When Deciding Whether to Sell Structured Settlement

Balance the Positives and Negatives When Deciding Whether to Sell Structured Settlement

regarding the sale of the structured settlement.  This is not our role and we are not here to provide you any such direction when you sell structured settlement.  We are on the other side of the transaction.  What we can do is give you fair and reasonable price if you decide to sell a structured settlement.  There are a variety ways to account for getting an appropriate size lump sum when you are in the market- one of the best ways is to speak to multiple buyers of annuity payments.  Simply by discussing your position and asking for the best offer to buy a structured settlement (or portion), you will being to learn what is involved and equally as important get a handle on the range you might receive.  You may be surprised how large the range will be and how through a little shopping around how much cash for a structured settlement you can obtain.

Whether you are interested in a quote, explanation of the process, or just a little more information, please contact the folks at CSF at 800-317-3769.

Inquiring About Structured Settlement Cash Options

Inquiring About Structured Settlement Cash Options

Call Around for Best Price for Cash Structured Settlement

Call Around for Best Price for Cash Structured Settlement

An interest topic that arises from time to time for people with a structured settlement is “What is my structured settlement worth if i was to cash it out”?  It is an inquiry that naturally arises as people are curious what the worth of this asset is in today’s market.  While generally speaking the annuity issuer itself will not offer you a cash out option in connection with a structured settlement (and there are some exceptions to this), there are various other outlets to pursue.

Obviously, there is one well know entity that buys structured settlements and has commercials that appear to run on TV all day, every day.  There, however, are alternatives to the “McDonalds” of structured settlement buyers and the options that these smaller companies provide may result in you receiving more if you decide to pursue an option to get cash for a structured settlement.  Like with any asset, shopping around before you commit to one buyer or another may provide you with more cash.

There are many approaches when it comes to getting cash for a structured settlement but maybe the best way to proceed is to pause and consider whether converting the lump sum under a structured settlement due in the future or monthly payments due under the annuity is actually the best option for you.  It cannot be stated strongly enough that a structured settlement buyout should be considered long and hard before you proceed.  Once elected, and once approved by a court, the structured settlement sale is final and that lump sum you receive in exchange for the future structured settlement is a completed transaction.

Many people with a structured settlement- that do elect to sell- should pause and consider alternatives that include partial sales, sales of just life contingent structured settlements and deferred conversion options.  Depending on the size and the timing of your structured settlement you will find that selling the entire structured settlement for cash is not a required and you can get the desired size lump sum for only part of your future income stream.  In this regard it is important to keep a fine comprehension of what you are willing to “give up” in exchange for the lump sum  and the impact on you and your dependents if were not to receive the future annuity payments.

Before you commit to anything, please contact CSF and allow one of our friendly experts to work with you to come up with options. There is zero commitment for the quote and we are happy to run various alternatives

800-317-3769 

Are You Able to Buy Life Contingent Structured Settlement Payments

Are You Able to Buy Life Contingent Structured Settlement Payments

Frequently we are asked what is a person’s options when they have life contingent structured settlement payments and are looking for cash.  There is no cookie cutter options when it comes to responding to this inquiry.  Many times the life contingent structured settlement payment are due very far in the future.- 10, 20, 30 or even 40 years out.

In evaluating whether we can assist an individual getting a lump sum or cash advance on life contingent structured settlement payments, an inquiry must be done regarding a host of factors including a persons age and health.  These two factors, as much as anything, dictate the valuation of payments that are life contingent.  Of course, when the payments become due and the “face amount” of the payments impacts the valuation as well.  It is important that the information we have on hand is accurate when performing the assessment.

That is not to say that every person that calls us looking for a quote on life contingent structured settlement payments has all the required information on hand.  In fact, many times part of our initial process is to gather documentation both from the public records and/or the annuity issuer to determine when it fact the life contingent payments are available and what the amount of the payments will be at the point in which they return.  An individual’s ability to know “off hand” the amount of a life contingent payment due in the future may be is is often more complicated if the payment stream contains a COLA.  When a COLA causes the monthly payment to increase each month (be it 1.5%, 2 %, 3% or even 4%), a calculation must be performed to properly arrive at amount of each payment each month.

Do Not Put All Your Eggs in One Basket, Call us at 1-800-317-3769 and Let Us Give You a Competing Quote for Your Life Contingent Structured Settlement Payments

Do Not Put All Your Eggs in One Basket, Call us at 1-800-317-3769 and Let Us Give You a Competing Quote for Your Life Contingent Structured Settlement Payments

Once it is determined what the payment amount is, and when the annuitant is entitled to start receiving the life contingent payments, we then can start the valuation.  Of course, since the nature of the payments is that the right to receive the same terminates upon the death of the individual, certain questions may be asked regarding the health and habits of the annuitant.  For example, as we all know, tobacco use impacts life expectancy- this is not to say that a smoker can not sell life contingent annuity payments but this “habit” may cause in many cases, the person selling life contingent payments to receive a smaller amount of money for his or her payment stream.

At Catalina Structured Funding, we specialize in getting people a lump sum of cash for life contingent payments.  We invite you to call us at 800-317-3769 and allow us to provide you an immediate quote.