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.

Figuring Out What Life Contingent Structured Settlement Payments You Have to Sell

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:

footsteps1.  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

First Step to Getting Cash for Life Contingent Structured Settlement Payments is Calling Us- 800-317-3769

Verifying Life Contingent Structured Annuity Payments

Verifying Life Contingent Structured Annuity Payments

For the person familiar with what it takes to sell structured settlement payments for a lump sum, the content of this article may not be particularly helpful.  Indeed, after you have gone through the process once or twice, we find that individuals become very knowledgeable regarding what it takes to get a lump sum in exchange for structured settlement payments.  People that sell structured settlement payments become very familiar with the rhythm, speed, and process of working towards getting a lump sum through the court process.

The speed is very much controlled by the law in the state where you live.  Some states indicate that a disclosure statement must be provided 3 days or 10 days prior to the effective date of the contract, while other states have no such disclosure period.  Once you sell in  your state the buyer you work with probably has explained the process once already.  Indeed, the reality is the system, the state law required periods of time that must be followed are requirements that EVERY structured settlement buyer must follow.  Moreover, they are applicable to every sale of structured settlement payments- whether you are selling 5 years of $500 worth of structured settlement payments or $1 million dollars annually from a structured lottery winning.

How come selling life contingent structured settlement payments to a buyer can be different and require more information than your first few transactions.  After all, you would think that your expertise and experience would ensure you know the ins and outs of every aspect of getting cash for structured annuity payments.  While in some ways your experience is helpful, getting cash for life contingent structured settlement payments is a slightly different animal.  In fact, we have seen all too many life contingent structured settlement buyers offer customers thousands of dollars less than we offered and that may be in part because they are unfamiliar with the process or unclear how to price the purchase of life contingent annuity payments.

What you need to be on the look out for is whether you are dealing with net lump sums or gross lump sums when you are looking to sell contingent life payments.  Sure, a number being offered to you sounds great but what does the paperwork say. Is the life contingent payment buyer taking out fees, costs, and insurance related expenses?

At CSF, we are experts in buying life contingent structured settlement payments.  We pay thousands more to some customers that bring us buyout offers from other companies.

Call us today at 1-800-317-3769

What to Do If You Do Not Know When You Get Your Life Contingent Structured settlement Payments Back

What to Do If You Do Not Know When You
Get Your Life Contingent Structured settlement Payments Back

One of the common questions we get when people call us looking for us to buy life contingent structured settlement payments from them is “Can You help me figure out when i will begin to recent life contingent structured settlement payments?”.  How is it possible that a person does not know when they are to begin receiving structured settlement payments?

The answer is fairly straightforward:  Many times they sold guaranteed structured settlement payments going out 20, or 30 years and that transaction took place years ago.  After several moves, like many of us, certain things got lost and the person no longer remembers if those life contingent structured settlement payments come back in 2032, 2037 or 2042.  Just yesterday, a woman from New Jersey that had worked with other structured settlement buyers in the past came to us with this very issue.  When she was 18 years old she had done a transaction selling some of her structured settlement- the settlement started at $1,000.00 a month but increased by 3% annually for a fixed period of time guaranteed and then the rest of her life.  This potential customer than, through a series of additional sales with other companies, sold the remaining balance of her guaranteed payments.

Now, many years later, she was looking to sell life contingent structured settlement payments but was not sure when the life contingent phase started.  What her options to locate this information?  She can contact the annuity issuer and they would provide information.  How long will that take?  Could be weeks.  She could go to the courthouse and get the documents from her previous structured settlement sales.  How much time and aggravation would that cause?  Probably a lot of both.  She could contact her lawyer and maybe he could help.

Alternatively, she called us to see if we would make an offer to buy life contingent structured settlement payments AFTER we figured out what she had remaining-  how much are the payments going to be when they come back and when do they come back–.  Within a few hours and with a little assistance, we were able to assist her in ascertaining the information regarding her life contingent structured settlement payments.  She could than consider whether she wished to sell them to us, if at all, and we could decide if this is the type of transaction we were interested in.

Let us Help You Discover What Structured Settlement Payments You Have Left.

There is No Charge

800-317-3769

 

How to Go About Selling Your Structured Settlement: Choosing The Right Buyer For You

How to Go About Selling Your Structured Settlement: Choosing The Right Buyer For You 

                If you are considering selling your structured settlement, chances are that you’ve probably already done a fair deal of research on the topic of converting your structured settlement and structured settlement buyers.  You probably realize how important it is to pick a knowledgeable and experienced buyer of structured settlements that can handle all aspects of the conversion from A-Z.  Chances are you’ve also encountered a number of buyers in the market while doing your research.  The question now is whom do you go with?

When deciding which buyer to choose, you want to narrow your focus on the most important areas of the conversion process:  First, the conversion process can be prolonged and complicated, depending on your state’s legal requirements; you need a buyer with the experience and know-how necessary to effectively close out your conversion.  Secondly, as noted, the process may be long, and you likely need money now and can’t wait; you’re also going to need a buyer that offers cash advances and FAST, too.  Thirdly, customer service should be one of your main concerns, as this can make or break your relationship with the structured settlements buyer that you’re working with.  And finally, the PRICE that you will get for selling your structured settlement payment is also a critical consideration.  Here, at CSF, we pride ourselves on beating our larger competitors on several levels and outperforming them every step of the way.

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Sell My Structured Settlement to CSF: 800-317-3769

Starting with the first consideration, our experience and knowledge in the industry is unparalleled.  Our knowledgeable and professional staff has been involved in the structured settlement industry since its formative stage.  We have the legal expertise necessary to ensure successful completion when you sell a structured settlement without any unnecessary delays or problems.

Moving on to cash advances.  We are generally able to provide each structured settlement customer with a specific cash advance amount that they qualify for.  You can call us today to see how much you qualify for and exactly when this cash advance will be provided.  Call us about a structured settlement buy-out and during that very first conversation we will get you the exact amount of the cash advance you qualify for as well as the very best structured settlement lump sum offer you have.   It is how we think a top buyer of structured settlements should operate.

Our commitment to customer service is also unparalleled in today’s market.  We look at it as if our reputation as a settlement buyer is at stake with every transaction and therefore treat every customer with a structured settlement annuity as if he or she is our most important customer.  We provide first-quality customer service to all our client’s, which includes: free case evaluations, free quotes, free information, free status updates and anything else that is necessary in the process of completing your structured settlement conversion.

Finally, comes one of the most important criterions: PRICE.  How much you can get for your structured settlement depends on how much of it you want to sell (full buy-out or partial sale) and whether the payments are guaranteed or life-contingent (we buy both!).   Call us today for a free structured settlement quote and a free structured settlement case evaluation over the phone!

800-317-3769

How to Get Cash for Life Contingent Structured Settlement

How to Get Cash for Life Contingent Structured Settlement

                Somebody caused harm to you and refused to pay.   You hired an attorney, had your day in court, and the case settled in your favor.  Congratulations, your attorney helped you get the proper compensation for your injuries and justice was served.  However, the settlement that you received, a structured settlement, just isn’t enough anymore to cover your expenses, obligations, land/or business opportunities.

This is when you start questioning your decision to go with a structured settlement as opposed to a lump sum payment of cash.  Now that you need CASH NOW, you would like to trade in or convert your structured settlement payments for a single lump sum of cash now.  You’re in luck because this is possible- it is even possible to get cash for life contingent structured settlement portion.

Virtually every state allows a person to sell his or her structured settlement payments to a buyer.  The selling of your structured settlement payment (known as the transfer or conversion), can be complicated and prolonged, depending on your state.  Most states require several disclosure statements to be sent out to the seller by the buyer.  Most states require a waiting period and even a court hearing where a judicial officer has to give advance approval of the transfer before the sale can go through and be considered valid.  As you can see the time can vary, depending on how complicated your state’s laws are and how many requirements the buyer has to take care of.

Despite all these requirements, there is some VERY GOOD NEWS for you:  generally, the BUYER is the one that takes care of all of this.  What this means is that you’re only job is picking the right buyer for the job to get cash for life contingent structured settlement payments.  The transfer process begins once you pick which buyer you want to work with.  Once you do that, that buyer will initiate the transfer process and will be responsible for taking care of all the legal requirements, sending you all the notices, and arranging all the paper work.  This, and the fact that you get to pick only one buyer, is why it so important to choose the right buyer.

                When choosing the right buyer, you need to look for experience, price, and customer service.  Here at CSF, we usually beat our bigger competitors in all three categories.  We have the experience necessary to successfully and quickly complete the cash conversion of your life contingent structured settlement in virtually every state.  We can usually offer you the more cash for your life contingent structured settlement payments if you call us with an offer from another buyer.  And finally, we pride ourselves on our first-rate customer service.  Call us today and see what we can do for you.

 1-800-317-3769

 

Pros and Cons of Selling Life Contingent Structured Settlement Payments

Pros and Cons of Selling Life Contingent Structured Settlement Payments

                You want to sell your life contingent structured settlement payments for cash now (for a lump sum of cash).  This is called a structured settlement conversion by many people.  You searched online and saw a bunch of websites pop-up, from companies that buy structured settlements.  But you’re just not sure if selling your life contingent structured settlement payments is right for you.

As with most things, there are pros and cons to selling your structured settlement payment rights for cash now.  Selling your structured settlement payments is a trade-off—you have to take the good with the bad.  However, it’s important to note that choosing the right buyer can make a huge difference and can really help increase the pros while keeping the cons to a minimum.

Here at CSF, our knowledgeable and professional staff have a combined experience that is very special.  Our team is willing to assist you in as many ways as possible so that you could have the most POSITIVE experience in selling your future periodic payments for a lump sum of cash.  Our goal is to make sure you experience more pros!  That is why we wrote this article: we want you to fully understand the conversion process so that you could be as fully prepared as possible.

Let’s take a look at the various pros and cons involved in selling your future periodic life contingent structured settlement payments for an upfront lump sum of cash (the purchase price).   Remember, choosing an experienced and reliable buyer like CSF can make all the difference when getting cash for life contingent structured settlement payments

PROS:

  • You get CASH NOW for your future annuity/structured settlement payments!  Remember, choosing the right buyer is HUGE.  Often times, we are able to beat our competitors and offer you the MOST CASH for your structured settlement payments that you have received from the companies that you have spoken to.
  • You don’t have to sell anything else, like your car, house or condo.
  • You can take care of all those bills, emergencies, and other surprises that life brings to us.
  • You have flexibility in what you sell!  You don’t have to sell all of your structured settlement payments; you can sell only a part of your structured settlement payments.
  • You don’t have to be at the mercy of the bank or credit card companies and their crazy interest rates.
  • You can even sell your life-contingent future payments.  These are future payments that you can get only if you are alive.

CONS:

  • You get less than the aggregate sum of all the future payments that you sell.
  • You usually must appear in court for a hearing to determine whether your sale can go through or not.
  • It may take a while before your sale is approved.
  • Your sale may not be approved by the court.
  • You do not receive the structured settlement payments you sell for a lump sum, even the life contingent structured settlement payments.

photo_530_20051115This list was meant to help you better understand the nature of selling your structured settlement payments.  You should make decisions on your own. We do not provide legal, tax or financial advice of any sort.  Selling your structured settlement payments may be a complicated process and you may still have questions after reading this article.  You can call us directly at 800-317-3769. for more information, answers to your questions and a free quote with a free case evaluation, all over the phone! CALL TODAY!

 

Who Buys Life Contingent Structured Settlements?

Who Buys Life Contingent Structured Settlements? 

We recently received a call from a potential customer in Florida looking to sell life contingent structured settlement payments.  She was curious whether we buy life contingent structured settlements in Florida, our experience and how much was the most we would pay her.  Apparently, prior to calling us she had a two month “ordeal” with another buyer that has resulted in delays and ultimately the court denying her sale of life contingent structured settlement payments.

It is not an uncommon tale for the customer that does not do there legwork upfront and find an experienced company willing to buy life contingent structured settlement payments.  You see, buying life contingent payments, whether from lottery, structured settlement or annuity, is not an easy task and should not be gone about without the experience it takes to getting people cash for life contingent payments.  This may not always be the case if you work with a company that claims to buy life contingent structured payments but actually does not. The sophisticated seller, that does not want to waste his or her time therefore, would be wise to spend some time at the outset looking for a structured settlement buyer that works in this area regularly.

In the case of the woman that was trying to sell life contingent payments in Florida, we were able to offer her 50% more for her payments than the prior buyer that attempted to purchase the life contingent structured payments.  Can we always offer that much more? No, not always but more often than not we can beat your best offer for life contingent structured settlement payments.  Plus, with our experience, putting together that appraisal may not take as long as when you work with less experienced company that claim they are the answer to “who buys life contingent structured settlements“.

Calling Us Is a Step in the Right Direction When Looking to Sell Life Contingent Structured Settlement Payments

Calling Us Is a Step in the Right Direction When Looking to Sell Life Contingent Structured Settlement Payments

While we cannot guarantee we can help everyone, and issues that come up with life contingent structured settlement transactions are plentiful, what we can always offer is a fair and candid review of what we can offer and the speed at which we anticipate delivery the lump sum of cash.  At the end of the day, these two elements serve as a critical component of the decision you, and only you, can make regarding whether it is worth it to move in the direction of getting the lump sum of cash for life contingent annuity and settlement payments.

Contact One of Our Expert Life Contingent Payment Buyers at 1-800-317-3769.

Who Buys Life Contingent Payments

Who Buys Life Contingent Payments

A little know option among people looking to sell future payment streams is the option to cash out life contingent structured settlement payments and life contingent annuity payments.  While there is a lot out there about selling guaranteed payments, few companies advertise an ability to buy life contingent settlement payments.

Why is this?  Truth be told it is far more complicated to convert life contingent structured settlement payments and life contingent annuity payments to an immediate lump sum.  Luckily, Catalina Structured Funding, Inc., is here and more than capable to work with you to convert nearly every type of assignable structured settlement that is life contingent into cash now. We have designed a system which puts the customer first in terms of efficiency and avoidance of inconvenience.  Plus, since we work to buy life contingent payments regularly you will not experience any delays or bumps when you chose us to be your life contingent structured settlement buyer

What can you do with the money you receive from us for life contingent payments?  You can literally chose utilize the lump sum in any way that will make your life better and is in your best interest.  Maybe you will use the cash to buy health insurance, a car to help your family and get to and from work, or maybe you will put a down payment on a house to create stability and security for your family. When you work with Catalina Structured Funding, Inc., to get cash for life contingent payments, it is our job to follow through with the commitment to get you the cash you agree to and the court approval as quickly as possible. After that, it is your decision how to properly utilize the funds, consistent with your best interest, to improve your life.

Curious what it takes to get cash for life contingent structured settlement payments?  How much time it will take for the court to approve the sale of life payments?  What is the most cash for life contingent structured settlement payments other companies have offered you?  Give our friendly, pressure free experts at call at 1-800-317-3769 and learn more about anything you want to know about the process, the funding time, or the details of your life contingent structured settlement.

Do not have all the information on hand regarding your structured settlement and when and how much the payments are?  No worries, call us and we will help you locate it.

1-800-317-3769

Company that Buys Life Contingent Payments

We buy life contingent payments all the time.  Its a special niche of the lump sum business and only the very skilled and competent buyers can execute to get you the cash you are looking for.

In the area of future payments there are two variations:  guaranteed payments and life contingent payments.  To understand the difference, and it is significant, one must look at the nature of the payments and commitment of the entity that agreed to the make the future payments to you.  You may be owed payments in the future for a host of reasons. Some of them are workers compensation payments, disability payments, annuity payments, structured settlement payments, structured insurance payments, and even lottery payments.

Most of the time it will be quite easy to determine if your future payments are guaranteed payments or life contingent payments.  Sometimes its the very nature of the payments:  workers compensation payments are generally life contingent.  In other words, they are put in place to compensate the injured worker for loss of the ability to work or reduced capabilities.  If the injured worker passes away, in all likelihood the compensation payments being made directly to him or her will stop.  Consequently, in this scenario, the payments will deemed life contingent payments.

Another area of future payments that may be life contingent payments involve structured settlements. Structured settlements come in all shapes and sizes and by their very nature are controlled by the terms of the settlement agreement and annuity contract.  Often, although not always, structured settlements contain a life contingent payment phase.  Some folks refer to this portion of a structured settlement as: Life contingent structured settlement payments; life structured settlement payments, nonguaranteed structured settlement payments or out of guarantee period structured settlement payments.  We can help you determine if your structured settlement has a life contingent payment phase or when that out of guarantee period for structured settlement payments begins

Finding a company that buys life contingent payments from a structured settlement or annuity may seem like an easy task if you simply go by the results that come up when you do a simple search.  The truth of the matter, however, is that it is far easier to advertise you are a company that buys life contingent payments than it is to actually acomplish the task of providing an individual with an lump sum of cash for life contingent payments.

If you want to work with an expert buyer of life contingent payments, give us a call at 1-800-317-3769.  Our quotes are completely free, without any obligation and can be accomplished in minutes.