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Structured
Settlement
Court Awarded Structured Settlements and Annuities are income streams paid by a
life insurance company to compensate an injured individual as the result of a
personal injury lawsuit, medical malpractice suit, wrongful death suit or any
other type of liability settlement. As a result of injury or wrongful death,
plaintiffs are commonly awarded very large settlements. Rather than receiving
the settlement in a lump sum, however, the injured party most commonly receives
the money as monthly installments in the form of an annuity.
We specialize in providing these annuity payment
recipients advanced funding for their future monthly or lump sum payments.
Providing these individuals with the cash they need now, while we wait to
collect those future annuity payments according to the original payment
schedule. We will pay you a percentage of your future payments, the
percentage amount we pay for these future payments is based primarily on the
time it will take for us to get the money back.
There are generally two types of annuities, what are known as assignable
annuities (these assignable annuities are purchased by an individual for the
benefit of a spouse or child prior to the buyers passing and pay a monthly
annuity payment to the recipient for a specified period of time). Assignable
annuities are quite easy to purchase and do not require a judicial approval.
Purchases of this type of assignable annuity are often able to be funded
very quickly, often in as little 30 days. The
second type of annuity is known as a non-assignable annuity or
structured settlement these types of annuities are funded by a single
premium annuity payment and are purchased to provide a predetermined payment
stream to the payee and are typically the result of a lawsuit, injury
settlement or wrongful death suit that has been settled. Purchasing this
type of non-assignable annuity or structured settlement does
require judicial approval. This judicial approval process is often the
determining factor in the length of time it takes to purchase these types of
structured settlement payment streams. The entire process from the time we
receive your application until you have the money in your bank account is
often determined by the speed at which a court date is able to be
scheduled in your particular state; however, with that said in most
cases the process takes about 6 to 8 weeks, although in some states it may
take as long as four months.
We Offer Flexible Cash
Options to Meet Your Needs
- Only need a certain amount of immediate
cash right now?
- You don't have to sell your whole
Structure Settlement!
Types of CASH Solutions We
Can Offer You
Full Purchase
- You can sell all of your remaining payments for CASH now.
Partial Purchase
- You can sell any number of your scheduled payments; and receive the
remaining payments in the future.
Balloon Purchase
- If your Business Note has a final balloon payment, you can sell some or
all of the payments; and either sell or retain all or part of the balloon
payment.
Multi-Stage Payout
- You receive a lump sum at closing plus a guaranteed payment at a set
future date.
Reverse Partial Purchase - You receive cash
at closing for the sale of future payments, plus you receive the next up front
(number) of payments when due.
Split Partial Purchase
- You receive cash at the closing for the sale of just a part of each
of the future payments, plus you receive the remaining part of each payment when
due over the term of the Business Note.
(Structured Settlement)
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