Where Do You Find A Qualified Buyer of Structured Settlement Annuity?

Finding a qualified buyer of structured settlement annuity is much easier these days thanks to the Internet. With just the click of a mouse you have access to the top note buyers in the country, and you can sell your annuity in a matter of days. It's just a question of finding the right buyer.
Many people find at the beginning or over time that the monthly payments they receive as part of a structured settlement no longer work for them. They might need an immediate source of cash, might be looking to retire or just might not want to assume the risk anymore. Whatever the case may be, there are professionals who are willing to purchase these settlements and assume the risk for you.
It's important to remember that you do not have to sell your entire note. Rather, you can tell the buyer of structured annuity settlement that you only want to sell a portion of it. This is called a partial and it is a common way of structuring the deal. Here's an example of how this works:
Let's say you have a $100,000 settlement paying over 5 years. You need $40k now for a new investment. Well you can sell $40k worth of payments (however many months that works out to be) and retain the rest of the monthly income. Once those payments are made, you resume right where you left off and start receiving your monthlies again.
There are other ways to sell as well, and a knowledgeable buyer of structured settlement annuity will be able to explain all of them to you. After hearing all of the options you can decide which works best for your particular financial situation.
How much will you get for your structured settlement?
That depends on a number of factors, including but not limited to the remaining balance, months/years left, inflationary concerns, timeliness of payments and the financial stability/reliability of the payor. The buyer of structured annuity settlement will take all of these into consideration to come up with their valuation. Remember, it has to make financial sense for them as well as they are taking on the risk of holding this annuity, possibly for many years to come.
If you're considering selling your note, make sure you find a qualified buyer of structured settlement annuity with many years of experience in the industry. This way you are sure to get top dollar for your settlement.

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Settlement Annuity Buyers - Who Are They?

Structured settlements are created when a personal injury lawsuit is settled, for example as the result of a product liability, premises liability or wrongful death claim. Structured settlements are devised to provide claimants' financial compensation through long term periodic payments, which can run as long as 30 years or more, including life. Monthly and/or yearly payments are guaranteed through an annuity contract which is backed by a highly rated life insurance company. However, sometimes settlement recipients regret having entered into such a long term commitment and would have preferred to have received a lump sum settlement initially. Unfortunately, the annuity settlement agreement prevents any changes to the terms and conditions agreed to in the settlement agreement. In addition, most settlement recipients are unaware of their legal right to sell their settlement payments in exchange for a one time lump sum cash settlement. The question is who to turn to for this financial assistance.
Settlement annuity buyers - who are they?
Structured settlement annuity buyers are composed of specialty finance companies, brokers and more recently a select group of annuity companies.
Specialty finance companies purchase settlement annuities at discounted rates according to their present value calculations. Essentially, these calculations take the payments due in the future and value them to the present. It is based on the old axiom that $1 due today is worth more than tomorrow. For example, if someone wanted to sell you a $15,000 payment due in eleven years from his uncle Henry, and wanted to sell this annuity payment to you today, how much would you offer this person, if anything at all? Well, these specialty finance companies are dedicated to purchasing these annuity payments everyday and engage in the daily practice of "factoring" in order to offer you a reasonable quote.
Brokers are simply middlemen that have relationships with a few direct buyers and shop your settlement annuity payments to these few buyers. Today, brokers disguise their broker/buyer relationship behind auction or bidding websites. Depending on their sales commission structure, they will present you with a few offers or simply relay to you their best and highest offer. However, be cautious with brokers that present you with an offer which may not be the best and highest offer, but will provide the broker with the best and highest commission.
More recently, there are a couple of life insurance companies that will offer to purchase their customers structured settlement annuity payments. These insurance companies use their inside knowledge to gain leverage in offering unsolicited low-ball offers Usually, the offers provided are lower than dealing with a direct buyer or even a broker. Therefore, be wearing of accepting these buy-out offers without shopping around.
Conclusion
When selling your structured settlement payments, it is wise to take the following points into account:

• Speak to a CPA or other financial specialist;
• Obtain several lump sum cash settlement quotes;
• Become familiar with your state's Structured Settlement Protection Act;
• Deal with a reputable company;
• Read and understand the buy-out contract and all disclosure statements;
• Understand the transaction, including the required court approval process;
• Seek an attorney if you feel confused with all the legal mumbo-jumbo.

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