Q: "What is a structured settlement?"
A: A "structured settlement" is a legal term that refers to a deferred payout arrangement between two or more parties that usually results from the settlement of a personal injury lawsuit where the injured party receives specified monetary payments over a fixed period of time. All settlement payments are classed as "non-taxable" because they stem from the annuitant's personal injuries rather than an investment plan.
Be advised that if you're considering selling a structured settlement worth under $15,000., the lump sum payout probably won't be large enough to justify the sales process. NOTE: This does NOT apply to annuities that were purchased as an investment.
Q: "Can I sell a fixed number of my future payments, or do I have to sell all of them?"
A: Yes, you can sell a fixed number of your future payments -- you do not have to sell the entire contract. In fact you can even sell half of a fixed number of future payments. This is known as a "Split Sale" and it lets you sell your payments while retaining your monthly income. We will structure any purchase to your particular situation.
Q: "Which documents will I need in order to sell?"
A: All that we require to get started are copies of the annuity policy and the settlement agreement.
If you do not have these documents on hand don't worry, we can help you get them. NOTE: You do not need to send us these documents in order to get a quote. You'll only need to provide them after you've decided to proceed with the sale.
Q: "Will I have to pay taxes on my lump sum?"
A: No. Under U.S. law all structured settlement payments are deemed non-taxable. And the lump sum is considered the same as the structured settlement payments.
Q: "I know someone who wants to sell a structured settlement, do you pay for referrals?"
A: Yes. If you know someone who wants to sell a structured settlement, contact us and ask about our referral program. If your referral decides to sell us their payments, we will pay you $500. after funding.
If you work in a field where you have regular access to settlement holders who may be interested in selling their future payments, please contact us for information regarding our Professional Affiliate Program.
Q: "How long will it take to close?"
A: Although the length of time it will take to process your sale will vary depending upon the State, County, how long it takes for you to send us the needed paperwork, and the time of year (the 3rd quarter is often busy due to the holidays) we usually close within 2-3 months.
NOTE: You may be eligible for a cash advance of up to $2,000. in cases of emergency. Some restrictions will apply, please contact us for details.
Q: "Will I have to attend court?"
A: This varies by both State and County -- in some places it's mandatory that you attend the hearing. While in other places your attendance is optional. However you should be prepared to show up in court if needed.
Q: "Will I have to hire an attorney?"
A: No, but if you would like to have an attorney represent you in your dealings with us, which we encourage you to do, this would be your only personal expense in the transaction. We will pay all of the bills necessary to complete the sale (legal, court, etc.).
Q: "Does Sell Annuity purchase any other cash flows?"
A: Yes. We purchase:
- Business Notes
- Business Royalties
- Casino Prize Payments
- Investment Annuities
- Mortgage Notes
- Registered Contest Winnings
- Restricted 144 Stocks and Securities
- State Awarded Lottery Winnings
- Worker Compensation
We do NOT purchase:
- Legal Judgments
- Life Settlements
- Pension Payments
- Trust Fund Payments
- Viatical Payments
Q: "How do I get started?"
A: You can either call us at (206) 202-1894 and one of our representatives will be happy to answer any questions you may have. Or, for immediate service, use one of our convenient online application forms and we will get back to you with a quote.
We're The One To Call When You're Not Sure Who To Call!
Tel: (206) 202-1894 · Fax: (206) 202-1894
Copyright © 1996 - 2010 Sell Annuity
. . . . .
|
