Frequently Asked Questions Regarding Structured Settlements

Looking for cash for a structured settlement? Good news—you’ve come to the right place! Whether you are first starting the process or you have spoken other companies, give us a chance to earn your business and be the ones that provide you cash for structured settlement payments.

You may have heard of “Substandard Age Ratings” or “Rated Ages” if you have had a case where the plaintiff had a reduced life expectancy and a structured settlement was offered to settle the claim. A “rated age” is a life expectancy adjusted age used to calculate the cost of a structured settlement. If a person receives a rated age it means that the life insurance company has decided that the person’s life expectancy is less than normal. The shortened life expectancy results in a lower structured settlement cost for the same benefit stream when compared to the cost for a person with a normal life expectancy.

The structured settlement tax rules enacted by Congress lay down a bright line path for a structured settlement. Once the plaintiff and defense have settled the tort claim in exchange for periodic payments to be made by the defendant, the full amount of the periodic payments constitutes tax-free damages to the victim. The defendant then may assign its periodic payment obligation to a structured settlement assignment company (typically a single purpose affiliate of a life insurer) that funds its assumed obligation with an annuity purchased from its affiliated life insurer.

The points listed above should help you find the company that pays most for structured settlements. One thing to look at is if the buyer licensed in the state as some sales will not be approved if they aren’t. Any good company will be able to answer all questions and can take care of the paperwork that goes along with this type of transaction. Selling annuities don’t have to be hard, and the right company will make it easy. The biggest challenge, it appears, is to find the right company to work with. Call Us Today Helpful Articles

Knowing your client’s current standing relating to public benefits and considering their future needs set the foundation for designing benefits. Currently there are 12 major life insurance providers and one company offering a Treasury product. Each company has their own underwriting and pricing standards. Your consultant should be aware of interest rate trends, understand how to capitalize on daily rates and when appropriate, combine multiple structured settlement providers to maximize benefits and diversify risk with your client’s investment. Other factors that will impact a case are the size of the structured settlement and whether a “rated age” can be obtained.