Tuesday 16 April 2013

Should You Sell Your Structured Settlement

As you (and many other Americans may know) dealing with insurance companies can be very difficult. It’s bad enough that you have to suffer through medical emergencies, but you also have to fight to get your insurance (which you pay for) to pony up the money you need to pay for your medical procedures. In many cases, you may even have to sue them in court to get your money. If the court were to rule in your favor, you will get a structured settlement instead of a lump sum. However, this may seem unfair, considering that insurance companies earn millions of dollars each year and you have to wait for your money. However, it may be more difficult and costly to try and get the lump sum from them. It might be better to just go ahead and sell your settlement. But, can you really sell structured insurance settlement?

There are many companies that do this. They can buy your settlement and give you the money you may desperately need. They will then wait for your settlement payments and give you the lump sum amount or what remains of it, for a small flat amount or a percentage of the lump sum.