To sell structured insurance settlement means you’re selling the periodic payments you are regularly receiving for lump-sum payment. Though this may sound simple, there are several factors that you may need to consider before you can finally sell your structured insurance settlement. Perhaps the first thing you need to do is to know the present cash value of your structured settlement. You can either hire a financial adviser or you can use online calculators which will only require you to provide certain information about the structured settlement. After you have learned about the current value of your structured settlement, you now have to look for settlement buyers.
You need at least 3 buyers on your list. Make sure that you check for the legitimacy of the buyers. You can ask for their quotes and choose the highest bidder. Once you have notified the company that you’re interested to sell your structured settlement, they’ll send you a contract which you need to review, if there’s something you don’t understand, you need to clarify it with their representative before signing any document. You may want to consult a lawyer during this stage. If you agree to all the terms on the contract, you now sign it and send it back to the settlement buyer. Then you receive the check once the contract is approved.
You need at least 3 buyers on your list. Make sure that you check for the legitimacy of the buyers. You can ask for their quotes and choose the highest bidder. Once you have notified the company that you’re interested to sell your structured settlement, they’ll send you a contract which you need to review, if there’s something you don’t understand, you need to clarify it with their representative before signing any document. You may want to consult a lawyer during this stage. If you agree to all the terms on the contract, you now sign it and send it back to the settlement buyer. Then you receive the check once the contract is approved.
