Most people sell a structured settlement to meet financial needs and advance their lives. You can use the money for hundreds of reasons, such as purchase a home, start a business, buy a car or pay off debt. When you talk to your Annuity Specialist, they will help you structure a transactions that is right for you.
Yes. You are allowed to sell payments in accordance with the laws as outlined by the applicable Structured Settlement Protection Act and as approved by a judge in the state where you live.
Yes. You can sell a portion of one or of many of your payments. Exploring your options and crafting a transaction that is right for you is what our Annuity Specialists are trained to do everyday!
Some states require that you talk to a lawyer before you enter into a transaction, but we always recommend that you obtain independent legal and financial advice regarding your decision to sell payments. At First Sequoia we are focused on doing compassionate business, and that means always doing what is in the best interest of the client, every time.
No. Just as your structured settlement payments are non-taxable, so is the lump sum you are paid through the court order process.
Typically, it takes 45-90 days to go through court process and receive your funds.
You will need a copy of your settlement agreement, annuity policy, and a copy of your driver’s license (or other form of personal identification) to begin processing your transaction. If you have lost any documentation your Annuity Specialist will know the best way to get copies or guide you to successfully obtain new ones.
Depending on how far out in the future your payments due are how much each of them are will determine the value of your lump sum. Your Annuity Specialist will help you examine numerous options so you only sell exactly what you need to in order to accomplish your goals, while keeping the most that you can.
No. When you transfer payments you are selling their future value for the retail value today. If you need a loan or advance we can also help you. Just tell your Annuity Specialist what you are seeking.
You maintain control of how your money is spent once you receive it. However, the court must find that you are accessing money for reasons that are in your best interest.
No. Your credit score does not matter
In most cases, Yes. The process is a bit different because the payments you are seeking to sell must be insured, but many people sell these payments every day. Your Annuity Specialist can give you all the details.