Injury Structured Life Personal Injury Settlement Questions Answered

Home About Us Faq's Time Value of Money Structured Settlements Pricing Requirements Contact Us Free Quote		Frequently Asked Questions What is a structured settlement? Structured settlements are binding legal agreements between two parties whereby one party agrees to make payments over time to another party. These settlements normally occur with personal injury accidents, whereby the injured party(plaintiff) agrees to accept annuity payments from an insurance company, while releasing a defendent from liability. Payments are guaranteed to the plaintiff by the insurance company or an affiliate. There is no set structure for a settlement, and payment streams vary significantly. Why sell a structured settlement? Simply put, things change, situations arise, needs occur. Structured settlements are inflexible, and offer no help for immediate financial demands and desires. Have a sudden illness, or any other cash emergency? Sorry...you are "locked in". What looked good 2 years ago may not look as good today. The ability to sell your structured settlement gives you and your family the flexibility you require. Individuals in all fifty states now can access their annuity payments when financial needs arise. Can I sell my structured settlement payments? Most likely, yes! Typically, if you have an annuity due to a personal injury, you can sell your structured settlement, and get the money you need fast. How long does it take to get my money? Usually from four weeks or somewhat longer, depending on a number of elements. The initial underwriting and processing can be completed very quickly. If a court order is required, the court calendar's will determine your payment time frame, although our partners have sophisticated and formidable legal departments handling calender and processing issues efficiently and expeditiously. Can I sell only a part of my payments? You can sell as much or little of your structured settlement as you need and desire. A plan may be stuctured to purchase a portion of each payment, payments in a few years now, or way in the future, or lump payments in the future leaving you with regular monthly payments today. The choice is entirely yours! What about taxes? There are NO taxes to pay on your structured settlement sale! The United States Congress passed Bill HR 2884, which states that a subsequent sale, assignment, transfer, or encumbrance of structured settlement payment rights by a payee to a business entity like Insurance-Settlement does not create any adverse tax consequences for the parties to the original structured settlement. This includes, you, the seller, who makes the assignment of your structured settlement payments. President Bush signed the bill into law in January 2002. A court order may be required to avoid taxation. The following states have statutes requiring either a court order and/or certain disclosures before you can sell your payments. Every transfer of your settlement payments will require a court order to avoid a penalty under HR 2884, above. Arizona California Connecticut Delaware Florida Idaho Illinois Indiana Iowa Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska New Jersey New York North Carolina Ohio Oklahoma Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Washington West Virginia Which States do not currently have structured settlement transfer statutes? Arkansas, Alabama, Alaska, Colorado, Georgia, Hawaii, Kansas, Montana, Nevada,New Mexico, North Dakota, New Hampshire, Oregon, Vermont, Wisconsin, and Wyoming. This Does Not Prevent You from selling your Strucured Settlement. Find out how your state treats a transfer by filling out your free quote now! Most states have enacted a Model Act that requires a court review to determine if the transfer is in the best interest of the seller taking into consideration the welfare and support of seller's dependents. Other states including Kentucky and Michigan have enacted statutes that essentially prohibit an individual from selling their annuity payments. Specialists are waiting to help fulfill your specific needs. Fill out your free quote, and a settlement professional will get back to you within 24-48 hours. We match funders with clients in need or desiring substantial funding. Get started today! Fill out your free quote now to find out how you may benefit today!