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Before you sell structured insurance settlements test your knowledge and see if you mastered structured settlement 101 by taking the following brief quiz about selling your structured settlement for cash now:
Click on the answers and test your knowledge:
Yes, I will have to pay taxes if I sell.
No, I will not have to pay taxes if I sell.
Yes, I have to sell all payments.
No, I can sell just some payments.
No, you can only sell payments once.
Yes, I can sell more payments.
Yes, the judge knows best.
No, the judge is just one voice.
The nearer payments
the further payments
it depends on many factors
You got all of the above answers about structured insurance settlements correct
You are knowledgeable about selling your settlement, understand the benefits of structured settlements vs lump sum, and probably ready to make a good decision.
If you got more than one answer wrong you may want to read this guide again, just to ensure that you are thoroughly prepared for the sale process.
Begin a notebook or computer file to record notes during the sale process.
There are a few things in life so important that you should really educate yourself before embarking on them… having children, getting a pet, buying a house and selling a structured settlement are among them. You can never learn too much. Keep on reading, or call Strategic Capital, to ensure that you know all that you need to know in order to make the best decision for you and your family.