Structured Settlements Do a Good Job

Just because a client decides to sell their structured settlements payments does not mean that the settlement was not effective or did not do its job - it did its job magnificently.

The security and reliability of structured settlement payments allow clients to recover from injury, and mend their lives emotionally and financially. But sometimes people's lives change and they have to consider selling their settlements for a single lump sum. This is not a negative reflection on the original settlement but is rather an empowering moment for annuitants to be able to deal with what life throws at them.

At Strategic Capital, we understand that emotional recovery benefits from financial stability. And the structured settlement provides exactly the stability and certainty that are helpful as annuitants struggle to regain their normal life. Most of the time the settlement does its job! Furthermore, for the vast majority of annuitants, these payments will continue to do a great job, untouched, through the life of the payment structure.

But, for a minority of clients, the best or only solution to an unexpected financial need is to sell their settlement payments. These clients need to sell their payments because the world has changed, their lives have changed, or their needs have changed - or maybe because everything has changed!

In our modern world the structured settlement's role has expanded: it can be called upon to be a critical illness policy for those who don't have critical illness insurance and who need to deal with a life changing illness. The settlement may play the role of an education fund for those who need it, allowing a person to move forward from adversity by changing fields and learning new skills. And it can play the role of a forced savings account for those who need to draw on savings to deal with a changed financial circumstance. These future payments can be many things to many people.

In our modern world the structured settlement's role has expanded: it can be called upon to be a critical illness policy for those who don't have critical illness insurance and who need to deal with a life changing illness. The settlement may play the role of an education fund for those who need it, allowing a person to move forward from adversity by changing fields and learning new skills. And it can play the role of a forced savings account for those who need to draw on savings to deal with a changed financial circumstance. These future payments can be many things to many people.

Today, the structured settlement has become even better than ever imagined! It is a tool that helps people live a better life and take a first step forward. It is also a tool that can adapt. That is, these payments can be sold to give the client a lump sum payment that, in some situations, may better suit their circumstances. But at Strategic Capital we know that the decision to sell payments is a serious one and must be made with great care.

Structured Settlement Quiz

See what you know, and what you still need to learn about selling structured settlements

If your structured settlement payments are tax free and you sell for a lump sum, do you have to pay taxes on that lump sum?

a

Yes, I will have to pay taxes if I sell.

b

No, I will not have to pay taxes if I sell.

Speak with an Expert

We genuinely care about your happiness. Selling your settlement is a big decision that will impact your life now and in the future. That’s why we encourage you to speak with one of our experts. Get a second opinion if necessary. We’ll be here when you need us.

Selling Structured Settlement Payments Process

If you find that you are thinking to yourself, “I should sell my structured settlement for cash”, you should know that the process usually takes two to three months. Though, in some cases, Strategic Capital has completed a purchase in as little as 18 days! So, while the process involves a number of steps, there are ways to speed it up. With Strategic Capital most of the steps are done for you, but some of the work can be done by nobody except for you.

Most of the steps in the process are common to any person who has wondered about how to “sell my structured settlement for cash”, no matter how much your payments are or where you live. Of course, your Strategic Capital expert can give you the details that are specific to you, but the graphic below shows you the general process that you will go through in selling your settlement.

STEP 1

Annuitant contacts few factoring companies to get a competitve quote

STEP 2

Annuitant contacts few factoring companies to get a competitve quote

STEP 3

Annuitant contacts few factoring companies to get a competitve quote

The Straight Goods

Understand the true cost of selling

When you sell structured settlement payments, it costs you money.

Get expert advice and solutions tailored to your needs

There may be other ways for you to solve your financial need.

Make sensible choices based on fact

If you decide to sell structured settlement payments, you do not need to sell all of your payments.

Get the best price

The better the price, the fewer the payments you have to sell and the more payments you can keep.

Do not sell all your payments

The better the price, the fewer the payments you have to sell and the more payments you can keep.

When it sounds too good to be true

Last but not least, it is important to get a good price. We will provide you with a good price, up front and without hassle. Beware of those who will mislead you by offering a low price, and then suddenly raise their price significantly - how can you trust them? What does that tell you about their intention of helping you?

Request your free quote now!

Get Cash, Carefully

What to do when you are facing a financial challenge?

Make sure to review our budgeting advice If you need to solve a financial challenge:

Make a budget

Try to reduce and/or cut your costs and expenses.

Identify ways you can get a lump sum of cash

Ask someone you know for advice.

Sell the right number of
payments

Calculate how much you really need.

Sell as few payments as you can

Keep the payments that will help you the most

Lawyer Associations Recommendations

New Hampshire associate for Justice's logo as lawyer associate
Tennessee association for Justice's logo as lawyer Associate
Markland Association for Justice's logo as lawyer associate
Kentucky Justice Association's logo as Lawyer associate
Natle's logo as Lawyer Associate
Consumer Attorneys California's logo as lawyer associate

Structured Settlement Round Table

Patrick Hindert Managing Director of S2KM Limited

Patrick Hindert

Managing Director of S2KM Limited

The first pitfall occurs if individuals “over-structure” when they settle their personal injury claims. An approp... Read Patrick Hindert's bio

Matt Bracy Attorney at Nesbitt, Vassar & McCown, LLP

Matt Bracy

Attorney at Nesbitt, Vassar & McCown, LLP

One thing that potential sellers of structured settlement payments should carefully consider is whether they dep... Read Matt Bracy's bio

Joseph J of Dehner Frost Brown Todd LLC

Joseph J Dehner

Frost Brown Todd LLC

Two things really – (1) Not taking enough time to think before concluding they must have money now versus waiting f... Read Joseph J Dehner's bio

Earl Nesbitt Partner at Nesbitt, Vassar & McCown, LLP

Earl Nesbitt

Partner at Nesbitt, Vassar & McCown, LLP

Structured settlement/annuity payments are a valuable financial asset of the payee. In every Secondary Market transac... Read Earl Nesbitt's bio

Eugene Ahtirski The Law Offices of Eugene A. Ahtirski

Eugene Ahtirski

The Law Offices Of Eugene A. Ahtrirski

The 3 most common mistakes and/or pitfalls that sellers of structured settlement payment streams often make... Read Eugene Ahtirski's bio

Terry Taylor of Plaintiff Structures

Terry Taylor

Plaintiff Structures

Fast talking sales people in call centers and companies that call far to frequently trying to pressure the seller int... Read Terry Taylor's bio

Advice From Our Experts

The best lawyers in the industry offer sound advice to our clients.

Busting the Myths
Understanding Your Structured Settlement

Myth #1

It’s your money.

The truth here is that structured settlement annuities do result in small returns. But that’s alright. Their purpose is to provide stability not high interest. And truth be told, other investments a...

Myth #2

You can earn more if you invest on your own.

The truth here is that structured settlement annuities do result in small returns. But that’s alright. Their purpose is to provide stability not high interest. And truth be told, other investment...

Myth #3

You can earn more if you invest on your own.

The truth here is that structured settlement annuities do result in small returns. But that’s alright. Their purpose is to provide stability not high interest. And truth be told, other investment...

Myth #4

You can earn more if you invest on your own.

The truth here is that structured settlement annuities do result in small returns. But that’s alright. Their purpose is to provide stability not high interest. And truth be told, other investment...

Myth #5

You can earn more if you invest on your own.

The truth here is that structured settlement annuities do result in small returns. But that’s alright. Their purpose is to provide stability not high interest. And truth be told, other investment...

Myth #6

You can earn more if you invest on your own.

The truth here is that structured settlement annuities do result in small returns. But that’s alright. Their purpose is to provide stability not high interest. And truth be told, other investment...