Get Several Structured Settlement Quotes Before Selling

You have been issued a structured settlement due to inheritance, the lottery, or an insurance claim. The money trickles in a little every few months, and the bills are piling up higher than the checks. You decide to sell your annuity to one of the many reputable, structured settlement purchasing companies, so that you can get the most of your money up front instead of in small doses; one of the most important steps before you finally sell your annuity is to make sure you get a quote for your sale.

Millions of people have structured settlements, or annuities, and many of those choose to sell their settlements for a lump sum. There are many local and national laws to protect those with structured settlements who choose to sell them. For example, an annuity buyer is required by law to disclose all fees up front, a law that is underused by many sellers all over the country.

Structured Settlements

To make sure you get the most of your structured settlement, make sure to choose a few companies with good, solid reputations and have them give you a quote. Whether you are selling all or part of your annuity, this can save you quite a bit of money (and headaches). Getting several quotes will allow you to hunt for the best buyer for your annuity.

Quotes from annuity buyers require full-disclosure by law, so a quote should be laid out with all fees, discount rates, and totals in an easy-to-read format. You may also want to get a third-party involved, if you are unsure what exactly you will be signing, and whether or not you're getting a fair deal. When you do decide to sell your annuity, the final outcome should be a sense of relief, not wondering if you have done the right thing. A simple quote can give you some peace of mind, and a little extra padding in your wallet.

Get Several Structured Settlement Quotes Before Selling