Cash for Structured Settlements
Lawsuits are often settled with a structured payment schedule, where you receive monthly payments. Sometimes, there is an urgent need for cash now as opposed to periodic monthly payments. At The Oliver Company, our certified cash flow consultants can help you convert your future monthly payments to a lump sum of cash.
Contact The Oliver Company today at 619.426.9883 to find out how you can sell future payments for cash now.
With a lump sum of cash for your structured settlement you can:
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purchase a home
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buy a new car
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pay off medical bills
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pay off credit card debt
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take a vacation
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start or expand a business
How Are Structured Settlements Created?
A structured settlement most commonly results from a personal injury lawsuit involving:
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Product liability
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Motor vehicle collisions
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Wrongful death
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Medical malpractice
When the outcome of a lawsuit results in a settlement, the damages awarded are funded in the form of an annuity contract issued by an insurance company. This settlement is structured as follows:
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A company (typically an insurance company) is selected by the defendant to structure the settlement.
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The structured settlement company purchases an annuity contract and sends the payments from the annuity to the plaintiff. The payments are fixed in time and amount.
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The structured settlement company retains ownership of the annuity even though the plaintiff is the beneficiary.
Who Can Benefit From the Sale of a Structured Settlement?
Each year about 15,000 new structured settlement transactions are originated in the United States. This ever-growing number points to an estimated cash flow of $25 million. Plaintiffs receiving a structured settlement can benefit from the sale of their stream of payments by receiving a lump-sum of cash.
Some states have restrictions on selling your structured settlement. We will help you navigate the legal complexities of selling your structured settlement.
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