Have questions about exchanging your structured settlement for a lump sum of cash? View the answers to some of our most frequently asked questions below.
Structured Settlement Annuities are purchased when a claimant agrees to resolve a personal injury or wrongful death lawsuit by receiving all or part of a settlement in the form of periodic payments on a pre-determined schedule, rather than as a lump sum. Once a structured settlement annuity is purchased, the insurance company that issues it is contractually bound to adhere to the original payment schedule.
Most people can sell their rights to receive a structured settlement for a lump sum of cash. If your current payment schedule isn’t fitting your financial needs or you’d like to have full access to your money for a large investment, contact us to see if we can get you the lump sum you want.
No! You can choose to sell a period of your payments (Sell 5 years worth of a 10-year plan), sell a portion of your payments (Sell $200 of each monthly $1,000 payment), or sell all of your payments. How much of your structured settlement payment stream you should sell depends completely on your needs and what is in your best interest. Give Rising Capital a call and we can explain your options and help you determine your next steps.
All structured settlement transfers require court approval and the majority of jurisdictions will require you to appear in court. This is for your protection and to make sure you understand all the details of the sale. At the time of your court date, the judge will also ensure the transfer is in your best interest.
If you are selling a different type of annuity in exchange for a lump sum, it’s possible you will not need to appear in court.
Rising Capital understands it’s your money – and you need it now. That’s why people who do business with us usually receive their lump sum within just two business days of our receiving a Qualified Court Order signed by the judge.
Absolutely! Rising Capital Associates has a team of representatives dedicated to serving customers who have previously done business with us or other structured settlement purchasing companies. Rising Capital is happy to help you with your next transfer. We are 100% dedicating to making sure the purchasing process goes smoothly and you’re able to receive the largest lump sum possible.
The amount of the lump sum you’ll receive in exchange for your structured settlement payments depends on three main factors :
- The total amount of the payments you wish to exchange. (The total dollar amount you wish to exchange or the number of payments you wish to exchange.)
- When these payments are scheduled to be paid out. (This can be as soon as a month away or as far as years away.)
- The structure of the payout schedule. ( This can be via a monthly check, lump sums paid over a period of time, or a combination of the two.)
NONE! Rising Capital Associates has no hidden fees and covers all costs associated with your transaction from beginning to end.
To obtain a quote to sell your structured settlement, you can call Rising Capital at (866) 444-5061 to speak with an account executive or fill out our online quote form here.
Have additional questions related to the sale of your structured settlement? We can help. Give us a call at (866) 444-5061 to speak to an account executive or fill out our online inquiry form here.