Questions People Have When Selling Their Structured Settlements

Are you thinking about selling your structured settlement payments? If you received a structured settlement payment package due to a personal injury settlement or because you received casino winnings, you will need to consider when or if it makes sense to sell your structured settlement payments. We wanted to take a second and discuss some of the most common questions we hear from people who are considering selling their annuity or structured settlement payments?

Does My Scenario Make Sense for Selling a Structured Settlement?

You should know that you’re not going to get the full value of your structured settlement payments when you sell your annuity or structured settlement payments for immediate cash. The trade-off is that you’re going to get cash now. You should sell your structured settlement if you need the money now. That means you need it to cover high-interest debt, you need to pay off medical bills, you have a good investment opportunity ahead of you where it makes sense to get less money for your payments, or you are paying for college to improve your career prospects later on. If you don’t actually need the cash, you shouldn’t sell your structured settlement.