FAQ
Q: "What is a structured settlement?"
A: A "structured settlement" is a legal term that refers to a deferred payout arrangement between two or more parties that usually results from the settlement of a personal injury lawsuit where the injured party receives specified monetary payments over a fixed period of time. All settlement payments are classed as "non-taxable" because they stem from the annuitant's personal injuries rather than an investment plan.
Be advised that if you're considering selling a structured settlement worth under $15,000. the lump sum payout probably won't be large enough to justify the sales process. NOTE: This does NOT apply to annuities that were purchased as an investment.
"Since 1996 We Have Helped Thousands of People Just Like You Get The Funds They Want"
A: Yes, you can sell a fixed number of your future payments -- you do not have to sell the entire contract. In fact you can even sell half of a fixed number of future payments. This is known as a "Split Sale" and it lets you sell your payments while retaining your monthly income. We will structure any purchase to your particular situation.
Q: "Which documents will I need in order to sell?"
A: All that we require to get started are copies of the annuity policy and the settlement agreement. If you do not have these documents on hand don't worry, we can help you get them. NOTE: You do not need to send us these documents in order to get a quote. You'll only need to provide them after you've decided to proceed with the sale.
Q: "Will I have to pay taxes on my lump sum?"
A: No. Under U.S. law all structured settlement payments are deemed non-taxable. And the lump sum is considered the same as the structured settlement payments.
Q: "How long will it take to close?"
A: Although the length of time it will take to process your sale will vary depending upon the State, County, how long it takes for you to send us the needed paperwork, and the time of year (the 3rd quarter is often busiest due to the holidays) we can usually close within 2 months after we receive the paperwork. Annuitants may be eligible for a cash advance of up to $2,000. in cases of emergency. Some restrictions will apply, please contact us for details.
Q: "Will I have to attend court?"
A: This varies by both State and County -- in some places it's mandatory that you attend the hearing. While in other places your attendance is optional. However you should be prepared to show up in court if needed.
Q: "Will I have to hire an attorney?"
A: No, but if you would like to have an attorney represent you in your dealings with us, which we encourage you to do, this would be your only personal expense in the transaction. We will pay all of the bills necessary to complete the sale (legal, court, etc.).
Q: "Does National Settlement Buyers purchase any other cash flows?"
A: No, we only purchase Investment Annuities and Structured Settlements.
We do NOT purchase any of the following types of Cash Flows:
- Business Notes.
- Business Royalties.
- Casino Prize Payments.
- Legal Judgments.
- Mortgage Notes.
- Pension Payments.
- Registered Contest Winnings.
- Restricted 144 Stocks and Securities.
- State Awarded Lottery Winnings.
- Trust Fund Payments.
- Viatical Payments.
- Worker Compensation.
Q: "How do I get started?"
A: You can either call us at (206) 202-1894 and one of our representatives will be happy to answer any questions you may have. Or, for immediate service, use our convenient online application form and we will get back to you with a quote.
