You never know when some urgency comes calling. You may feel the urgent need of cash owing to various kinds of situations. One may also get to the situation wherein he may need funds urgently to survive or to take up some emergency scenario. These Scenarios may be unavoidable in many cases and also it may be ditficult to arrange the funds from elsewhere in this case. There may be some urgent need that one may need the money right now and the future distributed payments may not work in this situation. He may need the entire money as of today no matter if some discounting is required to get that fund release in one time. There may be immediate requirement of cash for structured settlements. Person can have option of structured settlement funding by selling their annuities. It there is requirement ot fund, that can be arranged on the immediate basis. 1his immediate arrangement can help in pulling the money in any kind ot emergency situation.
Benefits from annuity
One may have benefits from the anuity which may occur in the future as below:
-It can be as a result of lawsuit or other claim or it can be for personal injury.
-The clam for the annuity can be from the insurance company as a beneficiary.
-The claim annuity amotunt received is tax free since the nature of the annuity is to safeguard the future against the investment done today.
-One can be assured of the retuun to the claimed beneficiary in case of death or can also be possible in case he is alive in life contingent scenario.
-One can also think of selling the same in retun of fixed lump Sum amount.
Steps To Selll Structured Settlement Annuity:
You can face a situation of ugency at any point of time. You start exploring various kinds of options and the best option will be to arange it anyhow from you own Sources. Why not to sell structured setlement annuity to get rid of the problematic situation wlhich has come you way suddenly? Surely it will be the best idea for an individual to consider. The steps for this puupose are mentioned below:
-One has to approach the best agent and fill the form by providing the contact informaton and the accurate description one may think to sell. This sell idea can be for partial settlement or for the full settlement as against the annuity claim.
-Once the form is filled the agent cOmpany takes care of entire end to end deal for the client. Client doesn t need to worry about anything in this case. Agent Company takes the entire information on their direct portal and sends the entire information to the certified funder's network.
-The moment the detail is sent to the certified funder or well knowWn funding company network, they all send their quote to puichase the annuity. There is then heavy competition among the buyers to get the settlement done at the best possible tates. This helps in quick sale of structured settlement.
-Once this process is completed the agent company approaches the seller with the best quote for his settlement and with the entire detail of the buyer. Buyer may be a certified funder or a certified well known company who may be willing to provide he cash for structured settlement. This process takes hardly 2 hours from the time one fills the selling intention form.
-If this offer is acceptable to the seller he just has to confirm and the agent company holds the buyer for his best final bid which both parties have agreed. The seller is als0 directly introduced to the prospective agreed buyer for the annuity. They will also start the agreement formalities to avoid any kind of delay.
-The agent company has business relations with the notary public representative which comes in to take ahead this deal. He reaches the parties at theirconvenience at agreed location inunediately on the next business day with the sale agreement document. This is then utually discussed and shared more light on the same in order to freeze the same at faster pace. Once it is agreed among both the parties the signatures are done in front of all the members.
-Once this agreement is done and notarized the cash is handed over to the seller within next 10 business days provided the couut transfer order is received which is the responsibility of the notary and the agent company to arrange for the seller.
One also has to understand that the entre procesS takes not mo1e tihan 7 to 9 weeks. Since there is very competitive and 1nformaive agent company involvement the process time is reduced to this period else it might have been further. It is always better to engage somebody knowledgeable and expert from the industry for these kinds of tasks. It also depends on the state of residence since the court procedure is ditferent in ditferent states.
