A life contingent structured settlement is a type of financial agreement that can provide you with a guaranteed source of income. This settlement is based on your life expectancy and offers a fixed payment schedule tailored to your unique needs. Explore how a structured settlement with a life contingency can help you!
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Structure Settlement Buyer
We are a nationwide leader in buying life contingent structured settlement payments. With years of experience and a unique connection of funding of options, we thoroughly vet every single payment stream in order to maximize the potential of making an offer to everyone that is looking to sell life contingent structured settlement payments. While there are lots of websites out there that claim to buy life contingent structured settlement payments, there are very few companies that compete with our experience or knowledge when it comes to providing lump sum payments for life contingent payments.
Frequently asked questions
Life contingent structured settlement payments are payments that are due from an annuity but only payable if the measuring life is living at the time the payments are due. Often, but not always, life contingent structured settlement payments follow a period of 20 to 30 years of guaranteed payments and after this period the annuity issuer is only contractually obligated to continue to make payments if the person identified as the measuring life is still alive. Life contingent structured settlement payments can come in the form of monthly payments, could be annually or in more rare cases at different intervals.
Not all structured settlements have life contingent payments. In order to determine if your structured settlement has life contingent payments, it is important to look at the documents themselves. A structured settlement with life contingent payments will often say that the payments will be made “so long as the Measuring Life is living at the time that the payment becomes due and payable.” Alternatively, the paperwork may say something to the effect that the payments will be made “for life”.
If you are unsure if your structured settlement provides for payments for life, and you don’t have any paperwork, you are not alone- many of our potential customers contact us with little or no paperwork and with our vast experience, we are able to undercover the existence or timing of future life contingent structured settlement payments.
Unlike other types of future guaranteed annuity payments, your health is a factor in what a structured settlement buyer can pay you for life contingent payments. In other words, if two people have the exact same life contingent payments, but one person is very healthy and the other person is very unhealthy, the healthier person’s life contingent payments would have greater value.
It is important you shop around your life contingent structured settlement payments before you sell them. Why is that? First, structured settlement buyers are in the business of making money. Buyers will generally will agree to pay you a certain amount for your life contingent payments and then sell them to a third party. The amount of money they make is based on what you will accept and what the buyer can sell them for. This means there is very often room for your to negotiate to get more money. In the same vein, if multiple companies are competing to buy your life contingent structured settlement payments, they will try to outbid each other by offering you more money if you agree to sell your life contingent structured settlement payments to them. Moreover, different structured settlement buyers have different relationships and funding sources, and this may mean that one structured settlement buyer has the ability to pay more, buy different payments and/or buy less payments for same amount of money.
We can buy life contingent payments out as a far as 2080. Factors that will be considered are your age, your health, when the payments start, state you live in and what annuity issuer is obligated to make the payments. When you contact us, we will pretty quickly be able to figure out whether its worth taking the next steps in gathering information to make you an offer to buy your life contingent payments