Annuity Transfers - Structured Settlements
Based in Plano, Texas, Annuity Transfers is a structured settlement company
that specializes in buying annuities and structured settlements. These are
the only products and services that Annuity Transfers deals in. Like most
structured settlement companies, they do not have any publically available
information about rates and fees.
People who have a structured settlement, usually the result of an injury or
winning a lawsuit, can sell that structured settlement to receive cash up
front, without having to wait for the settlement payout. However,
individuals should be careful, as it is not always a good idea to sell a
structured settlement or annuity, especially of it is your primary source
Because Annuity Transfers does not publish information about their rates
and fees, and because every structured settlement or annuity are different,
you will have to contact them if you want to find out more information
regarding your structured settlement or annuity.
Another important thing to note for people considering selling their
structured settlement or annuity is that you will not receive the full
amount of your settlement. This is because structured settlement purchasers
buy your structured settlement at what is called a discount rate. This
works the same way as an interest rate on a loan in that it is the profit
margin that the company is making. The discount rate is how the company
generates a profit, and it can vary based on the company, your situation,
and the way that your settlement is structured.
One helpful aspect of the Annuity Transfers website is that it provides a
helpful guide regarding the sales process. This is important because
selling a structured settlement is more complex than other types of
financial exchanges due to the nature of structured settlements. Because
structured settlements result from court agreements, you will need a judge
to approve the sale of your structured settlement. Depending on the state
you live in, you will also need to hire an attorney. Annuity Transfer's
website explains that the sales process will take eight to nine weeks to
complete, so if you need money faster than that, selling your structured
settlement is probably not an option.
As the structured settlement process is tricky, it is also important to
note that there are certain kinds of structured settlements and annuities
that Annuity Transfers are not able to purchase. A partial list includes
divorce or child support payments, IRA or retirement plan payments, pension
payments, and worker's compensation payments. You should contact Annuity
Transfers if you have any questions regarding your ability to sell your
structured settlement, or their ability to buy your structured settlement.
In the end, Annuity Transfers seems to be a trusted, Texas-based company.
Their website is very descriptive of the steps you will have to take to
sell your structured settlement, and also contains a useful FAQ section
where you can learn more about things like a discount rate so that you can
be sure you have a complete understanding of the implications of and
process for selling your structured settlement or annuity.