So you’ve seen the J.G. Wentworth structured settlement commercials. The opera singers…the people bent over windowsills professing their need for “cash now.” But when you boil it down, those guys aren’t giving customers the best lump sum offers for the sale of their structured settlements and annuities. In fact, J.G. Wentworth has been lowballing customers left and right. It ain’t pretty and it’s up to customers to be really selective when they decide to sell their annuity payments for a lump sum. After all, J.G. Wentworth isn’t the only fish in the structured settlement sea, right? Damn right.
And it’s pure magic when customers DO get the best deal. It’s a kind of mystique that can change customers’ lives in significant ways. A large structured settlement lump sum payment can go to pay down outstanding bills, help you purchase a new home or reliable vehicle, or even start a business. The list goes on. The best part? No cheesy opera singers are required.
Here, we show you how you can create your own money magic, with the Most Cash for your settlement.
But first, the basics…
What is a Structured Settlement?
Structured settlements are payments made from one party to another according to a set schedule. They are frequently awarded to plaintiffs as part of lawsuit. Periodic structured settlement payments provide the beneficiary with a steady stream of income.
Here’s a short breakdown of common reasons for structured settlements:
Personal Injury Settlements: These settlements come from lawsuits where the defendant caused severe injuries to the complainant. The structured settlements help the plaintiff get through with life after a personal injury.
Wrongful Death Settlements: These settlements come from lawsuits usually filed by the dependents of people who died because of negligence. The party responsible could be an individual or a corporation.
Workers’ Compensation Settlements: If an employee is injured or killed in the course of duty, a case may be brought against the employer. The outcome of the case may be a worker’s compensation settlement.
Getting the Most Out of Your Structured Settlement
If you’re in a cold sweat about the state of your finances, let’s ease your fears. As someone who’s receiving structured settlement payments, you have the option to cash out for a lump sum of cash.
But it’s important to do some legwork before you take the plunge. You should first:
1) Vet the structured settlement buyers that are out there, including J.G. Wentworth and its other brands, like Peachtree, Stone Street, and Olive Branch.
Even if a company seems reputable, you may find that many of their promotions have stipulations in the fine print. Case-in-point, companies will claim to beat all competitors and it’s a half-truth at best.
Most structured settlement buyers will only beat a competitive offer if you meet certain “conditions.”
RSL Funding is totally fed up with customers getting shortchanged.
It’s why we will always offer the Most Cash for your payments. Need proof? In 2018, RSL offered customers $7,000.00 more on average than J.G. Wentworth.† We guarantee to give you more money for your payments, or we’ll pay you $1,000.00 – whether you’ve sold payments with us or not. Now THAT’s Money Magic. *Mic drop*
2) Check reviews. Check reviews. Check reviews.
We’re not gonna lie. It’s virtually impossible to please everyone all the time. But checking structured settlement buyer reviews might help you avoid dealing with a company that’s notorious for ripping customers off. If you see a company with a great reputation that guarantees the highest offer for your payments, you can probably place your bets on it. Reputation is everything. Go with your gut.
3) Know the process. Know the players.
Once you decide to sell your settlement, you’ll want to shop around for a quote. And after picking the right company with the best quote, you’ll have to fill out some paperwork including details of your current annuity (how many payments are left, when they’re going to be paid out, etc.). Your buyer should walk you through the court process around this time too.
Yes – a judge needs to sign off on the transfer of your payments before you can receive your lump sum of cash. After everything’s approved, an insurance company will likely need to sign off on the transfer. A lawyer, a notary, a medical lab – these are all parties who may be involved.
This is a simplified snapshot, but to know this structured settlement sales process and to know who’s involved will help you manage your finances accordingly, and potentially, eliminate any unwanted surprises.
The process of cashing out your settlement takes about 45 to 60 days–this is across the board.
The key takeaway here is that knowledge is power. Having a good understanding of how selling your structured settlement works will help you maximize your current cashflow in anticipation of your lump sum. In other words, you’ll spend your money wisely in the few weeks leading up to your big check.
4) Take advantage of rewards.
Getting the most out of your structured settlement sale includes taking advantage of the “extras.” ‘Cause, why leave free money on the table? With RSL Funding, the rewards are legit and can add to your overall lump sum payment. If you’re thinking about going with a different company that’s also offering a discount, guarantee, reward, etc., just be super vigilant about reading the fine print. You may find that their “rewards” are the kind that you didn’t ask for. Ouch.
It (literally) pays to work with RSL Funding and discuss your structured settlement or annuity. If you don’t have payments to sell but know someone who does, you can refer them to RSL. And if they do a deal, YOU get cash bonus. Last but not least, if you’re a repeat customer, you get a cash bonus for your loyalty. Bottom line, we want you swimming in cash rewards.
5) Follow Your Own Sound Advice
To get the most out of your structured settlement, you should ask yourself the tough questions. Like, is this something you really want to do? What do you need the money for? Should you sell all or a portion of your payments.
And when you get to the point where you’re reading through the structured settlement contract, you should review the document critically. You may even want to go over things with the help of an accountant or attorney. See any red flags? Investigate. Something seem “off?” Ask questions.
“Money Magic” can’t happen if you feel that your chosen structured settlement buyer is unsavory or if you feel that it’s not the right time to sell your future payments. Following your own sound advice will lead to a better experience. At RSL, we pride ourselves on walking you through the process and working with you to see what options fit best. It’s the best kind of money magic. And you won’t find it anywhere else.
†J.G. Wentworth claim: Based on an analysis of competitive lump sum offers reported by potential customers during 2018, RSL Funding offered customers lump sums that were over $7,000.00 greater on average than offered by J.G. Wentworth in exchange for the same structured settlement, annuity, or lottery payments.