When Is Structured Settlement Sale Not Beneficial?

Structured settlement sale is not the most beneficial option for everyone who holds rights to structured settlement payments. The decision is highly individual, and can only be decided once all factors are considered. It is important to note that you do have the right to shop around for structured settlement funding partners and compare and contrast the deals and options presented. It is also noteworthy to know that where regulations do exist they normally provide that you be counseled to seek advisement from an independent third party (such as an accountant or structured settlement attorney). Even in unregulated states and regions, this is a good practice, and well within your rights as the seller of annuity insurance payments.

It is difficult to provide a straight answer to the question of when selling structured settlement payments is not beneficial, but in general terms if you are in a good financial position, meeting your financial obligations with no pressing or stressful bills or debts and no present need for access to a large lump sum of cash, then your selling structured settlements will be of negligible benefit to you. Again, however, it is worth taking note of an important factor—by law structured settlement sales may take between 45 and 90 days to process (because of the need for court approval) so it is worth considering that "current need" is a relative term.