Best Structured settlement annuity companies 2021
(Structured settlement annuity companies) Structured settlements are straightforward. Many civil lawsuits result in someone or some company paying money to another to right a wrong. Those responsible for the wrong may agree to the settlement by themselves, or they may be forced to pay the money when they lose the case in court.
Meaning of Structured settlement companies
A structured settlement is a regular stream of tax-free payments granted to the plaintiff in a civil lawsuit. Structured settlements are meant to provide long-term financial security to the injured party.
What Is Structured Settlement annuity companies?
Structured settlement annuities tend to be issued by prime and well-capitalized insurers worldwide. 50% of the top insurance holding companies worldwide include ancillary or subsidiaries that concern structured settlement annuities, below are the list of the top ten Structured Settlement annuity companies worldwide.
- G. Wentworth: best-structured settlement annuity company
- Fairfield Funding: Best for information and support
- DRB Capital: Best for customer service
- Strategic Capital: Best for no unexpected fees
- Peachtree Financial Solutions: Best for a variety of options
How to avoid structured settlement scams
Structured settlements are complex, and commerce isn’t very obvious. Unluckily, it’s easy for scammers to find people who would fall, a victim. Here are some tips on how to avoid structured settlement annuity scammers as you sell your structured settlement or annuity:
The easy way to evade scams is to make a little examine before calling. Verify if the company has had any lawsuits brought against it and if any complaints have been brought to the BBB or the CFPB. Also check, if the company has a physical location. Find out how long the company has been in business – you’re less liable to be dealing with scammers if the company has been operating for several years. Long-standing companies are also more likely to be in compliance with the various rules and regulations that govern the selling of structured settlements and annuities.
A different way to avoid scams is to call the settlement companies physically. If you get called by a Structured Settlement annuity companies, it’s possible it found you through court records or it paid someone for a referral. If you want to sell your settlement or annuity, you should be in the driver’s seat and initiate the contact yourself.
Be cautious of any company that tells you it doesn’t charge fees – it’s likely it has concealed some of the outlay in the reduction rate it applies to your settlement. If a company claims there is no cost, you’ll likely pay a higher percentage and get back less on your settlement payments.
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