Best Structured Settlement Annuity Companies of 2018 ~ Mr-Khand News and Knowledge

Who Will Buy My Structured Settlements

If you are interested in selling your future annuity or structured settlement payments, a business named a factoring company may be interested in buying in a lump sum of cash. Factoring companies and individual investors who buy your structured settlement form the secondary market, which is highly regulated because the industry is so competitive. Sellers should consider many factors, including the quote offered and customer service records of a company, before selecting a company to buy their structured settlement.

Best Structured Settlement Annuity Companies of 2018

Where to Buy Annuities

Although insurance companies should issue an annuity, not all annuity contracts are publicly issued through issuing company's own agents. In fact, the majority of annuities in America are purchased from:

Annuity distributors, including large brokerage firms known as wirehouses, such as Merrill Lynch and Morgan Stanley
Independent broker-dealers, like Raymond James
Large banks, such as Bank of America
Mutual fund companies like Vanguard and T. Rowe Price, which are some of the safest annuity companies because they offer lower fees
Thousands of independent agents, brokers and financial advisors
If you buy an annuity from one of these middlemen, you will usually get your contract, even though you will also receive information from the insurance company from time to time.

For example, if you own a variable-rate annuity, you will receive quarterly statements from the insurance company regarding the contract's underlying accounts. If you want to make changes to those accounts, though, you might do it the agent or company who sell you the contract.

If you have a structured settlement that was the result of an accident or injury claim, there is no middleman. You will deal with the insurance company directly.
To find our lineup of structured settlement companies, we have seen many factors including client sentiments, visibility of the company and whether the company is related to industry groups such as the National Association of Disposal Buyers (NASP) To be a member of NASP, a structured settlement company should participate in anti-fraud initiatives as well as a code of ethics and consumer bill of rights. We were not able to evaluate rates and fees because they depend so much on the specific details of each settlement. Before signing the dotted line, check with settlement companies that you are considering to determine what the exact rates and fees are if you decide to convert all or some structured settlement into a one-time payment .

Based on our research, our recommendations for the best structured settlement companies are given here:

Best Structured Settlement Brokers for Partial Cash Payouts

Best Structured Settlement Brokers for Partial Cash Payouts: J.G. Wentworth
J.G. Wentworth is one of the biggest structured settlement buyers. (It also owns Peachtree Financial, another large and well-known brand.) If you have an annuity from a legal settlement, accident or lottery award, J.G. Wentworth can buy a portion of your settlement The advantage of this is that you can leverage your settlement in multiple ways, preserving future monthly payments while getting some short-term cash. You can also sell your entire settlement to J.G. Wentworth.