by John Darer® CLU ChFC MSSC RSP CLTC
A person who is receiving structured settlement payments may sell or transfer a portion of their rights to receive periodic payments without jeopardizing the remaining payments that have not been transferred.
Structured settlement transfers are governed under federal law and state law. A judge must approve the transfer as being in the best interest of the seller and any applicable dependents.
For example, if you were scheduled to receive a $3,000 monthly structured annuity for 30 years certain and life you could sell $100 per month for 10 years to raise funds that you need, but still receive ongoing payments, including the lifetime payments.
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