Structured insurance settlement payments need the approval of the court. Once they are approved you get a regular, predetermined payment from your insurance company. At some point you might wish to obtain a lump sum of cash, for any capital expenditure or major purpose, such as medical expenditure, educational expenditure etc. This structured settlement payment can then be sold off for a lump sum amount.

Selling a structured settlement can be easy, but you need to find the right buyers, otherwise, you will end up obtain a far lower lump sum than you deserve. Unscrupulous buyers may fool you with the information that you can only obtain a sum lower than the total value of your annuities. While this is true, a number of calculations can be done, and a number of quotes obtained, before you decide whom to sell your settlement to. Financial institutions and insurance firms usually offer decent quotes, but these can also be subject to bias and the vested interests of these institutions. A third party that specializes in the field of selling structured settlements should hence be approached.

These third party firms offer a multiple vendor marketplace of structured settlement buyers, allowing you to post details of your structured settlement for sale. Funding firms then make lump sum cash offers to you, directly. The auction system helps streamline the process of selling a structured settlement, and provides multiple competitive cash offers. In this way, the third parties significantly increase your chances of receiving the best possible lump sum.