Lump Sum Cash

Structured Settlement Processing

This information is for you to use as a reference so that you have a step-by-step outline explaining to you how your transaction will occur. Your cooperation in all steps will insure that your transaction is completed in a timely manner so that you can receive your money as quickly as possible.

The first step is to return your application completed, include a clear copy of your photo ID, your most recent annuity check stub (if applicable), a copy of your Annuity Contract, signed copy of your Settlement Agreement, Qualified Assignment, (if applicable) and if you were a minor when your Settlement occurs, a copy of the Order for the Minors Claim, (if applicable). If you are missing any of the documentation, send us everything you have and we will help you to obtain the missing documentation.

After we have received and reviewed your documentation, we begin our internal process. The amount of information you have provided to us will determine how long you can anticipate receiving closing documents. Normally it will be within 2 to 5 business days after we receive the initial documentation back from you.

Once the file review has been completed, we will create and issue to you the closing documents. The closing documents consist of a Disclosure Statement, which outlines the financial terms of the transaction and the Transfer Agreement, which outlines the legal terms of the transaction. Based on the State statue where we will be petitioning for the Court’s Approval, the Disclosure Statement and Transfer Agreement may be sent together or separate. If the Disclosure Statement is sent separate, the Transfer Agreement will be sent to you upon our receipt of the signed Disclosure Statement, but no sooner than ten (10) days after the Disclosure Statement was initially sent to you.

Once you receive the closing documents, review them completely. If you have any questions, give me a call and I will be glad to review those items on which you have questions. After this review, you will need to take the contract to a notary and sign the contract in front of the notary. The notary will need to notarize each of your signatures, where noted. Once completed, you will need to send the closing documents back to us.

After we receive the closing documents, we will review them. We then continue with our internal process. At which point, we will pull your credit and search records for UCC filings, judgments, liens and child support obligations against you. We may either pay or escrow funds to satisfy any lien filed against you or the periodic payment if necessary, and deduct the amount from the purchase price. If we are not satisfied with the results of our investigation, in our Sole and Absolute discretion we shall have the right to cancel your request.

To continue the sale process we will copy the closing documents to the attorney representing the Transfer, with information on proceeding with the Court Order. Once the transfer has been approved and Ordered by the Court, an acknowledgement letter is sent to the insurance company. Upon our receipt of the acknowledgement letter, our final funding review is started. Provided that everything is complete, funding is set up and will take place within ten (10) business days after final approval has been received.