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qemren
How to Purchase a Structured Settlement
How to Purchase a Structured Settlement
There are many situations in which people receive structured settlements. Structured settlements are an alternative to lump sum payments. They are frequently used with lottery winnings, legal judgments, insurance settlements, and other situations where recipients choose to receive an annuity instead of a lump sum payment. There is a secondary market for structured settlements. They are much like a bond. Here is how you go about purchasing a structured settlement.
Instructions
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- 1 Find a structured settlement broker. Make sure that your broker is a member of the National Structured Settlements Trade Association (NSSTA). Ask the broker for references. It is important to talk to other investors who have purchased structured settlements from the broker in the past.
- 2 Hire an attorney to handle the paperwork. You are going to be dealing with large sums of money, so it is imperative to cross your i's and cross your t's.
- 3 Obtain multiple quotes on the settlement. There are many structured settlements out there for sale. Make sure you don't overpay.
- 4 Complete the transaction and begin receiving your annuity payments.
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