Structured settlement brokers are intermediaries between you and the company looking to buy your structured settlement. While many will not ask for an upfront fee, they can earn a commission from the final sale of a structured settlement or annuity.
Many companies that buy structured settlements provide an “in house” structured settlement broker. They say this is to benefit the seller. However you should know that they are receiving some form of payment at the end of the transaction. The pricing of brokering a sale includes a commission structure, which is a percent of the total lump sum.
Some transactions may even have two brokers involved, the one you hired and the one the company hires to negotiate. This means both have to be paid and it could come out of your cash.
Be Your Own Structured Settlement Broker And Receive your Money today
When you reach out to a reputable company to sell your structured settlement or annuity they will explain the different options you have in getting your money. Whatever the reason, they will work with you to get you the cash you need to:
- Pay bills.
- Get some breathing room during a tight financial month.
- Pay for an unexpected emergency
- Get your car fixed
How do I know I’m getting the best deal for my structured settlement?
When you do your homework and get quotes from different companies, you’ll learn that not all structured settlement offers are the same. At the end of the day, you need to consider your financial situation and make sure you are happy with the money you receive.
Also keep in mind, a reputable company can purchase some or all of your structured settlement payments. Any structured settlement purchase has to go through a judge. The judge will look after your best interest and determine if the company buying your settlement is being fair. Many people already have a lawyer and can get advice from them, if needed. Why lose any of your money to a broker?