Direct answer
Yes, you can sell your future payments, but it typically requires a court order and the approval of a judge to ensure the transaction is in your best financial interest. You will likely receive significantly less than the total face value of the future payments due to the discount rate applied by the purchasing company.
State statutes governing the transfer of structured settlement payment rights under the Structured Settlement Protection Act. For additional information about state regulations regarding structured settlement transfers, see the National Association of Settlement Purchasers‘s summary of state statutes.
What this means for you
Yes, you can sell your future payments, but it typically requires a court order and the approval of a judge to ensure the transaction is in your best financial interest. You will likely receive significantly less than the total face value of the future payments due to the discount rate applied by the purchasing company.
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