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QUESTIONS AND ANSWERS
- Why doesn't the insurance company just give me a lump sum directly?
In many cases, the Internal Revenue Code prohibits an insurance company from accelerating payments. Even when such payouts are not prohibited there may be tax issues that make insurers reluctant to change the terms of the settlement. When Singer purchases your structured settlement, the proper arrangements are set up with the insurer to give you the requested lump-sum payment.
- How do I get a free appraisal?
After you answer a few questions, our Account Executive can usually provide you with an appraisal and quote the same day.
- How much can I get for my payments?
The type of payments we purchase determines the amount of cash you receive. Some factors considered include:
- Size of payment
- Assignability of payments or annuity structure
- Who makes the payment
- When the payments are due
- Do I need a lawyer or a financial advisor?
We urge you to consult with your attorney, financial advisor or accountant before arranging any transaction.
- Are there any documents I need from the insurance company?
Yes, you need the insurance company to provide the following:
- A release and settlement agreement
- An annuity contract or letter of benefits
- Who do I contact at Singer to discuss selling all or part of my settlement?
Account Executive, Structured Settlement
Phone: 800-670-6777
Fax: 800-662-2218
E-mail: sales@singerasset.com
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