A Smarter Way to Access Your Structured Settlement.
Get a lump sum from future payments with guidance you can trust.
Understanding Structured Settlements
Victims of personal or workplace injury may receive a settlement from a lawsuit for their pain and suffering. Only personal injury victims are eligible for structured settlements. The settlement agreement governs the terms, while the annuity determines the payment amounts you'll receive over time.
Common Personal Injury Cases:
- Car accident or motorcycle crash
- Workplace accident
- Pharmaceutical drug side effects
- Slip and fall injuries
- Medical malpractice
Structured settlements became popular in the 1970s due to significant increases in personal injury awards and changes in the Internal Revenue Code that allow recipients to have tax liability waived. They guarantee the recipient tax-free income installments over the life of the settlement, with many contracts allowing claimants to name a beneficiary.
When to Consider Selling Your Settlement
Structured settlements are financial assets that can be sold through a court order process. Selling may be helpful if you're facing:
Medical expenses
Home purchase or renovations
Education expenses
Pressing financial obligations
Business or investment opportunities
Important to Know
Insurance companies own annuities, not individuals. They're responsible for holding the money and disbursing it per the contract. When you sell all or part of your annuity, you're actually selling your right to receive the payments, rather than a piece of the annuity itself.
Pros & Cons of Structured Settlements
Advantages
- Guaranteed income flow throughout the agreement term, often spanning many years
- Completely tax-free payments for personal injury settlements
- Payments unaffected by stock market volatility
- A valuable asset that can be sold in a competitive marketplace
- Payments can transfer to a beneficiary in the event of death
- Often a welcomed compromise with advantages for both plaintiff and defendant
Considerations
- Punitive damages and recovered attorney's fees may still be taxable
- Payments are inflexible once established — you can't adjust for emergencies
- A judge must approve all sales of structured settlement payments
- Early or incorrect withdrawals may incur surrender fees and IRS penalties
Good news: Many of these limitations can be addressed by selling part or all of your future payments to access cash when you need it.
How the Selling Process Works
Our experienced team makes selling your structured settlement simple and stress-free
Contact Us
Reach out to our team for a free, no-obligation consultation. We'll discuss your situation and explain your options.
Receive Your Quote
We'll review your structured settlement details and provide a competitive cash offer based on current market rates.
Court Approval
Our experienced team handles the legal process, filing the necessary petitions and guiding you through court approval.
Get Your Cash
Once the court approves the transfer, you'll receive your lump sum payment directly to your account.
What Determines Your Settlement's Value?
The present value of a structured settlement annuity depends on several factors:
A judge must sign off on a structured settlement sale before it is finalized, requiring you to present a valid reason for accessing your funds.
Let CBC Help You Access Your Funds
Our team of experienced, caring professionals will make the process of selling some or all of your structured settlement payments easy.
CBC Settlement Funding is accredited by the Better Business Bureau with an A+ rating. We pride ourselves on providing superior customer service tailored to your unique situation.