Saturday, November 27, 2010

Sell structured settlement: 3-4 weeks faster

When someone is planning to sell structured settlements, he or she wants the money as soon as possible. That’s why it is important to have the policy early in the process when you sell structured settlements. When you have the policy, you save time in two ways.
  • First, you save the structured settlement factoring company from having to request another copy of the policy for you. And that saves at least three or four weeks.
  • Second, you reduce the chance of error, because your factoring company has all the correct information from the beginning. Less chance of error means less chance of having to fix mistakes and re-do paperwork. Which saves time when you have one thing on your mind: sell structured settlement.
If this is important to you: sell structured settlement. Then know this: find your policy.
Even in today’s digital world, when you sell structured settlements, it’s still a paper transaction. And the most important paper of all is the policy.
The policy confirms all of the details about what is being bought and sold, including payment amounts and dates and all of the parties involved in the transaction: the annuitant, insurance company, policy owner, and beneficiaries.
In other words, the policy is the buyer’s record of what the insurance company is paying. The court must see the policy and the buyer can’t close the transaction without the policy. So if the seller has the policy at the beginning of the transaction, it speeds the process and helps eliminate errors—and errors are the major causes of funding delays.

Source address:http://www.articlesbase.com/personal-finance-articles/sell-structured-settlement-34-weeks-faster-1635536.html

1 comment:

  1. When someone is planning to sell structured settlements, he or she wants the money as soon as possible structured settlement payment

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