415 BOSTON TPKE STE 314
SHREWSBURY MA 01545-3476
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Kindly fill out our online quote request to sell annuity payments or simply pick up the phone and call Factor Financial today at +1 (781) 242-4000. Our Account Managers are friendly, knowledgeable and will treat you with respect. We’d love to hear from you!
Structured Settlement | Frequently Asked Questions
Generally it takes 45-60 days to sell structured settlement annuity payments. It depends on the jurisdiction or county where the Payee lives and whether or not the annuity payments are life contingent.
We are experts at buying life contingent annuity payments. Although we can’t guarantee the Payee will qualify for life insurance we know exactly how to proceed with each case.
We prefer to wire your funding check directly into your bank account. We’ll ask that you fill out a Funding Instructions form that you’ll have notarized. We cannot send closing funds to a third party.
Generally yes, however there are a few states that don’t require your physical appearance. In those states your Affidavit is used to help the judge decide if the transaction is in your best interest. Hearings normally only last a few minutes.
The majority of structured settlement annuity transfers are approved. The petition to transfer your payment rights must be found to be in your best interest. Occasionally transfer requests are denied due to poor reasoning or complete lack of other sources of income.
If your annuity payments are large enough, then yes, you can sell just a portion of your annuity. If they’re very small then it may not be possible due to legal costs involved.
Generally, we’ll need a copy of your Annuity Contract, Bankruptcy Discharge (if bankruptcy was filed), Child Support Payoff (if past due child support is owed), Divorce Decree (if divorced), Driver’s License or State ID, Release & Settlement Agreement (we can help you get it) and your Social Security Card.
“I’m glad I chose Factor Financial. From day one they were honest and up front with me about the entire process and about how much money I’d get. My account representative was cool and available on WhatsApp. There were no surprises and I got my money shortly after the hearing.”
“Factor Financial gave me a quote that was $12,000 more than another company. They explained the entire process and I was able to get the money I needed to buy a home. Highly recommended!”
“I’m glad I was able to sell my life contingent payments to Factor Financial. I tried selling them previously to another company but they were unable give me a good offer. I got a life insurance policy with the help of FF and everything went surprisingly smooth without any issues.”