What Exactly Does a Servicer Do When Required On A Structured Settlement Transfer?
Often, when a client is in the process of completing a structured settlement transfer, they will be informed that their insurance company “will not split payments.” What does this mean?? Well, it means that you are most likely not selling your entire monthly payment (ex. You receive $1,000.00 a month but you are only selling […]
What does it mean to have a beneficiary for my annuity payments?
First, the most simplistic answer to this question is, if you die and there is a beneficiary listed on the release and settlement agreement and annuity contract then your payments would be transferred to them. A release and settlement agreement will state: Beneficiary: Any payments to be made after the death of the Payee pursuant […]
Being the beneficiary: How are you notified of payments?
If you are the beneficiary of someone’s structured settlement payments or annuity you will more than likely know of the person’s passing. A question will probably arise of when do the payments begin and how will you be notified. The insurance company will more than likely send out a document to you stating what you […]